Annual Report 2024

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

The following disclosures relate to those activities to be regarded as taxonomy-aligned in relation to the “Manufacture of plastics in primary form.” The basis for calculation – as regards the activity identified as taxonomy-eligible (“Plastics in primary form”) – 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 are 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.

As regards the activity identified as taxonomy-eligible (“Plastics in primary form”), the proportion of taxonomy-aligned sales to total sales of the Group is 0.13 percent, whereas the proportion of sales from taxonomy-eligible activities is 74.1 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 taxonomy alignment.
  • Renewable raw materials are not available in sufficient quantities and at competitive prices, making it currently impossible to replace fossil-based raw material with renewable.
  • 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 expenditure and operating expenditure 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 47.2 percent for taxonomy-eligible CapEx.

At 0.03 percent, the taxonomy-aligned share of OpEx (including maintenance and servicing) in total OpEx is likewise substantially lower than the taxonomy-eligible share of 46.3 percent.

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

Proportion of sales from goods and services related to taxonomy-aligned economic activities – 2024 disclosure

Financial year 2024

 

Year

 

Substantial contribution criteria

 

DNSH criteria
(“Does Not Significantly Harm”)

 

 

 

 

 

 

 

 

Economic activities (1)

 

Code (2)

 

Turn­over* (3)

 

Propor­tion of Turn­over*, 2024 (4)

 

Cli­mate Change Miti­gation (5)

 

Cli­mate Change Adap­tation (6)

 

Water (7)

 

Pollu­tion (8)

 

Circu­lar Eco­nomy (9)

 

Biodi­versity (10)

 

Cli­mate Change Miti­gation (11)

 

Cli­mate Change Adap­tation (12)

 

Water (13)

 

Pollu­tion (14)

 

Circu­lar Eco­nomy (15)

 

Biodi­versity (16)

 

Mini­mum Safe­guards (17)

 

Propor­tion of Taxo­nomy­aligned (A.1) or -eligible (A.2) Turnover*, 2023 (18)

 

Category en­abling activity (19)

 

Category transi­tional activity (20)

 

 

 

 

€ mil.

 

%

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

%

 

E

 

T

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. TAXONOMY-ELIGIBLE ACTIVITIES

A.1 Environmentally sustainable activities (Taxonomy-aligned)

Manufacture of plastics in primary form

 

CCM
3.17

 

7.5

 

0.13

 

Y**

 

N/EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

0.10

 

–

 

T

Turnover* of environmentally sustainable activities (Taxonomy-aligned) (A.1)

 

 

 

7.5

 

0.13

 

Y**

 

N/EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

0.10

 

 

 

 

Of which Enabling

 

 

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

 

 

–

 

 

Of which Transitional

 

 

 

 

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

0.10

 

 

 

T

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

Manufacture of plastics in primary form

 

CCM
3.17

 

4,242.1

 

74.1

 

EL***

 

N/EL***

 

N/EL***

 

N/EL***

 

N/EL***

 

N/EL***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

66.9

 

 

 

 

Manufacture of active pharmaceutical ingredients (API) or active substances

 

PPC
1.1

 

144.4

 

2.5

 

N/EL***

 

N/EL***

 

N/EL***

 

N/EL***

 

N/EL***

 

N/EL***

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.65

 

 

 

 

Turnover* of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)

 

 

 

4,386.4

 

76.7

 

 

 

–

 

–

 

 

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

68.6

 

 

 

 

A. Turnover* of Taxonomy-eligible activities (A.1 + A.2)

 

 

 

4,393.9

 

76.8

 

 

 

–

 

–

 

 

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

68.7

 

 

 

 

B. TAXONOMY-NON-ELIGIBLE ACTIVITIES

Turnover* of Taxonomy-non-eligible activities (B)

 

 

 

1,327.8

 

23.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (A + B)

 

 

 

5,721.8

 

100.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

Turnover (corresponds to "sales" in this report)

**

Y – Yes, Taxonomy-eligible and Taxonomy-aligned activity with the relevant environmental objective
N – No, Taxonomy-eligible but not Taxonomy-aligned activity with the relevant environmental objective
N/EL – not eligible, Taxonomy-non-eligible activity for the relevant environmental objective

