Syensqo joins CSR Europe and confirms its sustainability targets

Alongside its presence at the JEC World 2024 exhibition, Syensqo, stemming from a spin-off with Solvay at the end of 2023, formalises its entry into CSR Europe to accelerate sustainable development for businesses in Europe. CSR Europe brings together private companies, NGOs and public institutions to promote sustainable development and foster the co-construction of a sustainable Europe by 2030.

Reconciling sustainability and competitiveness

“We are proud to join CSR Europe which has been one of the driving forces behind the Green Deal in Europe, to which Syensqo fully subscribes. Within this network, we must explore new ways to implement sustainability principles in European organisations and make it more effective. And this decisive transformation must also allow us to enhance our competitiveness”, explains Ilham Kadri, CEO of Syensqo.

“Our scientific and technological foundation serves greater efficiency for sustainable development and growth. It’s a comprehensive approach that involves the group and its employees, as well as our entire value chain”, adds Titta Rosvall-Puplett, responsible for sustainability development within the group.

Objective carbon neutrality by 2040

To ensure that words are translated into actions, Syensqo’s leaders confirm the group’s commitments in three main areas: climate and nature; sustainable growth; and ‘a better quality of life’. In the first area, Syensqo aims for a 23% reduction in its scope 3 greenhouse gas emissions by 2030, compared to a 2021 baseline. A 40% reduction is aimed for scopes 1 and 2 for which carbon neutrality objective is set for 2040. In terms of business development, Syensqo aims for sales from the circular economy to represent 18% of its total revenue by 2030. For the quality of life aspect, the group commits to achieving gender parity in its middle and senior management by 2033, while also working on the remuneration of all employees.