2019 Annual Integrated Report

Value creation

Ratings with insight

GRI Disclosures

Solvay is committed to achieving strong performance on both financial and extra-financial indexes, and to earning and retaining the trust and support of all its stakeholders. Feedback from ratings agencies is invaluable as a benchmark and an indicator of our stakeholders’ main concerns.

Ratings agencies commend Solvay in several areas, including the Sustainable Portfolio Management (SPM) methodology and its use in making strategic decisions, and the Solvay Way sustainability reference framework, with around half of all employees an active part of sustainability action plans. They also recognize our best-practice-based materiality analysis, and high-quality reporting, with our Annual Integrated Report ranked in the top 10 by WBCSD. And they endorse our labor relations, especially our IndustriAll agreement, training programs and social dialogue.

Our main indexes

MSCI World Index

In 2019, Solvay received a rating of AAA (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment.

BEL 20 Index

Solvay is a long-time component of the Brussels-based BEL 20 Index.

EcoVadis supplier sustainability ratings

Solvay is in the top 1% of chemical companies rated by EcoVadis. 

FTSE 4 Good1

Solvay is in the FTSE4Good Index.


Solvay is rated as a “Prime Company” with a score of B by the ISS-ESG, ranking among the leaders in chemicals.



Solvay is ranked “C” by the CDP in the Climate Change 2019 questionnaire.

Ethibel Sustainability Index (ESI)

Solvay has been econfirmed as a constituent of the Ethibel Sustainability Index (ESI) Excellence in Europe since September, 2019.

Vigeo Eiris

Solvay is a component of the Euronext Vigeo World 120 Index.


A clear focus on doing ever better

We play close attention to the areas for improvement ratings agencies point out. These include operational eco-efficiency and the need to reduce emissions faster, occupational safety, with a higher fatalities rate than the chemical industry benchmark, and sustainable procurement actions, specifically value-chain ethics. They also refer to continuing media controversies involving Solvay. Climate change risks and opportunities, including short, medium and long-term water risks are also noted as areas for improvement.

“While rating agencies and methodologies have different strengths and weaknesses, Solvay appreciates that no matter how far we have progressed, there will always be opportunities to improve further. Our ambition is to continue to do better, prioritizing areas with the most significant impact.”

Karim Hajjar,Member of the Executive Committee, Chief Financial Officer

1: FTSE International Limited and Frank Russell Company,
2: An international organization, CDP analyzes how companies integrate climate change in their strategies.