Solvay targets carbon neutrality before 2050 - Seite 2

Laying the groundwork for a carbon-neutral future

Solvay’s roadmap includes a three phase approach spanning three decades, with the primary focus on switching energy sources to cut emissions and improve the Group's carbon footprint across all its businesses and operational activities.

Phase 1: 2020 to 2030

• Solvay aligned its emission reduction targets with the Paris Agreement within the holistic Solvay One Planet program. At the end of 2020, 8% structural reductions of emissions were delivered against the 2018 baseline.
• In October 2020, Solvay joined the Science-Based Targets initiative and is currently working to define its objectives for scope 3 emissions². Solvay expects to finalize scope 3 targets and communicate more on these ambitions in 2022.
• To date, 36 emission reduction projects are underway representing 2.4 megatons of CO₂ annually, equivalent to cutting emissions of 1.3 million carbon fuel vehicles each year.
  • Solvay has placed among the top 10 companies in the U.S. for installed solar power, having transitioned three of its core U.S. businesses across 17 sites to 100% renewable electricity as of January 2021.
  • Solvay is also a proud member of Apple's Supplier Clean Energy Program, and has successfully transitioned its Apple-related operations to 100% green power.
• Solvay's commitment to phase out its use of coal by 2030 is well underway in the soda ash business.
  • Announced earlier this year, Solvay's soda ash plant in Rheinberg, Germany, is set to become the world's first soda ash plant to be powered primarily by renewable energy by 2025 thanks to sustainable biomass derived from discarded wood chips, which will cut 4% of the Group’s total emissions.
  • On October 27, 2021, Solvay's board of directors approved the soda ash site in Dombasle, France, to transition to primarily refuse-derived fuel³ as early as 2024, which will cut another 2% of the Group’s total emissions.

Phase 2: 2030 to 2040

• Solvay will continue to execute new energy transition projects for the Group with the target to reach full neutrality in all businesses outside of soda ash.
  • Solvay will continue to deploy and accelerate electrification for low- to medium-energy intensive businesses.
  • The company will execute on process innovations and new energy technologies, particularly for emission-intensive businesses and sites.