Royal DSM, has published its 2020 Integrated Annual Report (IAR), published in digital-only format for the first time.
Related: DSM Increases Price for Polyamide 6 and 66 Compounds in EMEA
The report offers all DSM’s stakeholders detailed insights into the company’s progress in implementing its strategies.
It includes business developments, financial results, environmental and social performance, as well as insights into its corporate governance and how DSM is supporting the Sustainable Development Goals (SDGs).
Key highlights include:
People
-
DSM offered all employees and their families immunity-optimizing supplements.
-
Improvement on the company’s Safety Frequency Recordable Index to 0.24.
-
Increased Employee Engagement Index rating to 76%, up 2%.
-
Continued and broadened the company's inclusion and diversity journey with five pillars on gender, generations, disability, LGBTQ+ and race, ethnicity and national identity.
Planet
-
Improving DSM’s environmental footprint with:
-
An estimated cumulative structural improvement in absolute greenhouse gas reduction from operations of about 18%.
-
An energy efficiency improvement of 5.7%.
-
The sourcing of 60% of all purchased electricity from renewable resources, on course to achieve DSM’s interim target of 75% by 2030 in pursuit of 100%.
-
Continued engagement with key suppliers to reduce and report greenhouse gas emissions related to products supplied to DSM under the company’s CO2REDUCE program.
-
-
Enabled customers to deliver more sustainable solutions to their end consumers.
-
Joined the Science Based Targets Initiative’s Net-Zero Expert Advisory Group
On the hunt for a position in fragrance? Fabric & Home care is hiring product designers! More details here.
Profit
-
Nutrition saw an Organic Growth of 6% and an Adjusted EBITDA growth of 7%, and a strong recovery in Materials in the fourth quarter of the year.
-
Realized an Adjusted Net Operating Free Cash Flow from continuing and discontinued operations of €955 million, up 19%.
-
Completed in the year two strategic acquisitions in nutrition: Glycom and Erber.
-
Announced the future divestment of resins and functional materials and associated businesses to Covestro.
Recognition
-
DSM holds a platinum sustainability medal from EcoVadis.
-
Received an A rating for its climate change strategy and an A- rating for its water stewardship from CDP.
Transparency
-
63% of DSM sales (including resins) came from Brighter Living Solutions.
-
KPMG provided a reasonable assurance opinion (highest level) on the sustainability information contained in the 2020 IAR.
-
Next steps in financial transparency on climate risks and opportunities by further disclosing against the TCFD (Taskforce Climate-related Financial Disclosures) recommendations.
Want to know everything going on in flavor & fragrance? Sign up for P&F+'s newsletter. You can also follow along on Instagram and LinkedIn.
