GRI Index
Avantium’s Sustainability Report (integrated in our Annual Report) is based on the Global Reporting Initiative (GRI) Standards. This GRI Index directs readers to information on relevant indicators as defined by the GRI Standards.
GRI 2: General Disclosures
2-1 Organizational details | See the Avantium corporate website https://www.avantium.com/ |
2-2 Entities included in the organization’s sustainability reporting | Avantium N.V, including all our consolidated entities, See annual report section 2.2.1 Subsidiaries for more details. |
2-3 Reporting period, frequency and contact point | 1 January until 31 December 2023 |
2-4 Restatements of information |
|
2-5 External assurance | The financial data is covered by external assurance by PwC. |
2-6 Activities, value chain and other business relationships | See section Who We Are |
2-7 Employees | 288 FTEs For details see section Our People |
2-8 Workers who are not employees | See section Our People |
2-9 Governance structure and composition | See section Corporate Governance |
2-10 Nomination and selection of the highest governance body | See corporate website Corporate Governance |
2-11 Chair of the highest governance body | See section Corporate Governance |
2-12 Role of the highest governance body in overseeing the management of impacts | See section Corporate Governance |
2-13 Delegation of responsibility for managing impacts | See section Corporate Governance |
2-14 Role of the highest governance body in sustainability reporting | |
2-15 Conflicts of interest | See corporate website Code of Business Conduct section Conflicts of Interest |
2-16 Communication of critical concerns | See section Risk and Opportunity Management |
2-17 Collective knowledge of the highest governance body | See section Corporate Governance |
2-18 Evaluation of the performance of the highest governance body | See section Corporate Governance |
2-19 Remuneration policies | See section Remuneration Report 2023 |
2-20 Process to determine remuneration | See section Remuneration Report 2023 |
2-21 Annual total compensation ratio | See section Remuneration Report 2023 |
2-22 Statement on sustainable development strategy | See section Message from CEO |
2-23 Policy commitments | See corporate website Principles & Policies |
2-24 Embedding policy commitments | See corporate website Principles & Policies |
2-25 Processes to remediate negative impacts | See section Risk and Opportunity Management |
2-26 Mechanisms for seeking advice and raising concerns | See corporate website Corporate Governance |
2-27 Compliance with laws and regulations | See corporate website Code of Business Conduct section Standard Conduct |
2-28 Membership associations | European BioPlastics (EUPB) Renewable Carbon Initiative Bio-based Industries Consortium CO2 value Europe Chemistry Top Team Top Consortium for Knowledge and Innovation for the Biobased Economy Center for Youth Communication Chemistry (C3) MVO Nederand
For more details see section Our Leadership and Governance |
2-29 Approach to stakeholder engagement | Stakeholder Engagement and Materiality assessment performed in 2022 For more details see section Materiality Assessment and Stakeholder Engagement |
2-30 Collective bargaining agreements | None |
GRI 3: Material Topics
3-1 Process to determine material topics | Stakeholder Engagement and Materiality assessment performed in 2022 For more details see section Materiality Assessment and Stakeholder Engagement |
3-2 List of material topics | Technology: – Environmental Impact of our technologies – Circularity – Product Stewardship – Sustainable Feedstock Operations: – Occupational Health and Safety – Greenhouse Gas Emissions of our Operations – Waste People – Talent Attraction and Retention – Health & Well-Being – Diversity, Equality & Inclusion (DEI) – Next Generation of Scientists Leadership & Governance – Climate advocacy – Corporate partnerships
For more details see section Materiality Assessment and References to Sustainability Frameworks |
3-3 Management of material topics | See section The Value We Created |
GRI 201: Economic Performance
201-1 Direct economic value generated and distributed | Not deemed material for sustainability reporting See section Financial Performance 2023 |
201-2 Financial implications and other risks and opportunities due to climate change | See section Risk and opportunity Management on Sustainability-Feedstock and Sustainability-Climate Change Risks |
201-3 Defined benefit plan obligations and other retirement plans | Not deemed material for sustainability reporting See section 2.18 Employee Benefits |
201-4 Financial assistance received from government | Not deemed material for sustainability reporting 18 government grants, See section Financial Performance 2023 |
GRI 202: Market Presence
202-1 Ratios of standard entry level wage by gender compared to local minimum wage | Not deemed material for sustainability reporting and not reported |
202-2 Proportion of senior management hired from the local community | Not deemed material for sustainability reporting See section Employee Diversity in 2023 for proportion of Dutch/ Non-Dutch and other diversity factors reported by seniority level |
GRI 203: Indirect Economic Impacts
203-1 Infrastructure investments and services supported | Not deemed material for sustainability reporting See section The Value We Created in 2023 |
203-2 Significant indirect economic impacts | Not deemed material for sustainability reporting and not reported |
GRI 204: Procurement Practices
204-1 Proportion of spending on local suppliers | Not deemed material for sustainability reporting and not reported |
GRI 205: Anti-corruption
205-1 Operations assessed for risks related to corruption | Not deemed material for sustainability reporting and not reported |
