Stakeholder engagement

We engage proactively with our stakeholders to identify opportunities to create shared value and collaborate. The focus of the key external stakeholder groups assessed is as follows.

Signatories and memberships

We have been a signatory of the UN Global Compact since 2004 and annually disclose our “communication of progress”. We subscribe to the UN Universal Declaration of Human Rights, the key conventions of the International Labour Organization and the OECD Guidelines for Multinational Enterprises, and we adhere to Coatings Care® Global and the CEO Water Mandate. We are a member of organizations such as the World Business Council for Sustainable Development (WBCSD) and the World Green Building Council.

The UN Sustainable Development Goals (SDGs)

We contribute to the global development agenda by focusing on those SDGs where we can have the biggest impact, in line with the SDG Compass guide for business. After the divestment of Specialty Chemicals, we reassessed our impact. We focus mainly on SDGs 11, 12 and 17 (see Case studies). Our sustainability agenda remains built on our core principles of sustainability, safety and integrity, including respect for human rights. Within the WBCSD, we co-led the development of a road map for the chemicals sector to contribute to the realization of the SDGs.

United Nations Sustainable Development Goals
Assessment of AkzoNobel contribution

Main Intermediate Minor

Operations

Markets

Remain ahead of legislation

Identity

1

No poverty

 

 

 

2

Zero hunger

 

 

 

3

Good health and well-being

 

 

4

Quality education

 

 

5

Gender equality

 

 

 

6

Clean water and sanitation

 

 

 

7

Affordable and clean energy

 

 

8

Decent work and economic growth

 

 

9

Industry, innovation and infrastructure

 

 

10

Reduced inequalities

 

 

 

11

Sustainable cities and communities

 

 

12

Responsible consumption and production

 

13

Climate action

 

 

14

Life below water

 

 

 

15

Life on land

 

 

16

Peace, justice and strong institutions

 

 

 

17

Partnerships for the goals

 

Investors and benchmarks

Our sustainability performance is recognized by external benchmarks, rating agencies and indices (see AkzoNobel and the capital markets). We recognize that there’s an increasing variety of indices, so we need to focus on those that fit our type of business best and create the most value for us and our stakeholders. We reviewed which benchmarks are best suited for AkzoNobel as a focused paints and coatings company.

After more than a decade of top ten rankings on the Dow Jones Sustainability Index (DJSI), we are now focusing fully on further real-life sustainability performance improvements. Going forward, we’ll prioritize our active participation in benchmarks that help us drive continuous improvement and rely mostly on publicly available information. This means we will no longer actively participate in benchmarks that put a significant additional reporting need on the organization, above and beyond what we already disclose externally, such as the DJSI.

We’ll continue to set our own ambitious targets on topics material to our company, embed those targets into the relevant functions and businesses, and report transparently on progress. This approach will allow us to focus on driving improvement, rather than additional reporting.

Reporting principles

Our reporting principles are based on the Global Reporting Initiative (GRI) standards, complemented by internally developed guidelines. Our complete reporting principles can be found on our website, as well as an index of the GRI indicators.