2020 Integrated Report

Materiality analysis

Jaguar® Range (pictured)

Our Jaguar® Range are natural polymers derived from renewable resources that provide hair and body care formulators with a full range of conditioning and texturizing features.

In line with its vision to create sustainable shared value for all, Solvay bases its sustainability priorities on a materiality analysis. This approach identifies economic, environmental, and social aspects on which Solvay has the most impact, positive or negative. All the Group’s main risks are linked to materiality topics except safety and cyber-risks which are of moderate materiality because their impact on daily operations is limited – they become material only in case of harmful acts.

Materiality table*


Moderate materiality

High materiality and Priorities


  • Customer privacy
  • Data security
  • Selling practices and product labeling
  • Risk management
  • Management of the legal, ethics and regulatory framework


  • Physical impacts of climate change
  • Greenhouse gas emissions
  • Energy
  • Biodiversity


  • Supply chain and procurement
  • Materials sourcing and efficiency
  • Product design & lifecycle management
  • Air quality
  • Water and wastewater
  • Waste

Better life

  • Recruitment, development and retention
  • Product quality
  • Access & affordability
  • Employee health and safety
  • Employee engagement and well-being
  • Diversity and inclusion
  • Customer welfare
  • Corporate citizenship
  • Hazardous materials
  • Critical incident risk management


Solvay uses two external references for its materiality analysis:
• Global Reporting Initiative (GRI) for the materiality analysis process;
• Sustainability Accounting Standards Board (SASB) for the list of aspects and for prioritization criteria.

2020: emphasis on climate change, biodiversity and social aspects

  • Material aspects have been categorized under Governance, Climate, Resources, Better Life to be consistent with the presentation of Solvay’s priorities in Solvay One Planet.
  • Biodiversity has been moved up from “moderate materiality” to “high materiality and priority”. The evidence of stakeholder interest in this topic is strong enough for us to consider it a priority even if as of today, financial impact on Solvay is low.
  • The list of priorities has been adapted, in line with the priorities of the Solvay One Planet sustainability ambition, which gave a greater focus on impacts.
  • “Waste and Hazardous Materials” has been split in two distinctive aspects, respectively under Resources and Better Life.

The Covid-19 crisis confirmed the priorities defined during the Solvay One Planet preparative work, and in particular:

  • An increased emphasis on climate change and biodiversity, with evidence of the link between human activities and the pandemic, and the changes in air quality during lockdown phases.
  • An increased emphasis on social aspects, with evidence of minorities being the most vulnerable populations.