PPG Receives Second Consecutive Pro-Ethics Seal From Brazil Ministry of Transparency, Federal Comptroller General

Rhea-AI Summary

PPG (NYSE: PPG) has been awarded the 2020-2021 Pro-Ethics seal by the Brazil Ministry of Transparency and Federal Comptroller General, marking its commitment to ethical business practices. PPG was the only coatings company recognized in both the current and previous editions of this program. The Pro-Ethics seal highlights PPG's dedication to integrity and its robust compliance program, which includes risk assessment, employee training on anti-corruption laws, and fostering a culture of transparency. In 2020, PPG reported net sales of $13.8 billion.

Positive

• Recognized with the 2020-2021 Pro-Ethics seal, underscoring PPG's commitment to ethical practices.
• Only coatings company acknowledged in both current and prior program editions.

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• None.

Award recognizes companies that employ ethical business practices, operate with highest level of compliance, transparency, integrity

SUMARÉ, Brazil--(BUSINESS WIRE)-- PPG (NYSE: PPG) today announced that it has received the 2020-2021 Pro-Ethics seal, which is granted by the Brazil Ministry of Transparency and Federal Comptroller General (CGU) in partnership with the Ethos Institute.

PPG was the only coatings company to be recognized in both the current and 2018-2019 editions of the program. It operates manufacturing facilities in Sumaré and Américo Brasiliense, São Paulo; Gravataí, Rio Grande; and Pinhais, Paraná.

The objective of the Pro-Ethical Company Program is to evaluate and publicize companies that voluntarily adopt practices to build an environment of integrity and trust in business relationships, including those involving the public sector.

"PPG has always prioritized ethical business practices and takes its role in creating a responsible business environment seriously, and the Pro-Ethics seal recognizes our commitment to integrity throughout the PPG value chain," said Marcio Grossmann, PPG general manager, Brazil. "PPG's compliance program has always been quite robust and mature.”

Through the program, PPG assesses risks, improves controls and evaluates whether they are effective; trains key employees and business partners on the Brazilian anti-corruption law; implements due diligence processes for third parties and strategic activities; and facilitates a corporate culture where people feel safe to raise issues, concerns or ideas.

Additional information on PPG's commitment to ethical business conduct can be found in the company's Global Code of Ethics or in the company’s Sustainability Report.

About the Pro-Ethical Company Program

The National Registry of Companies Committed to Ethics and Integrity (Pro-Ethical Company Program) was established in 2010. Participation in the program is voluntary and done through evaluation questionnaires. In the 2020-2021 edition, 327 companies of all sizes and from various industries requested access to the program, with 195 companies admitted. After the evaluation process, 67 companies were approved and recognized as a 2020-2021 Pro-Ethical Company.

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 more than 135 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 $13.8 billion in 2020. 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 is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Corporate

View source version on businesswire.com: https://www.businesswire.com/news/home/20211214005179/en/

PPG Media Contact:

Raquel Degam Klemz

Brazil Communications

Raquel.klemz@ppg.com

www.ppg.com.br

Source: PPG

FAQ

What is the significance of the Pro-Ethics seal awarded to PPG?

The Pro-Ethics seal recognizes PPG's ethical business practices and commitment to transparency and compliance.

How many companies were recognized in the Pro-Ethics program?

In the 2020-2021 edition, 67 companies were recognized as Pro-Ethical Companies out of 195 that participated.

What did PPG report in net sales for 2020?

PPG reported net sales of $13.8 billion in 2020.

Who awarded the Pro-Ethics seal to PPG?

The Pro-Ethics seal was awarded by the Brazil Ministry of Transparency and Federal Comptroller General in partnership with the Ethos Institute.

What practices does PPG implement to maintain compliance?

PPG implements risk assessments, employee training on anti-corruption laws, and encourages a culture of transparency.