Annual Report 2022

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Taxonomy-Aligned Proportion of Sales, Capital Expenditure and Operating Expenditure

The basis for calculation and disclosure of taxonomy-eligible proportions of sales, capital expenditure (CapEx) and operating expenditure (OpEx) in relation to the respective share in total Group sales or total Group capital expenditure or operating expenditure is applied analogously to taxonomy-aligned activities. That is, the individual taxonomy-aligned proportions of sales/CapEx/OpEx are compared with the respective proportion of sales, CapEx or OpEx for the entire Group.

The taxonomy-aligned proportion of sales to total sales of the Group is only 0.08 percent, whereas the proportion of sales from taxonomy-eligible activities is almost 66.4 percent.

There are various reasons for this:

  • A proportion of taxonomy-eligible products is already based on renewable raw materials. As no fossil-based technology is being replaced, it is impossible to achieve alignment with the taxonomy.
  • Renewable raw materials are not available in sufficient quantities and at competitive prices, making it currently impossible to substitute renewable for fossil-based raw materials.
  • Given the large number of different products for a very wide variety of value chains, the large amount of time and effort needed to meet the technical assessment criteria can be provided only in stages.

The same applies to the taxonomy-aligned proportions of capital expenditures and operating expenditures as compared with the respective total figures calculated using a production volume key.

The taxonomy-aligned share of CapEx in total CapEx is 0.01 percent (mainly capital expenditure in plants), as compared with 32.9 percent for taxonomy-eligible CapEx.

At 0.01 percent, the taxonomy-aligned share of OpEx (including maintenance and servicing) in total OpEx is substantially lower than the taxonomy-eligible share of 53.5 percent.

A detailed comparison of these figures is presented in the tables below.

Sales

 

 

 

 

 

Economic activities

 

Code

 

Absolute sales in
€ million

 

Pro­portion of sales %

 

Taxo­nomy­aligned pro­portion of sales, current year %

 

Taxo­nomy­aligned pro­portion of sales, prior year %

 

Category enabling activities

 

Category transi­tional activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. Taxonomy-eligible activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.1 Environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

6.8

 

0.08

 

0.08

 

–

 

 

 

Y

 

 

Total sales from environmentally sustainable activities (taxonomy-aligned)

 

 

 

6.8

 

0.08

 

0.08

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.2 Taxonomy-eligible but not environmentally sustainable activities (non-taxonomy-aligned activities)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

5,436.1

 

66.2

 

 

 

 

 

 

 

 

 

 

Electricity generation from hydropower

 

4.5

 

–

 

–

 

 

 

 

 

 

 

 

 

 

Highly efficient combined heat and power with gaseous fossil fuels

 

4.30

 

–

 

–

 

 

 

 

 

 

 

 

 

 

Construction, extension and operation of waste water collection and treatment

 

5.3

 

5.8

 

0.1

 

 

 

 

 

 

 

 

 

 

Total sales from taxonomy-eligible but not environmentally sustainable activities (non-taxonomy-aligned activities)

 

 

 

5,441.9

 

66.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (A.1 + A.2)

 

 

 

5,448.7

 

66.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B. Non-taxonomy-eligible activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales from non-taxonomy-eligible activities

 

–

 

2,760.6

 

33.6

 

 

 

 

 

 

 

 

 

 

Total (A + B)

 

 

 

8,209.3

 

100

 

 

 

 

 

 

 

 

 

 

* “Sales” (in the sense of turnover as per Regulation (EU) 2021/2178)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Criteria for a substantial contribution

 

 

Economic activities

 

Code

 

Climate change miti­gation %

 

Climate change adap­tation %

 

Water and marine resources %

 

Circular economy %

 

Pollution %

 

Bio­diversity and eco­systems %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.1 Environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

100

 

–

 

–

 

–

 

–

 

–

 

 

Total sales from environmentally sustainable activities (taxonomy-aligned)

 

 

 

100

 

–

 

–

 

–

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DNSH criteria (Do No Significant Harm)

 

 

Economic activities

 

Code

 

Climate change miti­gation Y/N

 

Climate change adap­tation Y/N

 

Water and marine resources Y/N

 

Circular economy Y/N

 

Pollution Y/N

 

Bio­diversity and eco­systems Y/N

 

Mini­mum safe­guards Y/N

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.1 Environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

Total sales from environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
CapEx

 

 

 

 

 

Economic activities

 

Code

 

Absolute CapEx in
€ million

 

Pro­portion of CapEx %

 

Taxo­nomy­aligned CapEX pro­portion, current year %

 

Taxo­nomy­aligned CapEx pro­portion, prior year %

 

Category enabling activities

 

Category transi­tional activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. Taxonomy-eligible activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.1 Environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

0.05

 

0.01

 

