Avantium Releases Agenda for Extraordinary General Meeting of Shareholders

How to get to the meeting? >

Hoe komt u naar de vergadering? >

Voting Results >

General Meeting of Shareholders 2024

More detailed information about the annual general meeting of shareholders (15 May 2024) can be found here:

Agenda and explanatory notes >

Annual Report 2023 >

Remuneration Report 2023 >

Updated Remuneration Policy for the Management Board >

Updated Remuneration Policy for the Supervisory Board >

Advice Works Council on Remuneration Policies >

How to get to the meeting >

Annual Report 2023 (Interactive PDF)

Annual Report 2023 (ESEF zip)

Extraordinary General Meeting of Shareholders 2024

More detailed information about the extraordinary general meeting of shareholders (24 January 2024) can be found here:

Draft minutes EGM 24 January 2024 >

Voting results >

Convocation notice EGM >

Agenda and explanatory notes EGM Avantium N.V. >

Agenda en toelichting BAVA Avantium N.V. >

Articles of Association >

Voorstel tot Aanpassing Statuten >

How to get to the meeting >

General Meeting of Shareholders 2023

More detailed information about the extraordinary general meeting of shareholders (10 May 2022) can be found here:

Draft Minutes Annual General Meeting 2023 >

Business Update 2022 AGM 2023 >

Voting results >

Message from the CEO >

Boodschap van de CEO >

Agenda and explanatory notes >

Oproeping AvA >

Agenda en toelichting >

How to get to the meeting >

Hoe bereikt u de vergadering >

Annual Report 2022 >

Remuneration Report 2022 >

Annual Report 2022 (Interactive PDF)

Annual Report 2022 (ESEF zip)

Boudewijn van Schaïk

Chief Financial Officer

Boudewijn van Schaïk serves as Avantium’s CFO as of 1 January 2023. Before joining Avantium, Boudewijn served as Corporate Finance Director and other senior roles in Treasury, Strategy and M&A at SBM Offshore (2013-2022). Prior to the foregoing roles, he held various senior finance positions at NIBC Bank, ABN AMRO Bank, Main Corporate Finance and Alexander Forbes Financial Services (South Africa). Boudewijn holds a Business Science degree (Accounting and Corporate Finance) from the University of Cape Town (South Africa).

Annual Report 2021 (Interactive PDF)

Annual Report 2021 (Downloadable PDF)

Annual Report 2021 (ESEF zip)

Yap Chie Cheung

Managing Director Avantium Renewable Chemistries

Yap Chie works for Avantium since 2023. She is responsible for commercialising Avantium’s portfolio of revolutionary renewable chemistry solutions, including plant-based mono-ethylene glycol (plantMEG) and mono-propylene glycol (plantMPG). Yap Chie has significant commercial and global management experience and has a proven track record in initiating and setting up partnerships within the value chain in the biobased industry. Prior to joining Avantium, Yap Chie held several senior positions in sales, market development and global business management at International Flavors & Fragrances (IFF), Cargill and DSM over a 25-year period.

Extraordinary General Meeting of Shareholders 2022

More detailed information about the extraordinary general meeting of shareholders (25 January 2022) can be found here:

DRAFT Minutes EGM 25 January 2022 >

Presentation EGM 25 January 2022 >

Introduction video Nils Björkman >

Q&As EGM 25 January 2022 >

Voting results 25 January 2022 >

Convocation notice EGM >

Oproeping BAVA >

Agenda and explanatory notes EGM Avantium N.V. >

Information Memorandum >

Proposed Amendment Articles of Association >

Voorstel tot Aanpassing Statuten >

Virtual EGM Registration Manual >

Virtuele BAVA Registratiehandleiding >

Information Line for Retail Investors
Retail Investors with questions about the agenda and the meeting documents of the EGM can call the Avantium Information Line for Retail Investors (open from Monday to Friday during business hours) or send an email: +31 (0) 10 313 8909 / avantium@georgeson.com

General Meeting of Shareholders 2021

More detailed information about the general meeting of shareholders (19 May 2021) can be found here:

Draft Minutes Annual General Meeting 2021 >

Questions Shareholders AGM 2021, date 19 May 2021 >

Business Update 2020 AGM 2021 >

Voting Results >

Agenda and explanatory notes AGM Avantium N.V. 19 May 2021 >

Oproeping AvA >

Agenda en toelichting >

Remuneration Report 2020 >

Annual Report 2020 >

Virtual AGM Registration Manual >

Virtuele AvA Registratiehandleiding >

Response Works Council Request for Advice Re-appointment T. van Aken and M. Kleinsman >

General Meeting of Shareholders 2017

More detailed information about the general meeting of shareholders (14 June 2017) can be found here:

Presentation slides AGM 14 June 2017 >

Minutes Annual General Meeting of Shareholders of Avantium N.V. >

Convocation notice, Attending the meeting and voting >

Agenda and explanatory notes AGM Avantium N.V. 14 June 2017 >

How to get to the Annual General Meeting 2017 >

Voting results AGM 14 June 2017 >

Annual Report 2016 >

Resume Mrs M Kleinsman >

Extraordinary General Meeting of Shareholders 2017

The Extraordinary General Meeting of Shareholders (“EGM”) of Avantium was held on November 30th, 2017.

