About this report
Going further in our integrated management journey
Solvay’s 2017 Annual Integrated Report gives an account of the progress we made last year in transforming ourselves into an advanced materials and specialty chemicals company. We are committed to sustainable and long-term value creation. Our Annual Integrated Report is based on the framework established by the International Integrated Reporting Council (IIRC) and reflects how we integrate sustainability into the management of our businesses, creating value for our customers and many other stakeholders.
Our ambition is to be a leading contributor to the reshaping of the global chemical industry and help deliver solutions that will meet the planet’s sustainability challenges. We believe that collaboration makes a real difference, and we invite our stakeholders to contribute their skills, technologies, and resources. Creating sustainable value is more than a responsibility; it is also an opportunity. This is why in this year’s report, we have asked our stakeholders for feedback on how we have been able to contribute to their long-term interests.
Our journey towards integrated reporting continues to evolve deliberately yet cautiously. With over 150 years of history, we are deeply aware of the importance of value that stands the test of time. Sustainability without strong profits is not sustainable, while strong profits to the detriment of sustainability undermine the longevity of a business.Karim HajjarMember of the Executive Committee and Chief Financial Officer
The 2017 Annual Integrated Report builds on last year’s report, and integrates feedback from several authoritative bodies, including the Global Reporting Initiative (GRI) and World Business Council for Sustainable Development (WBCSD). It is also aligned with GRI Standards and takes into account the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The information provided also serves as a progress report on the implementation of the ten principles of the UN Global Compact and the Sustainable Development Goals (SDGs).
How to approach this Report
The “Understanding Solvay” section of this Report follows an integrated thinking approach, putting selected contents into the perspective of our vision and strategy, linking material information, and providing an outlook on the future. It focuses on priority topics for Solvay, telling the story of the Group’s transformation, and presenting the objectives it has pursued over the last few years and its recent key achievements.
Links proposed in the Understanding Solvay section point to more detailed analyses in the Management Report. The latter also includes a focus on high materiality issues and a more detailed description of our business model.
Solvay’s strategic objectives
Sections with this icon have been audited
Sections with the Sustainable Development Goals (SDGs) icon show how the individual goals are implemented