Solvay chemical: A tool for identifying and planning sustainable business strategies

Abstract

Solvay, a global chemical company headquartered in Belgium with revenues in 2017 of 10 billion is an example of a company that is seeking to adopt integrated reporting. It has developed a sustainable portfolio management tool to assist the company with reducing the environmental and social risks of its products and producing an integrated financial report. The tool maps the environmental footprint and costs and risks to society of all products, investments, research and innovation projects, and potential mergers and acquisitions. Solvay has enjoyed greater annual revenue growth rates in areas in which customers and consumers look to Solvay’s products to match their unmet social or environmental needs.