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 72 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 650,000,000 kg CO2e, and Scope 3 emissions reaching around 15,242,000,000 kg CO2e. The company has set ambitious climate commitments, aiming for a 31% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, compared to a 2018 baseline. Additionally, Solvay targets a 24% reduction in Scope 3 emissions from key categories by the same year. Since 2017, Solvay has achieved a cumulative reduction of about 2,500,000 kg CO2e in Scope 1 and 2 emissions, aligning with its goal to cut these emissions by one million tonnes by 2025. The company has also committed to becoming carbon neutral across all businesses by 2040, with the exception of Soda Ash, which is targeted for carbon neutrality by 2050. To support these initiatives, Solvay plans to invest up to €1 billion towards achieving these goals. These commitments reflect Solvay's dedication to addressing climate change and reducing its carbon footprint in line with scientific principles.
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| 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 participating in some of the initiatives that 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.
