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
2000-2020
Type Published Sources
Copyright ©IMD 2022
Language English
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Reference: IMD-7-2255

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