Creating a better world together
At Corbion, sustainability is all about aligning our business to meet the defining societal needs of our time, from food security to resource depletion to population growth. Sustainability is at the heart of what we do - and we demonstrate it every day across our entire value chain.
Our sustainability framework outlines our sustainability priorities and ambitions. It covers the most important material aspects that are relevant within our value chain. Our key sustainability initiatives are responsible sourcing, resource-efficient operations, and sustainable solutions.
• Our responsible sourcing initiative aims to create a sustainable supply chain for our agricultural raw materials, taking into account social, environmental, and governance practices of our suppliers.
• Our zero waste ambition for our own operations implies the efficient use of these raw materials, as well as energy and water, to minimize wastage and maximize the value obtained from these resources.
• Our sustainable solutions enable our customers to reduce their environmental footprint and support the transition to a more circular economy as a society. We asses these solutions, in order to credibly demonstrate their positive impact on people and planet.
Innovation, transparency, and stakeholder engagement are critical enablers ensuring that we make visible progress on our key initiatives and that these initiatives continue to be aligned with stakeholder expectations. Last but not least, engaged employees are essential to make it happen.
For our key initiatives, we have formulated ambitions and identified success factors that are critical to realizing them. We measure our progress through several KPIs and have defined targets for each initiative.
The foundation of our updated sustainability strategy is the materiality matrix, which we use to set priorities and ensure that we take a focused approach. A materiality analysis is about the identification of key issues that are important to our stakeholders and our strategy. The materiality matrix visualizes the results of this analysis, by plotting the relevant social, environmental, governance and economic issues as a function of their importance to stakeholders (vertical axis) and Corbion’s strategy (horizontal axis).
Combined with our internal assessment of the importance of the issues to our strategy, this resulted in the identification of six material themes, which are the six themes in the upper right quadrant of the matrix. These six themes have a high impact on our strategy and are considered important by all of our key stakeholders.
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