“Our report catalogs significant progress towards meeting key sustainability goals that we set for ourselves, that we strive to help our customers meet, and that society expects from responsible companies,” explained Axalta Chairman and CEO Charlie Shaver. “Sustainability is fundamental to our business. Our coatings are designed to enable our customers’ products to last longer and perform better. This will sustain their success, and when they succeed we do as well. We’re also proud of our efforts to minimize our impact on the environment as we manufacture our coatings.”
The two-year period covered by the report has been transformative in the history of Axalta. After emerging as an independent company, Axalta embarked on a growth course announcing expanded manufacturing facilities in China, Germany, Brazil, Mexico, Argentina and India. These facilities, either completed or under construction today, have been designed with next-generation technology to reduce their environmental footprint while providing quality coatings. Although production has increased by more than 12 percent since 2013, and the number of manufacturing sites has increased to 38 from 35, our energy intensity rate has decreased by 6 percent over the same period. Data show that Axalta’s commitment to maintaining a safe workplace has remained strong.
Investments were also announced to expand R&D capabilities that will be needed to develop next-generation coating technologies for our customers and that are formulated to help them meet their sustainability objectives. New formulations enable Axalta vehicle coatings to perform on carbon fiber and other lightweight substrates that are increasingly integrated into vehicle design to improve fuel economy and reduce CO2 emissions. Axalta’s Alesta® powder coatings help reduce heat absorption by buildings, reducing air conditioning costs and related energy use, and make removal of graffiti, a multi-billion dollar burden on both the public and private sector, more efficient and cost effective. Energy solutions coatings such as Voltahyde™ that make motors run more productively are also available in formaldehyde-free formulations.