205-2 Communication and training about anti-corruption policies and procedures | Not deemed material for sustainability reporting and not reported |
205-3 Confirmed incidents of corruption and actions taken | Not deemed material for sustainability reporting and not reported No incidents were reported, see section Responsible Business |
GRI 206: Anti-competitive Behavior
206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices | Not deemed material for sustainability reporting No incidents were reported, see section Responsible Business |
GRI 207: Tax
207-1 Approach to tax | Not deemed material for sustainability reporting See section 25. Income Tax Expense |
207-2 Tax governance, control, and risk management | Not deemed material for sustainability reporting See section 25. Income Tax Expense |
207-3 Stakeholder engagement and management of concerns related to tax | Not deemed material for sustainability reporting and not reported |
207-4 Country-by-country reporting | Not deemed material for sustainability reporting and not reported |
GRI 301: Materials
301-1 Materials used by weight or volume | Not deemed material for sustainability reporting and not reported |
301-2 Recycled input materials used | Not deemed material for sustainability reporting and not reported |
301-3 Reclaimed products and their packaging materials | Not deemed material for sustainability reporting and not reported |
GRI 302: Energy
302-1 Energy consumption within the organization | Sustainable electricity – 2.455 MWh Fossil-based electricity – 406 MWh Gas heating – 81.522 m3 Steam – 1.221 GJ Reported as Scope 2 Emissions, for more details see section Emissions from our Operations |
302-2 Energy consumption outside of the organization | Data not available yet |
302-3 Energy intensity | Not deemed material for sustainability reporting and not reported |
302-4 Reduction of energy consumption | Reported as emissions saving activities, for more details see section Emissions from our Operations |
302-5 Reductions in energy requirements of products and services | Reported with our goal of reducing industry CO2 emissions, see section Reducing Industry CO2 emissions |
GRI 303: Water and Effluents
303-1 Interactions with water as a shared resource | Not deemed material for sustainability reporting and not reported |
303-2 Management of water discharge-related impacts | Not deemed material for sustainability reporting and not reported |
303-3 Water withdrawal | Not deemed material for sustainability reporting and not reported |
303-4 Water discharge | Not deemed material for sustainability reporting and not reported |
303-5 Water consumption | Not deemed material for sustainability reporting and not reported |
GRI 304: Biodiversity
304-1 Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas | Not deemed material for sustainability reporting and not reported |
304-2 Significant impacts of activities, products and services on biodiversity | Not deemed material for sustainability reporting and not reported |
304-3 Habitats protected or restored | Not deemed material for sustainability reporting and not reported |
304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations | Not deemed material for sustainability reporting and not reported |
GRI 305: Emissions
305-1 Direct (Scope 1) GHG emissions | 0.448 tonnes CO2e For more details see section Emissions from our Operations |
305-2 Energy indirect (Scope 2) GHG emissions | 369 tonnes CO2e For more details see section Emissions from our Operations |
305-3 Other indirect (Scope 3) GHG emissions | In 2023 Avantium collaborated with an external party and completed Scope 3 baseline assessment based on financial data from 2022. We have identified five focus categories: · purchased goods and services · capital goods · upstream transportation and distribution · waste generated in operations · business travel Going further systems will be set in place to measure and be able to report emissions in these categories. For more details see section Reducing Emissions from our Operations |
305-4 GHG emissions intensity | Not deemed material for sustainability reporting and not reported |
305-5 Reduction of GHG emissions | Reported as emissions saving activities, for more details see section Reducing Emissions from our Operations |
305-6 Emissions of ozone-depleting substances (ODS) | Not deemed material for sustainability reporting and not reported |
305-7 Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions | See section Reducing Emissions from our Operations |
GRI 306: Waste
306-1 Waste generation and significant waste-related impacts | See section Managing Waste from Our Operations |
306-2 Management of significant waste-related impacts | See section Managing Waste from Our Operations |
306-3 Waste generated | See section Managing Waste from Our Operations |
306-4 Waste diverted from disposal | See section Managing Waste from Our Operations |
306-5 Waste directed to disposal | See section Managing Waste from Our Operations |
GRI 308: Supplier Environmental Assessment 2016
308-1 New suppliers that were screened using environmental criteria | All key feedstock suppliers For more details see section Using Sustainable Feedstocks |
308-2 Negative environmental impacts in the supply chain and actions taken | See section Using Sustainable Feedstocks |
GRI 401: Employment
401-1 New employee hires and employee turnover | 95 new joiners, workforce increase of 15.15% For more details see section Promoting Diversity, Equality and Inclusion |
401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees | None |
401-3 Parental leave | In 2023 26 colleagues used right for parental leave and 3 returned from parental leave For more details see section Celebrating Our Differences |
GRI 402: Labor/Management Relations
