1. Axalta released its 2023-2024 Sustainability Report highlighting key achievements. 2. 49% reduction in Total Recordable Incident Rate enhances workplace safety. 3. 9% reduction in GHG emissions at manufacturing facilities reflects sustainability commitment. 4. Innovative technologies showcase Axalta's focus on sustainability and operational efficiency. 5. Axalta received multiple awards, indicating strong recognition for its sustainability efforts.
FAQ
Why Bullish?
Sustainability improvements and achievements can enhance Axalta's competitive positioning, potentially driving sales and investor confidence, similar to historical trends in environmentally-focused companies gaining market share.
How important is it?
The sustainability report demonstrates significant operational improvements and aligns with investor interests in ESG, indicating high potential for positive impact on AXTA’s stock performance.
Why Long Term?
The ongoing commitment to sustainability aligns with market trends favoring environmentally-responsible companies, suggesting ongoing benefits in brand value and customer loyalty over time.
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Axalta Releases 2023-2024 Sustainability Report
PHILADELPHIA, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems, Ltd. (NYSE: AXTA), a prominent player in the global coatings industry, has officially published its 2023-2024 Sustainability Report. This report demonstrates Axalta's ongoing commitment to enhancing the sustainability of its operations and products, while strategically integrating sustainability into its business practices.
CEO's Commitment to Sustainability
Chris Villavarayan, Axalta’s CEO and President, emphasized the company's dedication, stating, “At Axalta, sustainability is aligned with our strategy to deliver superior products, services, and value to our customers. Our commitment to acting as a responsible company is evident as we continuously strive to improve our operations.” Villavarayan highlighted the report's focus on sustainability initiatives and noted an impressive record of safety performance.
Key Achievements in Sustainability
The 2023-2024 Sustainability Report outlines several notable achievements, illustrating Axalta's ongoing progress. Highlights include:
- Approximately 49% reduction in Total Recordable Incident Rate (TRIR) from 2022 to 2024.
- Introduction of innovative technologies that enhance sustainability, such as the Fast Cure Low Energy Collision Repair Paint System, Axalta NextJet™, and Alesta® powder coatings.
- Refreshed sustainability goals better aligned with strategic priorities, focusing on material topics.
- 9% reduction in Scope 1 and Scope 2 greenhouse gas (GHG) emissions across manufacturing facilities.
- Achieved AA ratings from MSCI and a score of 1 from ISS Governance QualityScore (as of November 1, 2025).
- Received 6 Edison Awards, 3 BIG Innovation Awards, and 2 R&D 100 Awards.
Impact on Business Strategy
Axalta's sustainability initiatives are pivotal to its mission of creating “smarter surfaces for a better world.” The company's products not only meet the demands for performance but also cater to operational efficiencies, enhancing overall sustainability. These strategies contribute significantly to the brand’s long-term vision and profitability in an increasingly eco-conscious market.
About Axalta
With over 150 years of experience, Axalta stands as a global leader in the coatings industry. The company provides a wide range of coatings designed for various applications, including light vehicles, commercial vehicles, electric motors, and building facades. Axalta is committed to preventing corrosion, boosting productivity, and enhancing durability for over 100,000 customers across more than 140 countries.
For further information, visit axalta.com and connect with us on LinkedIn.