targets In November 2015 DSM announced that up to 2018 it was targeting a high single-digit annual percentage increase in EBITDA and a high double-digit annual basis point increase in Return on Capital Employed (ROCE). It will focus on organic sales growth, reducing costs and strict capital allocation and does not expect to engage in large acquisitions in the near future. Environmental targets Within its corporate strategy the company also defines long-term sustainability aspirations, which include targets to improve the eco-efficiency of its operations. In November 2015 DSM set the following environmental reduction targets: Since 2010, the Short- and Long-Term Incentive elements of the remuneration of DSM's Managing Board and executive bonuses relate to the company's financial and environmental performance in equal measure. Since 2004 DSM has been either the Materials industry group leader, (7 years) or among the leaders in the annual Dow Jones Sustainability Index. Shares DSM is listed on Euronext Amsterdam and is a constituent of the AEX index. Options on DSM shares are traded on the European Option Exchange in Amsterdam. In the US, a sponsored unlisted American Depositary Receipts (ADR) programme is provided by Deutsche Bank Trust Co. Americas. These ADR's are listed on the OTCQX International Premier Marketplace. References Chemical companies of the Netherlands Multinational companies headquartered in the Netherlands Coal companies of the Netherlands Multinational companies Companies based in Limburg (Netherlands) South Limburg (Netherlands) Buildings and structures in Heerlen Companies listed on Euronext Amsterdam Chemical companies established in 1902