Liquid and powder coatings supplier Axalta has pledged to become carbon-neutral in its operations by 2040.

It has also made 10 new sustainability commitments for 2030, which includes reducing its greenhouse gas emissions by 50% and ensuring 80% of new technology and innovation developments have sustainability benefits.

In addition, Axalta is aiming for a 10% reduction of process waste and water use from its operations as well as ensuring 100% of key suppliers are assessed against a robust set of sustainability criteria by 2030.

Robert Bryant, President and CEO of Axalta said: “Today, we are coupling our commitment to technology, innovation and people first with our commitment to building a more sustainable future.

“Our new goal to achieve carbon neutrality by 2040 enables us to lead our industry by example and to inspire our customers as we work to ensure the long term well-being of our planet, our partners and our business.”