Solvay SA

Common Name
Solvay
Country
Belgium
Sector
Basic Materials
Industry
Chemicals
Employees
9,000
Ticker
SOLB
Exchange
EURONEXT
Description
Solvay SA is a leading chemical company that operates on a global scale, specializing in the development and commercialization of a diverse array of industrial chemical products. Founded in 1863 and h...

Solvay's GHG Emissions Data Preview

In 2024, Solvay completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Solvay has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Solvay’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Solvay’s data sources below and access millions more through our Disclosure Search.

a. Solvay's Integrated Report 2024
a. Solvay's Integrated Report 2024
b. Solvay's Integrated Report 2023
b. Solvay's Integrated Report 2023
c. Solvay's Integrated Report 2021
c. Solvay's Integrated Report 2021

Insights into Solvay's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Solvay amounted to 8,091,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Solvay increased by 2.7%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Solvay's Scope 1 Emissions Over Time

20192020202120222023202403 M6 M9 M12 MtCO2e-16%-2%-10%-9%+2%
  • Total Scope 1
  • Year-over-Year Change

What are Solvay's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Solvay were 7,239,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Solvay reduced its Scope 1 emissions over time?

Since 2019, Solvay's Scope 1 emissions have decreased by 31.64%, reflecting a declining long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Solvay's Scope 1 emissions increased by 2.4%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Solvay's Scope 2 emissions?

In 2024, Solvay reported Scope 2 greenhouse gas (GHG) emissions of 763,000 tCO₂e using the market-based method and 852,000 tCO₂e using the location-based method. a

Has Solvay reduced its Scope 2 emissions over time?

Since 2019, Solvay's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 43.2%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2023), Solvay's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Solvay 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Solvay use for Scope 2 reporting?

In 2024, Solvay reported its Scope 2 emissions using the market-based method and using the location-based method. a

Solvay's Scope 2 Emissions Over Time

2019202020212022202320240400 k800 k1.2 M1.6 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Solvay's Value Chain Emissions

In 2024, Solvay reported 16,936,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Solvay includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Solvay's Scope 3 Emissions Over Time

20192020202120222023202408.5 M17 M25.5 M34 MtCO2e-12%-40%-10%+3%+7%
  • Total Scope 3
  • Year-over-Year Change

What are Solvay's Scope 3 emissions?

In 2024, Solvay reported total Scope 3 emissions of 16,936,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 53.02% of these emissions originated from upstream activities such as purchased goods and capital goods, while 46.98% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Solvay reduced its Scope 3 emissions over time?

Since 2019, Solvay's Scope 3 emissions have decreased by 48.05%, reflecting a declining long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Solvay's Scope 3 emissions remained relatively stable, indicating that Solvay 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Solvay disclose?

In 2024, Solvay reported emissions for 13 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Solvay's Scope 3 emissions?

In 2024, the largest contributors to Solvay's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 5,803,000 tCO₂e (34.26%)
  • Use of Sold Products (Cat. 11): 3,152,000 tCO₂e (18.61%)
  • End-of-Life Treatment of Sold Products (Cat. 12): 2,906,000 tCO₂e (17.16%)

Solvay's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(34.3%)Use of Sold Products(Cat. 11)(18.6%)End-of-LifeTreatment of SoldProducts (Cat. 12)(17.2%)

Insights into Solvay’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Solvay reported Scope 1 greenhouse gas (GHG) emissions of 7,239,000 tCO₂e and total revenues of USD 5,338 millions. This translates into an emissions intensity of 1,356.04 tCO₂e per millions USD. a