More detailed information about the EGM can be found here:

Minutes Extraordinary General Meeting of Shareholders of Avantium N.V. >

Convocation notice, Attending the meeting and voting >

Agenda and explanatory notes EGM Avantium N.V. 30 November 2017 >

Resume Mr C Verhaar >

How to get to the EGM >

Voting results EGM 30 November 2017 >

General Meeting of Shareholders 2018

More detailed information about the general meeting of shareholders (16 May 2018) can be found here:

Minutes AGM 16 May 2018 >

Business progress update 2017 >

CEO Invitation to AGM 2018 >

Convocation notice, Attending the meeting and voting >

Agenda and explanatory notes AGM Avantium N.V. 16 May 2018 >

Voting results AGM 16 May 2018 >

How to get to the Annual General Meeting 2018 >

Annual Report 2017>

General Meeting of Shareholders 2019

More detailed information about the general meeting of shareholders (15 May 2019) can be found here:

190815 – Avantium N.V. – Minutes AGM 15 May 2019 (final) >

Business Progress Update 2018 >

Introduction to new Supervisory Board Member Rob van Leen >

Convocation notice, Attending the meeting and voting >

Update to Convocation notice, Attending the meeting and voting >

Agenda and explanatory notes AGM Avantium N.V. 15 May 2019>

Voting Results AGM 15 May 2019 >

How to get to the Annual General Meeting 2019 >

Annual Report 2018>

Extraordinary General Meeting of Shareholders 2019

More detailed information about the extraordinary general meeting of shareholders (20 December 2019) can be found here:

Minutes EGM 20 December 2019 >

Voting results EGM 2019 >

CEO Invitation to EGM 2019 >

Agenda and explanatory notes EGM Avantium N.V. 20 December 2019 >

Resume Edwin Moses >

How to get to the Extraordinary General Meeting 2019 >

General Meeting of Shareholders 2020

More detailed information about the general meeting of shareholders (14 May 2020) can be found here:

Minutes AGM 14 May 2020 >

Webcast on demand >

Business update 2019 AGM 2020 >

Questions & answers shareholders AGM 2020 >

Additional information Annual General Meeting 2020 >

Aanvullende informatie Algemene Vergadering van Aandeelhouders 2020 >

CEO Invitation to AGM 2020 >

CEO Uitnodiging voor de AVA 2020 >

Convocation notice, Attending the meeting and voting >

Agenda and explanatory notes AGM Avantium N.V. 14 May 2020 >

Voting results AGM 2020 >

Annual Report 2019 >

Remuneration Report 2019 >

Remuneration policy for the Management Board and the Supervisory Board 2020 >

Rfa Response Works Council on the Remuneration Policy for the Management Board and Supervisory Board 2020 >

Tom van Aken

Chief Executive Officer

Tom van Aken is Avantium’s CEO (Chief Executive Officer) and member of the Management Board. Before his appointment as a CEO in 2005 he was Vice President of Business Development (2002-2004) and Vice President of Global Marketing and Sales (2004-2005).

Prior to joining Avantium, Tom was Business Development Director at DSM Fine Chemicals, Inc.

Dutch native, Tom earned an MSc in Chemistry from the University of Utrecht.

Tom’s main inspiration is the excellent team he works with and the opportunity to make an impact together.

TARGET

100% of our advocacy will focus on transforming the chemical industry to become circular and fossil-free.

Sustainable Development Goals

This target requires us to call for greater action on the need for a fossil-free chemical industry. We will be advocating for changes that support the transition to circular chemicals and materials. We want to lead by example, and we are demanding from ourselves to step up to address the climate crisis. The scale of the challenge demands that we more actively engage and work through partnerships and collaborations with a broad range of stakeholders.

Future Plans and Next Steps:

Build engagement and educate the public on the impact of climate change, by using our voice and advocating for change in the chemical industry via events, media, blogs and through digital platforms.
Work with stakeholders across the plastic value chain to fundamentally change plastic material by 2030 and empower our partners to shift to renewable and circular solutions.
Working with governments and industry associations to help inform the debate and help shape climate policy through positive lobbying.

By 2025, we will improve upon our baseline of being an inclusive and diverse company, ensuring that we are representative of the societies and communities we operate within.

