DSM

Royal DSM N.V.
File:Bijdrijfs Logo.svg
Quick Facts
Type	Public
sector	Chemistry
Headquarters (Benelux Organization)	Heerlen, Netherlands
Year of Origin	1902
Emissions (All Scopes)	13,2 Megatons of CO2 (2020)
Net Income	8,1 billion EUR (2020)
Key People	Geraldine Matchett (Co-CEO & CFO) Dmitri de Vreeze (Co-CEO & COO)
Subsidiaries	DSM has 89 associates and 4 joint ventures

Royal DSM N.V., stylized as DSM, was established in 1902 by the Dutch government to mine coal reserves in the Southern Province of Limburg. Nowadays, DSM is a science-based company specializing in Nutrition, Health and Bioscience. In 2020, DSM employed 23127 people Total GHG emissions were 1,2 million tonnes (scope 1 and 2). Energy efficiency improved by 5, 7 percent. DSM revenu was 8,1 billion euro’s in 2020. Net profit was 508 million, in contrast to 764 million in 2019. DSM rceived an A rating for their climate change strategy from CDP. DSM employees work at over 200 sites in almost 50 countries worldwide. Balance sheet value of DSM was 14,4 billion EUR in 2020. DSM shares are listed on Euronext Amsterdam. DSM is currently headquartered in Heerlen, Netherlands but will move to Maastricht, Netherlands at the end of 2023.

Company Structure

Koninklijke DSM N.V. (Royal DSM) is a company limited by shares listed on Euronext Amsterdam. It is managed by a Managing Board together with an Executive Committee and an independent Supervisory Board. Members of the Managing Board and the Supervisory Board are appointed (and, if necessary, dismissed) by the General Meeting of Shareholders. Owners of DSM shares are primarily USA, UK or European-based.

DSM is made out of the sectors nutrition, materials, innovation and corporate activities. DSM was founded by the Dutch government and has remained a Dutch company ever since, which is why it is headquartered in the Netherlands.

Board of Directors

Managing Board

Name	Function	Remuneration x1000 EUR
Geraldine Matchett	Co-CEO & CFO	2595
Dmitri de Vreeze	Co-CEO & COO	2639

Executive Committee

Executive Committee

Name	Function
Chris Goppelsroeder	President DSM Nutritional Products
Philip Eykerman	President DSM Food Specialties and Corporate Mergers & Acquisitions
Helen Mets	President Materials Cluster
Patricia Markeley	President DSM Innovation Center
Cristina Monteiro	President Group People & Organization

Supervisory Board

Supervisory Board

Name	Function	Remuneration x1000 EUR
Rob Routs	Chairman	128,75
Pauline van der Meer Mohr	Vice-chair	98,75
Eileen Kennedy	Member	98,75
Pradeep Pant	Member	96,75
Thomas Leysen	Member	53,21
Frits Dirk van Paaschen	Member	96,75
Erica Mann	Member	96,75
John Ramsay	Member	98,25

Accountant

The external auditor of DSM is KPMG.

Operations

DSM business groups are divided in Nutrition, Materials and Innovation Center. Nutrition comprises Animal Nutrition, Human Nutrition, Food and Beverage, and Care and Health. The Materials cluster comprises Engineering Materials and Protective Materials. DSM innovation center is a science-based research center focusing on long-term innovations outside the scope of current mainstream business. DSM specialises in fine chemistry and bioscience. DSM has royal status. DSM did not receive NOW-support during corona times.

Paris Agreement to Today

Scope 1 & 2 market-based GHG emissions improved by 25% compared tot he 2016 baseline. The year on year GHG efficiency improved 8,6% in 2020.

Current Policies and Emissions

DSM tries to decouple emissions from economic growth and is committed to reach NetZero GHG emissions across value chains by 2050. DSM wants to improve energy efficiency by at least 1 percent per year. Since 2019, business growth projects must be GHG-neutral or else be compensated within the same business.

