PITTSBURGH – (COMMERCIAL THREAD) – PPG (NYSE: PPG) announced today that it has been named to the FTSE4Good Index Series for the third consecutive year. The index measures the performance of companies’ environmental, social and governance (ESG) practices.
“Our unwavering commitment to develop and supply the paints and coatings that will create solutions today for a more sustainable future is supported by key ESG priority areas, including operating with integrity, preservation and environmental protection. and the communities in which we operate, developing PPG people, and ensuring our workforce is inclusive and representative of our diverse global customer base, ”said Diane Kappas, PPG Vice President, Sustainability global. “In the context of the ongoing global pandemic, our inclusion in the FTSE4Good index underscores our commitment to be an ESG leader in the paints, coatings and specialty materials industry. ”
Released in April 2021, PPG’s 2020 Sustainability Report highlights the company’s progress towards achieving its 2025 sustainability goals and progress in key ESG areas. Highlights include:
35% of sales from sustainably favored products and processes, including the launch of antibacterial and antiviral products, towards the 40% target by 2025;
35% of manufacturing and research and development sites with zero waste from treatment to landfill;
34% reduction in waste disposal intensity compared to the 2017 baseline, above the target of 25% by 2025;
15% reduction in water intensity from the 2017 baseline towards the 20% target by 2025;
33% reduction in the spill and release rate from the 2017 baseline; and
24% reduction in greenhouse gas emissions since 2017.
PPG and its employees have also supported the basic needs of communities around the world; implemented a comprehensive COVID-19 response plan to protect employees and support communities; served customers in new ways; and advanced diversity, equity and inclusion (DE&I). Actions included:
Invest $ 13 million in communities around the world to support education and community sustainability;
By committing $ 20 million from 2020 to 2025 to promote social justice and educational opportunities in under-represented communities;
Provide $ 4.5 million to support COVID-19 relief efforts, including the donation of 80,000 masks to hospitals; and
Increase and strengthen the company’s focus on ED&I by identifying and taking action on a range of commitments.
To learn more about PPG’s sustainability efforts and progress, visit Sustainability.ppg.com.
The FTSE Group confirms that PPG has been independently assessed against the FTSE4Good criteria and has met the requirements to become a component of the index.
PPG: WE PROTECT AND EMBELLISH THE WORLD ™
At PPG (NYSE: PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for over 135 years. Through dedication and creativity, we solve our clients’ biggest challenges, working closely together to find the right path forward. Headquartered in Pittsburgh, we operate and innovate in more than 75 countries and achieved net sales of $ 13.8 billion in 2020. We serve clients in the construction, consumer products industries , industry and transport and the aftermarket. To learn more, visit www.ppg.com.
We protect and beautify the world is a brand and the PPG logo is a registered trademark of PPG Industries Ohio, Inc.