For Information: As described in the Notes to the Consolidated Financial Statements, Borealis is in the process of its divesting Fertilizers, Melamine and Technical Nitrogen Products business unit (Borealis NITRO). This has resulted in the “discontinued operation” classification in the Consolidated Financial Statements. Accordingly, turnover, capital expenditure and operating expenditure, as presented in the chapter EU Taxonomy, do not include the nitrogen business unit (except Rosier as this is not part of the NITRO divestment process). All non-financial information for the reporting period 2022 includes Borealis NITRO.
1) Total net sales of Borealis and pro-rata sales of at equity-consolidated companies.
The record net profit for the year amounted to EUR 2,111 million, compared to a net profit of EUR 1,396 million in 2021. The reduction in operating profit was almost fully offset by the increased contribution from Borealis joint ventures, rising from EUR 595 million in 2021 to EUR 1,001 million in 2022.
In 2022, Borealis net interest-bearing debt decreased to EUR -70 million at year end, down from EUR 223 million at the end of 2021. This resulted in a gearing ratio of -1% at the end of 2022, compared to 3% at the end of 2021. This gearing reflects a very strong balance sheet. Borealis benefits from a well-diversified financing portfolio and a balanced maturity profile.
For Information: Borealis Nitro (Fertilizer, Melamine and Technical Nitrogen Business) data is included.
In 2022, Borealis reported a Total Recordable Injury Rate (TRIR) per million working hours of 2.9. This is a deterioration compared to the TRIR rate of 2.3 in 2021.
In line with its “Goal Zero” aim to eliminate all accidents and incidents, Borealis has developed and implemented new measures to enhance safety performance, including the new “B-safe” programme, whose pilot was launched in December in Belgium. B-safe will be successively rolled out across the Borealis Group by mid-2024.
1) Includes own employees and contractors // 2) Definitions were adjusted in 2022 to be aligned with OMV definitions. A comparison to previous years is therefore not possible.
EU Emission Trading Scheme (ETS) CO2 emissions: All greenhouse gas emissions (GHG) as per the European ETS expressed in CO2 equivalents (since 2009 this indicator has replaced the reporting of direct carbon dioxide emissions).
Primary energy consumption: Consumption of all energy vectors (i.e. fuels, electricity and steam). Electricity and steam are converted into primary energy with standard conversion factors of 40% (electricity) and 90% (steam).
1) Severe upsets led to significant emergency flaring during shutdowns; furthermore, there was a lack of recycling capacity.
Flaring losses: All streams sent to the flare, except streams that assure a constant flame (e.g. fuel gases to pilot burners, fuel gas purges to flare lines for safety reasons, steam, nitrogen).
1) The main reason for the increase is the integration of the plastics recycling company mtm plastics GmbH into the monthly group reporting definitions.
Waste generation: Generation of all waste at company locations during normal operation as well as during special projects. Any substance or object that is to be discarded is included in the definition of waste. Exceptions are atmospheric emissions, liquid effluents and by-products with commercial value.
Water consumption: Total amount of fresh water withdrawn from surface or groundwater sources for any type of usage (e.g. cooling, steam generation, cleaning, sanitation).
