Umicore is a global materials technology and recycling group with a strong focus on sustainable solutions. Primarily functioning as a developer of catalytic converters and other advanced materials, Um... Umicore is a global materials technology and recycling group with a strong focus on sustainable solutions. Primarily functioning as a developer of catalytic converters and other advanced materials, Umicore plays a crucial role in addressing environmental challenges through reducing emissions from automotive exhaust systems. The company is also a pioneer in battery materials for electric vehicles, underscoring its commitment to fostering cleaner transportation options. Additionally, Umicore is renowned for its advanced recycling capabilities, enabling the recovery and reuse of precious metals, which diminishes the need for mining and supports the circular economy.
Operating across sectors such as automotive, energy, and electronics, Umicore's technologies are integral to innovation in clean energy and sustainable practices. Its commitment to research and development furthers its market significance, positioning Umicore as a leader in introducing advanced materials that reduce environmental impact. Headquartered in Brussels, Belgium, Umicore's global operations enhance its influence in both mature and emerging markets, providing essential materials that contribute to environmental sustainability across industries.
In 2024, Umicore was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Umicore has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Umicore are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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3.2 CCM/CCA - Manufacture of equipment for the production and use of hydrogen
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3.4 CCM/CCA - Manufacture of batteries
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Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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3.2 CCM/CCA - Manufacture of equipment for the production and use of hydrogen
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Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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3.2 CCM/CCA - Manufacture of equipment for the production and use of hydrogen
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Limited Data Preview
You are viewing a limited preview of Umicore’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Umicore’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Umicore’s data sources below and access millions more through our Disclosure Search.
a. Umicore's Annual Report 2024
b. Umicore's Integrated Report 2023
c. Umicore's Integrated Report 2022
Insights into Umicore's Revenues from Sustainable Activities
In 2024, Umicore reported EU Taxonomy-eligible revenues of EUR 709.41 million, representing 4.8% of its total turnover. Of this amount, EUR 709.41 million of Umicore's revenues was classified as EU Taxonomy-aligned, indicating that 4.8% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Umicore's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Umicore's revenues become more sustainable over time?
Since 2022, Umicore's taxonomy-aligned revenues decreased by 37.66%, indicating a long-term decline in environmentally sustainable revenue performance.a, c
Compared to the previous year (2023), Umicore's taxonomy-aligned revenues decreased by 40.74%, suggesting that Umicore may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of Umicore's revenue is eligible under the EU Taxonomy?
In 2024, Umicore reported that EUR 709.41 million of its revenue was eligible under the EU Taxonomy, representing 4.8% of the company's total turnover. Of this amount, EUR 709.41 million (4.8% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Umicore's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Umicore's eligible revenue is aligned with the EU Taxonomy?
In 2024, Umicore reported that EUR 709.41 million of its revenue was aligned under the EU Taxonomy, representing 4.8% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Umicore's Eligibility & Alignment Overview
Umicore's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Umicore's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Umicore reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 4.8%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Umicore earn from selling climate-related solutions ?
In 2024, Umicore reported that EUR 712.98 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 4.8% of the company's total revenue,indicating that Umicorehas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Umicore's CAPEX from Sustainable Activities
In 2024, Umicore reported EU Taxonomy-eligible CAPEX of EUR 350.48 million,representing 55.5% of its total CAPEX. Of this amount, EUR 350.48 million of Umicore's CAPEX was classified as EU Taxonomy-aligned, indicating that 55.5% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Umicore's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Umicore's increased its investment in sustainable activities over time?
Since 2022, Umicore's taxonomy-aligned capital expenditure (CAPEX)decreased by 1.6%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, c
Compared to the previous year (2023), Umicore's taxonomy-aligned CAPEX decreased by 17.78%,suggesting that Umicore may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Umicore's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Umicore reported that EUR 350.48 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 55.5% of the company's total CAPEX. Of this amount, EUR 350.48 million (55.5% of total CAPEX) was classified as Taxonomy-aligned. This means that 0% of Umicore's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Umicore's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Umicore reported that EUR 350.48 million of its CAPEX was aligned under the EU Taxonomy, representing 55.5% of its total capital investment.a
This strong alignment suggests that Umicore is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Umicore's Eligibility & Alignment Overview
Umicore's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Umicore's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Umicore reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 55.5%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Umicore is investing in climate-related solutions?
In 2024, Umicore allocated EUR 350.68 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 55.5% of the company's total capital expenditure,indicating that Umicoreis prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into Umicore's OPEX from Sustainable Activities
In 2024, Umicore reported EU Taxonomy-eligible OPEX of EUR 124.40 million,representing 37.1% of its total operating expenses (OPEX). Of this amount, EUR 124.40 million of Umicore's OPEX was classified as EU Taxonomy-aligned, indicating that 37.1% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Umicore's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Umicore's increased its spending in sustainable activities over time?
Since 2022, Umicore's taxonomy-aligned operating expenditure (OPEX)increased by 28.82%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Umicore's taxonomy-aligned OPEX increased by 10.09%,highlighting Umicore's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Umicore's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Umicore reported that EUR 124.40 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 37.1% of the company's total OPEX. Of this amount, EUR 124.40 million (37.1% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Umicore's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Umicore's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Umicore reported that EUR 124.40 million of its OPEX was aligned under the EU Taxonomy, representing 37.1% of its total operational expenditure.a
This moderate level of alignment indicates that Umicore is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Umicore's Eligibility & Alignment Overview
Umicore's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Umicore's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Umicore reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 37.1%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Umicore's operational budget supports climate-related solutions?
In 2024, Umicore allocated EUR 124.55 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 37.1% of the company's total OPEX,indicating that Umicoreis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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