We refined our core values in 2008. They define who we are and what we aspire to become. The values are:
Focusing on our customers’ future first
Embracing entrepreneurial thinking
Developing the talents of our people
The courage and curiosity to question
Integrity and responsibility in our actions.
In 2009, we integrated these values into our global performance appraisal system, known as the Performance and Development Dialog (P&D Dialog), using a model which describes the behaviors associated with each value. We also used our Global Employee Survey to gather feedback from a representative sample of employees regarding the extent to which our company delivers on its values. The results reconfirmed the collaborative culture that the majority of employees are experiencing across AkzoNobel. Even in 2009’s challenging economic climate, we saw a positive trend in engagement.
Integrity and responsibility, for example, is embedded in our Code of Conduct and Business Principles. This value incorporates fundamental principles on issues such as business integrity, labor relations, health, safety and environment and community involvement.
Beyond being a starting point for developing our employees and our corporate culture, we also use our values to guide everything we do. One example of how we are putting our values into action is to recognize and reward scientific development – both internally within AkzoNobel and externally within the science base upon which we depend.
Outstanding people, tremendous ideas, great outcomes
The internal AkzoNobel Innovation Award, presented for the successful introduction of new innovations to the market, was won in 2009 by the team which developed Intersleek 900. Introduced by our Marine and Protective Coatings business in 2007, the revolutionary foul release coating is based on novel fluoropolymer technology and has now been applied to the hulls of almost 300 ocean-going vessels.
The AkzoNobel Science Award
This annual award has been presented in recognition of ground-breaking interdisciplinary research alternately in Sweden and the Netherlands since 1970. In order to reflect our position as a global leader in coatings and specialty chemicals, at the end of 2009 we extended the scope of the award and introduced a new AkzoNobel Chemical Sciences Award in China, which was established in partnership with the Chinese Chemical Society.