United States. PPG announced its inclusion in the FTSE4Good Index Series for the fifth consecutive year.
Created by global index and data provider FTSE Russell, the FTSE4Good index series is designed to measure the performance of companies that demonstrate sound environmental, social and governance (ESG) practices.
"Sustainability is built into the way we operate as an organization," said Diane Kappas, vice president of global sustainability at PPG.
"It enables us to achieve greater operational excellence and meet the changing needs of our customers. We are honoured to be a component of the FTSE4Good index and recognised for our strong focus on sustainability and ESG priorities."
FTSE4Good indices are used by a variety of market participants to create and evaluate responsible investment funds and other products.
FTSE Russell's assessments are based on performance in areas such as corporate governance, health and safety, anti-corruption, climate change and other ESG criteria.
PPG recently revealed its 2030 sustainability goals, including greenhouse gas (GHG) emissions targets that have been validated by the Science Based Targets (SBTi) initiative. It is the first U.S. paint, coating and specialty materials company to receive SBTi validation.
PPG has committed to reducing absolute emissions from its own operations (scope 1 and 2) by 50% by 2030 starting in base year 2019.
It has also committed to reducing absolute scope 3 GHG emissions from goods and services purchased, processing of products sold and end-of-life treatment of products sold by 30% within the same time period.
The company has also committed to 50% of its sales coming from products with sustainable advantages by 2030.
In addition to the FTSE4Good index series, PPG has been recognized for its sustainability and ESG efforts by EcoVadis, MSCI, Newsweek Magazine America's Most Responsible Companies, JUST Capital and others.
