PPG again earns EcoVadis gold rating for sustainability practices, ranks among top 7% of evaluated companies

PPG (NYSE:PPG) today announced that it has again earned a gold rating in corporate social responsibility from EcoVadis, a leading third-party sustainability ratings platform. PPG ranked higher than 93% of the 130,000 evaluated companies.

According to the EcoVadis rating methodology, PPG earned “advanced” scores in the categories of environment, labor and human rights, and sustainable procurement practices. Contributing to PPG’s rating, in 2023:

• 44% of PPG’s sales were from sustainably advantaged products
• The company reduced its scope 1 and 2 greenhouse gas emissions by 10%
• 97% of PPG's key suppliers were assessed against stringent sustainability and social responsibility criteria

EcoVadis experts evaluate companies based on 21 factors grouped into four categories: environment, labor and human rights, ethics, and sustainable procurement. Each company is assessed in these areas based on size, location and industry. The rating methodology is based on international sustainability standards and initiatives, such as the Global Reporting Initiative (GRI) Standards, United Nations Global Compact and ISO 26000 standard (social responsibility).

“We take an extremely pragmatic approach to integrating sustainability throughout our operations and within our value chain to support our own ambitions and those of our customers,” said Peter Votruba-Drzal, PPG vice president-elect, global sustainability. “We are proud to be ranked among the top companies for environmental and social responsibility. It is a testament to the efforts of our more than 50,000 employees and reflects our recent progress.”

PPG’s most recent ESG Report details the company’s continued progress and focus on providing sustainably advantaged products, services and solutions for its customers. The full report is available at ppg.com/sustainability. The company’s 2023 ESG Report will publish in late May.

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.

The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.

CATEGORY Sustainability

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The PPG Industries Stock at the time of publication of the news with a raise of +0,81 % to 130,3EUR on NYSE stock exchange (26. April 2024, 15:49 Uhr).