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, Solvay has established itself as a key player in the chemical industry, focusing on innovative solutions across various sectors, including automotive, aerospace, and electronics. The company is renowned for its core products, such as high-performance polymers and specialty polymers, which are distinguished by their exceptional durability and sustainability. Solvay's commitment to research and development has led to significant milestones, including advancements in eco-friendly manufacturing processes. With a strong market position, Solvay is recognised for its dedication to sustainability and innovation, making it a preferred partner for businesses seeking cutting-edge chemical solutions.
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 carbon emissions of approximately 24,000,000,000 kg CO2e, with emissions distributed across various scopes: 6,791,000,000 kg CO2e (Scope 1), 668,000,000 kg CO2e (Scope 2, market-based), and 16,077,000,000 kg CO2e (Scope 3). The combined Scope 1 and 2 emissions totalled about 7,459,000,000 kg CO2e. For 2023, the company recorded total emissions of about 24,000,000,000 kg CO2e, with Scope 1 emissions at 6,673,000,000 kg CO2e, Scope 2 emissions at 650,000,000 kg CO2e (market-based), and Scope 3 emissions at 15,242,000,000 kg CO2e. Solvay has set ambitious climate commitments, aiming for carbon neutrality by 2050. The company targets a 30% reduction in Scope 1 and 2 greenhouse gas emissions by 2030, using 2021 as a baseline. Additionally, it aims to reduce absolute Scope 3 emissions by 24% by 2030 from a 2018 base year. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with keeping global warming well below 2°C. Overall, Solvay's emissions data and reduction initiatives reflect a strong commitment to addressing climate change and reducing its carbon footprint across all scopes of emissions.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 8,119,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 838,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 16,459,000,000 | 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.
