"Sustainability" is a buzzword. More and more companies are integrating it into their business plan. This seems to be a good development, but it does not say anything about whether the sustainability ambitions are actually realized. Words are not always translated into action. However, there are inspiring examples of companies that do well. Meet 'the most sustainable company in the world': Umicore!
At Corporate Knights Inc they must have thought: ‘to measure is to know’. Since 2005, each year they execute a comprehensive 'sustainability assessment'. Following this in-depth analysis it becomes clear which companies in the world can claim the title "clean capitalism”. During the World Economic Forum in Davos on 23 January last the latest sustainability champion was announced: the company Umicore with headquarters in Belgium, was honoured. Umicore was named most sustainable company in the world in the Global 100 Most Sustainable Corporations index.
Umicore is a materials technology company, which produces highly efficient solar cells for instance. The biggest plant of Umicore in Hoboken, Belgium, is a leading member of EFQM community and uses the EFQM Excellence Model to manage the plant.
Sustainability is an integrated part of their business model and not an artificial add-on. The rationale: early anticipation of the expected shortage in precious metals. Already some years ago, based on a comprehensive analysis of the commodity market the Umicore Vision 2015 was designed. At the core of this vision lies taking responsibility towards people, the planet and society at large. Some attention points are:
The EFQM Excellence Model is deeply rooted at Umicore in Hoboken. By responding to future developments in time and using the EFQM Model as their management model, they have shown that users of the EFQM Model are indeed able to achieve sustainable excellence. As I believe that truly excellent organisations will make the world a better place, I am Umicore very grateful for this!
New opportunities with the Internet of ThingsPosted June 08, 2016 in Step 7: sustainable excellence
Robotics, 3D printing and the Internet of ThingsPosted June 01, 2016 in Step 7: sustainable excellence
Sustainability reporting has a futurePosted May 11, 2016 in Step 7: sustainable excellence
Conflicting interests and unwanted side-effectsPosted April 13, 2016 in Step 7: sustainable excellence
Sustainability reporting with E P&LPosted January 20, 2016 in Step 7: sustainable excellence