CSRD Report Reviews

Value chain diagrams

55 value chain diagrams across 39 companies, extracted from FY2024 and/or FY2025 CSRD annual reports. Where a company has a map in both years, the newer one is shown. ESRS 2 SBM-1 requires a description of the value chain; the diagrams below are the most commonly used visual treatment. Click any image to enlarge.

AMAG Austria Metall

1 diagram

AMAG value chain showing upstream primary aluminium (Alouette), own operations at Ranshofen rolling mill, and downstream component production (Übersee/Karlsruhe) — AMAG value chain showing upstream primary aluminium (Alouette), own operations at Ranshofen rolling mill, and downstream component production (Übersee/Karlsruhe)Source: AMAG Austria Metall 2024 annual report, p.5. View original →

Atos

1 diagram

Circular economy lifecycle showing Sourcing, Design, Manufacturing, Atos' own operations, Clients' use, and End of life stages with material IROs — Circular economy lifecycle showing Sourcing, Design, Manufacturing, Atos' own operations, Clients' use, and End of life stages with material IROsSource: Atos 2024 annual report, p.189. View original →

Barco

1 diagram

Barco ecosystem showing upstream (suppliers, component & material sourcing), own operations (manufacturing & assembly), and downstream (utilization & maintenance, sales & installation, transport & distribution) with stakeholder groups — Barco ecosystem showing upstream (suppliers, component & material sourcing), own operations (manufacturing & assembly), and downstream (utilization & maintenance, sales & installation, transport & distribution) with stakeholder groupsSource: Barco 2024 annual report, p.33. View original →

BASF

1 diagram

Upstream value chain / Own production / Downstream value chain showing green transformation initiatives — Upstream value chain / Own production / Downstream value chain showing green transformation initiativesSource: BASF 2024 annual report, p.160. View original →

Bavarian Nordic

2 diagrams

Bavarian Nordic value chain by activity — upstream: raw materials, natural resources, contract research organizations, external manufacturing; own operations: employees, research & development, manufacturing, sales and marketing; downstream: end-users, customers, regulatory agencies, external manufacturing, distribution — Bavarian Nordic value chain by activity — upstream: raw materials, natural resources, contract research organizations, external manufacturing; own operations: employees, research & development, manufacturing, sales and marketing; downstream: end-users, customers, regulatory agencies, external manufacturing, distributionSource: Bavarian Nordic 2025 annual report, p.11. View original →

The same value chain annotated with all 18 material IROs by stage — upstream, own operations and downstream — numbered to the E1/E2/E4/E5/S1/S2/S4/G1 legend — The same value chain annotated with all 18 material IROs by stage — upstream, own operations and downstream — numbered to the E1/E2/E4/E5/S1/S2/S4/G1 legendSource: Bavarian Nordic 2025 annual report, p.56. View original →

Capgemini

1 diagram

Capgemini's value chain showing upstream entities, own operations, and downstream entities with public authorities and civil society stakeholders — Capgemini's value chain showing upstream entities, own operations, and downstream entities with public authorities and civil society stakeholdersSource: Capgemini 2024 annual report, p.146. View original →

CD PROJEKT

1 diagram

CD PROJEKT Group value chain showing upstream services, central activities, and downstream distribution to end-user gaming devices and waste management — CD PROJEKT Group value chain showing upstream services, central activities, and downstream distribution to end-user gaming devices and waste managementSource: CD PROJEKT 2024 annual report, p.19. View original →

Crayon Group Holding

2 diagrams

Crayon's value chain showing Upstream (products, services and solutions), Crayon's own operations (software reseller), and Downstream (customers) — Crayon's value chain showing Upstream (products, services and solutions), Crayon's own operations (software reseller), and Downstream (customers)Source: Crayon Group Holding 2024 annual report, p.48. View original →

Overview of IROs across the value chain showing Upstream, Own Operations, and Downstream stages with material topics — Overview of IROs across the value chain showing Upstream, Own Operations, and Downstream stages with material topicsSource: Crayon Group Holding 2024 annual report, p.50. View original →

Danica Pension

1 diagram

Danica's value chain showing upstream suppliers, own operations (administration and investments), and downstream distribution and output to stakeholders — Danica's value chain showing upstream suppliers, own operations (administration and investments), and downstream distribution and output to stakeholdersSource: Danica Pension 2024 annual report, p.13. View original →

Danone

1 diagram

Assessment of plastics in Danone's value chain showing upstream suppliers, packaging, production sites, and downstream logistics with percentage breakdowns — Assessment of plastics in Danone's value chain showing upstream suppliers, packaging, production sites, and downstream logistics with percentage breakdownsSource: Danone 2024 annual report, p.355. View original →

