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AkzoNobel receives SBTi approval for carbon reduction target

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AkzoNobel receives SBTi approval for carbon reduction target

September 09, 2021 - 09:39
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AMSTERDAM, The Netherlands , Sept. 8, 2021 (Press Release) -AkzoNobel’s commitment to setting science-based sustainability targets has now been officially validated by the Science Based Targets initiative (SBTi) – confirming its status as the first paints and coatings company to receive this endorsement.

The original announcement was made in July, when AkzoNobel followed up on its commitment to setting science-based sustainability targets by announcing carbon reduction targets for the full value chain.

Commenting on the latest development, CEO Thierry Vanlancker says: “We’re proud to be the first company in our industry to receive SBTi approval for our carbon reduction target. It’s a clear signal that we’re committed to taking stronger action to tackle climate change and will be an enormous innovation driver for what we do in our supply chain and with our customers.

“It means we’ve aligned our own sustainability ambitions with the Paris agreement, which aims to limit global warming and ensure that global temperature rise doesn’t exceed 1.5˚C above pre-industrial levels.”

The company has also followed up the recent SBTi approval by restating its 42% carbon reduction target (baseline 2020) across the whole value chain. It has now been increased to 50% by 2030 (baseline 2018). This brings it in line with the company’s carbon reduction ambition in its own operations and will further sharpen and accelerate the company’s vision for its own People. Planet. Paint. approach to sustainable business.”

Adds Vanlancker: “Successfully combating the impact of climate change is everyone’s responsibility. So we have to work with all our value chain partners to transition to lower/zero carbon alternatives. I also encourage our peers to commit to the SBTi by announcing their own targets and join us in setting the right example in our industry.”

About AkzoNobel

We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries.