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, 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 greenhouse gas 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 Scope 3 investments. The company has set ambitious targets to reduce its carbon footprint, aiming for a 30% reduction in Scope 1 and 2 emissions by 2030, based on a 2021 baseline. Additionally, Solvay has committed to reducing 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 is also focused on a "well below 2°C" trajectory for its emissions reduction strategy. In the near term, Solvay has pledged to cut its greenhouse gas emissions by 1 million tonnes by 2025. Overall, Solvay's climate commitments reflect a robust approach to sustainability, with clear targets across all scopes of emissions, demonstrating its dedication to addressing climate change and reducing its environmental impact.
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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 |
How Carbon Intensive is Solvay's Industry?
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Solvay's Scope 3 Categories Breakdown
Solvay's Scope 3 emissions, which increased by 7% last year and decreased by approximately 50% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 68% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 34% of Scope 3 emissions.
Top Scope 3 Categories
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