Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate & Nature
• People & Communities
• Integrity & Governance

Environmental Achievements

• Reduced water consumption by 70% in Dawn Technology
• Developed PEF, a 100% plant-based, 100% recyclable plastic with superior performance properties compared to PET.
• Ray Technology reduces CO2 equivalent by around 70% versus traditional production of fossil-based MEG

Social Achievements

• Launched vitality program focusing on employee well-being and work-life balance.
• Avantium Mobility Plan encouraging public transport and bicycle use.
• Opened laboratories to students, showcasing sustainable materials and demonstrating how the company works to advance new technologies for a more sustainable future.

Governance Achievements

• Published a Code of Good Business Conduct, Whistleblower Policy, and Bilateral Contacts Policy.
• Established a ‘Team for Green’ to drive internal sustainability initiatives.
• Embedded sustainability performance in employees’ annual appraisals and Board responsibilities

Climate Goals & Targets

Environmental Challenges

• Scaling up technologies to commercial and industrial scale.
• Achieving ambitious recycling targets.
• Creating a more supportive policy framework for a fossil-free world.

Mitigation Strategies

• Building a flagship plant for FDCA and PEF production (planned 2023 startup).
• Developing PEF with high recyclability and biodegradability.
• Increasing advocacy efforts towards a fossil-free world in regulatory, civil society, and industry fora.

Supply Chain Management

Responsible Procurement

• Publish a sustainable sourcing policy and roll it out to our suppliers

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and processes

Sustainable Products & Innovation

• PEF
• Plant-based MEG

Environmental Metrics

ESG Focus Areas

• Climate change
• Circularity
• Safety
• Diversity & Inclusion

Environmental Achievements

• Successfully commissioned and became fully operational Ray Technology™ demonstration plant, proving that the technology works at scale. This is estimated to generate around 70% less CO2 than traditional fossil production methods.
• Achieved progress on the engineering and scale-up of PEF applications with partners.
• Licensing of Avantium’s humin technology to Kebony for use in their durable wood processes.

Social Achievements

• Implemented new safety measures to protect employees during the COVID-19 pandemic, encouraging remote working.
• Maintained operations safely at plants and laboratories throughout 2020.
• Launched a new social intranet (YIP) to improve employee connectivity during remote work.

Governance Achievements

• Welcomed three new Supervisory Board members in 2020, bringing valuable commercial, engineering, and technology expertise.
• Welcomed a new CFO, Bart Welten.
• Launched Chain Reaction 2030, a sustainability plan with ambitious targets for 2030 and a fossil-free chemical industry by 2050.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted negotiations with partners, delaying objectives in Renewable Polymers (FID for FDCA flagship plant) and Catalysis (installation and maintenance of Flowrence® systems).
• Global travel restrictions affected the Catalysis business unit.
• Turmoil in the oil industry impacted customers, resulting in cost reductions and delayed purchasing decisions.

Mitigation Strategies

• Implemented stringent hygiene and safety measures in offices, laboratories, and plants.
• Encouraged remote working where possible.
• Limited capital expenditure and operating costs.
• Continued development and improvement programs internally.

Supply Chain Management

Responsible Procurement

• Commitment to responsible and sustainable supply chain; commitment to not licensing products to companies that cannot guarantee sustainable sourcing of raw materials.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products; plantMEG is a far more sustainable alternative than fossil-derived MEG.

UN Sustainable Development Goals

• SDG 3: Good Health and Well-being
• SDG 4: Quality Education
• SDG 5: Gender Equality
• SDG 7: Affordable and Clean Energy
• SDG 8: Decent Work and Economic Growth
• SDG 9: Industry, Innovation and Infrastructure
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action
• SDG 15: Life on Land
• SDG 17: Partnerships for the Goals

Avantium’s initiatives contribute to these goals through its focus on renewable chemistry, safety, diversity, emissions reduction, sustainable feedstocks, circular economy, and partnerships.

Sustainable Products & Innovation

• PEF (polyethylene furanoate), plantMEG™ (mono-ethylene glycol)

Awards & Recognition

• Avantium voted 25th best place in the world to work in the advanced bioeconomy (Biofuels Digest).

Environmental Metrics

ESG Focus Areas

• Environmental Impact of Our Technologies
• Greenhouse Gas Emissions of Our Operations
• Circularity
• Sustainable Feedstocks
• Occupational Health & Safety
• Health & Well-Being
• Talent Attraction & Retention
• Climate Advocacy
• Stakeholder Engagement
• Corporate Partnerships
• IP & Data Protection
• Diversity & Inclusion
• Hazardous Materials Management
• Next Generation of Scientists
• Climate-Related Regulation
• Non-Hazardous Waste Management
• Product Stewardship

Environmental Achievements

• Successfully produced polyesters using plantMEG™ from its Ray Technology™ demonstration plant.
• Constructed the world’s first test road using bio-asphalt with lignin produced in the Netherlands.
• Achieved a significant reduction in greenhouse gas (GHG) emissions of around 35% over the life cycle of PEF bottles compared to PET bottles (LCA).
• Ray Technology can produce plantMEG with 56–83% fewer CO2 emissions than traditional fossil-based methods (LCA).

Social Achievements

• Launched Chain Reaction 2030, a sustainability plan with 10 ambitious targets to be achieved by 2030.
• Successfully raised €28 million through an accelerated bookbuild offering.
• Awarded a total of €1.78 million in EU grants for the development of electrochemical processes and CO2-based polymers.
• Appointed Bas Blom as Managing Director of Avantium Renewable Polymers and Nils Björkman to the Supervisory Board.

