AkzoNobel has followed up on its commitment to setting science-based sustainability targets by announcing carbon reduction targets for the full value chain, according to a press release.
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 34.7 F above pre-industrial levels.
The company’s target is to reduce carbon emissions for the whole value chain by 42% 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.
“Setting a target like this really matters,” says AkzoNobel CEO, Thierry Vanlancker. “It’s a clear signal that we’re 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. We’re determined to do all we can and set the example by being the frontrunner in our industry.”