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SUSTAINABILITY STATEMENT
SOLVAY
|
2015 COMPLEMENTARY ANNUAL REPORT
2
2. SOLVAY WAY’S APPROACH AND MANAGEMENT
2. SOLVAY WAY’S APPROACH
AND MANAGEMENT
2.1
Solvay Way, our way
of doing business
Solvay Way is the Group’s approach to sustainability. It integrates social,
societal, environmental and economic aspects into the Company’s man-
agement and strategy, with the objective of creating value. It takes into
account society’s changing expectations, requiring industry to develop
technologies, processes, products, applications and services that are in line
with the objectives of sustainable development.
Solvay’s commitment to sustainable development and social responsibility
applies to all life cycle stages of its products - including design, manufactur-
ing, product applications, end-of-life and use of resources - and the social
consequences of their manufacture or use.
Solvay develops and maintains a permanent dialogue with its stakeholders
and their representatives, on issues of sustainable development. The discus-
sions are based on the will to innovate and move forward together as well
as to develop specific partnerships. Contracts are prepared, negotiated and
executed by Solvay to reflect the Group’s sustainable development policy.
Solvay Way practices are reviewed each year by external partners and the
Sustainable Development Function implements the findings and conclusions
to achieve progress. Progress of maturity in Enterprise Risk Management is
one of the Solvay Way practices.
G4-36
G4-35
Regarding business portfolio management, Solvay Way integrates a specific
tool: SPM (Sustainable Portfolio management). Developed by Solvay with
Arthur D. Little and the Dutch Organization for Applied Scientific Research
(TNO), SPM assesses the sustainability and the potential impacts of Solvay’s
product and market portfolio.
Coordinated by the Sustainable Development Function, Solvay Way is mon-
itored by a global network of more than 200 “Champions” and “Correspond-
ents” who ensure its active deployment within the GBUs or the Functions.
The Sustainable Development Function is responsible for supervising the
approach on behalf of the Group. It coordinates the work carried out by this
global network and reports directly to the CEO.
The network of Solvay Way Champions and Correspondents play a key role by
ensuring deployment of the process, bymotivating their colleagues to fulfill precise
objectives, and by setting action plans to improve their processes and practices.
Each entity is responsible for implementing the Solvay Way within its organ-
ization. The annual self-assessment of its practices, using the Solvay Way
analysis grid and scoring system, enables the entity to measure the progress
achieved and to adjust its improvement plan. The Sustainable Development
Function consolidates this assessment data and presents the results to
the Board of Director, the Executive Committee and the Leadership team.
One
Correspondent
by site (production
and R&I) and by
function in business
One
Champion by business
geographic zone
and corporate
function
Corporate
Sustainable
Development
function
Employees
Board of Directors
Comex
Leadership team
SOLVAY WAY
NETWORK