***

EL – Taxonomy-eligible activity for the relevant objective
N/EL – Taxonomy-non-eligible activity for the relevant objective
Proportion of CapEx from goods and services related to taxonomy-aligned economic activities – 2024 disclosure

Financial year 2024

 

Year

 

Substantial contribution criteria

 

DNSH criteria
(“Does Not Significantly Harm”)

 

 

 

 

 

 

 

 

Economic activities (1)

 

Code (2)

 

CapEx (3)

 

Propor­tion of CapEx, 2024 (4)

 

Cli­mate Change Miti­gation (5)

 

Cli­mate Change Adap­tation (6)

 

Water (7)

 

Pollu­tion (8)

 

Circu­lar Eco­nomy (9)

 

Biodi­versity (10)

 

Cli­mate Change Miti­gation (11)

 

Cli­mate Change Adap­tation (12)

 

Water (13)

 

Pollu­tion (14)

 

Circu­lar Eco­nomy (15)

 

Biodi­versity (16)

 

Mini­mum Safe­guards (17)

 

Propor­tion of Taxo­nomy­aligned (A.1) or -eligible (A.2) CapEx, 2023 (18)

 

Category en­abling activity (19)

 

Category transi­tional activity (20)

 

 

 

 

€ mil.

 

%

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

%

 

E

 

T

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. TAXONOMY-ELIGIBLE ACTIVITIES

A.1 Environmentally sustainable activities (Taxonomy-aligned)

Manufacture of plastics in primary form

 

CCM
3.17

 

0.1

 

0.01

 

Y*

 

N/EL*

 

N/EL*

 

N/EL*

 

N/EL*

 

N/EL*

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

0.02

 

–

 

T

CapEx of environmentally sustainable activities (Taxonomy-aligned) (A.1)

 

 

 

0.1

 

0.01

 

Y*

 

N/EL*

 

N/EL*

 

N/EL*

 

N/EL*

 

N/EL*

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

0.02

 

 

 

 

Of which Enabling

 

 

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

 

 

–

 

 

Of which Transitional

 

 

 

 

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

0.02

 

 

 

T

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

Manufacture of plastics in primary form

 

CCM
3.17

 

376.7

 

47.2

 

EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31.0

 

 

 

 

Manufacture of active pharmaceutical ingredients (API) or active substances

 

PPC
1.1

 

52.2

 

6.5

 

N/EL**

 

N/EL**

 

N/EL**

 

EL**

 

N/EL**

 

N/EL**

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15.90

 

 

 

 

CapEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)

 

 

 

428.8

 

53.8

 

 

 

–

 

–

 

–

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

46.8

 

 

 

 

A. CapEx of Taxonomy-eligible activities (A.1 + A.2)

 

 

 

428.9

 

53.8

 

 

 

–

 

–

 

–

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

46.8

 

 

 

 

B. TAXONOMY-NON-ELIGIBLE ACTIVITIES

CapEx of Taxonomy-non-eligible activities

 

 

 

368.6

 

46.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (A + B)

 

 

 

797.5

 

100.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

Y – Yes, Taxonomy-eligible and Taxonomy-aligned activity with the relevant environmental objective
N – No, Taxonomy-eligible but not Taxonomy-aligned activity with the relevant environmental objective
N/EL – not eligible, Taxonomy-non-eligible activity for the relevant environmental objective

**

EL – Taxonomy-eligible activity for the relevant objective
N/EL – Taxonomy-non-eligible activity for the relevant objective
Proportion of OpEx from goods and services related to taxonomy-aligned economic activities – 2024 disclosure

Financial year 2024

 

Year

 

Substantial contribution criteria

 

DNSH criteria
(“Does Not Significantly Harm”)

 

 

 

 

 

 

 

 

Economic activities (1)

 

Code (2)

 

OpEx (3)

 

Propor­tion of OpEx, 2024 (4)

 

Cli­mate Change Miti­gation (5)

 

Cli­mate Change Adap­tation (6)

 

Water (7)