Demant

2 diagrams

Upstream / Own operations / Downstream value chain with illustrated operational facilities and stakeholders — Upstream / Own operations / Downstream value chain with illustrated operational facilities and stakeholdersSource: Demant 2024 annual report, p.93. View original →

Material topics and value chain showing upstream, own operations, and downstream stages with climate change mitigation, product circularity, and other sustainability themes — Material topics and value chain showing upstream, own operations, and downstream stages with climate change mitigation, product circularity, and other sustainability themesSource: Demant 2024 annual report, p.59. View original →

Eni

2 diagrams

ENI's integrated value chain showing upstream through downstream operations with financial, environmental, industrial, and social performance metrics — ENI's integrated value chain showing upstream through downstream operations with financial, environmental, industrial, and social performance metricsSource: Eni 2024 annual report, p.17. View original →

Eni's value chain from exploration & development through production, trading & shipping, to electricity generation and carbon offsets — Eni's value chain from exploration & development through production, trading & shipping, to electricity generation and carbon offsetsSource: Eni 2024 annual report, p.12. View original →

Equinor

3 diagrams

Energy production and emissions across upstream, own activities, and downstream value chain segments in 2024 — Energy production and emissions across upstream, own activities, and downstream value chain segments in 2024Source: Equinor 2024 annual report, p.107. View original →

Equinor's value chain showing upstream, own activities, and downstream operations across 11 numbered stages from raw material extraction to decommissioning — Equinor's value chain showing upstream, own activities, and downstream operations across 11 numbered stages from raw material extraction to decommissioningSource: Equinor 2024 annual report, p.91. View original →

Marketing, midstream and processing (MMP) value chain showing six stages from Crude, Products and Liquids through to Onshore Plants — Marketing, midstream and processing (MMP) value chain showing six stages from Crude, Products and Liquids through to Onshore PlantsSource: Equinor 2024 annual report, p.22. View original →

F Secure

1 diagram

F-Secure Value Chain showing Upstream suppliers and resources, Own operations with diverse Board and key functions, and Downstream service providers and consumers. — F-Secure Value Chain showing Upstream suppliers and resources, Own operations with diverse Board and key functions, and Downstream service providers and consumers.Source: F Secure 2024 annual report, p.43. View original →

Frequentis

1 diagram

Frequentis value chain showing Upstream suppliers/subcontractors, Frequentis core activities, and Downstream implementation partners and customers — Frequentis value chain showing Upstream suppliers/subcontractors, Frequentis core activities, and Downstream implementation partners and customersSource: Frequentis 2024 annual report, p.50. View original →

GN Store Nord

1 diagram

GN's value chain showing upstream raw material extraction through own operations (component manufacturing, product assembly, retail) to downstream distribution, product repair, and end-of-life waste treatment. — GN's value chain showing upstream raw material extraction through own operations (component manufacturing, product assembly, retail) to downstream distribution, product repair, and end-of-life waste treatment.Source: GN Store Nord 2024 annual report, p.48. View original →

HUGO BOSS

1 diagram

HUGO BOSS value chain showing Upstream (Tier 1-4 suppliers), Own Operations (production, logistics, administration), and Downstream (distribution, use phase, end-of-life) — HUGO BOSS value chain showing Upstream (Tier 1-4 suppliers), Own Operations (production, logistics, administration), and Downstream (distribution, use phase, end-of-life)Source: HUGO BOSS 2024 annual report, p.64. View original →

KRONES

2 diagrams

Krones sustainability targets across Upstream chain, Own operations, and Downstream chain with Net-Zero 2040 commitment — Krones sustainability targets across Upstream chain, Own operations, and Downstream chain with Net-Zero 2040 commitmentSource: KRONES 2024 annual report, p.84. View original →

Value chain showing upstream suppliers, own operations (production sites and LCS centers), and downstream customers across geographic regions and activities — Value chain showing upstream suppliers, own operations (production sites and LCS centers), and downstream customers across geographic regions and activitiesSource: KRONES 2024 annual report, p.82. View original →

Lectra

2 diagrams

Equipment value chain from upstream procurement through own operations (design, production, storage, sales) to downstream device usage and end-of-life — Equipment value chain from upstream procurement through own operations (design, production, storage, sales) to downstream device usage and end-of-lifeSource: Lectra 2024 annual report, p.56

Software value chain showing upstream procurement, own operations (R&D, sales, maintenance & evolution, software use), and downstream end-of-life stages with actors and value chain participants — Software value chain showing upstream procurement, own operations (R&D, sales, maintenance & evolution, software use), and downstream end-of-life stages with actors and value chain participantsSource: Lectra 2024 annual report, p.57

Leroy Merlin España

1 diagram

Value chain showing upstream activities, company's own operations (sales and services), and downstream activities. — Value chain showing upstream activities, company's own operations (sales and services), and downstream activities.Source: Leroy Merlin España 2024 annual report, p.39. View original →

Netcompany

1 diagram

Value chain showing Upstream (IT hardware components, software licenses), Own operations (software design, system integration, deployment, go-to-market, output and delivery, support activities), Downstream (products and platforms, data centres/servers, end-of-life IT hardware), and Outcomes (digitalising public institutions and businesses for economic and societal benefit) — Value chain showing Upstream (IT hardware components, software licenses), Own operations (software design, system integration, deployment, go-to-market, output and delivery, support activities), Downstream (products and platforms, data centres/servers, end-of-life IT hardware), and Outcomes (digitalising public institutions and businesses for economic and societal benefit)Source: Netcompany 2024 annual report, p.72. View original →

NNIT

1 diagram

Value chain stages from upstream suppliers through own operations to downstream citizens/patients — Value chain stages from upstream suppliers through own operations to downstream citizens/patientsSource: NNIT 2024 annual report, p.49. View original →

Ørsted

5 diagrams

Climate change impacts, risks and opportunities across upstream value chain, own operations, and downstream value chain — Climate change impacts, risks and opportunities across upstream value chain, own operations, and downstream value chainSource: Ørsted 2024 annual report, p.81. View original →

E4 Biodiversity and ecosystems impacts across upstream value chain and own operations — E4 Biodiversity and ecosystems impacts across upstream value chain and own operationsSource: Ørsted 2024 annual report, p.108. View original →

E5 Resource use and circular economy value chain showing upstream and own operations with material impacts, risks, and opportunities — E5 Resource use and circular economy value chain showing upstream and own operations with material impacts, risks, and opportunitiesSource: Ørsted 2024 annual report, p.116. View original →

S3 Affected communities: upstream value chain / own operations showing impacts, risks, and opportunities (IROs) — S3 Affected communities: upstream value chain / own operations showing impacts, risks, and opportunities (IROs)Source: Ørsted 2024 annual report, p.145. View original →

S2 Workers in the value chain showing upstream material impacts, risks, and opportunities (IROs) — S2 Workers in the value chain showing upstream material impacts, risks, and opportunities (IROs)Source: Ørsted 2024 annual report, p.137. View original →

Pandora

1 diagram

Value chain from inbound logistics & sourcing (upstream) through own operations to outbound logistics & service (downstream) with material impacts, risks and opportunities (IROs) mapped to each stage — Value chain from inbound logistics & sourcing (upstream) through own operations to outbound logistics & service (downstream) with material impacts, risks and opportunities (IROs) mapped to each stageSource: Pandora 2024 annual report, p.52. View original →

Randstad

1 diagram

Randstad's value chain showing upstream (talent, clients, suppliers), own activities (operational, professional, digital, enterprise), and downstream (clients, talent) with stakeholders present across the entire chain — Randstad's value chain showing upstream (talent, clients, suppliers), own activities (operational, professional, digital, enterprise), and downstream (clients, talent) with stakeholders present across the entire chainSource: Randstad 2024 annual report, p.95. View original →

Repsol

1 diagram

Repsol's value chain showing Upstream, Industrial, LCG, and Customer segments with main stakeholders and activities — Repsol's value chain showing Upstream, Industrial, LCG, and Customer segments with main stakeholders and activitiesSource: Repsol 2024 annual report, p.97. View original →

RHI Magnesita

2 diagrams

RHI Magnesita value chain showing raw materials, R&D, monitoring, and removal through production, design, maintenance, and recycling to logistics, installation, and optimisation — RHI Magnesita value chain showing raw materials, R&D, monitoring, and removal through production, design, maintenance, and recycling to logistics, installation, and optimisationSource: RHI Magnesita 2024 annual report, p.11. View original →

Circular value chain showing refractory production and distribution, services and solutions, with purpose, values and culture at the center — Circular value chain showing refractory production and distribution, services and solutions, with purpose, values and culture at the centerSource: RHI Magnesita 2024 annual report, p.10. View original →

Royal Schiphol

2 diagrams

Royal Schiphol Group value chain showing upstream Aviation/Construction/Retail/Transport, airport processes in own operations, and downstream residuals flows — Royal Schiphol Group value chain showing upstream Aviation/Construction/Retail/Transport, airport processes in own operations, and downstream residuals flowsSource: Royal Schiphol 2024 annual report, p.11. View original →

Value chain RSG activities showing Upstream, Airport, and Downstream stages across Aviation, Construction and Infrastructure, Retail/F&B/Services, and Transport sectors — Value chain RSG activities showing Upstream, Airport, and Downstream stages across Aviation, Construction and Infrastructure, Retail/F&B/Services, and Transport sectorsSource: Royal Schiphol 2024 annual report, p.182. View original →

