Axalta Publishes 2023-2024 Sustainability Report

Rhea-AI Summary

Axalta (NYSE: AXTA) published its 2023-2024 Sustainability Report on December 18, 2025, outlining progress on safety, emissions and product sustainability.

Key highlights include a ~49% reduction in Total Recordable Incident Rate (TRIR) from 2022–2024, a 9% reduction in Scope 1 and Scope 2 GHG emissions at manufacturing facilities, refreshed sustainability goals, and recognition with AA from MSCI and awards including 6 Edison Awards.

The report emphasizes product-level sustainability (durability, performance, efficiencies) and cites specific technologies such as Fast Cure Low Energy Collision Repair Paint System, Axalta NextJet, and Alesta powder coatings.

Positive

• Total Recordable Incident Rate down ~49% (2022–2024)
• Scope 1 and Scope 2 GHG emissions reduced 9% at facilities
• Earned MSCI AA rating (as of 11/1/2025)
• Received 6 Edison Awards, 3 BIG Innovation Awards, 2 R&D 100 Awards

Negative

• None.

PHILADELPHIA, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Axalta Coating Systems, Ltd. (Axalta) (NYSE: AXTA), a leading global coatings company, today announced the release of its 2023-2024 Sustainability Report. The report reflects the progress Axalta has made to advance the sustainability of the company’s operations and products, as well as its continued commitment to integrate sustainability into Axalta’s business strategy.

“At Axalta, sustainability is aligned with our strategy to deliver superior products, services and value to our customers, and it tracks our commitment to act as a responsible company and to continuously improve our operations,” said Chris Villavarayan, Axalta’s CEO and President. “This report highlights the progress we've made and how sustainability supports our A Plan. In addition, I am especially proud of our significant safety performance improvement and the recognition received for our innovative technology solutions we again delivered for our customers. We look forward to continue building on this momentum in the years ahead.”

The report outlines Axalta’s sustainability strategy and how that approach helps deliver on the company’s purpose of “smarter surfaces for a better world,” including how the company's products enhance sustainability through durability, performance, and operational efficiencies.

Key achievements highlighted in the 2023-2024 Sustainability Report, include:

• Approximately 49% reduction in Total Recordable Incident Rate (TRIR) from 2022 to 2024
• Innovative technologies that are designed to deliver sustainability benefits, such as Fast Cure Low Energy Collision Repair Paint System, Axalta NextJet™ and Alesta® powder coatings
• Refreshed sustainability goals to better align with strategic priorities, focusing on material topics
• 9% reduction in Scope 1 and Scope 2 GHG emissions at manufacturing facilities
• Earned AA ratings from MSCI, and a 1 from ISS Governance QualityScore (as of 11/1/2025)
• Received 6 Edison Awards, 3 BIG Innovation Awards, and 2 R&D 100 Awards

To read the full 2023-2024 Sustainability Report, click here.

About Axalta
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us on LinkedIn.

Global Media Contact
axalta-media-relations@axalta.com

FAQ

What safety improvement did Axalta report in the 2023-2024 Sustainability Report (AXTA)?

Axalta reported an approximate 49% reduction in TRIR from 2022 to 2024.

How much did Axalta reduce Scope 1 and Scope 2 emissions at manufacturing facilities?

The report cites a 9% reduction in Scope 1 and Scope 2 GHG emissions at manufacturing facilities.

What sustainability ratings and awards did Axalta (AXTA) receive in 2023-2024?

Axalta earned an MSCI AA rating (as of 11/1/2025) and received multiple awards including 6 Edison Awards.

Which Axalta products were highlighted for sustainability benefits in the 2023-2024 report?

Highlighted technologies include Fast Cure Low Energy Collision Repair Paint System, Axalta NextJet, and Alesta powder coatings.

Did Axalta update its sustainability goals in the 2023-2024 Sustainability Report?

Yes; the company refreshed sustainability goals to better align with its strategic priorities and material topics.