The Green Deal, as announced by the European Commission, is a broad set of policy initiatives that are intended to guide the European Union to become climate neutral in 2050. The Green Deal is the most ambitious policy initiative that the EU has undertaken in its ambition to tackle climate change. The plan includes plans regarding CO2 reduction, circular economy, building renovation, sustainable transportation, chemicals strategy, innovation and biodiversity.
What is our view on the Green Deal?
AkzoNobel welcomes the European Green Deal, as it will guide the EU’s sustainable transition, further improving its competitiveness, resilience and social well-being. As a global and Europe’s largest player in paints & coatings, we work according to our People. Planet. Paint. approach to ensure that sustainability is at the heart of everything we do. Every major transition of this scale can only be a joint effort. We are committed to play our part.
How will AkzoNobel contribute to the Green Deal?
Through our People. Planet. Paint. approach we have set ambitious targets that contribute to the targets in the Green Deal and these targets are aligned with the Paris Agreement on climate change. We are set to halving our own CO2 emissions by 2030 and becoming climate neutral in 2050. We aim to reduce carbon emissions in our value chain by 50% by 2030 (baseline 2018), use 100% renewable energy in our operations by that same year and become zero waste as well.
In addition, our products play an important role in the road to a more sustainable Europe: our sustainable solutions bring important sustainability benefits to our customers helping them to achieve their sustainability ambitions. For example, with coatings that reduce energy use of buildings, that help cargo ships reduce their fuel consumption, or via more sustainable application and maintenance of coated substrates (e.g. low cure and improved durability). We are actively reaching out to our value chain partners to achieve our sustainability ambitions.
AkzoNobel’s firm belief that collaboration is key to taking widespread climate action is further evidenced by CEO Thierry Vanlancker being a member of the European CEO Alliance – a cross-industry partnership designed to help fight climate change, build economic resilience and make a success of the EU Green Deal.