PPG has been included in the FTSE4Good Index Series for the seventh consecutive year. Created by global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong sustainability practices against globally recognised standards.
“At PPG, we prioritise sustainability as a competitive advantage in our products and processes based on customer demand,” PPG vice president, global sustainability, Peter Votruba-Drzal, said.
“We are focused on enabling operational excellence and reducing environmental impact both in our own operations and for our customers through sustainably advantaged innovations.”
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 environmental impact. Businesses included in the FTSE4Good Index Series meet a variety of sustainability criteria.
PPG recently reported progress against its 2030 sustainability targets, including:
- 41 per cent of sales from sustainably advantaged products, such as PPG Enviroprime Epic200X solution that enhances corrosion protection for automotive bodies while significantly reducing energy and material requirements. Sustainably advantaged products are identified using PPG’s internal methodology that validates product attributes and their contribution towards the UN Sustainable Development Goals.
- 18 per cent reduction in greenhouse gas (GHG) emissions within the company’s own operations (scope one and two) against its 50 per cent reduction target by 2030.
- Six per cent reduction in value chain (scope three) emissions against its 30 per cent reduction target by 2030 across purchased goods and services, customer processing of sold products and end-of-life treatment of sold products.
- 48 per cent of process waste reused, recycled or recovered.
- 28 per cent reduction in water intensity at priority sites in water-stressed communities.
- 98 per cent of key suppliers assessed against sustainability and social responsibility criteria.
In addition to the FTSE4Good Index Series, PPG has been recognised for its sustainability efforts with an EcoVadis Silver rating and an AAA rating from MSCI.
PPG is also listed on Barron’s 100 Most Sustainable Companies, the Corporate Knights Clean 200, Newsweek Magazine’s America’s Most Responsible Companies, Newsweek Magazine’s World’s Greenest Companies and others.