FTSE4Good has recognised PPG for its exemplary performance in environmental, social, and governance (ESG) practices.
The international paint and coatings manufacturer PPG
has announced its inclusion for the sixth year in a row in the FTSE4Good index series, designed to measure the performance of companies that demonstrate sound environmental, social and governance (ESG) practices against globally recognised standards.
“Sustainability is core to how PPG provides value to its customers. We are focused on reducing the environmental impact of our operations and providing sustainably advantaged innovations that anticipate the needs of our customers,” has stated Peter Votruba-Drzal, PPG Vice-President, global sustainability.
The FTSE4Good indices are used by various market participants to create and evaluate responsible investment funds and other products. The FTSE Russell ratings are based on performance in areas such as corporate governance, health and safety, anti-corruption and climate change. Companies included in the FTSE4Good index series meet a range of environmental, social and governance criteria.
Additionally, PPG has reported progress toward its 2030 sustainability goals, including:
- 10% reduction in greenhouse gas (GHG) emissions from its scope 1 and 2 activities, against a target of a 50% reduction by 2030, validated by the Science Based Targets initiative (SBTi).
- 12% reduction in scope 3 emissions, against a target of a 30% reduction by 2030.
- 45% of process waste being reused, recycled, or recovered.
- 97% of key suppliers assessed based on sustainability and social responsibility criteria.