List of abbreviations

ADR

American Depositary Receipts

AFM

The Dutch Authority for the Financial Markets

API

Active Pharmaceutical Ingredients

APM

Alternative performance measures

CDP

The new name for the Carbon Disclosure Project

CEFIC

Conseil Européen des Fédérations de l'Industrie Chimique (European Chemical Industry Council)

CGU

Cash Generating Unit

COA

Corporate Operational Audit department

CoBC

Code of Business Conduct

COD

Chemical Oxygen Demand

CPLC

Carbon Pricing Leadership Coalition

CRA

Corporate Risk Assessment

CRP

Corporate Research Program

CSD

Corporate Strategy Dialogue

CSR

Corporate Social Responsibility

DHA

Docosahexaenoic Acid

DNP

DSM Nutritional Products

DSGC

Dutch Sustainable Growth Coalition

DSP

DSM Sinochem Pharmaceuticals

EBA

Emerging Business Area

EBIT

Earnings Before Interest and Taxes (Operating Profit)

EBITDA

Earnings Before Interest, Taxes, Depreciation and Amortization

EEI

Energy Efficiency Improvement

EPA

Eicosapentaenoic Acid

EPS

Earnings per share

EVP

Executive Vice President

FIFO

First in, first out

FTE

Full-time equivalent

FVTPL

Fair value through profit and loss

FVOCI

Fair value other comprehensive income

GHG

Greenhouse gas

GHGE

Greenhouse gas emissions

GMO

Genetically Modified Organisms

GRI

Global Reporting Initiative

IAS

International Accounting Standards

IASB

International Accounting Standards Board

ICF

Internal Control Framework

IFRIC

International Financial Reporting Interpretation Committee

ILO

International Labour Organization

IP

Intellectual Property

LCA

Life Cycle Assessment

LoR

Letter of Representation

LTI

Long-Term Incentive

LWC

Lost Workday Case

NCI

Non-controlling interests

NGO

Non-Governmental Organization

NPS

Net Promoter Score

OCI

Other Comprehensive Income

OECD

Organisation for Economic Co-operation and Development

PDN

Stichting Pensioenfonds DSM Nederland

PPA

Purchase Price Allocation

PRA

Process Risk Assessment

PSI

Process Safety Incident

PV

Photovoltaic

R&D

Research & Development

ROCE

Return on Capital Employed

SDG

Sustainable Development Goal

SHE

Safety, Health and Environment

SHIBOR

Shanghai Interbank Offered Rate

SPP

Sustainable Procurement Program

STI

Short-Term Incentive

SUN

Scaling Up Nutrition Movement

TCFD

Taskforce for Climate-related Financial Disclosures

TSR

Total Shareholder Return

UN

United Nations

VOC

Volatile Organic Compound

WBCSD

World Business Council for Sustainable Development

WEF

World Economic Forum

WFP

United Nations World Food Programme