DSM

From Bedrijven
Jump to navigation Jump to search
Royal DSM N.V.
Bedrijf Logo
Quick Facts
TypePublic
sectorChemistry
Headquarters (Benelux Organization)Heerlen, Netherlands
Year of Origin1902
Emissions (All Scopes)13,2 Megatons of CO2 (2020)
Total RevenueXXX
Stock ExchangeXXX
Key People
  • Geraldine Matchett (Co-CEO & CFO)
  • Dmitri de Vreeze (Co-CEO & COO)
Number of EmployeesXXX
SubsidiariesDSM has 89 associates and 4 joint ventures [1]

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. [2] Nowadays, DSM is a science-based company specializing in Nutrition, Health and Bioscience. [3] In 2020, DSM employed 23127 people [4] Total GHG emissions were 1,2 million tonnes (scope 1 and 2). Energy efficiency improved by 5, 7 percent. [5] DSM revenu was 8,1 billion euro’s in 2020. [6] Net profit was 508 million, in contrast to 764 million in 2019. [7] DSM rceived an A rating for their climate change strategy from CDP. [8] DSM employees work at over 200 sites in almost 50 countries worldwide. [9] Balance sheet value of DSM was 14,4 billion EUR in 2020. [10] DSM shares are listed on Euronext Amsterdam. [11] DSM is currently headquartered in Heerlen, Netherlands but will move to Maastricht, Netherlands at the end of 2023. [12]

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. [13] Owners of DSM shares are primarily USA, UK or European-based. [14]

DSM is made out of the sectors nutrition, materials, innovation and corporate activities. [15] 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 [16]
Name Function Remuneration x1000 EUR
Geraldine Matchett Co-CEO & CFO 2595
Dmitri de Vreeze Co-CEO & COO 2639

Executive Committee

Executive Committee [17]
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 [18]
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. [19]

Main Activities

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. [20] DSM innovation center is a science-based research center focusing on long-term innovations outside the scope of current mainstream business. [21] DSM specialises in fine chemistry and bioscience.

Government

DSM has royal status. [22] DSM did not receive NOW-support during corona times. [23]

Paris Agreement to Today

Scope 1 & 2 market-based GHG emissions improved by 25% compared to the 2016 baseline. [24] The year on year GHG efficiency improved 8,6% in 2020. [25]

Financial Results since 2015

This tabel is meant to indicate that the companies have plenty of money to make their company more sustainable. Clearly distinguish between Dutch data and international data.

Financial situation
Year Revenue Profit Dividend
2015 XXX Billion EUR XXX EUR XXX EUR
2016 XXX Billion EUR XXX EUR XXX EUR
2017 XXX Billion EUR XXX EUR XXX EUR
2018 XXX Billion EUR XXX EUR XXX EUR
2019 XXX Billion EUR XXX EUR XXX EUR
2020 XXX Billion EUR XXX EUR XXX EUR
2021 XXX Billion EUR XXX EUR XXX EUR

Scandals and controversies

Any dirt on the companies can be added here.

Current Emissions

DSM tries to decouple emissions from economic growth and is committed to reach NetZero GHG emissions across value chains by 2050. [26] DSM wants to improve energy efficiency by at least 1 percent per year. [27] Since 2019, business growth projects must be GHG-neutral or else be compensated within the same business. [28]

DSM total emissions in all scopes over 2020 were 13,2 mton CO2. [29] 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. [30] DSM wants to improve energy efficiency by at least 1% annually until 2030. In 2020 energy efficiency has improved by 5,7%. [31]

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. [32] 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. [33]

DSM improved performance in volatile organic compound (voc’s) to air emission by 74% in 2020 [34]

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). [35] Scope 3 emissions amount up to 70 percent of DSM’s total emissions. [36] 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 [37] 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. [38] Through animal nutrition solutions DSM helps to reduce direct and indirect GHG emissions. [39]

DSM wants to apply an internal carbon taks of 50EU/t CO2eq to key investments, acquisitions and in management reporting. [40] DSM wants to purchase 75% of all its energy used by 2030 from renewable sources. [41]

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 [42]

DSM joined the Net-Zero Expert Advisory Group in 2020. [43] DSM received an AAA score from MSCI [44] Key targets of DSM are sciene-based and laid out in their Responsible Care Plan, which is integrated into their annual report. [45]

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. [46]

Conclusion

DSM is a dutch bio-chemical company specialising in health, nutrition and bioscience. DSM makes a profit of over 500 million euro’s yearly. Remuneration of top management is fairly higher than companies with similar revenu and profit numbers. The majority of emissions from DSM are in scope 3. DSM is invested in reducing emission numbers and has made notable progress in scope 1 & 2. DSM is commited to the targets in the Paris Agreement of 2015.

References

  1. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 227
  2. ↑ https://www.dsm.com/corporate/about/our-purpose/heritage.html
  3. ↑ https://www.dsm.com/corporate/our-company/our-purpose.html
  4. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 4
  5. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html
  6. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 200
  7. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 4
  8. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 6
  9. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 42
  10. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 88
  11. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 120
  12. ↑ https://www.dsm.com/corporate/news/news-archive/2021/2021-07-15-dsm-global-head-office-to-move-to-maastricht-the-netherlands.html
  13. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 120
  14. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 172
  15. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html
  16. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 162
  17. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 163
  18. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 169
  19. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 278
  20. ↑ https://www.dsm.com/corporate/our-businesses.html#innovation-center
  21. ↑ https://www.dsm.com/corporate/science-innovation/unique-approach.html
  22. ↑ https://www.koninklijkhuis.nl/onderwerpen/onderscheidingen/predicaat-koninklijk/overzicht-predicaat-koninklijk
  23. ↑ https://now-inzichtelijk.nl/
  24. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 71
  25. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 71
  26. ↑ https://www.dsm.com/content/dam/dsm/corporate/en_US/documents/dsm-sustainability-introduction.pdf p. 30
  27. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 9
  28. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 71
  29. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 44
  30. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 70
  31. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 24
  32. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 71
  33. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 74
  34. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 76
  35. ↑ https://www.dsm.com/content/dam/dsm/corporate/en_US/documents/dsm-sustainability-introduction.pdf p. 29
  36. ↑ https://www.dsm.com/content/dam/dsm/corporate/en_US/documents/dsm-sustainability-introduction.pdf p. 31
  37. ↑ https://www.dsm.com/content/dam/dsm/corporate/en_US/documents/dsm-sustainability-introduction.pdf p. 13
  38. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 10
  39. ↑ https://www.dsm.com/content/dam/dsm/corporate/en_US/documents/dsm-sustainability-introduction.pdf p. 29
  40. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 10
  41. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 24
  42. ↑ https://www.dsm.com/content/dam/dsm/corporate/en_US/documents/dsm-sustainability-introduction.pdf p. 37
  43. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 50
  44. ↑ https://annualreport.dsm.com/ar2020/services/downloads.html p. 55
  45. ↑ https://annualreport.dsm.com/ar2020/report-by-the-managing-board/planet/responsible-care-plan.html
  46. ↑ https://www.dsm.com/suppliers/en_US/sustainability/reducing-our-carbon-footprint.html
Retrieved from "https://bedrijven.milieudefensie.nl/index.php?title=DSM&oldid=1237"