DSM total emissions in all scopes over 2020 were 13,2 mton CO2. 1,24 mtonnes are in scope 1 and 2, 12 mton is in scope 3. The goal for scope 3 is an intensity reduction of 28% by 2030. DSM wants to improve energy efficiency by at least 1% annually until 2030. In 2020 energy efficiency has improved by 5,7%.

Scope 1 & 2 market-based GHG emissions improved by 25% compared to the 2016 baseline. Total scope 1& 2 emissions were 1,24 million tons CO2eq in 2020. This was an increase in comparison to 2019 due to inorganic growth and increased production volumes. The year on year GHG efficiency improved 8,6% in 2020. Scope 3 emissions rose in 2020 by 0,4 mton. This was due to increase in purchasing volume and a shift in more carbon-intense raw materials.

DSM improved performance in volatile organic compound (voc’s) to air emission by 74% in 2020

Climate Plans

DSM has the ambition to cut 30 percent of absolute emissions by 2030 (vs. 2016, scope 1 and 2) and reduce value chain emission per ton of product by 28 percent by 2030 (vs. 2016, scope 3). Scope 3 emissions amount up to 70 percent of DSM’s total emissions. DSM plans to do this by improving their operations, enable customers and partners to deliver sustainable solutions and advocate for the future they believe in Also, DSM plans to buy 75 of electricty from renewable sources by 2030 as well as implement an internal carbon price of 50 euro’s per tonne CO2. Through animal nutrition solutions DSM helps to reduce direct and indirect GHG emissions.

DSM wants to apply an internal carbon taks of 50EU/t CO2eq to key investments, acquisitions and in management reporting. DSM wants to purchase 75% of all its energy used by 2030 from renewable sources.

DSM commits to five drivers of circularity in order to reduce their scope 3 GHG emissions. * Reduce use of critical resources * Replace scarce, hazardous and potentially harmful resources * Extend the lifetime of products * design for recyclability * recover waste streams

DSM joined the Net-Zero Expert Advisory Group in 2020. DSM received an AAA score from MSCI Key targets of DSM are sciene-based and laid out in their Responsible Care Plan, which is integrated into their annual report.

DSM has set up a CO2REDUCE plan to tackle upstream emissions in the value chain. DSM recognises that only together with their partners they can reduce their scope 3 emissions, Currently, the CO2REDUCE plan includes alternative feedstock, sustainable products, supplier selection, energy efficiency, renewable energy, end-of-pipe solutions and circularity of the materials chain.

Conclusion

Beschrijving of de plannen in lijn zijn met 'Parijs'

Bedrijfsspecifieke Passage in 'de brief'

U heeft uw duurzaamheidsbeleid vastgelegd in uw jaarverslag over 2020, in uw duurzaamheidsrapport purpose-led, performance driven en in het duurzaamheidsgedeelte op uw website.

Wij constateren dat uw ambitie is per 2050 klimaatneutraal te zijn, per 2030 een absolute emissiereductie te behalen van 30% in scope 1 & 2 en een relatieve emissiereductie van 28% in scope 3 ten opzichte van uw emissies in 2016. Uw wilt deze doelen behalen door per 2030 tenminste 75% van uw energie uit hernieuwbare bronnen te halen en een interne carbon price te hanteren.

U wilt deze doelen behalen door interne processen te verbeteren, klanten en partners in staat te stellen duurzame oplossingen door te voeren en een voortrekker te zijn in het uitdragen van een wereldbeeld dat hoort bij een duurzaam bedrijf. U noemt in uw duurzaamheidsbeleid meerdere voorbeelden hiervan.

Wij willen benadrukken dat uw ambities en uitgangspunten een stap in de goede richting zijn. Echter missen we een concrete uitwerking hoe deze doelen in absolute zin behaald gaan worden. Daarnaast ontbreekt een onderbouwing voor het doel van klimaatneutraliteit in 2050.

Het gemis van een concrete uitwerking van de plannen doet afbreuk aan de geloofwaardigheid en is daarmee een tekortkoming.

Bij een continuering van uw huidige emissiecijfers draagt uw bedrijf bij aan gevaarlijke klimaatverandering en loopt u het materiële risico om mensenrechtenschendingen te veroorzaken.