Sustainable Development Goals – Goal 16 (logo)

Risk description

Risk arises from a potential failure to comply with:

  • Solvay’s Code of Conduct,
  • Supporting policies and procedures,
  • Laws and regulations in the jurisdictions in which Solvay operates.


  • Failure to implement good governance in a joint venture,
  • Direct or indirect involvement in human rights violations,
  • Intentional misstatement of financial reporting, corruption and by-passing of internal controls.

Prevention and mitigation actions

Solvay’s Code of Conduct, policies and procedures:

  • Applicable to employees, critical suppliers, and majority-owned joint venture partners,
  • Several training courses & communication actions to address behavioral risks,

Special training courses to mitigate specific risks:

  • Anti-bribery and anti-corruption,
  • Anti-competition,
  • Human Rights in Business Policy: implementation, governance and training.

Group-wide Speak Up program for reporting non-compliance, either directly to management or to third-party Helpline.

2017 main actions

  • Almost 80% of employees trained on Solvay’s Code of Conduct,
  • More languages/dialects added to web-based training catalog for Code of Conduct,
  • New Human Rights Policy adopted and published; internal Steering Committee appointed to oversee implementation and compliance, and Human Rights training for sensitive populations,
  • Anti-bribery and anti-corruption (ABAC) training of more than 1,000 leaders and employees in sensitive positions.