Royal DSM reduces greenhouse gas emissions by 33% in 2018

During 2018, 41 per cent of the electricity was purchased from renewable sources, stated the Integrated Annual Report of Royal DSM.

In the report, the company's purpose-led, performance-driven Strategy 2021 has addressed key megatrends and reinforces the company’s engagement with the United Nations Sustainable Development Goals (SDGs) through its focus domains of nutrition & health, climate & energy, and resources & circularity

The report has demonstrated DSM’s consistent progress as a growth company with ambitious business and sustainability efforts that creates value for all its stakeholders. DSM outperformed its financial targets and delivered strong organic growth in all businesses, with greatly improved operational and financial performance (6 per cent organic topline growth, as well as EBITDA growth, even 10 per cent at constant currencies for the underlying business), also resulting in a 100bps increase of ROCE for the underlying business for the group.

In 2018, there was consistent increase in the gender diversity of the company’s executive population (from 17 to 19 per cent female, and now 3 out of 7 executive committee members being female), improvement of its employee engagement (from 75 per cent to all time high of 76 per cent), and delivery on its under-represented nationalities target (60 per cent) ahead of schedule.

"For DSM, 2018 was a very successful year in almost every way. The hard work and engagement of our employees delivered very strong results of which we can all be justly proud. Financially, we delivered well ahead of our strategic targets, creating significant value in all our businesses. In sustainability we outperformed our aspirations. Although, our safety performance needs to further improve, our people feel more inspired, engaged and committed than ever. We are well placed to move forward and to deliver on our 2021 strategic targets, to drive continued above-market organic growth and deliver further improvements in profitability, returns and sustainability," Feike Sijbesma, CEO and chairman DSM managing board, said. (RR)

Fibre2Fashion News Desk – India