Back to News

Annual Report 2020 published

In spring 2020, Borealis teamed up with paper republic, to produce sustainable and reusable face masks which have an plastic-based filter produced by Borealis at their Innovation Headquarters in Linz, Austria.

photo: © Borealis

  • Combined non-financial and financial report available for download
  • Highlights summarised in online version

With a net profit of EUR 589 million in 2020, Borealis achieved a strong financial result and demonstrated its resilience in an extraordinary year: a global market reeling from the effects of the coronavirus pandemic and an unprecedented slump in the price of oil in the first months of the year. Yet polyolefin sales volume growth for Borealis and its joint ventures, Borouge and Baystar™ points to robust demand for its innovative products, even in the most challenging of market environments.

The new global Group Strategy 2035 rolled out at the beginning of 2020 encapsulates the company’s commitment to achieving sustainable growth in the long term: “Life demands progress – we are re-inventing for more sustainable living.”

Despite disruptions to infrastructure and supply chains around the world caused by the pandemic, Borealis continued to make good progress on its major growth projects.

Through its dedication to Value Creation through Innovation and customer-centricity, Borealis has accelerated the shift to plastics circularity by developing and launching a wide range of material solutions in the circular economy sphere. Its own extensive investment in mechanical and chemical recycling will now be augmented by new synergistic effects to be gained through the closer relationship with OMV.

Borealis’ management has also set ambitious goals to counter climate change by using a higher share of energy derived from renewable sources in its operations, significantly increasing energy efficiency and reducing flaring.

Learn more about our performance in 2020:

The full report is available for download in English and German language here

Browse through the digital report in English language here

In spring 2020, Borealis teamed up with paper republic, to produce sustainable and reusable face masks which have an plastic-based filter produced by Borealis at their Innovation Headquarters in Linz, Austria.

photo: © Borealis

Downloads
Combined Annual Report Borealis Group 2020 English, German
In spring 2020, Borealis teamed up with paper republic, to produce sustainable and reusable face masks which have an plastic-based filter produced by Borealis at their Innovation Headquarters in Linz, Austria. photo: © Borealis
Media Contact
Group Media desk
Virginia Wieser, Lena Lehner
+43 1 22 400 899 (Vienna, Austria)
media@borealisgroup.com

Related News

Media Release – 01/02/2023

Borealis appoints Stefan Toader as Vice President Reliability, Turnarounds and Projects

Read more

News – 23/01/2023

About the Kallo Case

Read more

News – 19/01/2023

Borealis ranked second as Austria’s Leading International Company

Read more

Media Release – 19/01/2023

Borealis Borcycle™ C chemical recycling provides circular solutions for crosslinked polyethylene for the Wire & Cable and Infrastructure sectors

Read more

Media Release – 17/01/2023

Borealis demonstrates commitment to the highest sustainability standards with ISCC PLUS certification for Ecoplast site

Read more

Media Release – 12/01/2023

Borealis acquires a majority stake in Renasci signalling on-going commitment to leading the transformation to a circular economy

Read more

Media Release – 02/01/2023

Borealis and YILDIRIM announce completion of the sale of Borealis’ shareholding in Rosier SA to YILDIRIM Group’s YILFERT Holding

Read more

Media Release – 19/12/2022

Borealis and VERBUND sign first long-term hydropower PPA to supply Borealis operations in Schwechat, Austria as of January 2023

Read more

News – 14/12/2022

The Design for Recycling challenge in Healthcare

Read more