1、Royal DSM Integrated Annual Report 2020Creating brighter lives for all1 3 4 Table of contents Key data Co-CEO letter Our approach to the Sustainable Development Goals 7 12 12 14 26 41 55 68 83 91 91 103 109 115 116 117 119 119 124 124 129 133 140 Report by the Managing Board Purpose Strategy Case st
2、udies Stakeholders People Planet Profit Review of business Nutrition Materials Innovation Corporate Activities Reporting policies Non-financial reporting policy Corporate governance and risk management Corporate governance Dutch Corporate Governance Code Governance framework DSM Code of Business Con
3、duct Risk management What still went wrong in 2020 Supervisory Board and Managing Board Royal DSM142 Statements of the Managing Board 144 145 146 154 169 Report by the Supervisory Board Supervisory Board Report Remuneration report 2020 Information on the DSM share Sustainability statements 174 191 1
4、91 199 Consolidated financial statements Summary of significant accounting policies Consolidated financial statements Notes to the consolidated financial statements of Royal DSM 205 Parent company financial statements 258 Notes to the parent company financial statements260 267 Other information Inde
5、pendent auditors report 267 279 Assurance report of the independent auditor Special statutory rights 284 286 289 DSM figures:five-year summary Explanation of some concepts and ratios List of abbreviations 296 Royal DSM Integrated Annual Report 2020 Royal DSM Integrated Annual Report 2020 2 Forward-l
6、ooking statements This document may contain forward-looking statements with respect to DSMs future performance and position.Such statements are based on current expectations,estimates and projections by DSM and information currently available to the company.Examples of forward-looking statements inc