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AkzoNobel reclaims top ranking on Dow Jones Sustainability Index

September 12/2017

MOSCOW (MRC) -- AkzoNobel has returned to the top of the influential Dow Jones Sustainability Index (DJSI) to lead the rankings again for the fifth time in six years, as per the company's press release.

The latest listing, published today, places the company first in the Chemicals industry group. It represents a quick and successful response from the company after its run of four consecutive years at the top came to an end in 2016.

"Its a great achievement to be leading our industry again," said AkzoNobel CEO Thierry Vanlancker. "We made a huge effort to improve in areas that needed to be addressed and being ranked first again proves the impact we can have by putting sustainability at the heart of our business strategy."

The company has now featured in the top ten for 12 consecutive years, underlining AkzoNobels commitment to working with customers to develop sustainable solutions that make a positive impact on the whole value chain.

"The real value and purpose of the DJSI lies in its effectiveness as a benchmark tool to continue to improve our business," added Vanlancker. "So were well aware that just because we are leading the ranking again, we cant afford to become complacent. As a leader in sustainability, we are playing a major role in transforming the industries in which we operate. We therefore need to keep improving in order to make the giant leaps required for us to create a more sustainable future."

He pointed to the progress being made by the Decorative Paints business in transitioning to water-based products, and the continued success of partnerships being forged by Specialty Chemicals, as examples of how the company is helping to transform the industries in which it operates. AkzoNobel is also aiming to become carbon natural by 2050.

Regarded as the most respected independent sustainability ranking system, the DJSI World Index benchmarks the sustainability performance of leading companies based on environmental, social and economic performance, including forward-looking indicators. It assesses various criteria, including supply chain management, operational eco-efficiency, product stewardship, human capital development, integrity and people, process and product safety.

As MRC reported before, on 9 June 2016, AkzoNobel said it was adding marine and protective coatings capacity at its existing performance coatings site at Lipetsk, south of Moscow. The new capacity was expected to be operational in the third quarter of that year. It will enable AkzoNobel to supply protective coatings for the regional oil and gas, mining, power and infrastructure markets, as well as marine coatings for ship building, maintenance and repair. The investment represents a further expansion for the multi-business site at Lipetsk.

Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational, active in the fields of decorative paints, performance coatings and specialty chemicals. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 55,000 people.


mrcplast.com
Author:Margaret Volkova
Tags:pigments, coatings, car components, construction, paints and coatings, AkzoNobel, Netherlands, Russia.
Category:General News
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