Page 38 - Forbes - Asia (September 2018)
P. 38
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PROMOTION
DSM IN MOTION:
DRIVING SUSTAINABILITY
Sustainability is a core platform for the Netherlands-based group as it transforms its businesses to capture growth
opportunities in health, nutrition and materials, according to management board member Dimitri de Vreeze.
DSM is developing fortified rice as part of an integrated approach to optimal nutrition.
In recent years, worldwide concerns over managing board and oversees operations DSM has published a fully integrated
greenhouse gas emissions and their criti- in Asia. “We will deliver on performance annual report for the past five years as
cal impact on the environment have picked to earn the right to be a purpose-led the firm believes its finances, its impact
up pace. Anticipating the growing need to business,” underscoring DSM’s earnings on society and the planet’s sustainability
address climate change, Royal DSM, the growth over past years. are mutualistic.
world’s largest maker of vitamins by volume, “Ten years ago, people were saying The group’s strong earnings growth
has stayed ahead of the curve. It decided either you want to help the world or you underpins the strength of its revised cor-
nearly a decade ago that corporate profit want to make money and decide [between porate strategy, which focuses on inno-
cannot come at the expense of society or the two],” said de Vreeze. “That is, either vative solutions across its nutrition and
the environment, rather, sustainability is syn- you are a NGO [nongovernmental orga- materials business units: nutrition and
onymous with driving profitability. nization wanting to help the world] or a health, climate and energy, and resources
The global chemicals company is trans- private company wanting to make money.” and circularity.
forming its health and material-based “But we said no—that goes hand in hand Its first-quarter net profit for 2018
businesses by focusing on developing sus- as over time, customers won’t accept the more than doubled year on year to €331
tainable, innovative solutions that address products and services of companies who million (US$388 million) as sales rose 13%
nutrition and health, climate and energy, ignore their impact on society,” he said. to €2.4 billion (US$2.8 billion), prompt-
and resources and circularity, where the Most for-profit businesses are aware ing the company to raise its full-year
life cycle of materials is maximized, and that their operations have a significant earnings expectations. The firm set two
products are regenerated. impact on others. While balancing the financial targets for 2019-2021: a high
“DSM’s strategy is to be a purpose- need to perform competitively, shifting single-digit annual percentage increase
led, science-based company in nutri- expectations have led businesses to pub- in adjusted Ebitda, and an about 10%
tion, health and sustainable living,” said lish separate sustainability and annual average annual increase in adjusted net
Dimitri de Vreeze, who sits on the group’s financial reports. operating cash flow.
