International. The multinational chemicals company will report each year on progress towards achieving its scope 3 target and those of Solvay One Planet in the Group's annual integrated report.
Solvay, a chemical company with more than 400 workplaces in 50 countries, has announced plans to reduce scope 3 greenhouse gas (GHG) emissions by -24% by 2030.
This builds on the 2030 targets set out in its sustainability roadmap, Solvay One Planet, and represents the next stage in the Group's ongoing journey to reach net zero emissions.
"With this commitment, Solvay takes an important step towards net-zero emissions and continues its fight against global warming. We want to work with our business partners to achieve a drastic reduction in the carbon footprint associated with our activities along the entire value chain," said Ilham Kadri, CEO of Solvay.
"We will also be at the forefront of innovation, providing circular solutions that meet the needs of customers and end users as the transition to net zero emissions develops and reshapes the economy," Kadri added.
Committing to the Scope 3 emissions target requires reducing indirect GHG emissions in value chains.
These emissions are associated with activities that occur outside the walls of Solvay, primarily at supplier and customer sites, when the consumer uses the product or at the end of the product's useful life.
As part of its Solvay One Planet roadmap, Solvay has already aligned its scope 1 and 2 trajectory with the goal of "temperature rise well below 2°C", outlined in the Paris Agreement, and improved its emissions reduction target to -30% by 2030 (from -26% initially set in 2020).
Solvay has already achieved a structural reduction of -11% between 2018 and 2021.
Purchasing initiatives for strategic suppliers
To achieve the scope 3 target, Solvay will intensify its work in close collaboration with its suppliers and customers.
For example, the Group has launched procurement initiatives for strategic suppliers, as climate commitments and collaborations will form the basis for future relationships with strategic suppliers.
Solvay is also migrating to bio-based feedstocks, increasing the use of clean energy and renewable carbon feedstock in its product offering and developing circular solutions.
In addition, the Group is developing partnerships with its customers to eco-design new products and processes that will reduce emissions from cradle to end of life.
Solvay has implemented robust tools such as sustainable portfolio management and life cycle analysis tools in assessing the downstream impacts (marketing and distribution of crude oil and natural gas products) of GHGs.
