Ref: IMD-7-2255

Case study

Reference: IMD-7-2255

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Umicore: From laggard to sustainability champion

Knut Haanaes

By Professor Knut HaanaesKnut Haanaes and Jules Wurlod

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.

Learning Objective

  • Sustainability transformation
Keywords Business Transformation, Clean Mobility, Climate Action, Industry Infrastructure, Industry Innovation, Recycling, Responsible Consumption, Responsible Production, Sustainability, Technological Innovation, Transformation
Settings Belgium
Umicore, Metals and Mining
Type Published Sources
Copyright ©IMD 2022
Language English
Order this case study

Reference: IMD-7-2255

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