Umicore's Sustainability and Financial Report
Glossary
The below definitions cover ESG-related Performance Measures
CO2 equivalent (CO2e): The universal unit of measurement to indicate the global
warming potential (GWP) of each of the six greenhouse gases, expressed in terms of the
GWP of one unit of carbon dioxide. It is used to evaluate releasing (or avoiding releasing)
different greenhouse gases against a common basis.
Energy consumption: the sum of indirect energy consumption (energy from purchased
electricity, steam, compressed air and heat) and direct energy consumption (energy from
fuel, gas oil, natural gas, LPG, coal, cokes, pet cokes etc.) at our sites. This includes also
self-generated energy, for which only the consumption of fuels is taken into consideration
to avoid double-counting. Energy that is sold to third parties is not included.
Greenhouse gas (GHG): GHGs are the six gases listed in the Kyoto Protocol: carbon
dioxide (CO2); methane (CH4); nitrous oxide (N2O); hydrofluorocarbons (HFCs);
perfluorocarbons (PFCs); and sulphur hexafluoride (SF6). See 'Kyoto Protocol'.
GHG emissions intensity: total scope 1+2 CO2e market-based emissions divided by the
total revenues excluding metals
Life Cycle Analysis (LCA): LCA measures the environmental impacts of each distinct
part involved in creating and using products and services, such as energy used in
production, fuel used in transport, and end-of-life ecological costs.
Science-Based Targets Initiative (SBTI): Organization that validates greenhouse gas
targets. Partnered with CDP, UN Global Compact, World Resources Institute, World
Wildlife Fund.
umicore
Scope 1 CO2e emissions: A reporting organization's direct GHG emissions.
Scope 2 CO2e emissions: A reporting organization's indirect GHG
emissions from the generation of purchased electricity, heating/cooling,
compresses air or steam.
Scope 3 CO2e emissions: A reporting organization's indirect emissions that
occur upstream and downstream in the value chain, including purchased
goods and services, business travel, employee commuting, waste disposal,
use of sold products, transportation and distribution (up- and downstream),
investments and leased assets and franchises
Scope 4 CO2e emissions: emission reductions which occur outside of a
product's lifecycle or value chain, but as a result of the use of the product.
Also referred to as "avoided emissions".
Sustainable Development Goals (SDG): The 17 Sustainable Development
Goals adopted by the United Nations on September 25 2015 build on the
Millennium Development Goals and aim at ending poverty, protecting the
planet, and ensuring prosperity for all as part of a new UN sustainable
development agenda. Each goal has specific targets to be achieved by 2030.
Task Force on Climate-related Financial Disclosure (TCFD):
Recommendations launched in 2017 to improve and increase reporting of
climate-related financial information. CDP's disclosure platform provides the
mechanism for reporting in line with the TCFD recommendations.
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