A U.S. chemical company has made a commitment to achieve full carbon neutrality by 2040.

Axalta, supplier of liquid and powder coatings to the manufacturing industry, has announced its commitment to an absolute reduction of 50 percent of greenhouse gas (GHG) emissions by 2030 and is on its way to becoming carbon neutral in its operations by 2040, ten years ahead of the deadline set by the Paris Agreement on Climate Change.

In addition, the company has made 10 new sustainability commitments for 2030, including a commitment to produce sustainability benefits from 80 percent of Axalta’s new product developments,

Robert Bryant, president and CEO of Axalta said: “Today, we are coupling our commitment to technology, innovation, and people first with our commitment to building a more sustainable future,”

“Our new goal to achieve carbon neutrality by 2040 enables us to lead our industry by example and to inspire our customers as we work to ensure the long-term well-being of our planet, our partners, and our business.”

In order to set their sustainability commitments, Axalta conducted a comprehensive environmental, social, and governance (ESG)  materiality assessment with internal and external stakeholders, including customers, suppliers, investors, board members, community and local government leaders and company executives.

Axalta also worked to align with the United Nations Sustainable Development Goals in its ESG framework, structured into the key pillars of planet solutions, business solutions, and people solutions

“Our focus on planet, business, and people solutions will guide us from a strategic, customer partnership, and employee engagement perspective,” added Mr. Bryant. “We’re excited to partner with our people, customers, suppliers, and all our other stakeholders around the globe on this journey to create and realize a more sustainable future.” 

A complete list of Axalta’s sustainability goals for 2030 and onwards is available at axalta.com/sustainability.