AkzoNobel says it 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 its 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 degrees Celsius above pre-industrial levels.
AkzoNobel’s target is to reduce carbon emissions for the whole value chain by 42 per cent by 2030 (baseline 2020). This will apply to the company’s own operations, as well as its partners such as customers and suppliers. Currently being officially validated by the Science Based Targets initiative (SBTi), the target will further sharpen and accelerate the company’s vision for its own 'People. Planet. Paint.' approach to sustainable business, which was launched in 2019.
The company is forging ahead of target on two key environmental ambitions: halving its own carbon emissions and having 100% renewable electricity in the company’s operations by 2030. To highlight this strong progress, it was recently announced that AkzoNobel would operate only on renewable electricity in Europe by 2022.