How we create value
As the leading global paints and coatings company and a major producer of specialty chemicals, we know only too well that our future hinges on our ability to create value by doing more with less.
More innovation, less traditional solutions; more renewable energy and materials, less fossil-based; more value chain focus while improving our financial performance; more investment in talent and career planning.
By bringing more value to our customers, investors, employees and society in general, we can better position ourselves for growth and achieve our strategic vision of leading market positions delivering leading performance.
So as well as actively working to reduce our carbon footprint across the value chain, we’re also creating social value by developing our employees and generating intellectual value by continuing to innovate in order to supply more sustainable products and solutions for our customers. This will ultimately lead to more financial value for our investors.
Energy
Total energy use
99,000 TJ
or 5.6 GJ per ton of production
Total energy bill
€0.6 billion
We continue to improve our energy efficiency and increase our share of renewable energy, which is currently at 31 percent.
Raw materials and packaging
Cost of raw materials and packaging
€5.4 billion
Upstream CO2 emissions including VOCs
11 million tons
Fresh water consumption
265 million m3
or 14.9 m3 per ton of production
We value our supplier relationships. Around 96 percent have signed our Vendor Policy, which helps to ensure a sustainable supply chain. Renewable raw materials are now 13 percent of the organic (fossil-based) materials that we buy. An increase will lower our dependence on fossil-based resources.
Asset value
Capital expenditure
€666 million
Value of all assets
€16.1billion
The value of our assets is €16.1 billion. We invested €666 million in 2013 to keep our facilities in good shape, as well as expanding our manufacturing capability. We continue to improve process and product safety.
Human value
Employee engagement score (1-5 scale)
3.88
Employee benefits
€3.0 billion
Employees
49,600
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 a more diverse workforce.
Environmental value
Own operations CO2(e) emissions
3.9 million tons
Total waste
161 kilotons
85%
of sites with sustainable fresh water management
Downstream CO2(e) emissions including VOCs
12 million tons
We continue to improve the environmental footprint of our operations by focusing on operational eco-efficiency.
Innovation value
RD&I investments
€373 million
Innovation is vital for our current and future success. Currently, 18 percent of our revenue is derived from eco-premium solutions with customer benefits. We continue to work towards sustainable solutions that our customers expect from us.
Read more about Decorative Paints
Read more about Performance Coating
Read more about Specialty Chemicals
Customer value
In 2013 we sold products to many thousands of customers. We continue to improve our customer focus and develop products and solutions that help them to be successful in their markets.
Community value
We contributed €1.0 million to community programs, 2,000 employees volunteered, and six million lives improved via our “Let’s Colour” program. We also paid €230 million in taxes.
Buildings and Infrastructure is our largest end-user segment, with €6.4 billion of revenue.
The Transportation end-user segment is generating €2.4 billion of revenue.
The Consumer Goods end- user segment is generating €2.3 billion of revenue.
The Industrial end-user segment is generating €3.5 billion of revenue.