Solvay partners with the Ellen MacArthur Foundation: A bold step towards a circular economy
Solvay takes action to accelerate the transition towards a circular economy having signed a three-year partnership agreement with the Ellen MacArthur foundation. The Group has joined the foundation’s eight Global Partners Danone, Google, H&M, Intesa Sanpaolo, NIKE, Philips, Renault and Unilever, as the only multinational chemical company.
Known for its expertise and work with businesses, governments, and academia, the Ellen MacArthur Foundation helps foster the economy’s transition from a take-make-dispose model to a more sustainable and economic one.
Solvay is convinced that moving from the traditional linear model to a circular model is essential in helping to solve the many pressing environmental and societal challenges such as the scarcity of resources for example. The Group’s role as a global advanced materials and specialty chemicals is crucial since it supplies most other industries and chemical science is a powerful enabler for material transformation.
Through this partnership, Solvay explores solutions supported by the circular economy’s principles and requirements by leveraging the internal mindset and driving concrete business projects. The Group generated almost half of its 2017 revenue from sustainable solutions - including those aligned with the circularity model requirements - by using renewable energy and materials, efficient manufacturing processes, and designing smarter solutions for customers to help reduce the consumption of resources, the re-use of materials and extending the product life cycle.
“We are delighted to partner with Solvay. The chemicals industry lies at the heart of the global economy, so it holds great potential to spark system-level change in the move towards a restorative and regenerative circular economy,” said Dame Ellen MacArthur.
Who is Ellen MacArthur?
Ellen MacArthur is a retired British sailor who is the first woman to sail solo around the world breaking the record for the fastest circumnavigation around the globe.
Being on a boat with limited resources made her reflect upon the world’s finite resources and what must be done to use these resources more effectively and sustainably helping to reduce the environmental impact as well as driving business growth and making economies more competitive.
She established the Ellen MacArthur Foundation in 2010 and it has since surfaced as a global leader bringing together various organizations from different sectors to push forward this transition to a circular economy.
Solvay ‘s commitment to set new sustainable targets is constantly improved and reflected in the way we manage our product portfolio. We create innovative sustainable solutions that should help our customers and society to answer today and tomorrow’s challenges together- by creating new business opportunities in addressing, the growing scarcity of natural resources we all share and rely on.
Solvay is committed to the UN Climate Change conferences and strongly supports the implementation of the Paris Agreement. Solvay is among the first signatories of the "Business proposals for the 2015 international climate change agreement of COP 21 in Paris".
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