 

Pollu­tion (8)

 

Circu­lar Eco­nomy (9)

 

Biodi­versity (10)

 

Cli­mate Change Miti­gation (11)

 

Cli­mate Change Adap­tation (12)

 

Water (13)

 

Pollu­tion (14)

 

Circu­lar Eco­nomy (15)

 

Biodi­versity (16)

 

Mini­mum Safe­guards (17)

 

Propor­tion of Taxo­nomy­aligned (A.1) or -eligible (A.2) OpEx, 2023 (18)

 

Category en­abling activity (19)

 

Category transi­tional activity (20)

 

 

 

 

€ mil.

 

%

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;
N/EL

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

Y; N;

 

%

 

E

 

T

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A. TAXONOMY-ELIGIBLE ACTIVITIES

A.1 Environmentally sustainable activities (Taxonomy-aligned)

Manufacture of plastics in primary form

 

CCM
3.17

 

0.2

 

0.03

 

Y*

 

N/EL*

 

N/EL*

 

N/EL*

 

N/EL*

 

N/EL*

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

0.02

 

–

 

T

OpEx of environmentally sustainable activities (Taxonomy-aligned) (A.1)

 

 

 

0.2

 

0.03

 

Y*

 

N/EL*

 

N/EL*

 

N/EL*

 

N/EL*

 

N/EL*

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

0.02

 

 

 

 

Of which Enabling

 

 

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

–

 

 

 

–

 

 

Of which Transitional

 

 

 

 

 

 

 

100

 

 

 

 

 

 

 

 

 

 

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

Y

 

0.02

 

 

 

T

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

Manufacture of plastics in primary form

 

CCM
3.17

 

350.1

 

46.3

 

EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

N/EL**

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

47.9

 

 

 

 

Manufacture of active pharmaceutical ingredients (API) or active substances

 

PPC
1.1

 

12.8

 

1.7

 

N/EL**

 

N/EL**

 

N/EL**

 

EL**

 

N/EL**

 

N/EL**

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.5

 

 

 

 

OpEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)

 

 

 

362.8

 

48.0

 

 

 

–

 

–

 

–

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

49.4

 

 

 

 

A. OpEx of Taxonomy-eligible activities (A.1 + A.2)

 

 

 

363.0

 

48.0

 

 

 

–

 

–

 

–

 

–

 

–

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

49.5

 

 

 

 

B. TAXONOMY-NON-ELIGIBLE ACTIVITIES

OpEx of Taxonomy-non-eligible activities

 

 

 

392.8

 

52.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (A + B)

 

 

 

755.8

 

100.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

Y – Yes, Taxonomy-eligible and Taxonomy-aligned activity with the relevant environmental objective
N – No, Taxonomy-eligible but not Taxonomy-aligned activity with the relevant environmental objective
N/EL – not eligible, Taxonomy-non-eligible activity for the relevant environmental objective

**

EL – Taxonomy-eligible activity for the relevant objective
N/EL – Taxonomy-non-eligible activity for the relevant objective
Scope of taxonomy eligibility and taxonomy alignment by environmental objective

2024

 

Percentage of sales/Total sales (%)

 

Percentage of CapEx/Total CapEx (%)

 

Percentage of OpEx/Total OpEx (%)

 

 

Aligned per objective

 

Eligible per objective

 

Aligned per objective

 

Eligible per objective

 

Aligned per objective

 

Eligible per objective

 

 

 

 

 

 

 

 

 

 

 

 

 

CCM (Climate Change Mitigation)

 

0.13

 

74.2

 

0.01

 

47.2

 

0.03

 

46.3

CCA (Climate Change Adaptation)

 

–

 

–

 

–

 

–

 

–

 

–

WTR (Water)

 

–

 

–

 

–

 

–

 

–

 

–

CE (Circular Economy)

 

–

 

–

 

–

 

–

 

–

 

–

PPC (Pollution Prevention and Control)

 

–

 

2.5

 

–

 

6.5

 

–

 

1.7

BIO (Biodiversity and Ecosystems)

 

–

 

–

 

–

 

–

 

–

 

–

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