Saab

1 diagram

Value chain perspective showing Upstream (Indirect/Direct Suppliers), Own operations (Saab), and Downstream (Sales/Marketing, End-use, Service) with prioritized sustainability areas, industry context, and geographical impact — Value chain perspective showing Upstream (Indirect/Direct Suppliers), Own operations (Saab), and Downstream (Sales/Marketing, End-use, Service) with prioritized sustainability areas, industry context, and geographical impactSource: Saab 2024 annual report, p.77. View original →

SOLVAY

1 diagram

Solvay Value Chain showing Upstream suppliers and raw materials, Solvay Operations production sites, and Downstream essential products across seven industry sectors — Solvay Value Chain showing Upstream suppliers and raw materials, Solvay Operations production sites, and Downstream essential products across seven industry sectorsSource: SOLVAY 2024 annual report, p.115. View original →

SSAB

2 diagrams

SSAB's steel production value chain showing transition from current phase (coal, blast furnace) to future phase (fossil-free electricity, electric arc furnace) across sourcing, production, processing, and finished products stages — SSAB's steel production value chain showing transition from current phase (coal, blast furnace) to future phase (fossil-free electricity, electric arc furnace) across sourcing, production, processing, and finished products stagesSource: SSAB 2024 annual report, p.23. View original →

Steel production value chain from raw materials through production, transportation, use phase, end-of-life recycling, and by-products management — Steel production value chain from raw materials through production, transportation, use phase, end-of-life recycling, and by-products managementSource: SSAB 2024 annual report, p.74. View original →

Stellantis

1 diagram

Stellantis automotive value chain spanning upstream raw materials and components, own operations assembly and production, and downstream logistics, sales, and end-of-life processing — Stellantis automotive value chain spanning upstream raw materials and components, own operations assembly and production, and downstream logistics, sales, and end-of-life processingSource: Stellantis 2024 annual report, p.181. View original →

Teleperformance

1 diagram

Value chain showing Upstream (Suppliers, Procurement, Infrastructure), Business operations, and Downstream (Clients, Consumers, Communities, Positive impact) — Value chain showing Upstream (Suppliers, Procurement, Infrastructure), Business operations, and Downstream (Clients, Consumers, Communities, Positive impact)Source: Teleperformance 2024 annual report, p.100. View original →

Tietoevry

1 diagram

Tietoevry's value chain showing upstream suppliers, own operations (people, assets, processes), and downstream customers and society — Tietoevry's value chain showing upstream suppliers, own operations (people, assets, processes), and downstream customers and societySource: Tietoevry 2024 annual report, p.82. View original →

TKH

2 diagrams

Social - material IROs across Upstream / Own operations / Downstream with reasonably expected time horizons — Social - material IROs across Upstream / Own operations / Downstream with reasonably expected time horizonsSource: TKH 2024 annual report, p.98. View original →

TKH's value creation cycle showing six interconnected operational areas: Customers, Research & Development, Engineering & Operations, Technologies & comprehensive solutions, Logistics, and Circulare economy & recycling — TKH's value creation cycle showing six interconnected operational areas: Customers, Research & Development, Engineering & Operations, Technologies & comprehensive solutions, Logistics, and Circulare economy & recyclingSource: TKH 2024 annual report, p.29. View original →

TotalEnergies

1 diagram

Integrated value chain showing Distribute → Transform & Transport → Produce stages across renewable energies, natural gas, low-carbon molecules, and oil operations — Integrated value chain showing Distribute → Transform & Transport → Produce stages across renewable energies, natural gas, low-carbon molecules, and oil operationsSource: TotalEnergies 2024 annual report, p.12. View original →

Veolia

1 diagram

Veolia environmental services value chain showing upstream (regulatory authority, entity responsible, analysis, expert advice), Veolia operations (service delivery via infrastructure), and downstream (society, planet, shareholders and their respective stakeholders) — Veolia environmental services value chain showing upstream (regulatory authority, entity responsible, analysis, expert advice), Veolia operations (service delivery via infrastructure), and downstream (society, planet, shareholders and their respective stakeholders)Source: Veolia 2024 annual report, p.188. View original →

Vestas

1 diagram

Vestas value chain showing upstream suppliers, own operations (construction, manufacturing, O&M, project development), and downstream activities (customers, decommissioning, waste/end-of-life) — Vestas value chain showing upstream suppliers, own operations (construction, manufacturing, O&M, project development), and downstream activities (customers, decommissioning, waste/end-of-life)Source: Vestas 2024 annual report, p.62. View original →

WithSecure

1 diagram

WithSecure's value chain from equipment and materials manufacturing through suppliers, digital products, partners, to customers and end-users — WithSecure's value chain from equipment and materials manufacturing through suppliers, digital products, partners, to customers and end-usersSource: WithSecure 2024 annual report, p.36. View original →