Solvay recognized as Supplier Engagement Leader by CDP
Recognition reflects sustained progress in Solvay’s climate commitments across the whole value chain.
Solvay has been recognised by CDP for its engagement with suppliers to jointly tackle climate change. Solvay is among the top 8% of companies assessed for supplier engagement on climate change, leading to a place on the 2022 CDP Supplier Engagement Leaderboard. The CDP Supplier Engagement assessment complements the CDP results published in December 2022, in which Solvay again received an A- rating in CDP’s Climate Change assessment.
“We are delighted that CDP recognized our continued progress and recognized Solvay as a Supplier Engagement Leader,” said Pascal Chalvon Demersay, Solvay’s chief sustainability officer. “This reflects both our overall targets to structurally reduce our greenhouse gas emissions and emissions across the whole value chain. We aim to tackle climate change at the service of our customers, our investors, and society as a whole.”
Since Solvay launched Solvay One Planet, the Group accelerated the rate at which it is cutting emissions, delivering a 19% reduction in Scope 1 and 2 greenhouse gas emissions in just four years. In 2022, the Group unveiled its goal to reduce Scope 3 GHG emissions by 24% by 2030. Tackling both upstream and downstream in the value chain sets Solvay apart from most other leading companies in the global chemical sector. In early 2023, Solvay’s climate targets were validated by the Science Based Targets initiative (SBTi), reaffirming its commitment to reduce greenhouse gas emissions across the board, in line with science.
CDP’s disclosure and assessment process is widely recognised as the gold standard of corporate environmental transparency, and the go-to source of trusted sustainability information for customers and investors.
Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 22,000 employees in 61 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay One Planet roadmap crafted around three pillars: protecting the climate, preserving resources and fostering a better life. The Group’s innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Founded in 1863, Solvay today ranks among the world’s top three companies for the vast majority of its activities and delivered net sales of €13.4 billion in 2022. Solvay is listed on Euronext Brussels and Paris (SOLB). Learn more at www.solvay.com.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. More than 13,000 of the world’s largest companies, representing over 64% of global market value, disclose information on climate change, deforestation and water security through CDP. They do so at the request of over 590 investors with over US$110 trillion in assets.