Solvay has been featured in a new fund launched by Nordea Asset Management (NAM) called the Nordea 1 - Global Climate Engagement fund.

The fund identifies companies that have the potential to transition their business models towards cleaner operations, and the opportunity to engage with management teams to support their sustainability initiatives.

“We are proud that our plans have motivated Nordea’s new thematic fund to invest in Solvay,” said Ilham Kadri, CEO of Solvay.

“It’s a demonstrable recognition that our ambitious One Planet sustainability roadmap will contribute positively and significantly to the climate agenda. Our contribution to the sustainability journey of our customers is one of the cornerstones of our strategy. We’ve been working with our customers to produce more sustainable solutions along the value chain. And we are planning to deliver the progress on climate whilst also creating superior shareholder value, proving yet again that responsible value creation is very much within our reach.”

Solvay was identified as having a well-defined energy transition plan whose focus is on switching energy sources, including opportunities for process innovations, particularly for emission-intensive sites, to reduce emissions to improve the Company’s carbon footprint.