PPG (NYSE: PPG) has announced that it has been named to the FTSE4Good Index for the fifth consecutive year Series). Created by global index and data provider FTSE Russell, the index aims to measure companies' environmental, social and governance (ESG) performance.
Diane, Vice President, Global Sustainability, PPG Kappas said: "Sustainability is deeply embedded in our business and has become the way we operate every day. It enables us to achieve greater operational excellence while meeting the evolving needs of our customers. We have been listed in the FTSE Society for several years in a row. Responsible Index' and are honored to be recognized for our commitment to sustainability and ESG."
The FTSE4Good Index is used by various market participants to create and evaluate responsible investment funds and other products. FTSE Russell's assessment is based on companies' performance in areas such as corporate governance, health and safety, anti-corruption, climate change and other ESG criteria.
PPG recently announced its 2030 sustainability goals, including greenhouse gas emissions targets that have been validated by the Science-Based Targets Initiative (SBTi). In fact, PPG is the first U.S. paint, coatings and specialty materials company to be certified by the Science Based Carbon Targets initiative.
PPG has committed to reduce the absolute emissions (scope 1 and scope 2) of its own operations by 50% from 2019 levels by 2030, while reducing the absolute greenhouse gas emissions of purchased goods and services, processed products sold, and end-of-life disposal. Amount (Range 3) reduced by 30%. In addition, PPG has also committed to increasing the sales of sustainable advantage products to 50% by 2030.
In addition to the FTSE4Good Index, PPG's sustainability and ESG initiatives have been recognized by EcoVadis, MSCI, Newsweek magazine's "America's Most Responsible Companies," JUST Highly recognized by Capital and other institutions.
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