Performance Coatings value creation summary 2017
Our Performance Coatings businesses supply high performance coatings, primarily to business-to-business customers. We are increasingly incorporating low energy processes and working to reduce our carbon footprint across the value chain. Innovation is also key to our product development, which is often highly technical in order to meet strict customer specifications.
Particular emphasis is placed on supplying products that offer environmental benefits for our customers. The aim is to help us create economic, environmental and social value. We continue to be committed to safety, as well as our talent development programs and our contribution to various community activities.
All these initiatives are designed to play a role in contributing to our financial performance and enable us to deliver more economic value for our investors.
During 2017, we invested heavily in capacity expansions in emerging markets, and more moderately in mature markets. Examples include the opening of our Changzhou powder coatings production facility in China, aimed at strengthening our leading position in North Asia. We also invested in a new powder coatings site in Thane, India. In addition, several efficiency improvement projects were carried out, mostly in Europe.
Revenue developmentin % versus 2016
Revenue breakdown by business unitin %
of revenue from eco-premium solutions with customer benefits, due to RD&I investments
4.0 million tons
upstream CO2(e) emissions
We continue to improve efficiency by reducing our energy use per ton of production, and are working towards improving our share of renewable energy. We continue to drive resource productivity to make the most of valuable raw materials and reduce environmental impact, while strengthening our business.
0.3 million tons
CO2(e) emissions own operations
8.3 million tons
downstream CO2(e) emissions
12.6 million tons
CO2(e) emissions cradle-to-grave
increase CO2(e) per ton of sales from 2012 cradle-to-grave carbon footprint
employees at year-end 2017
total reportable rate of injuries
(per 200,000 hours)
Employee safety is a key priority and we are actively driving towards a reduction in the number of incidents.
We highly value, and actively work on improving, employee engagement. We’re investing in training and development and continue to work on achieving a more diverse workforce.
We participate in community programs and local sponsorships.
The carbon footprint of a product is the total amount of greenhouse gas (GHG) emissions caused during a defined period, of the product lifecycle. It is expressed in terms of the amount of carbon dioxide equivalents CO2(e) emitted.