Solvay reaffirmed its commitment to combating climate change at COP 22 in Marrakech this week. Jean-Pierre Clamadieu, who has participated in several high-level meetings with business leaders and ministers from around the world, stressed the important role that chemical industry innovations and cooperation between industrial sectors can play in implementing the Paris Agreement. Solvay is taking steps to accelerate the transition to a circular economy after signing a three-year partnership agreement with the Ellen MacArthur Foundation. “The shift to renewable energy plays a crucial role in the fight against climate change, but it will not be enough. To achieve climate goals, it is essential that we change the way we design, manufacture and use food and products. Completion of the image through the transition to a circular economy can enable us to meet the needs of a growing world population while creating a prosperous and resilient economy that can last. We are working to double the speed at which we reduce greenhouse gas emissions to reduce greenhouse gas emissions by 26% and align their trajectory with the 2015 Paris Agreement target of “a temperature increase well below 2 degrees Celsius.” This commitment is part of Solvay`s renewed sustainable development goal, Solvay One Planet. Inspired by the United Nations Sustainable Development Goals (SDGs), it focuses on three key areas: climate, resources and improving life. Finally, there are many other instruments to help Solvay achieve its climate goals. Thus, the group`s internal co2 price, set at a price above the market value of 50 euros per tonne of CO2, determines all investment decisions worldwide, while the emissions incentives for executives show how serious our ambitions are: executive bonuses are directly influenced by our actual performance in CO2 reduction.
Simply put, we want to grow while sustainably maintaining our planet`s climate. In terms of climate and biodiversity, our goal by 2030 is to reduce the environmental impact of our global operations and reduce global C02 emissions with our customers. The transition to renewable energy can cover only 55% of global greenhouse gas emissions, but much of it is still missing.