Solvay Sustainability Profile
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 53 is higher than 72% 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 21.6 billion kg CO2e, comprising about 7.5 billion kg CO2e from Scope 1 and 2 emissions and approximately 14.1 billion kg CO2e from Scope 3 emissions. In 2023, the total emissions were about 20.5 billion kg CO2e, with Scope 1 and 2 emissions at approximately 7.3 billion kg CO2e and Scope 3 emissions at around 13.2 billion 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 the baseline year. Additionally, it aims to reduce absolute Scope 3 emissions by 24% by 2030 from a 2018 baseline. 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 strategy reflects a strong commitment to sustainability and climate action, with a focus on significant reductions across all scopes of emissions.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,100,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | 0,000,000,000 | - | - |
| Scope 2 | 3,700,000 | 0,000,000 | 0,000,000 | 00,000 | 00,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | 000,000,000 | - | - |
| Scope 3 | 1,070,000 | 000,000 | 0,000,000 | - | - | - | 00,000,000,000 | 000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Solvay's Industry?
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Solvay's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Solvay has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Solvay's sustainability data and climate commitments