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 43 is higher than 65% 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 2024, Solvay reported total carbon emissions of approximately 7,239,000,000 kg CO2e for Scope 1, 763,000,000 kg CO2e for Scope 2 (market-based), and a significant 13,200,000 kg CO2e for investments within Scope 3. The company has set ambitious targets to reduce its greenhouse gas emissions, aiming for a 30% reduction in Scope 1 and 2 emissions by 2030, based on a 2021 baseline. Additionally, Solvay has committed to reducing its Scope 3 emissions by 24% by 2030, with these targets validated by the Science Based Targets initiative (SBTi) in early 2023. Solvay's long-term goal includes achieving carbon neutrality for all businesses by 2040, with the exception of its Soda Ash segment, which is targeted for carbon neutrality by 2050. The company has also pledged to cut its greenhouse gas emissions by 1 million tonnes by 2025. These commitments reflect Solvay's dedication to aligning with a "well below 2°C" trajectory, demonstrating its proactive approach to addressing climate change and reducing its overall carbon footprint.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,600,000,000 | - | - | 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 | - | - | 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 | 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.
