media release

Akzo Nobel sets new HSE targets for 2005

In its 1999 Health, Safety and Environmental Annual Report, published today, Akzo Nobel has set itself new corporate targets for 2005 that reflect major reductions for five key aspects of the Company’s safety, health and environmental performance.

Akzo Nobel sets new HSE targets for 2005

Arnhem (The Netherlands), June 21, 2000 – In its 1999 Health, Safety and Environmental Annual Report, published today, Akzo Nobel has set itself new corporate targets for 2005 that reflect major reductions for five key aspects of the Company’s safety, health and environmental performance.

Akzo Nobel’s HSE targets for 2005:

1999

Target

Reduction

by 2005

Frequency Rate (LTIs* per million hours)

3.65

2.50

30%

Total Illness Absence Rate

n.a.

3.5%

Chemical Oxygen Demand to surface water

(metric tons)

3,996

3,000

25%

Organic compounds to air (metric tons)

5,762

4,000

30%

Non-reusable waste (metric tons)

145,000

115,000

20%

* Lost Time Injuries

The theme of the 1999 Report is ‘Value from waste’, which is illustrated through case studies that show how five sites are reducing their non-reusable waste. Rudy van der Meer, member of the Board of Management responsible for Health, Safety & Environment noted: "The report is about managing waste. However the word ‘waste’ suggests a negative way of looking at potentially valuable material. At Akzo Nobel we prefer to think along the lines of creating value, and that includes value from waste. That’s why we have set ourselves the goal of reducing non-reusable waste by 20% by 2005."

Mr. Van der Meer further explained: "Our solutions range from fundamental process changes –so that there is less waste to start with– to our triple-R approach: Reuse, Reduce, Recycle. This value-added approach saves on input and disposal costs, and these savings go straight to the bottom line."

Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products, coatings, and chemicals. Consolidated sales for 1999 (excluding Acordis) totaled some EUR 12 billion (USD 13 billion, GBP 8 billion). At the beginning of 2000, the Company employed 68,000 people in 75 countries. Financial results for the second quarter of 2000 will be announced on July 26, 2000.

Internet: http://www.akzonobel.com/community/environment.asp

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