Carbon Disclosure Project (CDP)
DSM reports its climate actions to the CDP, which uses the power of measurement, transparency, information disclosure and accountability to drive positive change in the world of business and investment.
Advocating climate action
Building the movement for a low-carbon economy
At the 2015 United Nations Climate Change Conference, 195 Member
States adopted the Paris Agreement. As
climate change will continue to shape the way we do business now and
in the coming decades, we support and lead advocacy initiatives which:
- encourage climate action by governments to enable the shift to a low-carbon economy;
- help us drive concrete actions, to improve the carbon footprint in our own operations;
- catalyze an action-oriented movement among companies from all industry sectors, and
- connect well with our core value and moral obligation to take care of the planet.
Enabling policies
DSM is in favor of consistent, long-term governmental policies that enable a low-carbon economy. We believe that government policies and initiatives should aim to:
- boost and incentivize low carbon innovations, improvement of energy efficiency and scaling of renewable energy;
- innovate fiscal systems and policies, including - but not limited to - carbon pricing and removal of fossil fuel subsidies;
- increase transparency and disclosure regarding financial investments and policies regarding the shift from fossil fuels to renewable energy; while
- educating the public about the impact of climate change on the planet and society to increase awareness.
DSM supports the over-all goal of the Paris Agreement, which is to realize a net zero-carbon economy in the second half of this century, backed by strong intermediate targets to prevent a global average temperature increase beyond 1.5 to 2°C.
Responsible engagement in climate policy
DSM demonstrates leadership by advocating a progressive agenda in discussions about climate and energy in industry associations and other industry initiatives. Consequently, the company commits to responsible corporate engagement in climate policy as promoted by the Carbon Disclosure Project. We are on the board of three prominent European public-private partnerships: the Bio-based Industries Consortium, the Sustainable Process Industry through Resource and Energy Efficiency (SPIRE) and the European Technology Platform for Sustainable Chemistry (SusChem). DSM is also deeply engaged with the following partners:
Stakeholder engagement
Carbon Pricing Champions
As a Carbon Pricing Champion, DSM works with the UN Global Compact to advocate for carbon pricing, set an internal carbon price and report on our progress as part of our Annual Report.
Carbon Pricing Leadership Coalition
The CPLC is a multi-stakeholder World Bank initiative sharing experiences of working with carbon pricing and growing the evidence base for the most effective carbon pricing systems and policies. DSM’s CEO was Co-Chair of the CPLC since it was founded in 2016 until April 2018, when his term ended and he was appointed Chair of the new High-Level Leadership Forum on Carbon Pricing and Competitiveness (supported by the CPLC). In recognition of his role at the CPLC role he has also been appointed a Climate Leader by World Bank Group President Jim Kim.
Low Carbon Technology Partnerships initiative (LCTPi)
LCTPi, a multi-stakeholder platform presents the opportunities of large-scale development and deployment of low-carbon technologies. DSM has joined the below50 campaign, uniting companies that produce, use and/or invest in fuels that are at least 50% less carbon intensive than fossil fuels.
Powering Past Coal Coalition
The Powering Past Coal Alliance is a global initiative of governments, businesses and organizations working to advance the transition away from coal power generation. Members are committed to working together for EU and OECD countries to phase out coal-fired electricity generation no later than 2030, with the rest of the world following no later than 2050.
Prince of Wales Corporate Leaders Group (CLG)
The CLG works under the leadership of The Prince of Wales to advocate for climate change solutions with policymakers and businesses, within the EU and globally.
Renewable Energy 100 (RE100)
RE100 is a peer learning, advocacy and action platform, led by the Climate Group, uniting businesses to commit to using 100% renewable electricity whilst setting a bold intermediate target.
Taskforce on Climate-related Financial Disclosures (TCFD)
During New York Climate Week 2017 DSM was among the first ten global leading companies that committed to implementing the recommendations of the Financial Stability Board's TCFD within three years.
WEF CEO Climate Leaders
DSM is a Strategic Partner of the World Economic Forum (WEF). Together with 79 CEOs, we released an open letter to governments “Let’s partner on climate action”.
We Mean Business
We Mean Business is a coalition of several of the above organizations that is inviting hundreds of companies and investors to commit to low-carbon initiatives.
