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Managing a balanced portfolio of products.
Solvay will continuously assess the sustainability of its products in areas of manufacturing operations, industries and markets and social impact.
The aim is to align Solvay's products and operations with larger sustainable trends and business models.
Solvay is committed to:
- Calculating the “ecoprofiles” of its products
- Assessing the lifecycle of the entire value chain for applications of products
- Using validated sustainability assessment tools for all planned innovations or acquisitions, and more generally in making policy decisions and deciding budgets, for all important investment plans.
The Sustainable Portfolio Management tool assesses the entire portfolio of products and innovative projects.
The portfolio has been assessed in terms of process/market sustainability:
Operations vulnerability : Analysis according to operations vulnerability, assessing the impact of sustainability aspects on production costs from a cradle-to-gate perspective
Market alignment : analysis according to market sustainability, assesses the sustainability of a given application of the product, from a market perspective
Solvay's products help final consumers to enable sustainable solutions reducing their:
- Greenhouse gas emissions
- exposure to harmful or toxic substances
- energy use
- consumption/use of products that are regulated or in phasing out
- consumption of raw materials
and help them to:
- Produce more fresh water
- Increase production of renewable energy (or make it more competitive)
- Increase productivity or yield of food/feed production
- Increase recycling
- Increase production of biodegradable materials (or make them more competitive)
- Improve the end-of-pipe solutions and decrease waste generation
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