0.01

 

–

 

 

 

Y

 

 

Total CapEx for environmentally sustainable activities (taxonomy-aligned)

 

 

 

0.05

 

0.01

 

0.01

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.2 Taxonomy-eligible but not environmentally sustainable activities (non-taxonomy-aligned activities)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

297.0

 

32.63

 

 

 

 

 

 

 

 

 

 

Electricity generation from hydropower

 

4.5

 

1.0

 

0.11

 

 

 

 

 

 

 

 

 

 

Highly efficient combined heat and power with gaseous fossil fuels

 

4.30

 

0.1

 

0.01

 

 

 

 

 

 

 

 

 

 

Construction, extension and operation of waste water collection and treatment

 

5.3

 

0.9

 

0.10

 

 

 

 

 

 

 

 

 

 

Total CapEx for taxonomy-eligible but not environmentally sustainable activities (non-taxonomy-aligned activities)

 

 

 

299.0

 

32.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (A.1 + A.2)

 

 

 

299.1

 

32.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B. Non-taxonomy-eligible activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CapEx for non-taxonomy-eligible activities

 

–

 

611.2

 

67.1

 

 

 

 

 

 

 

 

 

 

Total (A + B)

 

 

 

910.3

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Criteria for a substantial contribution

 

 

Economic activities

 

Code

 

Climate change miti­gation %

 

Climate change adap­tation %

 

Water and marine resources %

 

Circular economy %

 

Pollution %

 

Bio­diversity and eco­systems %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.1 Environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

100

 

–

 

–

 

–

 

–

 

–

 

 

Total CapEx for environmentally sustainable activities (taxonomy-aligned)

 

 

 

100

 

–

 

–

 

–

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DNSH criteria (Do No Significant Harm)

 

 

Economic activities

 

Code

 

Climate change miti­gation Y/N

 

Climate change adap­tation Y/N

 

Water and marine resources Y/N

 

Circular economy Y/N

 

Pollution Y/N

 

Bio­diversity and eco­systems Y/N

 

Mini­mum safe­guards Y/N

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.1 Environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

Total CapEx for environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
OpEx

 

 

 

 

 

Economic activities

 

Code

 

Absolute OpEx in
€ million

 

Pro­portion OpEx %

 

Taxo­nomy­aligned OpEx pro­portion, current year %

 

Taxo­nomy­aligned OpEx pro­portion, prior year %

 

Category enabling activities

 

Category transi­tional activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. Taxonomy-eligible activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.1 Environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

0.09

 

0.01

 

0.01

 

–

 

 

 

Y

 

 

Total OpEx for environmentally sustainable activities (taxonomy-aligned)

 

 

 

0.09

 

0.01

 

0.01

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.2 Taxonomy-eligible but not environmentally sustainable activities (non-taxonomy-aligned activities)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

364.4

 

52.3

 

 

 

 

 

 

 

 

 

 

Electricity generation from hydropower

 

4.5

 

1.4

 

0.2

 

 

 

 

 

 

 

 

 

 

Highly efficient combined heat and power with gaseous fossil fuels

 

4.30

 

1.6

 

0.2

 

 

 

 

 

 

 

 

 

 

Construction, extension and operation of waste water collection and treatment

 

5.3

 

5.7

 

0.8

 

 

 

 

 

 

 

 

 

 

Total OpEx for taxonomy-eligible but not environmentally sustainable activities (non-taxonomy-aligned activities)

 

 

 

373.1

 

53.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (A.1 + A.2)

 

 

 

373.2

 

53.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B. Non-taxonomy-eligible activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OpEx for non-taxonomy-eligible activities

 

–

 

324.0

 

46.5

 

 

 

 

 

 

 

 

 

 

Total (A + B)

 

 

 

697.2

 

100

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Criteria for a substantial contribution

 

 

Economic activities

 

Code

 

Climate change miti­gation %

 

Climate change adap­tation %

 

Water and marine resources %

 

Circular economy %

 

Pollution %

 

Bio­diversity and eco­systems %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.1 Environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

100

 

–

 

–

 

–

 

–

 

–

 

 

Total OpEx for environmentally sustainable activities (taxonomy-aligned)

 

 

 

100

 

–

 

–

 

–

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DNSH criteria (Do No Significant Harm)

 

 

Economic activities

 

Code

 

Climate change miti­gation Y/N

 

Climate change adap­tation Y/N

 

Water and marine resources Y/N

 

Circular economy Y/N

 

Pollution Y/N

 

Bio­diversity and eco­systems Y/N

 

Mini­mum safe­guards Y/N

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A.1 Environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Manufacture of plastics in primary form

 

3.17

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

Total OpEx for environmentally sustainable activities (taxonomy-aligned)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Higher Capital Expenditures for Future Growth