Moving forward, Solenis will follow a clearly defined path to achieve its sustainability goals.
Our ambition for the future is to create more value for all our stakeholders while consuming less, thereby minimizing our impact on the environment and society.
Supporting our customers in their sustainability journeys will always be central to our business. Going forward we will intensify our look inwards, with a focus on consumption reduction and on product development with sustainability at its core.
We now have a prioritized set of actions to help us achieve that ambition. We will work towards meeting our current targets and will update routinely in line with business developments and expectations from our stakeholders. We will continue to monitor sustainability trends, risks and opportunities facing our business, as well as changes in legislation, ensuring we will be prepared to adapt to the ever-evolving sustainability landscape and business environment.
As we work towards our targets, we’ll keep looking for more ways to run our business in a sustainable way, enhancing growth while decreasing our environmental impact. Our global team of experts are ready to help us get there, and we look forward to the next chapter.
Evaluating our progress is critical to understanding our path forward. To ensure full transparency for all stakeholders, we have included relevant ESG data, which will be updated annually.View data
In 2020, we carried out a materiality assessment to identify and prioritize the most material topics to our stakeholders and our business. Material topics are those that have the potential to impact the long-term viability of the company and are of concern to our internal and external stakeholders. We will update our materiality assessment on an annual basis to reflect key sustainability topics that are important in our industry and the wider external environment.
Our materiality process consisted of three key phases:
As part of our materiality assessment process, we engaged and collaborated proactively with stakeholders across the business to gather their views on key sustainability risks and opportunities and on the issues most relevant to the business.
The external stakeholder perspectives were determined by undertaking extensive desk-based research on sector and industry-specific trends.
We used data from our analysis to rank a set of 18 sustainability topics, depicted in the materiality matrix below. The materiality matrix illustrates the relative importance of these topics in relation to their impact on our business and relevance to our external stakeholders.
Our Sustainability Report introduces our sustainability approach and demonstrates the ongoing efforts we have undertaken to make our business more sustainable and resilient. Our strategic sustainability approach organizes our actions and commitments across four focus areas — our four pillars: Wellbeing, Health & Safety of Our People; Protecting our Planet; Partnerships in Our Value Chain; and Governance and Compliance.
Through the actions and commitments in each of these pillars, Solenis aims to create value for our stakeholders, while responding to sustainability and societal challenges, including contributing to the UN Sustainable Development Goals (SDGs). Solenis has prioritized five SDGs where we believe we can have the biggest impact through our customers, products, processes and partnerships.
The Sustainable Development Goals (SDGs), or Global Goals, are a collection of 17 interlinked, globally focused goals designed to be a “blueprint to achieve a better and more sustainable future for all.” The SDGs were set in 2015 by the United Nations General Assembly and are intended to be achieved by the year 2030. They are included in a UN Resolution called the 2030 Agenda, colloquially known as Agenda 2030.
Solenis’ response to the UN SDGs using the GRI as a reporting framework is summarized below:
We have robust sustainability governance structures in place to ensure that material topics are managed at the highest level and that we continue to evolve our approach to sustainability.