The 5x5 matrix: the strategic framework of the Solvay group Policy & Strategy on Sustainable Development, taking into account all stakeholders.
The 5x5 matrix defines the fields of action for each of the stakeholders with respect to the strategic issues of Solvay.
This structuring framework is used to assess the risks associated with our activities and to identify opportunities to create real new values for the enterprise and its stakeholders.
For each stakeholder, the 5x5 matrix allows to:
- identify the critical challenges and set up the priorities
- identify the opportunities of actions
- use performance indicators
The two dimensions of the 5x5 matrix are:
5 major issues defined in the Group Vision Statement
- Acting as an ethical and good citizen company
- Applying efficient management methods
- Making products that are sustainable, profitable and with growth potential
- Implementing a wordwide industrial strategy
- Respecting mankind, the environment and the community
5 stakeholders
- Investors
- Personnel and subcontractors
- Customers and suppliers
- Local communities
- Society (NGOs, Governments, scientific world)