Corbion recognized for leadership in corporate sustainability by CDP

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Overig advies 17/12/2021 07:04
Corbion has been recognized for leadership in corporate sustainability by global environmental non-profit CDP. Corbion was recognized for its actions to cut emissions, mitigate climate and water risks and for strengthening its forest-related policies, based on the data reported by the company through CDP’s 2021 climate change, water and forest questionnaires. Within our sector, we are amongst 21% of companies that reached Leadership level on Climate change, demonstrating that we are implementing current best practices.

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 13,000 responded – an all time record. The consensus on what qualifies as climate leadership has evolved and CDP is raising the bar. In the coming years, CDP will develop its scoring methods to increase its focus on tracking against scientific benchmarks and pathways reflecting companies’ historic, current and projected impacts; product portfolios; and investment and transition plans.

Olivier Rigaud, CEO of Corbion, said: "At Corbion our purpose is to preserve what matters and we exist to champion preservation in all its forms, preserving food, health, and our planet. We are proud our efforts are recognized by CDP. This year we raised our scores on Water and Forests to B, our overall Climate score fell slightly from A to A-. This signals that to become - but more importantly: to stay - a sustainable frontrunner is not simply a journey of linear progression, but one of continuous improvement. A journey we are fully engaged with, as shown by our commitment to achieve net-zero value chain emissions by 2050 and to raise the ambition level of our Science-based target, which we will announce in the course of 2022."

The full list of publicly available company scores is available here: https://www.cdp.net/en/companies/companies-scores

And
Chemical producer Corbion proves that it’s possible to get an A in ChemScore.
ollowing the release of our sustainability ranking – ChemScore – which scores the largest chemical companies in the world on how well they are reducing their toxic footprint, it’s apparent that even the top performers have a long way to go to reach the maximum score of 48 points.

After scoring, we translate the numbers into a letter grade to visualize the companies’ performance. ChemScore’s top three companies receive either B (29–32 points) or B minus (25–28 points), which is obviously a far cry from the best possible grade: A plus (45–48 points).

This begs the question: Have we made the ranking system too tough? Is it impossible for chemical companies to score better?

Some of the ranked companies certainly think so. And since many of them get top grades in other sustainability rankings, these questions are arguably not unfounded.

The answer to both of them, however, is no.

Some time ago we were contacted by Corbion, a Dutch biochemicals company headquartered in Amsterdam, with production sites all over the globe. Although a very large company (985 million euro revenue in 2020), its revenue isn’t among the world’s 50 largest chemical companies, which is the selection criteria we use for inclusion in ChemScore. Corbion is therefore not included in the ranking.

But the people at Corbion provided us with their self-evaluation according to the ChemScore criteria, and our verification confirmed that the company scored 43 points, which equals an A (41–44 points). That’s 14 points (!) more than the top-scoring company in ChemScore.

How is this possible?

First of all, it’s worth noting Corbion’s business model is a bit like a wholefood market, where the idea right from the start is to sell organic food.

Similarly, Corbion’s product portfolio doesn’t rely on any hazardous chemicals.

The company produces and sells lactic acid and its derivatives, and is a supplier of emulsifiers, functional enzyme blends, minerals, vitamins, and algae ingredients. It produces solutions for markets such as food, home & personal care, animal nutrition, pharmaceuticals, medical devices, and bioplastics.

Since the product portfolio is non-toxic and Corbion is transparent about its global production, the company receives the maximum score, 18, in the Product Portfolio category.

Generally speaking, Corbion has implemented the Green Chemistry principles in its operations and R&D, and performs annual assessments of potential risks related to its raw materials and suppliers. This process includes a SIN List check.

When it comes to innovations, the assessment also includes a SIN List check to prevent the inclusion of problematic chemicals in any new product that is being developed.

Everything mentioned here is also stated in Corbion’s annual report, publicly available for anyone to verify.

But even a company like Corbion can improve. ChemSec would like to see the company’s safety data sheets publicly available. To improve circularity, we would like to see the use of recycled feedstock and designing out of waste from the production processes, as a start.

