Solvay

Review summary

Solvay submitted its annual integrated report and act4nature commitments to the It’s Now for Nature campaign and met all the criteria.

Solvay’s materiality assessment addresses nature-related dependencies, impacts, risks and opportunities across the value chain.
Solvay conducted a double materiality assessment to evaluate impacts, risks, and opportunities, utilizing the Science Based Targets Network (SBTN) methodology to screen impacts across the value chain.
Material topics: Climate change, water and marine resources, pollution, biodiversity and ecosystems, and resource use and circular economy
Dependencies: Soil and sediment retention and water purification, supply and flow regulation.

Solvay has set SMART targets for its material nature-related issues with deadlines of 2030, covering Climate, Water, and Biodiversity.
For example: 
Water: Reduce water abstraction at priority sites by 10% by 2030 compared to 2021.
Biodiversity/Land: Restore 30% of permeable land on Solvay sites by 2030.
Climate: Reduce Scope 1 and 2 greenhouse gas emissions by 30% by 2030.

Solvay has set SMART targets for its material nature-related issues with deadlines of 2030, covering Climate, Water, and Biodiversity.
For example: 
Water: Reduce water abstraction at priority sites by 10% by 2030 compared to 2021.
Biodiversity/Land: Restore 30% of permeable land on Solvay sites by 2030.
Climate: Reduce Scope 1 and 2 greenhouse gas emissions by 30% by 2030.

The Board defines Solvay’s nature strategy.
The strategy is also supported by a dedicated ESG committee which advises and makes recommendations to the Board, while execution is overseen by the executive leadership team led by the Chief Sustainability Officer (CSO).