Akzo Nobel NV

Specialty Chemicals

AKZA.AS

€ 68 1.8

Share price

$ 13 bn

Market Cap

$ 17 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.37x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2023

Akzo Nobel NV aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -1.4% weighted average for S&P 500

FY2023

Akzo Nobel NV aims to reduce all Scopes by 42% by 2030 from a base year 2020

1.5°C

GHG emissions and Carbon intensity

Akzo Nobel NV reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 208 Kt (-29 /-12.3% y-o-y). Also positively, carbon intensity declined to 18 t (-2.7 /-13% y-o-y).

Akzo Nobel NV's Scope 3 emissions tumbled to 13,200 Kt (-1,300 /-9% y-o-y). The decline accelerated compared to the CAGR of -1.2% since 4Q'18.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -7.9 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing all Scopes by 42% by 2030 from a base year 2020, which translates into the estimated reduction of -746 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -775 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	208	60	148	13,200	11,447	18
2021Q4	237	65	172	14,500	11,379	21
2020Q4	225	57	168	12,600	9,988	23
2019Q4	241	58	183	13,600	10,426	23
2018Q4	289	63	226	14,000	10,943	26
2017Q4	307	70	238		10,850	28