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ABOUT THIS REPORT
SOLVAY
|
2015 COMPLEMENTARY ANNUAL REPORT
1
Category
High materiality
Environment
Energy management
Environmental accidents and remediation
Water and wastewater management
Hazardous materials management
Waste management and effluents
Social
Capital
Customer satisfaction
Customers health and safety
Human
Capital
Employee health and safety
Child and forced labor
Business Model
and Innovation
Sustainable business solutions
Product quality and safety
Product life cycle use impact
Leadership
and Governance
3. STAKEHOLDERS’ ENGAGEMENT
SUPPLIERS
Defining prerequisites and integrating
them into the supplier selection process
•
Defining prerequisites, selecting suppliers accordingly
Evaluating buyers’ CSR performance
•
Training and assessing buyers
Managing and assessing
suppliers’ CSR performance,
optimizing relationships
•
Managing and evaluating supplier performance
•
Developing partnerships for innovation
•
Ensuring balanced relationships with suppliers
LOCAL
COMMUNITIES
Ensuring the integration
of entities within their territories
•
Developing and steering relationships with local stakeholders
•
Contributing to local development
Controlling industrial risks
related to entities’ presence
in their territories
•
Identifying hazards and assessing industrial risks
•
Managing industrial risks for the community
•
Preparing for emergency situations
Controlling supply chain risks
and preventing accidents
•
Preventing accidents
3.2
Main feedback in 2015
In 2014 the work linked to materiality analysis involved only internal experts;
stakeholders’ expectations were included indirectly through the “evidence
of interest” prioritization criteria. In 2015 we focused on stakeholders’ en-
gagement, using the group’s existing stakeholders’ engagement channels.
Investors
The materiality analysis was presented to a specific group of investors:
descendants of the founding families of the Solvay group, who currently
represent the largest group of investors. We used a dedicated social media
platform to present the analysis, submitting a questionnaire that asked them
to rank material issues (priority-high-moderate-low) as listed by the SASB
in their materiality approach. Based on this feedback, the most important
materiality issues for this specific group of investors are as follows:
Most of the issues listed as high materiality by this group of investors are
already included in our own analysis. This feedback will be compared to
feedback from other stakeholders, before being used as input for the annual
updates to the Group’s materiality analysis.
The questionnaires received from investment funds in 2015 were related to the
Group’s position on climate and energy policies and to themanagement of endocrine
disruptors. Both topics are already included in the priority issues selected by the Group.
The sustainability dimension is increasingly important to institutional inves-
tors. Ratings by financial agencies progressively encompass sustainability
indicators. Solvay is developing an active dialogue on its sustainability policy
and parameters. The Group is multiplying its opportunities for interaction with
investors who are concerned about Corporate Social Responsibility (CSR) values.
Solvay’s transparency in sustainable development matters is increasingly
being appreciated and assessed as “best in class”. Sustainability matters
are reviewed regularly by the Executive Committee and are discussed by
the Board of Directors on an annual basis.
The number of meetings with investors that focused on sustainability
decreased significantly due to the acquisition of Cytec and the preparation
of the COP21 conference.
BEST BELGIAN
SUSTAINABILITY REPORT
Regarding Solvay’s sustainability reporting: in 2015, the Belgian Asso-
ciation of Financial Analysts ranked Solvay first in both “Best Non-Fi-
nancial Information 2015” and “Best Financial Information 2015”. The
Belgian Institute of Company Auditors awarded Solvay ‘Best Belgian
Sustainability Report’ in the “large corporations” category.
2015 2014 2013
Meeting with investors focused
on sustainability
8
25
26
HIGH MATERIALITY
ISSUES FOR THE FOUNDING
FAMILIES