2019 Annual Integrated Report

Annual Integrated Report


Our Purpose

In 2019, the largest listening effort in our history gave rise to our Purpose, the why that gives meaning to our individual and collective work.

We bond people, ideas and elements to reinvent progress

Bonding has always been an essential feature of the Solvay spirit. Solvay has been creating bonds since its creation.

Our Purpose and Vision

Presidents’ message

2019 was a year of notable progress, in which we delivered on our financial and environmental commitments in a challenging environment by focusing on customers, cost discipline and cash management. We also made step changes on three fronts – Strategy, Structure and Culture.

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2019 Key figures

Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 24,100 employees in 64 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay ONE Planet plan crafted around three pillars: protecting the climate, preserving resources and fostering better life.

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  • Net sales 10.2 in € billion
  • Underlying EBITDA 2,322 in € million
  • Greenhouse gas emissions1 -5% as percentage of reduction, year-over-year
  • Sustainable solutions (SPM) 53% as percentage of Group sales
  1. Total emissions (scopes 1 and 2).

Bonding stories

  • Bonding with the world around us

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  • Bonding for
    our Purpose

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  • Bonding for
    greener energy

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  • Bonding with a global
    aerospace customer

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How we create value

Our sustainable value creation model

At Solvay we are committed to optimizing the use of our resources to reduce our impact on the planet. Our new G.R.O.W. business strategy and our sustainability program are aligned with the powerful trends driving growth in our end-markets.

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10 Highlights
of 2019

Solvay opened a new chapter in 2019. We welcomed our new CEO and took major steps forward to unleash the Group’s full potential: we unveiled our Purpose, introduced a new G.R.O.W. strategy and sustainability goals along with a new operating model.

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Key topics

  • Strategy

    Our new G.R.O.W. strategy and our Solvay ONE Planet sustainability goals will create sustainable shared value for all.

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  • Markets

    Solvay’s businesses are closely aligned with the powerful trends driving growth in our end-markets.

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  • Scorecard

    In 2020, we took a step further as part of our G.R.O.W. strategy and defined new mid-term financial objectives for 2024.

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  • GRI Content Index

    As member of the GRI Community, Solvay contributes to the GRI’s mission and is committed to advancing sustainability reporting.

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