402-1 Minimum notice periods regarding operational changes | According to the Works Council Act See section Work Council |
GRI 403: Occupational Health and Safety
403-1 Occupational health and safety management system | See corporate website Safety section, and section Providing Safe and Healthy Workplaces |
403-2 Hazard identification, risk assessment, and incident investigation | See section Providing Safe and Healthy Workplaces |
403-3 Occupational health services | See section Health and Well-Being |
403-4 Worker participation, consultation, and communication on occupational health and safety | See section Providing Safe and Healthy Workplaces |
403-5 Worker training on occupational health and safety | See section Providing Safe and Healthy Workplaces |
403-6 Promotion of worker health | See section Health and Well-Being |
403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships | Not deemed material for sustainability reporting and not reported |
403-8 Workers covered by an occupational health and safety management system | All |
403-9 Work-related injuries | See section Accidents and Incidents in 2023 |
403-10 Work-related ill health | See section Accidents and Incidents in 2023 |
GRI 404: Training and Education
404-1 Average hours of training per year per employee | The members of our different operational teams spent 2714.5 hours in trainings in 2023, representing an average of 30.8 hours per employee For more details see section Safety Culture and Trainings |
404-2 Programs for upgrading employee skills and transition assistance programs | See section Performance Management and Training |
404-3 Percentage of employees receiving regular performance and career development reviews | All employees For more details see section Performance Management and Training |
GRI 405: Diversity and Equal Opportunity
405-1 Diversity of governance bodies and employees | See diversity table in Employee Diversity in 2023 |
405-2 Ratio of basic salary and remuneration of women to men | See section Promoting Diversity, Equality and Inclusion |
GRI 406: Non-discrimination
406-1 Incidents of discrimination and corrective actions taken | No incidents were reported, For more details see section Responsible Business |
GRI 407: Freedom of Association and Collective Bargaining
407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk | Not deemed material for sustainability reporting and not reported Most of Avantium’s operations and suppliers are located in Europe where the social and labor-related risks are low. |
GRI 408: Child Labor
408-1 Operations and suppliers at significant risk for incidents of child labor | Not deemed material for sustainability reporting and not reported Most of Avantium’s operations and suppliers are located in Europe where the social and labor-related risks are low. See section Using Sustainable Feedstocks for more information |
GRI 409: Forced or Compulsory Labor
409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor | Not deemed material for sustainability reporting and not reported Most of Avantium’s operations and suppliers are located in Europe where the social and labor-related risks are low. See section Using Sustainable Feedstocks for more information |
GRI 410: Security Practices
410-1 Security personnel trained in human rights policies or procedures | Not deemed material for sustainability reporting and not reported Most of Avantium’s operations and suppliers are located in Europe where the social and labor-related risks are low. |
GRI 411: Rights of Indigenous Peoples
411-1 Incidents of violations involving rights of indigenous peoples | Not deemed material for sustainability reporting and not reported Most of Avantium’s operations and suppliers are located in Europe where the social and labor-related risks are low. |
GRI 413: Local Communities
413-1 Operations with local community engagement, impact assessments, and development programs | Not deemed material for sustainability reporting and not reported Most of Avantium’s operations and suppliers are located in Europe, no activities involve entering or leaving local communities |
413-2 Operations with significant actual and potential negative impacts on local communities | Not deemed material for sustainability reporting and not reported Most of Avantium’s operations and suppliers are located in Europe, no activities involve entering or leaving local communities |
GRI 414: Supplier Social Assessment
414-1 New suppliers that were screened using social criteria | See section Using Sustainable Feedstocks |
414-2 Negative social impacts in the supply chain and actions taken | See section Using Sustainable Feedstocks |
GRI 415: Public Policy
415-1 Political contributions | None Not deemed material for sustainability reporting |
GRI 416: Customer Health and Safety
416-1 Assessment of the health and safety impacts of product and service categories | Not deemed material for sustainability reporting and not reported Avantium does not provide consumer goods or services |
416-2 Incidents of non-compliance concerning the health and safety impacts of products and services | Not deemed material for sustainability reporting and not reported Avantium does not provide consumer goods or services |
GRI 417: Marketing and Labeling
417-1 Requirements for product and service information and labeling | Not deemed material for sustainability reporting and not reported |
417-2 Incidents of non-compliance concerning product and service information and labeling | Not deemed material for sustainability reporting None |
417-3 Incidents of non-compliance concerning marketing communications | Not deemed material for sustainability reporting None |
GRI 418: Customer Privacy
418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data | None |