2020 Integrated Report

Essential and Stronger

SolvaLite™ (pictured)

Our SolvaLite™ composites are up to 40% lighter than metal, allowing manufacturers to create lighter and more energy-efficient vehicles that contribute to reducing CO₂ emissions.

Presidents' messages

“2020 made us proud to be Solvay”
Nicolas Boël, Chairman of the Board of Directors

“We reinvented progress in 2020”
Ilham Kadri, President of the Executive Committee and CEO

Bonding for a better planet: Our sustainability performance in 2020

2020 Key figures

(PDF:) Annual Report PDF Download (8.1 MB)

Financial indicators (versus 2019)

Net sales

8.9

In € billion

Underlying EBITDA

1,945

In € million

–13.9% organic basis¹

Social and environmental indicators (versus 2018)

Greenhouse gas emissions²

10.1

Million tons C0₂eq. –20% (–8% structural)

Sustainable solutions (SPM)

52%

of Group sales +2pp

1: Organic growth excludes forex conversion and scope effects

2: At constant perimeter; total greenhouse gas emissions, scopes 1 and 2

10 Highlights of 2020

In 2020, we made significant progress: We launched our Group’s Purpose, progressed on our ambitious Solvay One Planet roadmap and accelerated our G.R.O.W. strategy. We demonstrated the resilience of our businesses, while supporting our people through the Covid crisis with the launch of the Solvay Solidarity Fund.

10

Bonding stories

In 2020, we brought our Purpose – We bond people, ideas and elements to reinvent progress – to life. We bonded with our stakeholders, listened to their expectations, and worked with them to find solutions that help fight climate change, preserve natural resources and improve quality of life.

Bonding for a Better life

Solvay is proud of the legacy of its founder Ernest Solvay who was one of the first corporate leaders to implement what we call today Corporate Social Responsibility (CSR), placing a strong emphasis on responsible capitalism and the well-being of employees.

Bonding with our communities

Through our annual Solvay Citizen Day, we live our Purpose by bonding and volunteering in our communities. This year, we launched a virtual event to foster students’ interest in STEM topics.

Bonding to advance circular batteries of the future

Chemistry is the key to the circular economy and at Solvay we want to play a leading role in this transition. In 2020, we partnered with Veolia and Renault to create a consortium that will enable the production of circular electric vehicle batteries.

Bonding with customers to reduce emissions

We are collaborating with customers, like Givaudan, to transform the value chain and meet the end users’ need for zero or low carbon products and services. This will significantly grow our business and our customers’ business, while helping to enable a better, more sustainable world.

How we create value

Our sustainable value creation model

In line with our Purpose and our Solvay One Planet sustainability program, we are committed to optimizing the use of our resources to reduce our impact on people and the environment.

Key topics

Solvay One Planet

Sustainability is central to our strategy and at the heart of Solvay’s answer to the crisis
Read more
Innovation

We increased the value of our portfolio and launched three growth platforms
Read more
Case studies

ESG is central to our business. Learn more about 12 sustainable solutions with high growth potential
Read more
Markets

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

Services

Key figures comparison Key Figures Comparison
Integrated Report (PDF) (PDF:) solvay-integrated-report-2020.pdf
Annual Report (PDF) (PDF:) solvay-annual-report-2020-en.pdf

Your choices regarding cookies for this website