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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Akzo Nobel N.V.    AKZA   NL0013267909

AKZO NOBEL N.V.

(AKZA)
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Akzo Nobel N : AkzoNobel's sustainability ambitions heat up with two new solar projects

11/17/2020 | 08:37am EST
media release
AkzoNobel's sustainability ambitions heat up with two new solar projects November 17, 2020

Thousands of solar panels have been installed at two AkzoNobel sites on two continents as the company continues to accelerate towards its ambition of cutting carbon emissions in half by 2030.

(AKZA; AKZOY)

Thousands of solar panels have been installed at two AkzoNobel sites on two continents as the company continues to accelerate towards its ambition of cutting carbon emissions in half by 2030.

The two recent projects have been taking place in Garcia, Mexico, and Barcelona, Spain. The Garcia installation (of 1,650 solar panels) at an industrial coatings site is already complete, while in Barcelona, work to install 1,600 roof panels is well underway.

They're the latest in a series of solar projects around the world which aim to help AkzoNobel reduce energy use by 30% and move to 100% renewable electricity by 2030 as part of its 'People. Planet. Paint.' sustainability ambitions.

'We're already using renewable electricity at 33 of our locations in eight countries and have installed solar panels at 14 facilities,' explains Wijnand Bruinsma, AkzoNobel's Program Manager for Sustainability. 'The latest two projects will make an important contribution to our continuing efforts to significantly increase these numbers as we strive to achieve our ambition of cutting our emissions by 50% by 2030.'

Due to be completed by the end of January next year, the installation in Barcelona will generate 15% of the site's overall energy consumption. It joins two other AkzoNobel locations in Spain where solar panels have already been installed - Vilafranca, and Vallirana.

Solar panels at the Garcia site

Covering more than 5,300m2 of space, the Garcia installation will generate 82% of energy requirements - making the site almost self-dependent - and it will eventually produce more energy than it normally consumes.

'We're very happy to see this project come to life,' says Garcia Site Manager, Juan Francisco Garcia. 'Initiatives such as this will help Mexico contribute to the company's ambition to become carbon neutral and use 100% renewable energy. It's very much aligned with our People. Planet Paint. approach and is a visible sign of positivity in these challenging times.'

Continues Bruinsma: 'People. Planet. Paint. is about integrating sustainability in everything we do. It's about ensuring that we continue to make a difference by addressing the sustainability challenges faced by our company, customers and broader society. Because by turning our ambitions into actions, we can make a positive contribution to society and ensure that we remain the reference in our industry.'

AkzoNobel currently uses 100% renewable electricity in eight countries - Belgium, Brazil, Colombia, Estonia, Ireland, the Netherlands, Spain and the UK.

For more details about the company's People. Planet. Paint. approach to sustainability, visit: https://www.akzonobel.com/en/our-sustainability-story

About AkzoNobel
AkzoNobel has a passion for paint. We're experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands - including Dulux, International, Sikkens and Interpon - is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 32,000 talented people who are passionate about delivering the high-performance products and services our customers expect.
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+31 88 9697833media.relations@akzonobel.com
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Disclaimer

Akzo Nobel NV published this content on 17 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2020 13:36:03 UTC


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Sales 2020 8 530 M 10 342 M 10 342 M
Net income 2020 619 M 750 M 750 M
Net Debt 2020 987 M 1 197 M 1 197 M
P/E ratio 2020 26,9x
Yield 2020 2,18%
Capitalization 16 599 M 20 047 M 20 125 M
EV / Sales 2020 2,06x
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Nbr of Employees 32 400
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Average target price 101,01 €
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Dick M. Sluimers Member-Supervisory Board
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