Triple the turnover from renewable or recycled materials, or renewable energy, and reach 15% in 2030 (baseline 2018)
Terms of the action or commitment
Innovation projects focus in particular on new technologies that promote recycling, the use of recycled products, and the use more efficient use of non-renewable resources and biomaterials.
The objective is that in 2025, 50% of the Group’s turnover will be achieved with activities providing solutions to sustainable development issues and Circular Economy, compared to 25% in 2014.
By way of initial progress, at the end of 2015, 33% of total turnover was part of the sustainable economy, of which two-thirds were correlated to the circular economy.
2022 follow-up of the action
b) Numerical / Qualitative information
In the table below we can see the evolution of the percentage of sales linked to the circular economy since 2019. This indicator was defined in 2019.
We have increased by 1% the share of products made with renewable raw materials, recycled raw materials or renewable energy.
We use the Circulytics® tool, co-developed with the Ellen MacArthur Foundation, to track the deployment of circularity across our businesses.
n.r = non relevant
* : the method of reporting applied in 2019 was not applying a weight factor between the renewable raw materials and the renewable energy
Solvay reinforced its portfolio of bio-based solutions, with the acquisition of a bio-based seed care portfolio and the development of new bio-sourced solutions for home and personal care.
With the support of the Ellen MacArthur Foundation, Solvay has developed a partnership with Bridgestone and Arlanxeo to launch TECHSYN, a new technology that gives tires unrivaled strength and environmental performance. Solvay also continues to work for advancing our tripartite partnership with Veolia and Renault to establish a sustainable supply source for strategic battery raw materials.
Our program to transition to a circular economy focuses on three categories of actions:
– Increase the use of biosourced and recycled raw materials.
– Innovate in material recovery in closed and open circuit, and business models.
– Innovate to increase the lifespan of materials.
To accelerate the transition, Solvay recently launched a new growth platform which joins the other three platforms (Batteries, Thermoplastic composites and Green Hydrogen). This “Renewable Materials and Biotechnology” platform is dedicated to the development of innovative and sustainable solutions for a range of markets, using renewable raw materials and biotechnology. For more information here is the link to the press-release