Syensqo 2023 Annual Integrated Report
Syensqo has recently published its inaugural 2023 annual integrated report.
The report provides a comprehensive and integrated view of the company’s economic, environmental, and social performance while highlighting its strong roots and bold ambitions. The report details Syensqo’s financial and extra-financial performance, governance, remuneration, and risk management practices.
2023 was a historic year for Syensqo, in which the company successfully completed its separation from Solvay and was listed on Euronext in December. Despite a volatile macroeconomic and business environment, Syensqo’s businesses met their full-year EBITDA objective. The company also strengthened its balance sheet and used its strong cash generation to accelerate the pace of capital investments in key strategic technologies and platforms.
The report also provides a comprehensive overview of Syensqo's sustainability objectives and progress made. Syensqo’s sustainability commitments are integrated into its growth strategy and the way the company does business. Eighty-five percent of its research and innovation projects are considered sustainable solutions, based on the company’s Sustainable Portfolio Management framework, and top-line growth will increasingly be driven by these sustainable solutions and circularity.
This will mean providing customers with the low environmental impact and renewable-based solutions they need to make their own operations and products more sustainable, for the benefit of Syensqo business, customers’ businesses and the planet.
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