Home / Knowledge / News / Textiles / Solvay commits to reducing CO2 emissions by 40%
Solvay commits to reducing CO2 emissions by 40%
27
Nov '15
Solvay has committed to reduce CO2 intensity of its operations by 40 per cent by 2025 and to achieve this ambitious objective, Solvay will step up its Solwatt energy efficiency program.

Additionally, it will continuously optimise its industrial processes, develop clean technologies and increase the share of renewables in its energy production and supply.

“Furthermore, as of January 1, 2016, Solvay will apply an internal price for CO2 emissions at 25 euros per ton, to take into account climate challenges in its investment decisions,” a press release said.

The company will also try to generate 40 per cent of revenues with solutions addressing the challenges of sustainable development and will use its 'Sustainable Portfolio Management' analysis tool to identify opportunities in this field.

Innovation projects will focus on developing new light weighting solutions for cars and airplanes as a way to reduce CO2 emissions or on advanced ingredient formulations for the agricultural sector.

Solvay will also halve the number of accidents at work as safety at work for Solvay's 26,000 employees and contractors will remain an absolute priority.

“Although the Group's performance as measured by the frequency rate of accidents with lost time, places Solvay among the best of its sector peers, we want to go further and halve the number of accidents recorded on our sites,” it informed.

The company will also raise the commitment of employees to 80 per cent from 75 per cent in 2015 and also double the number of Solvay employees involved in societal projects.

Solvay added that it is committed to its local communities and in 2014 alone, it led more than a thousand local community actions.

“We aim to strengthen this commitment by facilitating the involvement or our employees in projects that serve the community and by offering Solvay's expertise to regions where the Group is present,” Solvay stated.

Solvay's executive committee will regularly steer and review these commitments and they will be communicated to its stakeholders, similar to the Group's financial performance.

"At Solvay we are driven by trust in progress, promoting science and the on-going concern for responsibility. The challenge of more sustainable development is just as much an opportunity for us to invent tomorrow's world," said Jean-Pierre Clamadieu, CEO of Solvay. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search