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AkzoNobel to reduce supply chain emissions by 42% by 2030

July 23/2021

MOSCOW (MRC) -- AkzoNobels target is to reduce carbon emissions for the whole value chain by 42% by 2030 (baseline 2020). This will apply to the companys own operations, as well as its partners, such as customers and suppliers, as per the company's press release.

Currently being officially validated by the Science Based Targets initiative (SBTi), the target will further sharpen and accelerate the companys vision for its own People. Planet. Paint. approach to sustainable business, which was launched in 2019.

AkzoNobel has become the first paints and coatings company to follow up on its commitment to setting science-based sustainability targets by announcing carbon reduction targets for the full value chain. The company has aligned its own sustainability ambitions with the Paris agreement, which aims to limit global warming and ensure that global temperature rise does not exceed 1.5 C above pre-industrial levels.

Setting a target like this really matters, says AkzoNobel CEO, Thierry Vanlancker. Its a clear signal that were preparing to mobilize our teams globally and take stronger action to tackle climate change. We need to act fast and focus on collaboration and innovation. When push comes to shove, there are those who contribute towards a zero carbon future and those who don't. Were determined to do all we can and set the example by being the frontrunner in our industry. 

AkzoNobel has already taken great strides forward with its People. Planet. Paint. approach and is forging ahead of target on two key environmental ambitions halving its own carbon emissions and having 100% renewable electricity in the companys operations by 2030. To highlight this strong progress, it was recently announced that AkzoNobel would operate only on renewable electricity in Europe by 2022.

As MRC wrote before, AkzoNobel has strengthened its paints business and footprint in Spain by completing the acquisition of 100% of the shares of Spanish decorative paints maker Titan Paints for an undisclosed fee in March, 2021.

We remind that Russia's output of chemical products rose in March 2021 by 5.4% year on year. Thus, production of basic chemicals increased year on year by 6.7% in the first moths months of 2021.

Headquartered in the Netherlands, AkzoNobel is active in over 150 countries and employ around 33,000 people who deliver the high-performance products and services customers expect.
Author:Margaret Volkova
Tags:petrochemistry, coatings, paints and coatings, Akzo Nobel Functional Chemicals BV, Spain, Netherlands.
Category:General News
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