Solvay's Scope 1 Emissions Intensity Compared to Peers

502,00050,0002,000,00050,000,000Scope 1 Emissions (tCO2e)502002,00010,00050,000Revenues (Millions of USD)SNippon ShokubaiYear: 2023Scope 1: 612,000 tCO2eRevenue: $M 3,150Scope 1 Intensity: 194.29 tCO2e/$MAdvanced PetrochemicalYear: 2023Scope 1: 632,242 tCO2eRevenue: $M 633Scope 1 Intensity: 998.90 tCO2e/$MChina Risun GroupYear: 2024Scope 1: 8,282,412 tCO2eRevenue: $M 7,125Scope 1 Intensity: 1,162.48 tCO2e/$MKolon IndustriesYear: 2024Scope 1: 205,315 tCO2eRevenue: $M 3,300Scope 1 Intensity: 62.21 tCO2e/$MKCCYear: 2024Scope 1: 306,659 tCO2eRevenue: $M 4,538Scope 1 Intensity: 67.58 tCO2e/$MNational IndustrializationYear: 2023Scope 1: 2,733,886 tCO2eRevenue: $M 951Scope 1 Intensity: 2,874.19 tCO2e/$MDongyue GroupYear: 2023Scope 1: 1,716,568 tCO2eRevenue: $M 2,230Scope 1 Intensity: 769.63 tCO2e/$MGreen PlainsYear: 2023Scope 1: 1,205,000 tCO2eRevenue: $M 3,296Scope 1 Intensity: 365.62 tCO2e/$MOlinYear: 2023Scope 1: 1,400,000 tCO2eRevenue: $M 6,833Scope 1 Intensity: 204.89 tCO2e/$MTata ChemicalsYear: 2025Scope 1: 4,770,357 tCO2eRevenue: $M 1,729Scope 1 Intensity: 2,758.60 tCO2e/$MUnipar CarbocloroYear: 2023Scope 1: 298,104 tCO2eRevenue: $M 1,010Scope 1 Intensity: 295.24 tCO2e/$MSSShiny Chemical IndustrialYear: 2023Scope 1: 50,866 tCO2eRevenue: $M 321Scope 1 Intensity: 158.37 tCO2e/$MNippon Sanso HoldingsYear: 2024Scope 1: 1,062,000 tCO2eRevenue: $M 8,288Scope 1 Intensity: 128.14 tCO2e/$MShin-Etsu ChemicalYear: 2024Scope 1: 2,326,000 tCO2eRevenue: $M 15,946Scope 1 Intensity: 145.86 tCO2e/$MCelaneseYear: 2023Scope 1: 2,469,310 tCO2eRevenue: $M 10,940Scope 1 Intensity: 225.71 tCO2e/$MChengxin Lithium GroupYear: 2022Scope 1: 189 tCO2eRevenue: $M 1,729Scope 1 Intensity: 0.11 tCO2e/$MSesodaYear: 2023Scope 1: 46,964 tCO2eRevenue: $M 192Scope 1 Intensity: 245.05 tCO2e/$MSyensqoYear: 2024Scope 1: 1,200,000 tCO2eRevenue: $M 7,124Scope 1 Intensity: 168.44 tCO2e/$MLotte ChemicalYear: 2023Scope 1: 3,896,865 tCO2eRevenue: $M 15,609Scope 1 Intensity: 249.65 tCO2e/$MBarito PacificYear: 2024Scope 1: 1,477,861 tCO2eRevenue: $M 2,387Scope 1 Intensity: 619.13 tCO2e/$MIndorama VenturesYear: 2024Scope 1: 6,969,854 tCO2eRevenue: $M 15,773Scope 1 Intensity: 441.87 tCO2e/$MResonac HoldingsYear: 2024Scope 1: 3,300,000 tCO2eRevenue: $M 8,863Scope 1 Intensity: 372.33 tCO2e/$MFormosa Chemicals and FibreYear: 2024Scope 1: 10,858,237 tCO2eRevenue: $M 10,641Scope 1 Intensity: 1,020.38 tCO2e/$MBraskemYear: 2024Scope 1: 9,208,346 tCO2eRevenue: $M 12,530Scope 1 Intensity: 734.89 tCO2e/$MSolvayYear: 2024Scope 1: 7,239,000 tCO2eRevenue: $M 5,338Scope 1 Intensity: 1,356.04 tCO2e/$M

How does Solvay's GHG emissions intensity compare to its peers?

In 2024, Solvay reported a Scope 1 emissions intensity of 1,356.04 tCO₂e per millions USD. Compared to the peer group median of 272.44 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Solvay rank on GHG emissions intensity within its industry?

In 2024, Solvay ranked 23 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Solvay among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Solvay's Total Carbon Footprint

In 2024, Solvay reported a total carbon footprint of 25,027,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.28% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Solvay's total carbon footprint was Scope 3 emissions, accounting for 67.67% of the company's total carbon footprint, followed by Scope 1 emissions at 28.92%. a

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