Committees

Sustainability Council

The Executive Committee has established a Sustainability Council to advise on sustainability developments. The council monitors the integration of sustainability into management processes and oversees the company’s sustainability targets and sustainability performance. The council, which meets quarterly, consists of representative business and functional directors, as well as the CEO.

Significant sustainability aspects material to the company are reviewed annually, with input from internal and external stakeholders. The Sustainability Council focuses on topics with the biggest impact on accelerating AkzoNobel’s strategy to create shared value, building on our core values of safety, integrity and sustainability.

Progress regarding sustainability objectives, development, target setting and implementation is reviewed quarterly by the Executive Committee, and semi-annually by the Supervisory Board. The Audit Committee takes an active role in assessing the quality and reliability of sustainable performance reporting and PwC has been engaged to perform an assurance engagement on specific indicators included in the Sustainability statements. Their report can be found in the Financial information.

Family on a couch in a room with grass floor and clouds (photo)

We launched a new bio-based wall paint in Vietnam which actively improves indoor air. Dulux Better Living Air Clean BioBased is enhanced with Pure Air technology. It contains natural sustainable ingredients, such as bamboo charcoal, and continuously removes harmful air pollutants such as formaldehyde, benzene and other volatile organic compounds (VOC) in the home environment.

Integrity and Compliance Committee

This committee reviews investigations into material violations of laws, regulations and internal rules, and SpeakUp! reports. It also decides on disciplinary measures and control improvement actions, as well as monitoring and responding to any trends or irregularities. By submitting these cases through a central Integrity and Compliance Committee, the company ensures transparency and consistency of measures throughout the organization. More details can be found in Integrity and compliance management.

Executive Pensions Committee

The Executive Pensions Committee oversees the general pension policies of AkzoNobel’s various pension plans and their financial consequences for the company. The committee is chaired by the CFO and includes the Chief Human Resources Officer, the General Counsel and Corporate Directors of Treasury, Pensions and Rewards.

Disclosure Committee

The Board of Management has established a Disclosure Committee, which consists of senior executives with a background in corporate law, finance and investor relations. The task of the Disclosure Committee is to establish and maintain disclosure controls and procedures, and to advise the CEO, CFO and General Counsel on the accurate and timely disclosure of material financial and non-financial information.