Our strategy is to develop as a multi-specialty chemical solutions-provider that contributes to addressing the world’s challenges by focusing on the innovative sustainable solutions we bring to our customers. We see a lot of opportunities in our challenging and fast-changing environment. We are continuing to execute our transformation to generate stronger growth, more resilience, and greater returns for our shareholders.
2016 has been a strong year of delivery for the Group, in which we met our objectives by achieving key milestones on each of our strategic levers – Portfolio upgrade, Excellence and Synergies, Management Model.
For more information, click on the interactive graphic below
Executing our transformation
To implement its strategy, Solvay relies on:
Gaining a thorough understanding of customers, being able to anticipate what they will need in five years’ time
Tech Days: getting closer to our customers
Solvay regularly organizes events called “Tech Days” with customers as well as key prescribers in their industries, who are best positioned to understand the needs of the end consumers and are driving market trends. These events allow Solvay to better understand its customers’ challenges and to raise the visibility of its portfolio of technologies and solutions.
Solvay has set up around 20 Group Tech Days over the last five years, involving leading players in such industries as automotive, aeronautics, oil & gas, agro and coatings. These events – held in Europe, Asia, and the Americas – have had a significant impact for the Group. They have been attended by more than 2,500 representatives of customers and have given rise to tangible business opportunities for the Group (e.g. through joint development agreements).
Developing the technologies that will deliver sustainable solutions
Sustainable Portfolio Management (SPM): a strategic tool for our businesses
Solvay uses its SPM tool to identify and analyze opportunities that will have a positive impact on its extra-financial objectives. By analyzing the manufacturing steps and all possible product-application combinations, SPM allows us to focus our portfolio, innovation projects, and acquisitions on the most environmentally friendly and socially responsible technologies and businesses. These may be familiar solutions – such as biodegradable products for soaps and shampoos and renewable-based solvents for paints and coatings – or more complex solutions, for example enabling consumers to ultimately reduce their energy consumption or generate less food waste.
Solvay’s objective is to achieve at least 50% of the Group sales with “sustainable solutions” by 2025.
Developing talents capable of understanding customers’ needs and enabling technologies
Talent Days: developing our people
Solvay has set up a range of initiatives to give guidance to each employee in the Group’s transformation and ensure the development of each individual’s potential.
Talent Days are one of these initiatives, a powerful vehicle for managing and developing talents through learning, personal contact, and networking. This two-day event provides participants with an opportunity to boost their career paths by enhancing their visibility and understanding of business challenges. Face-to-face meetings with senior managers and the subsequent feedback help them clarify their aspirations and develop soft skills such as self-awareness, and impact and influence.
Feedback shows that Talent Days deliver outcomes in terms of commitment, engagement, and energy from both participants and managers. In 2016, 26 participants and 22 managers took part in the European Talent Days; there were similar numbers in Latin America, while 30 talents and 30 leaders participated in Asia Pacific.