2020 Integrated Report

G.R.O.W. strategy in action

AgRHO® S Boost (pictured)

AgRHO® S Boost is a macromolecule extracted from guar, a legume, which improves the plant's absorption of water and nutrients, boosts germination and ultimately increases yield.

In 2020, we implemented our G.R.O.W. strategy, announced in November 2019, which sets differentiated mandates for our businesses and allocates resources accordingly. The crisis prompted a renewed focus on customers and in particular on key accounts: we adapted to meet their needs and accelerated strategic cost reduction programs. This resulted in a company-wide focus on cash generation that helped Solvay navigate the crisis effectively. In parallel, we also embarked on a series of minor divestments, having ensured that these businesses had been optimised and were “sale ready”. We also issued a new wide ranging and ambitious sustainability roadmap, Solvay One Planet. Motivated by our Purpose, Solvay leaders came together to ensure that we deliver and emerge from the Covid-19 crisis stronger and ready for the rebound.