PPG (NYSE) today announced its inclusion in the FTSE4Good Index Series for the sixth consecutive year. Created by global index and data provider FTSE Russell, the FTSE4Good Index Series measures 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 of 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 various 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 range 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.
