2023
Solvay
Year
Sector
Chimie
ACT assessment methodology
Chemicals
Performance Score
Highlights:- Past trajectory of reducing emissions (outside of upstream scope 3) and energy consumption- Good structuring of the approach at the governance level- A business model compatible with low-carbon economyPoints for improvement/reflection:- Ambition of targets (WB2°C vs 1.5°C), granularity of monitoring and steering of emissions by product type, long-term objectives to be set- Granularity of emissions prospective information allowing to trace a future trajectory of emissions/locked emissions- Detail the action plan to achieve the objectives (financing, time frame, potential for reducing emissions)
Narrative Score
The company has identified business models compatible with a low-carbon world and the past trend in reducing emissions is good.However, the rise of these business models is not the subject of detailed publications and there is no forward-looking element allowing a reliable future trend to be constructed.The level of ambition of the decarbonization targets remains perfectible. The presence of controversies relating to PFAS is offset by a strong response from the company (elimination of problematic production processes by 2026). The risk analysis carried out by the company integrates various relevant risks, particularly relating to flurated gases.Some potentially relevant risks (in particular availability and sufficiency of bio-sourced/recycled inputs)
Trend score
The positive elements identified are offset by the absence of detailed forward-looking information and the uncertainties associated with future emissions trends given that the decrease in emissions in 2023 compared to 2022 appears to be mainly linked to a potentially temporary decrease in production.These elements result in proposing a trend "=".
Source
ACT Eval 1
Evaluator
CITEPA
GLOBAL SCORE
Performance score (/100)
42
Disclosure score (/100)
86
ℹ️
Narrative Score (A > E)
B
Trend Score (- = +)
=
Scores by module
#1 : best score in the sample
N/A% = module not applicable to the sectoral methodology
Target Score : 33%
Material Investment Score : 41%
Intangible Investment Score : 19%
Sold Product Performance Score : 0%
Management Score : 73%
Supplier Engagement Score : 40%
Client Engagement Score : 40%
Policy Engagement Score : 27%
Business Model Score : 100%
Indicator weight by module