TAGS: Sustainability / Natural Coatings
CDP (formerly the “Carbon Disclosure Project”) confirms Solvay’s rating at A- in its latest Climate Change assessment, even with a more stringent questionnaire this year. Solvay was again recognized for its governance, its progress in reducing emissions and for its comprehensive climate roadmap.
CDP’s disclosure and assessment process is widely recognized as the gold standard of corporate environmental transparency, and the go-to source of trusted sustainability information for customers and investors.
Tackling Climate Change by Reducing GHG Emissions
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We are delighted that CDP recognized our continued progress and maintained Solvay’s CDP rating in the climate change category”, said Pascal Chalvon Demersay, Solvay’s chief sustainability officer.
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This reflects both our overall targets to structurally reduce greenhouse gas emissions worldwide, and the specific projects that have been launched such as our recently announced coal phase out in two additional plants. We aim to tackle climate change at the service of our customers, our investors, and society as a whole,” added Demersay.
Since Solvay launched Solvay One Planet in 2020, the Group has accelerated the rate at which it is cutting emissions. Solvay already aligned its scope 1 and 2 trajectory with the “
well below 2°C temperature increase” goal outlined in the Paris Agreement and upgraded its emissions reduction target to -30% by 2030.
In 2022, Solvay announced its plans to reduce scope 3 greenhouse gas emissions by -24% by 2030. Throughout 2022, Solvay has accelerated the delivery of its Solvay One Planet sustainability objectives, particularly in reducing carbon emissions.
This included advancing its carbon neutrality ambition with more than 40 confirmed energy transition projects (2.8 Mt CO
2eq) to cut emissions and phase out coal, including at plants such as Devnya, Bulgaria and Dombasle, France in Europe, and Green River, Wyoming in the US.
Source: Solvay