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 62 is higher than 80% 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 greenhouse gas emissions of approximately 23,536,000,000 kg CO2e, with Scope 1 emissions at about 6,791,000,000 kg CO2e, Scope 2 emissions at approximately 668,000,000 kg CO2e (market-based), and Scope 3 emissions reaching about 16,077,000,000 kg CO2e. This represents a slight increase from 2023, where total emissions were about 22,565,000,000 kg CO2e. Solvay has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 30% by 2030, based on a 2021 baseline. Additionally, the company targets a 24% reduction in Scope 3 emissions by 2030, validated by the Science Based Targets initiative (SBTi) in early 2023. The company also aims for carbon neutrality in its operations by 2040, with the exception of its Soda Ash business, which is targeted for carbon neutrality by 2050. These commitments align with Solvay's broader sustainability strategy, which includes a commitment to reduce greenhouse gas emissions by 1 million tonnes by 2025. The company is focused on achieving these targets through various initiatives and innovations in its operations.
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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 | 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 | 0,000,000,000 | 00,000,000,000 | 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 |
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.
