SUEZ Unveils 2030 Strategic Plan

SUEZ recently announced its “Shaping SUEZ 2030” comprehensive strategic plan to position the group for the opportunities and the challenges of the next decade. The plan enhances value creation for all stakeholders over four years, with material results as soon as 2021.

“Given the key trends in our business—the continued growth of the circular economy and its impact on our customers, the emergence of new business models and new competitors, combined with a profound shift of the mindset of citizens toward the climate crisis and a need for concrete action—SUEZ will accelerate its transformation,” said the company in a statement.

With this new plan, the group said it will leverage its core strengths to drive selectivity in growth, simplicity in its way of working and a renewed engagement grounded on a passion for the environment.

“The success of SUEZ 2030 will be based on mobilizing the energy and expertise of all our committed employees—to better serve our customers and partners. Our new values—passion for the environment, customer first, respect, team spirit—combined with a culture which revives our winning-spirit, will all support the deep transformation which underpins our strategic plan,” said Bertrand Camus, SUEZ CEO, in a statement.

According to the company, Shaping SUEZ 2030 will increase value for all stakeholders by accelerating:

“The plan will transform the group at all levels in the mid-term: our ambition for the four years to 2023 is to embed our new values and culture firmly across the group, set the scene for sustained organic growth with lower capital intensity, change our business portfolio and improve our returns on capital employed by at least two points, enhancing our capacity to increase our dividend at a normal payout ratio,” according to the company.

Change will be evident by 2021, and the group’s financial objectives for that year aim to reflect the company’s intention to focus on profitability and sustainability going forward.

2021 guidance:

“We see opportunities across each of our three business segments (Water, Recycling & Recovery and Environmental Technologies & Solutions),” according to the company. “We will grow in international markets, do more with industrial customers and win business based on technology and data-driven environmental solutions, with Europe remaining at the heart of our innovation and sustainability. Taken together, the set of actions we have started to execute take us on a four-year journey to 2023, during which we will transform the group in every respect. We commit to show visible progress already in 2021.”