Passion For Paint And Commitment To Carbon Reduction

The carbon footprint reduction commitment AkzoNobel has made covers the full value chain and is aligned with the Paris agreement - which aims to limit global warming and ensure that global temperature rise doesn't exceed 1.5°C above pre-industrial levels

- Ms Pamela Phua

At AkzoNobel, we've made it our business to deliver the sustainable and innovative solutions that our customers, communities and the planet - are increasingly relying on. We're fully focused on ensuring that the pioneering paints and coatings we supply today can help. safeguard our world far beyond tomorrow.

Guided by our People. Planet. Paint. purpose, which lies at the heart of everything we do, we've identified three key global topics climate change, circularity, health and well-being and made a commitment to future generations that we'll do everything we can to address them.

This determination to remain a necessary business for a sustainable future is driven by four key 2030 ambitions: 50% less carbon emissions in our own operations and across the value chain; 50% of revenue from sustainable solutions; moving towards zero waste; and providing skills training to more than 100,000 people in local communities. Beyond 2030, we aim to be carbon neutral by 2050.

Our commitment to science-based sustainability targets

Our sustainability targets are aligned with the Paris Agreement and were validated by the Science Based Targets initiative (SBTi). We are the first paint and coatings company with validated science based targets. The commitment we have made also applies to the full value chain. This includes our own operations (Scope 1 and 2), as well as Scope 3 upstream and downstream. Scope 3 covers purchased goods and services, application, use of our products and end-of-life. Together, this covers around ~96% of our total emissions. We set the carbon reduction target for our own operations in early 2020 - we have targeted a 50% reduction by 2030 - and remain well on track, having reduced our footprint by 21% in 2021 (baseline 2018).

Sustainable solutions - how we are helping our customers