Sustainable Development Goals

As part of our diversity agenda, we believe in gender equality and will strive to achieve this at Avantium. In 2019, 29% of Avantium’s Management Team, 25% of our Leadership Teams and 33% of our Supervisory Board were women. The chemical industry is currently underrepresented by women across all levels of organisations. Avantium compares favourably against the industry average but we know that there is still a lot to do across all levels of the company to achieve gender parity and equality.

First Moves and Next Steps:

Refine Diversity and Inclusion company statement and enhance awareness.
Map diversity (gender, age, nationality) in our main talent pipelines to understand what it means to reflect society.
Define short (1-3 years), medium (up to 5 years) and long term (up to 10 years) company diversity targets.
Factor gender criteria into attracting, retention, and succession planning and other HR processes.
Report gender, age and nationality diversity and include in our company KPI reporting.
Conduct diversity and inclusion and/or unconscious bias training for Line Managers and recruiters.
Work with student workstream to encourage a better gender balance studying STEM subjects.

By 2030 100,000 students will have been engaged by Avantium on using chemistry for a fossil-free world.

Sustainable Development Goals

Our approach to inspire the next generation of scientists focuses on three actions:

Supporting interventions that prove their effectiveness in raising interest and preventing students dropping out of STEM education.
Developing the right partnerships with STEM education providers so that we are jointly able to reach a critical mass of students. Through these partnerships we will invest in programmes that ensure that STEM education is accessible to everyone, especially those in underserved communities.
Using our scientific expertise to excite the next generation of scientists about sustainability and the beauty of chemistry.

First Moves and Next Steps:

Establish a work team with representation from each business unit.
Define education topics and training goals.
Define the roll-out (e.g. train-the-trainer) strategy to reach the targeted audience.
Develop training and education materials on sustainable and renewable chemistry that can be disseminated via social media and other platforms as well as via training programs.
Map possible partnerships and define collaboration strategies.
Deliver the training.
Track and report on the number of students reached.

By 2030 we will be one of the 10 best companies to work for in the Netherlands.

Sustainable Development Goals

We aim to continuously improve our work environment and culture. We strive to maintain a flat organisation that empowers, recognises and celebrates the many cultures represented. We do this is by making sure we all live and breathe the Avantium values. These values act as our compass and ensure that we are a purpose driven organisation embracing sustainability, wellbeing, diversity and inclusion.

First Moves and Next Steps:

Perform a ‘Great Place to Work’ baseline assessment of workplace to be able to:

Identify ‘strengths’ and ‘weak spots’ for targeted actions.
Define a short (1-3 years), medium (up to 5 years) and long term (up to 10 years) action plan and measures to utilise strengths and improve weak spots.
Establish a ‘Great Place to Work’ team from different business units and different levels of the organisation.
Define desired employee experience and define improvement areas.
Implement improvements to enhance employee experience.
Perform a ‘Great Place to Work’ assessment again in year 5 to measure progress against the baseline.

By 2023 all of our plants will achieve a certification for ISO45001.

Sustainable Development Goals

We already have a strong safety culture and focus heavily on Health and Safety. We will now begin to embed safety into our systems. We will do this by rolling out ISO45001 across our operations as the gold standard for organisations who are serious about improving employee safety, reducing workplace risks and creating better and safer working conditions.

Future Plans and Next Steps:

Proceeding with ISO45001 accreditation.
Preparing the systems, processes, procedures and documentation for ISO45001.
Training our people on the new enhanced standard.
Conducting a pre-audit to understand Avantium’s readiness.
Starting the formal certification process in 2022 with a view to completion in 2023.

By 2025 Avantium will send zero non-hazardous waste to incineration and landfill.

Sustainable Development Goals

We will do this by:

Diverting waste from offices, plants and laboratories and setting standards to embed into Avantium’s general facility management and procurement practices.
Monitoring and applying alternative options for materials generating significant damage to our environment.
Educating and enabling behaviour change within our colleagues, particularly related to reuse and recycling.
Wherever possible going ‘paperless’ including electronic documentation and lab books.
Eliminating single use plastics from our own operations.
Aligning our work on zero waste with our commitments on circularity and embracing the nine R’s of Refuse, Rethink, Reduce, Reuse, Repair, Refurbish, Remanufacture, Repurpose, Recycle and Recover.

Future Plans and Next Steps:

Partnerships with our waste providers and landlords for rented sites to improve the recycling facilities at all of our operations.
Working with the Avantium Green Team, introduce programmes to promote reuse and recycling behaviours of Avantium’s employees.
Setting an aspirational interim target of 70% reduction in non-hazardous waste to incineration by 2023.
Exploring ways of reducing the amount of waste generated from Avantium’s operations.

By 2030, our own operations will achieve net-zero carbon emissions.

Sustainable Development Goals

In order to achieve zero carbon operations, we will focus on the following areas:

Developing and implementing greenhouse gas (“GHG”) reduction and climate resiliency strategies.
Lowering our GHG footprint by increasing energy efficiency and driving investment in renewables.
Exploring ways to store away emissions that cannot be avoided, either through natural or technological offsetting schemes.

