Solvay

Solvay, a chemicals company headquartered in Belgium, has established comprehensive climate commitments, including ambitious emissions reduction targets for Scope 1, 2, and 3 greenhouse gas (GHG) emissions. For 2023, Solvay reported total Scope 1 and 2 emissions of approximately 7.3 billion kg CO2e, with Scope 1 accounting for about 7.07 billion kg CO2e and Scope 2 at approximately 737 million kg CO2e (market-based). Scope 3 emissions for the same year were substantial, totalling around 11.5 billion kg CO2e, with significant contributions from purchased goods and services (approximately 5.24 billion kg CO2e) and the end-of-life treatment of sold products (approximately 2.66 billion kg CO2e).

Solvay has set a near-term target to reduce Scope 1 and 2 GHG emissions by 30% by 2030, compared to a 2021 baseline, aligning with a "well below 2°C" trajectory. Furthermore, their Science Based Targets initiative (SBTi) validated targets include a commitment to reduce absolute Scope 1 and 2 GHG emissions by 31% by 2030, from a 2018 base year. Solvay also aims for a 24% reduction in absolute Scope 3 GHG emissions by 2030, from a 2018 base year, specifically focusing on purchased goods and services, fuel and energy-related activities, processing of sold products, use of sold products, and end-of-life treatment of sold products.

Looking towards long-term goals, Solvay has ambitions to achieve carbon neutrality across all its businesses by 2040, with the Soda Ash business targeted for carbon neutrality by 2050. This overarching objective of carbon neutrality by 2050 is reiterated across various reports.

In terms of recent performance data, for 2025, Solvay reported Scope 3 emissions of approximately 11.5 billion kg CO2e and Scope 1 and 2 emissions of approximately 6.4 billion kg CO2e. For 2024, Scope 3 emissions were approximately 12.1 billion kg CO2e, with Scope 1 and 2 emissions at approximately 7.6 billion kg CO2e. These figures indicate a general trend of decreasing Scope 1 and 2 emissions from 2022 (approximately 8.5 billion kg CO2e) to 2023, while Scope 3 emissions have shown fluctuations.