Subject category:
Ethics and Social Responsibility
Published by:
International Institute for Management Development (IMD)
Version: 29.04.2022
Length: 3 pages
Data source: Published sources
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https://casecent.re/p/184073
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Abstract
At the turn of the century, Umicore was a mining company far from being sustainable - a business of extracting finite resources from the ground combined with high CO2 intensity. Today, Umicore pivoted to take the wind from behind: it became a truly innovative technology firm operating at the frontier of metallurgy, chemistry and materials science, leader in clean mobility and recycling, which together represent more than 75% of its revenue. Umicore transitioned from being a sustainability laggard, exposed and with limited long-term growth prospects to a true sustainability champion, a front-runner in the mining and materials industry paving the way to reinvent the way we use finite resources.
Time period
The events covered by this case took place in 2000-2020.Geographical setting
Region:
World/global
Country:
Belgium
Featured company
Umicore
Employees:
10000+
Turnover:
EUR 15 billion
Industry:
Materials: metals and mining
About
Abstract
At the turn of the century, Umicore was a mining company far from being sustainable - a business of extracting finite resources from the ground combined with high CO2 intensity. Today, Umicore pivoted to take the wind from behind: it became a truly innovative technology firm operating at the frontier of metallurgy, chemistry and materials science, leader in clean mobility and recycling, which together represent more than 75% of its revenue. Umicore transitioned from being a sustainability laggard, exposed and with limited long-term growth prospects to a true sustainability champion, a front-runner in the mining and materials industry paving the way to reinvent the way we use finite resources.
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Time period
The events covered by this case took place in 2000-2020.Geographical setting
Region:
World/global
Country:
Belgium
Featured company
Umicore
Employees:
10000+
Turnover:
EUR 15 billion
Industry:
Materials: metals and mining