Solera and AkzoNobel Partner to Drive Data-Driven Sustainability in Vehicle Repair
Strategic partnership enables bodyshops and insurers to calculate CO₂ emissions per repair using process-specific paint and energy data
WESTLAKE, Texas, June 24, 2025 (GLOBE NEWSWIRE) -- Solera, the global leader in vehicle lifecycle management, today announced a new strategic partnership with AkzoNobel Vehicle Refinishes, one of the world's leading paint and coatings companies. This collaboration will enable bodyshops and insurers to accurately measure and manage the carbon footprint of vehicle repairs through the integration of AkzoNobel's product and process data into Solera's Sustainable Estimatics platform.
By factoring in variables such as specific paint systems, spray booth time, drying temperature, and VOC emissions, the integration delivers a detailed view of emissions associated with the entire refinish process. This allows repairers to make more informed, sustainable choices—balancing environmental impact with operational efficiency.
'This is a key step in delivering our sustainability ambition and our first initiative with Solera,' said Ignacio Román Navarro, Business Director Automotive & Vehicle Refinishes EMEA at AkzoNobel. 'By helping bodyshops choose the right coating systems that combine faster process times with lower energy consumption, we're reducing carbon emissions while supporting business profitability.'
The collaboration, initially launching across EMEA, aligns with AkzoNobel's broader sustainability strategy to reduce carbon emissions by up to 50% across its value chain by 2030. The partnership builds on the success of AkzoNobel's digital tools—such as the CO₂eRepairCalculator and Carbon Pulse—by embedding emissions transparency into daily repair workflows.
Ana Izquierdo, Global Head of Data at Solera, added: 'By combining Solera's data-driven Sustainable Estimatics with AkzoNobel's coatings expertise, we're unlocking the ability to understand CO₂ emissions at a deeper, process-specific level. This not only supports sustainability efforts but also strengthens business performance for both bodyshops and insurers.'
Arnaud Agostini, International Managing Director at Solera, commented:'Partnering with AkzoNobel is a natural extension of our mission to deliver transparency and accountability in vehicle repair emissions. As the industry accelerates toward stricter environmental standards, it's essential that we provide repairers and insurers with accurate, real-time data tied to specific repair processes. With AkzoNobel's deep expertise in coatings and commitment to sustainability, we're ensuring our solutions remain future-proof, actionable, and aligned with the evolving needs of the market.'
As environmental regulations such as the EU's Corporate Sustainability Reporting Directive (CSRD) come into effect, vehicle repairers and insurers are increasingly expected to track and report Scope 1, 2, and 3 emissions. Solera and AkzoNobel are equipping them with the tools to meet these requirements—enabling smarter, greener repair decisions.
The partnership underscores both companies shared vision of a lower-carbon future for the automotive repair industry and lays the foundation for global expansion of sustainability-driven solutions.
About AkzoNobel
Since 1792, we've been supplying the innovative paints and coatings that help to color people's lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We're active in more than 150 countries and use our expertise to sustain and enhance everyday life. Because we believe every surface is an opportunity. It's what you'd expect from a pioneering and long-established paints company that's dedicated to providing sustainable solutions and preserving the best of what we have today – while creating an even better tomorrow. Let's paint the future together. Learn more at www.akzonobel.com.
About SoleraSolera is the global leader in vehicle lifecycle management software-as-a-service, data, and services. Through four business lines – vehicle claims, vehicle repairs, vehicle solutions, and fleet – Solera powers over 300,000 customers in 100+ countries with data-driven tools that simplify operations, improve profitability, and enhance sustainability. Learn more at www.solera.com.
