Solvay
2019 Annual Integrated Report

GRI Disclosures

The Government Affairs Function raises the Group’s awareness of the general political context, the main challenges faced by public authorities, and more specific policy issues. In line with Solvay’s code of conduct and with the aim of supporting the best possible business environment, the Government Affairs team works to foster long-term partnerships with public authorities and other relevant stakeholders by building on a transparent and constructive dialogue.

Commitments and positions

The typical issues in the scope of activities of the Government Affairs Function are the following:

  • Promote climate change solutions for the energy transition: Solvay supports the Paris Climate agreement and contributes to its implementation. In this context, Solvay argues for the development of a clear, predictable, and sustainable legislative framework for Climate Change policy in the European Union and globally, ensuring a balanced transition to a low carbon economy;
  • Competitiveness: Solvay advocates for a regulatory system that fosters entrepreneurship and industrial innovation by safeguarding or improving competitiveness, and that creates highly skilled jobs worldwide;
  • Environment and Chemical policy: Solvay collaborates with trade associations and public authorities to develop and implement laws and standards;
  • Promote global trade: as an international company, Solvay recognizes the importance of free trade based upon a multilateral trading system. Reducing trade barriers is essential for economic growth and thus for industrial activity.
  • Geopolitical assessment: Solvay assesses the geopolitical situation so as to better understand the potential impact (trade, investments) on its businesses.

Resources and responsibilities

The roughly 24-member Solvay global Government Affairs team, which includes Country Management, works to establish a permanent dialogue and long-term partnerships with public authorities and other relevant stakeholders.

This includes participation in many trade associations, such as the World Business Council for Sustainable Development (WBCSD), the International Council of Chemistry Associations (ICCA), BusinessEurope, the European Round Table of Industrialists (ERT), the American Chemistry Council (ACC), the European Chemical Industry Council (CEFIC), and Corporate and Social Responsibility Europe (CSR).

Solvay’s political contributions

The Group does not take part in party political activities, nor does it make corporate donations to political parties or candidates. However, the Group will engage in a constructive debate with public authorities on subjects of legitimate interest to Solvay. Only those employees specifically authorized to do so may carry out these activities.

Solvay respects the freedom of its employees to make their own political decisions. Any personal participation or involvement by an employee in the political process must be on an individual basis, on the employee’s own time, and at the employee’s personal expense.