Innovation solutions, like a take-back scheme for depleted solvents, or products that enable their clients to become more circular, should also be on the agenda.

“Corporations with ten to a hundred times the revenue of Corbion’s have an even greater responsibility of making chemical safety and transparency a priority”

Sonja Haider, ChemSec’s Senior Business and Investors Advisor, shares her thoughts on Corbion’s evaluation:

“Corbion shows that a chemical business without hazardous substances is not an unattainable dream, but a realistic aspiration. The chemical producers ranked in ChemScore might argue that this approach cannot be upscaled to fit companies of their sizes and portfolios. To that we say that corporations with ten to a hundred times the revenue of Corbion’s have an even greater responsibility of making chemical safety and transparency a priority.”

Transacties in aandelen Corbion
d.d. prijs 17.30.00 uur omzet aantal transacties idem na 17.35.00 uur en later.
20 dec. EUR 38,60. 29.416 433. EUR. 38.54. 52.427. 524. 17.35.10
21 dec. EUR 39,40. 40.296. 476. EUR. 39,50. 85.995. 600. 17.35.09
22 dec. EUR 40,10. 30.300* 500*. EUR 40,02. 49.241. 593. 17.36.35
* zie wat een mooie getallen combinaties
23 dec. EUR 40,00. 10.146. 165. EUR 40.00. 16.221 219. 17.35.03

Transacties in aandelen Corbion
d.d. prijs 17.30.00 uur omzet aantal transacties idem na 17.35.00 uur en later.
27. dec. EUR 40,34. 31.362. 405. EUR. 40.46. 42.395. 461. 17.35.40
Om 17.27.00 EUR 40,42 vol. 31.200 een mooie totaal door algoritmische systemen samen gebracht.
28 dec. EUR 40,70. 9.556*. 204. EUR. 40,84. 16.034* 265. 17.36.25
* ziet U het verschil in de 5 spookminuten.
29 dec. EUR 41,22. 31.127. 470. EUR 41.24. 43.447. 544. 17.35.13
30 dec. EUR 41,54. 14.142* 309. EUR 41,68. 28.652* 385 17.36.58
* het dubbel ban de dagomzet tot 17.30 uur

Transacties in aandelen Corbion. 2022
d.d. prijs 17.30.00 uur omzet aantal transacties idem na 17.35.00 uur en later.
3. jan. EUR 40,26. 73.873. 1.153. EUR 40,38. 103.368. 1.243. 17.35.16
gemiddelde order grootte 83,16 sts.
4 jan. EUR 41,34. 97.614. 1.177. EUR 41,50. 121.767. 1.276. 17.35.28
5 jan. EUR 41,96. 76.462. 928. EUR 42,00. 102.981. 1.007. 17.35.28
6 jan. EUR 40,98. 68.452. 823. EUR 41,00. 90.706. 910. 17.35.51
7 jan. EUR 41,38. 29.021* 581. EUR 41,20. 59.005* 659. 17.35.14
*Ziet U 't, in de 5 spookminuten meer dan de dag omzet. Hier is geen "nette handel" gaande.

Transacties in aandelen Corbion. 2022
d.d. prijs 17.30.00 uur omzet aantal transacties idem na 17.35.00 uur en later.
10 jan. EUR 39,72. 53.458* 818. EUR 39,74. 118.131* 902 17.35.22
Ziet U het verschil ca. 65.000 sts in de 5 spookminuten.
11 jan. EUR 39,50. 92.784. 1.258. EUR 39,48. 127.079. 1.354 17.35.19

tijd 10.56 CorbionManipuleren, zo werkt 't
Corbion EUR 39,20 -0,28ct -0,71% 39,40 39,16 39,56 EUR 39,48 per 11/1/22 aantal
4.000
12 jan EUR 39,18. 22.116. 382. EUR 39,12. 30.895. 455 17.35.27
13 jan EUR 39,16. 29.588. 493. EUR 39,32. 44.907. 594 17.35.06
14 jan EUR 38,46. 33.241. 663. EUR 38,14. 75.209. 785. 17.35.54



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