Contact:mediainquiry@solera.comSign in to access your portfolio
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
BlackRock launches Texas ETF as state draws investor interest
(Reuters) -BlackRock said on Tuesday it had launched a Texas-focused exchange-traded fund, as the state gains traction as a rising hub of economic activity in the United States. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
BlackRock Launches Texas ETF, Opens Greater Access to Invest in Growing Texas Economy
The iShares Texas Equity ETF (TEXN) offers investors exposure to the breadth of economic opportunity in the state DALLAS, June 24, 2025--(BUSINESS WIRE)--Today, BlackRock launched the iShares Texas Equity ETF (NASDAQ:TEXN), opening greater access to invest in the strength and diversity of the Texas economy through the efficiency and convenience of an exchange-traded fund (ETF). TEXN invests in U.S. companies headquartered in Texas, providing investors targeted exposure to a dynamic state economy. Texas leads the nation in business and population expansion. As a hub for innovation and enterprise, Texas is home to 1 in 10 publicly traded companies in the U.S.1 Since 2015, more than 300 companies have moved their headquarters to the state,2 reinforcing its role as a national leader across sectors such as energy, technology, and industrials. In addition, Texas ranked first in population growth in 2024, surpassing 31 million in total population.3 Now the eighth largest economy in the world by GDP on a standalone basis, Texas has demonstrated strong economic momentum in recent years. In 2024, the state's GDP reached a record $2.7 trillion, growing at an annualized rate of 3.5% in the fourth quarter, outpacing the national average of 2.4%.4 "TEXN presents a new opportunity for Texans, and investors across the country, to invest in nearly 200 companies powering the state's economy and to capitalize on Texas' twin engines of business and population growth," said Joe DeVico, Head of the Americas Client Business at BlackRock. Simplifying access to the Texas economy through TEXN TEXN joins BlackRock's deep bench of geography-based product offerings, including over 60 mutual funds and ETFs with over $100 billion in assets under management, that target a single-country or region.5 "With over 400 ETFs in the U.S., iShares provides access to nearly every corner of the market to meet our clients' financial goals," said Elise Terry, Head of U.S. iShares at BlackRock. "TEXN offers more choice to investors seeking convenient, tax-efficient, and transparent ways to build portfolios that reflect their investment views." BlackRock manages close to $380 billion in assets in public companies in Texas,6 including $115 billion in Texas oil and gas companies, making it one of the largest investors in the state.7 Today, there are 2.2 million Texas-based investor accounts served through iShares ETFs, and with TEXN, Texas-based clients now have a new way to invest in the state's economy through iShares.8 iShares® Texas Equity ETF Listing Exchange Nasdaq Ticker TEXN Underlying Index Russell Texas Equity Index Expense Ratio 0.20% About BlackRockBlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit | Twitter @blackrock | LinkedIn: About iSharesiShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and $4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting or Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Russell, nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Russell. The iShares and BlackRock Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock"). © 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners. 1, 2, 3, 4 Office of the Texas Governor, as of May 2025.5 BlackRock, as of May 2025.6, 7, 8 BlackRock. For more information, visit the BlackRock in Texas page. View source version on Contacts Media Contact Joanna Yau 646-856-7274 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
an hour ago
- Business Wire
BlackRock Launches Texas ETF, Opens Greater Access to Invest in Growing Texas Economy
DALLAS--(BUSINESS WIRE)--Today, BlackRock launched the iShares Texas Equity ETF (NASDAQ:TEXN), opening greater access to invest in the strength and diversity of the Texas economy through the efficiency and convenience of an exchange-traded fund (ETF). TEXN invests in U.S. companies headquartered in Texas, providing investors targeted exposure to a dynamic state economy. Texas leads the nation in business and population expansion. As a hub for innovation and enterprise, Texas is home to 1 in 10 publicly traded companies in the U.S. 1 Since 2015, more than 300 companies have moved their headquarters to the state, 2 reinforcing its role as a national leader across sectors such as energy, technology, and industrials. In addition, Texas ranked first in population growth in 2024, surpassing 31 million in total population. 3 Now the eighth largest economy in the world by GDP on a standalone basis, Texas has demonstrated strong economic momentum in recent years. In 2024, the state's GDP reached a record $2.7 trillion, growing at an annualized rate of 3.5% in the fourth quarter, outpacing the national average of 2.4%. 4 'TEXN presents a new opportunity for Texans, and investors across the country, to invest in nearly 200 companies powering the state's economy and to capitalize on Texas' twin engines of business and population growth,' said Joe DeVico, Head of the Americas Client Business at BlackRock. Simplifying access to the Texas economy through TEXN TEXN joins BlackRock's deep bench of geography-based product offerings, including over 60 mutual funds and ETFs with over $100 billion in assets under management, that target a single-country or region. 5 'With over 400 ETFs in the U.S., iShares provides access to nearly every corner of the market to meet our clients' financial goals,' said Elise Terry, Head of U.S. iShares at BlackRock. 'TEXN offers more choice to investors seeking convenient, tax-efficient, and transparent ways to build portfolios that reflect their investment views.' BlackRock manages close to $380 billion in assets in public companies in Texas, 6 including $115 billion in Texas oil and gas companies, making it one of the largest investors in the state. 7 Today, there are 2.2 million Texas-based investor accounts served through iShares ETFs, and with TEXN, Texas-based clients now have a new way to invest in the state's economy through iShares. 8 About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit | Twitter @blackrock | LinkedIn: About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (ETFs) and $4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting or Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal. Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Russell, nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Russell. The iShares and BlackRock Funds are distributed by BlackRock Investments, LLC (together with its affiliates, 'BlackRock'). © 2025 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners. 1, 2, 3, 4 Office of the Texas Governor, as of May 2025. 5 BlackRock, as of May 2025. 6, 7, 8 BlackRock. For more information, visit the BlackRock in Texas page.
