PPG marks strong progress against 2030 sustainability targets with latest report

Rhea-AI Summary

PPG (NYSE:PPG) has reported significant advancements towards its 2030 environmental, social, and governance (ESG) goals. Key achievements include 44% of sales from sustainably advantaged products, a 10% reduction in greenhouse gas emissions (scope 1 and 2), and a 12% reduction in value chain emissions (scope 3). Additionally, PPG has reused, recycled, or recovered 45% of its process waste and reduced water intensity in stressed areas by 13%. The company has invested $13.1 million in the Colorful Communities initiative since 2015 and remains on track to meet or exceed most of its 2025 diversity, equity, and inclusion goals. PPG emphasizes sustainability as central to its business strategy, supporting long-term growth.

Positive

• 44% of PPG's sales are from sustainably advantaged products.
• 10% reduction in greenhouse gas emissions (scope 1 and 2).
• 12% reduction in value chain emissions (scope 3).
• 45% of process waste reused, recycled, or recovered.
• 13% reduction in water intensity in water-stressed areas.
• PPG has invested $13.1 million in the Colorful Communities initiative.
• On track to meet or exceed most 2025 diversity, equity, and inclusion goals.

Negative

• The PR lacks specific financial figures on the cost or savings from sustainability initiatives.
• No detailed timeline for achieving 2030 sustainability targets beyond current progress.

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced strong progress against its near-term 2030 environmental, social and governance (ESG) targets, including increasing sales from sustainably advantaged solutions and reducing greenhouse gas (GHG) emissions throughout its own operations and the value chain.

“Focusing on sustainability in its broadest sense is core to PPG’s purpose to protect and beautify the world,” said Diane Kappas, PPG vice president, global sustainability. “We know that our commitments positively impact the environment, our customers and ultimately support PPG’s long-term growth. Our 2030 goals are pushing us into new areas, and we’re proud to demonstrate our global leadership in this space.”

PPG’s 2023 ESG Report highlighted key progress from the reporting year, including:

• 44% of sales from sustainably advantaged products, such as low-carbon, bio-based paints in the SEIGNEURIE™ PANTEX™ and GUITTET™ ODYSSÉE™ brands by PPG, which provide mass-market access to sustainably advantaged paint without compromising affordability or performance
• 10% reduction in GHG emissions within the company’s own operations (scope 1 and 2)
• 12% reduction in value chain (scope 3) emissions across purchased goods and services, customer processing of sold products and end-of-life treatment of sold products
• 45% of process waste reused, recycled or recovered
• 13% reduction in water intensity in water-stressed areas
• 97% of key suppliers assessed against sustainability and social responsibility criteria
• $13.1 million invested in the COLORFUL COMMUNITIES® initiative since 2015
• On track to meet or exceed the majority of 2025 aspirational goals for diversity, equity and inclusion

“We have a long history of enabling the success of our customers, delivering industry-leading innovations, acting ethically and mitigating the environmental impacts of our operations,” said Peter Votruba-Drzal, PPG vice president-elect, global sustainability. “From developing products and processes that solve our customers’ biggest challenges to driving a more circular economy, sustainability and productivity are at the core of what we do.”

The full ESG report is available at ppg.com/sustainability.

PPG: WE PROTECT AND BEAUTIFY THE WORLD®

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $18.2 billion in 2023. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

Colorful Communities, the PPG Logo, and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc. Guittet, Odyssée, Pantex and Seigneurie are trademarks of PPG AC France.

CATEGORY Sustainability

View source version on businesswire.com: https://www.businesswire.com/news/home/20240523824510/en/

Greta Edgar Borza

Corporate Communications

+1 724 316 7552

edgar@ppg.com

www.ppg.com

Source: PPG

FAQ

What are PPG's 2030 sustainability targets?

PPG's 2030 sustainability targets include increasing sales from sustainably advantaged products, reducing greenhouse gas emissions, and improving waste management and water usage.

How much has PPG reduced its greenhouse gas emissions?

PPG has achieved a 10% reduction in greenhouse gas emissions within its own operations (scope 1 and 2).

What percentage of PPG's sales come from sustainably advantaged products?

44% of PPG's sales are from sustainably advantaged products.

How much has PPG invested in the Colorful Communities initiative?

PPG has invested $13.1 million in the Colorful Communities initiative since 2015.

What are PPG's achievements in waste management?

PPG has reused, recycled, or recovered 45% of its process waste.

Has PPG made progress in reducing water usage?

Yes, PPG has reduced water intensity in water-stressed areas by 13%.

Is PPG on track to meet its diversity and inclusion goals?

Yes, PPG is on track to meet or exceed the majority of its 2025 diversity, equity, and inclusion goals.