Triple the turnover from renewable or recycled materials, or renewable energy, and reach 15% in 2030 (baseline 2018)
Terms of the action or commitment
The principle of the SPM (Sustainable Portfolio Management) methodology is to integrate sustainable development and the circular economy into strategic choices
of the Group, and in particular for the review of the business portfolio, the investment choices and the priorities of the research and innovation program.
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.
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.
Levers mobilized for circular economy (according to Ademe)
Implementation timeline
Starting year
2015
Ending year
2025
Main actors mobilized
Internal actors
Strategy
Sustainable Development
Industrial Function
Marketing and Sales
Global Business Units
R&I
External actors
Transversal initiatives (WBCSD, ABIS, Social Metrics – Pré Consulting) with other industrial actors
• Co-development with customers
• Co-developmet with suppliers
• Co-developments with NGOs
Geographic area
Global 53 countries where Solvay is active in Europe, North America, Latin America, Asia and Africa
Photo / Video
2022 follow-up of the action
Date of follow-up
31/12/2021
Methods of validation of the follow-up
external validation (Deloitte Audit for publication of the Annual Report)
Status of the action
In progress
Completed
a) Results
Achieved
Partially achieved
Not achieved
b) Numerical / Qualitative information
Cancelled
Explanations
Comparison with the projected pace in the last publications
Keeping up with the times
In advance
Delayed
Partial / Final results
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.
Company's comments
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
