For AkzoNobel sustainability is business and business is sustainability. This sits at the heart of our strategy and delivers sustainable value creation.
We are the industry leader in sustainability and have been a member of the Dow Jones Sustainability Index for the last 11 years and number one for four out of the last five years. Around 50% of our products now deliver sustainability benefits to our customers, while over 20% of our products deliver industry-leading sustainability benefits.
We already use 40% renewable energy and we are very proud to be leading the industry when it comes to energy targets with our ambition to be carbon neutral and use 100% renewable energy by 2050.
AkzoNobel aspires to the highest standards of corporate governance and seeks to consistently enhance and improve corporate governance performance, emphasizing transparency and embedding a sustainable culture of long-term value creation.
The company scores a 2 on the Institutional Shareholder Services (ISS) QualityScore corporate governance scale (1 is the highest, 10 is the lowest). ISS QualityScore assesses risk in the areas of Board Structure, Compensation programs, Shareholder Rights, and Audit & Risk Oversight.
AkzoNobel Sustainability Strategy and Impact vs. PPG sustainability analysis
|AN sustainability highest management attention & proven partnerships|
|1. Carbon Disclosure Project: A-listed|
|2. Integrated, transparent and externally verified reporting (EY, KPMG, PWC, DJSI)|
|3. Sustainability embedded in corporate governance, remuneration and management cycle|
4. Sustainability management on CEO level
|5. Active partnerships with demonstrated results|
|AN successfully working along the value chain; active continued management|
1. Actively work along the total value chain
|2. EPS increase from 19% to 20 % in 2016 and products with environmental benefits > 50%|
|AN strongly embedded carbon reduction & social engagement|
1. Greenhouse gas emission reduction by 19% since 2012
|2. Reporting on diversity (gender and cultural) since 2012|
|3. Active diversity management e.g. female executives and executives from high growth markets|
|4. More than 300 community programs more than 9 million people reached and more than 7200 volunteers|
|5. On route to impact reporting (reporting - output - impact)|
Sustainability ranking of independent agencies
|AkzoNobel and corporate governance|
|91% ranking (rank 7; 2016) - top 10|
|Carbon Disclosure Project (CDP)|
|100/B (represents highest score)|
|ISS Corporate Governance QualityScore|
|2 (1 is highest, 10 is lowest)|
Overview of Sustainability activities
|1. Sustainability strategy in place since 2003|
|2. Strategy targeted at total value chain|
|3. Strategy focused on growth|
|4. DJSI top 10% ranking for 11 years|
|5. Carbon Disclosure Project: A-listed|
|6. Integrated, transparent and externally verified reporting|
|7. Sustainability embedded in corporate governance, remuneration and management cycle|