|Asset Classes||Corporate bonds|
|Impact strategy||Impact Equities and Bonds|
|Industry group||Specialty Chemicals|
|Aligned with SDGs|
AkzoNobel is a leading global producer of decorative paints and coatings. The company operates through the segments Decorative Paints and Performance coatings, and has more than 60 global brands like Luxol, Interpon, Flexa, Sikkens, Dulux and International. The Performance Coatings segment, earning more than 40% of revenues, produces high-quality coatings that are used to protect and enhance vehicles, buildings products, packaging and consumer goods. The company’s Decorative Paints segment, earning about 40% of revenues, offers a variety of quality decoration and protection products for every situation and surface, including paints, lacquers and varnishes. The company is active in more than 150 countries, and more than 50% of revenues come from emerging markets. AkzoNobel has been developing paints and coatings since 1792, has more than 32,000 employees and is headquartered in Amsterdam, The Netherlands.
The construction and maintenance of all types of vehicles and built infrastructure have a large environmental footprint on the planet. To reduce this footprint, it is therefore important that these materials last longer and increase their energy efficiency in the construction and use phase. The coatings and paints of AkzoNobel contribute to reducing this footprint, as the use of coatings protect vehicles and building materials from corrosion, making them last longer and thereby saving resources. Coatings can also improve energy efficiency of vehicles as they are better streamlined with the coating.
At the same time, AkzoNobel is making a large effort to reduce the environmental footprint of its products. The company targets to reduce carbon emissions by 2030 in the whole value chain by 50% versus 2018, to move towards zero waste, to use 100% renewable electricity and to re-use 100% of its water. AkzoNobel is also innovating to use more sustainable raw materials, by using bio-based materials or recycled materials.