365 days of progress, innovation, and building the future
Can you believe we are already one year old? What a journey it has been. Let’s take a look back at some of the defining moments of the past 365 days.
The Journey Begins
It all started on December 11, 2023, when we rang the Euronext bell, marking the beginning of Syensqo’s journey as one of the largest publicly traded specialty companies in the world, focused on innovation and growth.
This milestone was supported by an overwhelming 99.53% shareholder vote in favor of the separation. The listing represents a historic moment as the company embarked on an exciting, innovation-driven path focused on delivering superior growth and value creation.
Sustainable Progress
Over the last 365 days, we achieved key milestones in our sustainability journey: we are halfway toward meeting our 2030 climate goals, increased circular sales to 15%, released targets on responsible water stewardship, doubled the number of sites operating under the #SyensqoStarFactory roadmap, and advanced the implementation of a living wage worldwide.
These achievements reflect our commitment to shaping a cleaner and more sustainable world, leaving no one behind.
Strategic Partnerships
Through the Climate Impulse partnership, we took a bold step toward initiatives shaping the future of hydrogen aviation: a green hydrogen-powered airplane designed to fly non-stop around the world.
As the main technological partner, alongside UM6P and OCP Group, Syensqo plays a pivotal role in this groundbreaking endeavor, which promises to set a new standard for sustainable aviation and drive the sector toward net-zero emissions.
From the sky to the ground, our partnership with the DS Penske team in the ABB FIA Formula E Championship demonstrates our drive to push the limits of performance while championing sustainability. Formula E isn’t just a sport; it’s a platform showcasing the potential of electrification in motorsport and beyond.
Our dedication to excellence extended beyond the racetrack, supporting remarkable athletes who embody our values of determination, resilience, and achievement.
Bold Innovation
Research and Innovation lie at the heart of Syensqo, with over 2,000 scientists working together worldwide.
In 2024, Syensqo invested €10 million in the Application Development Labs (ADL) in Bollate, Italy. These state-of-the-art facilities focus on green mobility, energy efficiency, and sustainable sourcing. The ADL research center in Bollate collaborates closely with Syensqo’s other application development labs worldwide, including those in Alpharetta (U.S.), Seoul (Korea), Fuji (Japan), Shanghai (China), Heanor (UK), and Brussels (Belgium).
Our ADL network leverages local expertise and cutting-edge facilities to deliver sustainable global solutions, underscoring our ambition to be the premier innovation partner for our customers.
Innovation also took center stage with Professor Omar Yaghi, the 2024 Laureate of the Science for the Future Ernest Solvay Prize, recognized for his groundbreaking work in CO₂ capture, hydrogen storage, and water harvesting. This highlighted Syensqo’s commitment to addressing global challenges through science.
Building the Future
2024 also marked a leap into the future of work with the launch of SyGPT, a secure, internal AI-powered assistant. Developed in collaboration with Microsoft and powered by GPT-4 Turbo, SyGPT transformed workplace productivity, enabling employees to focus on meaningful innovation.
In parallel, AI-driven projects across customer service and process optimization are laying the groundwork for even more impactful advancements.
The achievements of 2024 underscore a shared commitment to building a future where innovation drives progress and humanity thrives.
Greetings
2024 brought its share of successes and challenges, but as explorers, we faced every difficulty with resilience and emerged stronger.
With solid foundations, remarkable talent, and a shared commitment, we will continue exploring, making an impact, and advancing humanity. Best wishes to everyone for a successful and inspiring 2025!