Our approach to sustainability
At AkzoNobel, sustainability is one of our core principles. That’s why we take action every day by empowering our people, reducing our impact on the planet and consistently innovating to deliver sustainable solutions to our customers. It’s about focusing on the things we can truly influence. We call it People. Planet. Paint.
It’s our new down-to-earth approach to sustainability, which will help us deliver tangible benefits for our customers, society, the environment and our business. It’s how we’re making sustainability a daily priority, which we believe is the best commitment we can make if we’re serious about being sustainable in the long term. And every step we take to create a positive impact on the world enables us to enhance our position as the leader, when it comes to sustainability in the paints and coatings industry.
Building on our strong legacy, we have further developed our all inclusive, holistic sustainability approach. It highlights how sustainability is reflected in our product innovations with customer benefits, our supply chain, the way we operate and how we behave as an employer and member of society.
Our challenging ambitions are realistic and deliverable, having been developed collaboratively with our businesses and functions. They’re also designed to contribute to the global sustainability agenda represented by the United Nations Sustainable Development Goals (SDGs). We focus on the SDGs where we can have the biggest impact through our products, processes and partnerships. By turning ambitions into actions, by innovating and creating a better world for future generations, AkzoNobel will remain at the forefront of sustainability in the paints and coatings industry.
More details will be announced during the course of 2020. Currently, our ambitions include the following:
People: Inspire and empower people and communities through our passion for paint. We positively impacted 40 million people between 2015 and 2019.
Planet: Reducing waste, energy and greenhouse gas emissions are the main environmental indicators we’re focusing on, which includes zero waste to landfill by 2020. We also aim to use 100% renewable energy by 2050 and become carbon neutral, also by 2050.
Paint: Continue to maintain at least 20% of our sales from eco-premium solutions by 2020. Together with our eco-performers, we’re aiming to have more than 40% of revenue from sustainable solutions that bring benefits to our customers.
The future of sustainability at AkzoNobel is about further integrating and enhancing the quality of our sustainable solutions to ensure they have a positive impact on society and the environment. It’s about taking both big and small steps that truly make a difference.
This Sustainability statements section of the Report 2019 is separate from, and does not in any way form part of, the company’s annual financial reporting as defined in article 5:25c of the Dutch Financial Markets Supervision Act. This section contains summarized key performance indicators (KPIs) relating to sustainability performance.
A measure of the sustainability performance of our products. An eco-premium solution is significantly better than the offer in the market in at least one mainstream criteria (toxicity, energy use, use of natural resources/raw materials, emissions and waste, land use, risks, health and well-being), and not significantly worse in any other criteria. Downstream benefits include a tangible sustainability benefit for our customers.
An eco-performer is a solution offering clear sustainability benefits, but which is overall on a par with the mainstream offer in the market.