PPG recognized for sustainability progress by FTSE4Good for sixth consecutive year

Rhea-AI Summary

PPG (NYSE:PPG) has been included in the FTSE4Good Index Series for the sixth consecutive year, recognizing its strong environmental, social, and governance (ESG) practices. The company reported significant progress towards its 2030 sustainability targets, including:

• 44% of sales 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
• 97% of key suppliers assessed against sustainability criteria

PPG has also received recognition from EcoVadis, MSCI, Barron's, Corporate Knights, Newsweek, and JUST Capital for its sustainability efforts.

PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced its inclusion in the FTSE4Good Index Series for the sixth consecutive year. Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices against globally recognized standards.

“Sustainability is core to how PPG provides value to its customers,” said Peter Votruba-Drzal, PPG vice president, global sustainability. “We are focused on reducing the environmental impact of our operations and providing sustainably advantaged innovations that anticipate the needs of our customers.”

The FTSE4Good indexes are used by a variety of market participants to create and assess responsible investment funds and other products. FTSE Russell evaluations are based on performance in areas such as corporate governance, health and safety, anti-corruption and climate change. Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.

PPG recently reported progress against its 2030 sustainability targets, including:

• 44% of sales from sustainably advantaged products, such as the PPG LINQ™ end-to-end digital solution for global refinish customers, allowing customers to reduce their environmental impact, optimize product consumption and reduce waste. Sustainably advantaged products are identified using PPG’s internal methodology that validates product attributes and their contribution towards the UN Sustainable Development Goals.
• 10% reduction in greenhouse gas (GHG) emissions within the company’s own operations (scope 1 and 2) against its 50% reduction target by 2030, validated by the Science Based Targets initiative (SBTi).
• 12% reduction in value chain (scope 3) emissions against its 30% reduction target by 2030, validated by SBTi, 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.

In addition to the FTSE4Good Index Series, PPG has earned recognition for its sustainability and ESG efforts with an EcoVadis Gold rating and an AA rating from MSCI. PPG is also listed on the Barron’s 100 Most Sustainable Companies, the Corporate Knights Clean 200, Newsweek Magazine’s America’s Most Responsible Companies, JUST Capital’s list of America’s Most Responsible Companies and others.

To learn more about PPG’s sustainability progress and 2030 targets, visit 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.

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

CATEGORY Sustainability

View source version on businesswire.com: https://www.businesswire.com/news/home/20240722847288/en/

PPG Media Contact:

Greta Edgar Borza

Corporate Communications

+1 724 316 7552

edgar@ppg.com

www.ppg.com

Source: PPG

FAQ

What sustainability index has PPG been included in for the sixth consecutive year?

PPG has been included in the FTSE4Good Index Series for the sixth consecutive year, recognizing its strong environmental, social, and governance (ESG) practices.

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

According to the press release, 44% of PPG's sales come from sustainably advantaged products.

How much has PPG reduced its greenhouse gas emissions in its own operations?

PPG has achieved a 10% reduction in greenhouse gas emissions within its own operations (scope 1 and 2) against its 50% reduction target by 2030.

What percentage of PPG's process waste is reused, recycled, or recovered?

45% of PPG's process waste is reused, recycled, or recovered.

How many of PPG's key suppliers have been assessed against sustainability criteria?

97% of PPG's key suppliers have been assessed against sustainability and social responsibility criteria.