Solvay

Diversified Chemicals / Specialty Chemicals
SOLB.BR
€ 24 (0.55)%
Share price
$ 2.7 bn
Market Cap
$ 4.4 bn
Enterprise Value

Carbon footprint

2,301 Ton
GHG emissions per $ 1 mln investment
68x the weighted average for S&P 500
FY2020
How is this calculated?
-16%
YOY change in GHG emissions
Stronger than the -11% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

Solvay's GHG emissions (market-based) (Kt of CO2e)

Solvay's carbon footprint

Solvay reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 10,100 Kt (-1,900 /-15.8% y-o-y).

Solvay's Scope 3 emissions decreased to 28,800 Kt (-3,800 /-11.7% y-o-y). There has been no clear trend lately.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Solvay also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Solvay commits to reduce absolute scope 1 and 2 GHG emissions 31% by 2030 from a 2018 base year.* Solvay commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, processing of sold products, use of sold products, and end of life treatment of sold products 24% by 2030 from a 2018 base year. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.

Company environmental metrics

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