PULP AND PERFORMANCE CHEMICALS
AkzoNobel is a Dutch Multinational which produces paint, performance coatings and speciality chemicals. As a global company active in numerous markets, AkzoNobel (revenue €14,3 billion) is similar to many other large organisations.
In order to get a more detailed insight into how their profit and loss is generated, AkzoNobel wanted to develop a deeper understanding across the value chain of how its business impacts the environment, people and society at large. For that purpose, True Price provided them with an IP&L and a tool to calculate returns on social, natural and human capital of their pulp chemicals operations in Brazil and their forestry and pulp and paper value chains. The study covered also topics such as labour and land rights.
Benefits to the client
This project allowed AkzoNobel to estimate the return on training investments and identify targeted interventions to address social risks. In addition, AkzoNobel learned that social capital can be improved by creating awareness and continuous improvement on issues around health and safety, rights at work and with local communities. Gaining a better understanding of these aspects – and attaching a monetary value to them – helped AkzoNobel to identify possible improvements and ultimately increase business value.