Solvay

Diversified Chemicals / Specialty Chemicals
SOLB.BR
€ 95 0.3
Share price
$ 10 bn
Market Cap
$ 13 bn
Enterprise Value

Carbon footprint

872 Ton
GHG emissions per $ 1 mln investment
23x the weighted average for S&P 500
FY2021
How is this calculated?
+8.9%
YOY change in GHG emissions
Stronger than the +4.2% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-1.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Solvay aims to reduce Scope 1 + 2 by 26% by 2030 from a base year 2018


This target has not been verified as science based according to SBTi
Solvay's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Solvay's GHG emissions (market-based) (Kt of CO2e)
Solvay's Carbon intensity (Tons per 1 USDm)

Solvay's carbon footprint

Solvay reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 11,000 Kt (+900/+8.9% y-o-y). At the sime time, carbon intensity tumbled to 811 t (-77 /-8.7% y-o-y).

Solvay's Scope 3 emissions declined to 25,800 Kt (-3,000 /-10.4% y-o-y). This is a higher rate of decline than over the period since 4Q'17 (-6.3% CAGR).

The company is committed to reducing Scope 1 + 2 by 26% by 2030 from a base year 2018, which translates into the estimated reduction of -211 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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