Future Plans and Next Steps:

We will:

Switch to 100% renewable electricity.
Calculate direct GHG emissions from our pilot plants and laboratory activities.
Review alternative heating systems at some of our sites including looking into the availability of biogas.
Investigate offsetting options for emissions that cannot be avoided and where alternatives are not available.
Conduct a baseline assessment of our scope 3 emissions and establish a plan for reducing these emissions in line with climate science.

By 2030 100% of our renewable polymers and chemistries plant-based feedstock will come from sustainable sources.

Sustainable Development Goals

In order to ensure the integrity of our feedstocks, we aim to only partner with suppliers that actively engage in sustainable practices. We will strive to adopt independently certified sustainable standards of feedstock, but when these are not available or appropriate, we will create our own sustainability standards in consultation with subject matter experts and leading NGOs.

Future Plans and Next Steps:

Defining sustainability standards for our renewable polymers and chemistries feedstocks.
Working with our suppliers to ensure that our feedstocks meet our sustainability standards.
Incorporating the sustainable sourcing of plant-based materials into the license agreements for our renewable technologies.

By 2030 Avantium will become a circular business.

Sustainable Development Goals

Avantium will tackle the circularity challenge with the following approach:

Design products with renewable materials that are responsibly and ethically produced.
Develop products that are durable and recyclable creating the highest possible value for the longest possible time while consuming the smallest amount of material possible.
Develop partnerships within the circular value chain to “close the loop”.
Develop new business models to extend the use of our technologies or products.
Develop licensing models for our renewable and sustainable technologies, scaling the production and enabling economies of scale. This will enable Avantium to generate more circular impact.

Future Plans and Next Steps

Ensuring that by 2025, all new technologies we develop will contribute positively towards the circular economy.
Investigating circular business models for each line of business.
Providing Sustainable Licences - include recommendations for optimal sustainable application of each technology.

By 2030 Avantium’s technologies will deliver 1.5 million tonnes of CO2 savings across the chemical industry.

Sustainable Development Goals

Avantium’s technologies will deliver CO2 savings through:

The commercialisation of its YXY® plants-to-plastics technology for the production of FDCA (furandicarboxylic acid), the key building block for PEF (Polyethylene Furanoate).
The scale-up of Ray Technology™ for the production of plantMEG (mono-ethylene glycol).
The conversion of carbon dioxide (CO2) via electrochemistry to valuable ingredients and sustainable chemical building blocks.
Improving efficiency in the broader chemical and petrochemical industries using its proprietary high-throughput catalysis platform.

Future Plans and Next Steps:

Continuing to use Life Cycle Analysis for our technologies as these will confirm the reduction in environmental impact between Avantium’s renewable products and the market incumbent.
Estimating the impact of scaled up technologies per licence.
Quantifying the role our Catalysis business unit plays in supporting customers to reduce CO2 via accelerated R&D.

Trudy Schoolenberg

Trudy Schoolenberg joined the Supervisory Board of the Company in September 2020.

Dr. Trudy Schoolenberg served in various senior management positions at Shell, Wärtsilä and Akzo-Nobel in Research, Operations and Strategy. Dr. Schoolenberg currently holds Senior Independent Director roles at Accsys Technologies Plc. She is also member of the Board of Directors of Spie SA. Additionally, she is member of the Board of Directors of Elementis Minerals PLC.

Dr. Schoolenberg has a Ph.D. in Technical Sciences at the Delft University of Technology (The Netherlands) and an Msc in Industrial Engineering. She certified as a Non Execitive Director at ESAA, Erasmus University Rotterdam.

Cynthia Arnold

Cynthia Arnold joined the Supervisory Board of the Company in September 2020.

She served as Senior Vice President and Chief Technology Officer at The Valspar Corporation, a manufacturer of paint and coatings. She was also Chief Technology Officer at Sun Chemical Corporation, the world's largest producer of printing inks and pigments. Prior to this, she worked for nine years at General Electric Plastics, of which three years were for GE Plastics Europe in The Netherlands. She currently serves as a non-executive Director on the Boards of The Cabot Corporation, Milliken & Company and Citrine Informatics.

Dr. Cynthia Arnold holds a Ph.D. from the Virginia Polytechnic Institute & State University in Blacksburg (USA), an MBA from the University of California in Berkeley (USA) and a BS in Chemical Engineering from the University of California in Berkely (USA).

Extraordinary General Meeting of Shareholders 2020

More detailed information about the extraordinary general meeting of shareholders (30 September 2020) can be found here:

Minutes EGM 2020 >

Questions shareholders >

CEO Invitation to EGM 2020 >

Agenda and explanatory notes EGM Avantium N.V. 30 September 2020 >