PPG Named to Corporate Knights’ CLEAN200 List as Top Producer of Sustainable Paints and Coatings

Rhea-AI Summary

PPG has been recognized on the CLEAN200™ global list as the top manufacturer in paints, coatings, and specialty materials, achieving 35% of its 2020 revenue from sustainably advantaged products. The company aims for 40% by 2025. PPG launched products like PPG ERGOLUX™ Powder Coatings and PPG CoraChar™ Battery Fire Protection Coating to support sustainability goals. The Clean200 ranking evaluates firms based on revenue from sustainable solutions, indicating PPG's commitment to a cleaner future.

Positive

• Achieved recognition as the top manufacturer in its sector for sustainable revenue.
• 35% of 2020 revenue from sustainably advantaged products; goal of 40% by 2025.
• Launched innovative products that contribute to sustainability, including coatings for electric vehicle batteries.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced it was recognized on the CLEAN200™ global list as the top paints, coatings and specialty materials manufacturer with the greatest percent of 2020 revenue from sustainably advantaged products. PPG ranked 74^th overall on the list in green revenue, reporting 35% of sales from sustainably advantaged products in 2020. The company’s goal is to achieve 40% of sales from sustainably advantaged products by 2025.

“According to Corporate Knights, Clean200 companies are putting sustainability at the heart of their products, services, business models and investments, helping move the world onto a more sustainable trajectory,” said Diane Kappas, PPG vice president, global sustainability. “We are committed to achieving our sustainability goals and enabling our customers to reach their sustainability ambitions through products and processes that reduce emissions, water and energy use, offer wellness benefits, and increase the useful lifetime of their most valuable assets.”

In 2021, PPG launched a number of sustainable products, including:

• PPG ERGOLUX™ Powder Coatings, ideal for desks and cabinets, offer a waste-saving, first-pass transfer efficiency rate of up to 85% and the ability to reclaim and reuse overspray. The coating is also available in ErgoLuxe Eco, a unique formula that contains up to 14% recycled polyethylene terephthalate (rPET). Since 2017, PPG has used more than 6 million pounds of rPET to manufacture its coatings.
• PPG CoraChar™ BFP-SE Battery Fire Protection Coating for Electric Vehicle Batteries, which protects batteries in electric automotive vehicles from fire and helps mitigate thermal runaway events, improving passenger safety. These solutions can be mass produced, efficiently applied and include battery fire protection suitable for various vehicle battery applications.
• PPG COPPER ARMOR® antimicrobial paint containing Corning^® Guardiant^® technology and COMEX® Vinimex antiviral and antibacterial paint which reduce up to 99.9% of bacteria and viruses on the painted surface, including the virus that causes COVID-19.

The annual Clean200 ranking highlights publicly traded companies that are leading the way with solutions for the transition to a clean energy future. Corporate Knights and As You Sow evaluated 8,480 global firms based on an assessment of the amount of revenue each company earns from products and services, aligned with the Corporate Knights Clean Economy Taxonomy.

To learn more about PPG’s sustainably advantaged product innovations and recent progress, visit sustainability.ppg.com.

PPG: WE PROTECT AND BEAUTIFY 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 nearly 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 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world, ErgoLux and CoraChar are trademarks and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

Copper Armor is a trademark of PPG Architectural Finishes, Inc.

Corning and Guardiant are registered trademarks of Corning Incorporated.

CATEGORY Sustainability

View source version on businesswire.com: https://www.businesswire.com/news/home/20220218005331/en/

PPG Media Contact:

Greta Edgar

Corporate Communications

+1-724-316-7552

edgar@ppg.com

sustainability.ppg.com

www.ppg.com

Source: PPG

FAQ

What recognition has PPG received in sustainability?

PPG was recognized on the CLEAN200™ global list as the top manufacturer in its sector, achieving significant revenue from sustainably advantaged products.

What percentage of PPG's revenue came from sustainable products in 2020?

In 2020, PPG reported that 35% of its revenue was from sustainably advantaged products.

What is PPG's sustainability goal for 2025?

PPG aims to increase the percentage of revenue from sustainably advantaged products to 40% by 2025.

What sustainable products did PPG launch in 2021?

In 2021, PPG launched several sustainable products, including PPG ERGOLUX™ Powder Coatings and PPG CoraChar™ Battery Fire Protection Coating.