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Solvay has a strategic process to assess its overall product portfolio from a sustainability perspective.
The "Sustainable Portfolio Management" assessment tool is used for all products and innovative projects. It supports strategic decisions by the Executive Committee via assessments of products along two axes:
- the production aspects: this includes the key environmental impacts related to the manufacturing of the product, a.o. energy consumption and associated greenhouse gases emissions from a cradle-to-gate perspective
- the market aspects: the tool assesses the sustainability of each key application of each product, from a market perspective
The assessed portfolio encompasses 30% of “Aligned” product-application combinations and 6% of “Stars”. This makes 36% (compared to 28% last year) of “Product-Application Combinations” matching solutions sought by customers in order to be more sustainable and ultimately delivering environmental benefits to the end-consumer.
The assessment will be extended to Rhodia’s legacy portfolio.
The SPM approach was recognized as “Highly Commended” by the Jury of the EFQM Sustainability Good Practice Competition recognizing its potential to be adapted to other industries and sectors.
The assessments have been reviewed by Arthur D. Little and the Dutch organization for technological Research TNO.
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