Governance Achievements

• Shareholders adopted all resolutions at the 2021 Annual General Meeting.
• Completed REACH registration for FDCA up to the tonnage band of 1000 ton/year.
• Completed the polymer exemption of PEF in Korea.
• Developed a Supplier Code incorporating standards on compliance with national and international regulation and respect for human rights and labor standards.

Climate Goals & Targets

Environmental Challenges

• COVID-19 travel restrictions hampered installations, maintenance, and upgrades of Flowrence® systems.
• Supply chain disruptions affected Avantium Catalysis.
• Accident at the Ray Technology demonstration plant.
• Securing sufficient financing for the FDCA Flagship Plant.

Mitigation Strategies

• Successfully completed the first-ever remote installation and commissioning of a Flowrence unit.
• Managed supply chain disruptions without major impact on operations.
• Halted Ray Technology operations, carried out investigations, and implemented changes to safety procedures.
• Secured €192.5 million in funding for the Flagship Plant from grants, equity, and bank loans.

Supply Chain Management

Responsible Procurement

• Developing a Supplier Code incorporating standards on compliance with national and international regulation and respect for human rights and labor standards.

Climate-Related Risks & Opportunities

Opportunities

• Increased demand for alternative renewable materials.

Reporting Standards

Frameworks Used: GRI Standards, SASB, UN Sustainable Development Goals (SDGs)

Certifications: ISO 45001 (target for all plants by 2023)

UN Sustainable Development Goals

• Goal 7
• Goal 9
• Goal 12
• Goal 13
• Goal 15
• Goal 17

Avantium's initiatives contribute to these goals through renewable technologies, sustainable feedstocks, waste reduction, GHG emission reduction, and partnerships.

Sustainable Products & Innovation

• PEF (polyethylene furanoate)
• plantMEG™ (mono-ethylene glycol)
• plantMPG™ (mono-propylene glycol)

Environmental Metrics

ESG Focus Areas

• Sustainability
• Circular Economy
• CO2 Reduction
• Renewable Resources

Environmental Achievements

• Developing PEF, a 100% plant-based, recyclable, and degradable plastic with a 50-70% lower carbon footprint than PET.
• Developing plantMEG™, a sustainable alternative to fossil-based MEG, significantly reducing CO2 emissions.

Social Achievements

• Partnerships with industry leaders and brand owners to promote sustainable solutions.
• Published Sustainability Plan ‘Chain Reaction 2030’ with a goal to achieve a fossil-free chemical industry by 2050.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Securing funding for the FDCA flagship plant.
• Scaling up production of plantMEG™ and FDCA.

Mitigation Strategies

• Securing offtake commitments for over 50% of the flagship plant's FDCA production capacity.
• Partnerships with Worley and Groningen Consortium for engineering and funding.
• Joint venture with Cosun Beet Company for plantMEG™ commercial plant.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Strategic supply contract for high fructose syrup as feedstock for FDCA flagship plant.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

Avantium's technologies contribute to these goals by promoting renewable resources, reducing CO2 emissions, and fostering sustainable production practices.

Sustainable Products & Innovation

• PEF
• plantMEG™

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy

Environmental Achievements

• Reduced greenhouse gas emissions by 33-37% in PEF bottles compared to PET bottles, depending on the bottle design (monolayer or multilayer).

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Current energy mix in the Netherlands contains a low percentage of renewable energy.
• Initially, PEF will end up in an open-loop recycling stream with relatively low recycling rates.

Mitigation Strategies

• Foreseen use of renewable heat and electricity in the future.
• Energy optimization work to reduce energy consumption in FDCA plant.
• Sufficient market growth to enable a closed-loop material recycling stream with high efficiencies.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: ISO 14040/44

Certifications: ISO

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• PEF (polyethylene furanoate) bottles

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy
• Sustainable Feedstock
• Diversity & Inclusion
• Safety
• Employee Wellbeing

Environmental Achievements

• Developing technologies to deliver 1.5 million tonnes of CO2 savings across the chemical industry by 2030.
• Aiming for net-zero carbon emissions from own operations by 2030.
• Aiming for zero non-hazardous waste to incineration and landfill by 2025.

Social Achievements

• Aiming to be one of the top 10 best companies to work for in the Netherlands by 2030.
• Engaging 100,000 students on using chemistry for a fossil-free world by 2030.
• Improving diversity and inclusion to be representative of the societies and communities Avantium operates within by 2025.

Governance Achievements

• Implementing ISO 45001 certification across all plants by 2023.
• Establishing a Sustainability Steering Committee and planning an external Sustainability Advisory Panel.

Climate Goals & Targets

Environmental Challenges

• Transitioning the chemical industry away from fossil fuels.
• Achieving circularity across the value chain.
• Ensuring sustainable sourcing of plant-based feedstock.
• Addressing gender inequality in the chemical industry.

Mitigation Strategies

• Developing and commercializing sustainable technologies (YXY®, Ray Technology™, Volta Technology™).
• Developing partnerships and collaborations across the value chain.
• Defining sustainability standards for feedstock and incorporating them into license agreements.
• Setting diversity and inclusion targets and implementing relevant HR processes.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Partnering with suppliers engaging in sustainable practices.
• Adopting independently certified sustainable standards or creating own standards.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi)

Certifications: ISO 45001 (planned for all plants by 2023)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 15 (Life on Land)

Avantium's technologies and initiatives contribute to these goals through renewable chemistry, circular economy solutions, and sustainable feedstock sourcing.

Sustainable Products & Innovation

• PEF (Polyethylene Furanoate)
• PlantMEG (mono-ethylene glycol)
• Glyoxylic acid (Volta Technology™)

Awards & Recognition

• Not disclosed