Forging ahead with sustainability
At Corbion, sustainability is all about aligning our business to meet the defining societal needs of our time, from health 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, working to reduce the environmental impact in areas like waste, water, and energy.
In 2015 we have complemented our “Disciplined Value Creation” strategy with a sustainability framework, which outlines our key sustainability priorities and ambitions. This framework is based on extensive discussions with internal and external stakeholders and a materiality assessment.
Employee engagement forms the core of our sustainability framework as our employees are our most important asset and motivated employees, proud to work for Corbion, are critical to achieve our overall strategy and to advance sustainability. Our key initiatives are responsible sourcing, resource-efficient operations, and sustainable solutions, covering our entire value chain. Innovation, transparency and stakeholder engagement are critical enablers ensuring that we make visible progress on the key initiatives and that these initiatives continue to be aligned with stakeholder expectations.
For each of these topics, we have formulated ambitions and identified success factors that are critical to realizing them. The progress we make on these determines the extent to which we achieve our ambitions. In 2016, we will continue working on the implementation and define KPIs and targets to measure our progress.
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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