Solvay
Solvay S.A., a global leader in advanced materials and specialty chemicals, is headquartered in Belgium (BE) and operates in over 60 countries. Founded in 1863, the company has evolved significantly, marking key milestones such as its expansion into sustainable solutions and innovative technologies. Solvay's core business areas include performance chemicals, advanced materials, and specialty polymers, which are renowned for their unique properties and applications across various industries, including automotive, aerospace, and healthcare. The company is committed to sustainability, focusing on reducing environmental impact while delivering high-performance products. With a strong market position, Solvay has received numerous accolades for its commitment to innovation and sustainability, solidifying its reputation as a trusted partner in the chemical industry.
DitchCarbon Score
How does Solvay's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Chemicals industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Solvay's score of 65 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Solvay's reported carbon emissions
In 2023, Solvay reported total carbon emissions of approximately 22,565,000,000 kg CO2e, with Scope 1 emissions at about 6,673,000,000 kg CO2e, Scope 2 emissions at approximately 600,000 kg CO2e, and Scope 3 emissions reaching around 15,242,000,000 kg CO2e. This marks a decrease from 2022, where total emissions were about 24,000,000,000 kg CO2e. Solvay has set ambitious climate commitments, aiming for carbon neutrality in Scope 1 and 2 emissions by 2050. In the near term, the company targets a 30% reduction in Scope 1 and 2 emissions by 2030 from a 2018 baseline. Additionally, Solvay aims for a 20% reduction in Scope 3 emissions across five key categories by the same year. These targets align with the Science Based Targets initiative (SBTi), which recognises Solvay's commitment to reduce absolute Scope 1 and 2 GHG emissions by 31% and Scope 3 emissions by 24% by 2030, also from a 2018 base year. Solvay's climate action plan reflects a robust approach to addressing greenhouse gas emissions, contributing to global efforts to mitigate climate change.
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Access structured emissions data, company-specific emission factors, and source documents
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,600,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 11,800,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Solvay is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
