Value and risk reporting practice among listed companies in Belgium.

In this report we describe the general practices, among Belgian public firms, re voluntary disclosure. We provide an overall score, a subtotal for each of ten information categories, and individual scores. We find that only two subtotals, Management & Performance and Organization & Strategy, fare rather well almost across the board. The value drivers, in contrast, tend to come in among the lowest-ranked items, as does Risk Management. For two value drivers, Brands and Customers, around half of the companies even remain utterly silent. Across firms, there often is a pronounced right-skewness among the rankings for one subcategory. On more than half the items that could logically help determine value, more than half of the firms provide no information whatsoever.The top-performing companies are doing spectacularly better on Risk Management, and (relatively) worse on macro information. Manufacturing firms do best, both in terms of total rating as well as on most subcategories, followed by retail/distribution/media (RDM) and then Technology.Optimal; Value; Risk; Reporting; Companies; Firms; Disclosure; Information; Management; Performance; Strategy; Risk management; Brands; Manufacturing;

Evolution of marine storminess in the Belgian part of the North Sea

Severe storms have affected European coast lines in the past but knowledge on changes in storminess for the last decades is still sparse. Climate change is assumed to be a main driving factor with the potential to induce changes on the intensity, duration and frequency of powerful marine storms, including a long-term influence on peak wind speeds, surges and waves. It is, therefore, important to investigate whether in the last decades changes in the magnitude of storms, their duration and frequency could be observed. Understanding trends in storminess in the last decades will help to better prepare coastal managers for future events, taking into account potential changes on storm occurrence and magnitude to improve planning of mitigation and adaptation strategies. The purpose of this study was to focus on the evolution of extreme wind conditions, wave height and storm surge levels in the North Sea Region, especially in the Belgian part of the North Sea (BPNS). Based on the analysis performed it is concluded that no clear trend can be observed for the occurrence of significant increasing extreme wind speeds over the BPNS. Furthermore, one can conclude that not enough scientific evidence is available to support scenarios with increased wave height or storminess

Assessing the efficiency of Laser-Induced Breakdown Spectroscopy (LIBS) based sorting of post-consumer aluminium scrap

The aluminium Twitch fraction of a Belgian recycling facility could be further sorted by implementing Laser-Induced Breakdown Spectroscopy (LIBS). To achieve this goal, the presented research identifies commercially interesting output fractions and investigates machine learning methods to classify the post-consumer aluminium scrap samples based on the spectral data collected by the LIBS sensor for 834 aluminium scrap pieces. The classification performance is assessed with X-Ray Fluorescence (XRF) reference measurements of the investigated aluminium samples, and expressed in terms of accuracy, precision, recall, and f1 score. Finally, the influence of misclassifications on the composition of the desired output fractions is evaluated.Peer ReviewedPostprint (published version

Techno-economic assessment of robotic sorting of aluminium scrap

Due to shifting material use in several sectors, such as the automotive sector, the demand for wrought aluminium alloys is significantly increasing. Because of their low weight and desirable mechanical properties, wrought aluminium alloys find their use in many different applications. However, the primary production of aluminium is extremely energy intensive. Therefore, using secondary aluminium yields major environmental benefits. Hence, in order to avoid degradation of the aluminium quality during recycling, sorting aluminium alloys, based on their alloying elements, is necessary. Today, various non-ferrous metal fractions are either still sorted manually in unhealthy working conditions, resulting in either high labour costs, or the export of this waste stream to countries with a lower labour cost. With the emergence of novel spectrometric techniques, such as laser-induced breakdown spectrometry (LIBS) and deep learning computer vision techniques, the technical feasibility of classifying different aluminium alloys has been demonstrated. Therefore, the techno-economic viability of a robotic sorting process, that could be combined with such advanced classification systems, is presented. This study presents the development and evaluation of a robotic sorting system consisting of; a vision system, a conveyor, a SCARA robot and a pneumatic gripper. The vision system recognises the dimensions and positions of the objects on the conveyor and communicates with an innovative sequence planning algorithm. The use of experimental data enables to obtain realistic insights in the sorting efficiencies that can be obtained. The initial economic analysis illustrates the substantial potential of the proposed robotic sorting approach. To overcome saturation of the conveyor belt, two of the proposed systems are assumed to be capable of sorting 20.000 tons of aluminium annually each equipped with 6 robots creating a total added revenue up to 1,95 million euro per year.Peer ReviewedPostprint (published version