Interests and views of our stakeholders

Corbion recognizes its responsibility to engage with stakeholders and engages with them to gain insights into their interests and perspectives and to integrate these into our strategy for sustainable growth. Capturing stakeholder perspectives and understanding what matters most to them also helps Corbion improve and deliver priorities for long-term value creation and to better anticipate risks. Mapping the interests of stakeholders is a fundamental principle of the ESRS.

Corbion applied the AA1000 Stakeholder Engagement Standard to determine which stakeholder groups to consider. Corbion’s criteria to determine the relevancy of stakeholder groups are Dependency, Responsibility, Tension, Influence, and Diverse perspectives.

Stakeholders were classified in two categories:

Affected stakeholders: Individuals or groups whose interests are affected or could be affected – positively or negatively – by Corbion's activities and through our value chain.
Users of sustainability information: Stakeholders with an interest in our business and activities. A peer benchmark was conducted to validate the completeness of the stakeholder groups.

The final list was validated and approved by the VP Sustainability.

The following stakeholder groups were identified:

Employees
Customers
Suppliers and workers in the supply chain
Financial community
Authorities
Local communities

We believe that maintaining effective dialogues with these groups is vital for creating a responsible, sustainable, and resilient business model. Corbion conducts ongoing conversations with these stakeholders through various means, including materiality assessments, reputation audits, and consumer opinion surveys. Our regular stakeholder engagement informs our sustainability strategy and targets. Our policies are shared with our stakeholders through our website (new window). The outcomes of these interactions inform our strategic decisions, as well as our operational plans and policies. Corbion’s ongoing engagement with these stakeholders was one of the inputs for capturing stakeholder perspectives in the DMA. Our DMA also included 'society' as a stakeholder, represented by NGOs.

Stakeholders

Stakeholder	How we engage	What matters to them	How we act
Employees	Employee surveys, internal communications, meetings, team-building activities, onboarding programs	Talent development, health and well being and labor practices including safety	We prioritize providing a safe and inclusive work environment, as well as supporting our employees in at every stage of their professional journeys.
Customers	Customer feedback channels, regular surveys, trade shows, meetings, email communication, focus groups, social media engagement	High-quality, reliable products and services that meet agreed-upon standards and specifications	Through our Global Quality program, we ensure the safety and efficacy of our products. We ensure certifications are in place to meet customer preferences and industry-adopted standards and requirements. Our top priorities include delivering excellent customer service and achieving On Time In Full delivery. We use customer feedback to drive innovation, continuously developing new solutions.
Suppliers and workers in the supply chain	Supplier meetings, supplier days, meetings with NGOs as proxies for supply chain workers and smallholder farmers, supply chain worker interviews conducted as part of social audits	Responsible sourcing, Product safety and quality, Climate change, Sustainable agriculture, Circular and bioeconomy	We collaborate closely with various suppliers who play a crucial role in our operations and sustainability strategy. Our sustainability initiatives include responsible sourcing, climate action and circularity.
Financial community	1-on-1 and group meetings, investor relations activities, press releases, corporate website	Financial performance, transparency	Corbion maintains transparent and timely communication with financial analysts, investors, and other financial stakeholders. We provide comprehensive information about our purpose, strategy, goals, financial performance, and operations.
Authorities	Collaborative partnerships, engagement with government bodies at various levels, involvement in industry associations	Compliance and responsible operations, by minimizing environmental impact and responsible labor practices	As an industry leader, we engage with European, national, and local government bodies, as well as industry associations across the world, to promote sustainability and responsible business practices.
Local communities	Collaborations with national and local organizations to promote sustainability, open days, regular meetings with local communities, collaborations with local educational institutions, knowledge institutes, innovation partners, and NGOs	Responsible operations, by minimizing environmental impact, creating local job opportunities, ensuring health and safety, and contributing positively to community well-being	We actively engage with our local communities through a range of initiatives aimed at fostering positive relationships, making a meaningful impact on people and the planet, and addressing potential negative impacts.