PPG secures a gold rating from EcoVadis, placing it in the top 7% of assessed companies globally, highlighting its comprehensive dedication to sustainability.
PPG, a renowned global provider of paints, coatings, and specialty materials, has solidified its reputation as a leader in sustainability by once again securing a gold rating from EcoVadis, one of the leading independent sustainability rating agencies. This prestigious ranking places PPG in the top 7% of the 130,000 companies assessed worldwide, underscoring its commitment to environmental and social responsibility.
EcoVadis evaluates companies across four critical sustainability categories: environment, labor and human rights, ethics, and sustainable procurement. Their rigorous assessment process is based on internationally recognized sustainability standards, including the Global Reporting Initiative (GRI) Standards, the United Nations Global Compact, and the ISO 26000 standard on social responsibility. PPG’s performance in these categories suggests a comprehensive integration of sustainable practices into its business model.
PPG’s sustainability efforts are evident in its significant reduction in greenhouse gas emissions, with a 10% reduction in scope 1 and scope 2 emissions in the past year alone. The company has also focused on developing sustainably advantaged products, which now represent 44% of its sales. Further, PPG’s stringent evaluation of its suppliers ensures that 97% of them meet high sustainability and social responsibility standards, thereby extending its commitment to sustainability throughout its supply chain.
Peter Votruba-Drzal, PPG Vice President-elect, Global Sustainability, emphasizes the company’s strategy of embedding sustainability not only within its own operations but also across its value chain. This approach not only supports PPG’s ambitions but also assists its customers in achieving their sustainability goals. The comprehensive ESG Report, which PPG regularly publishes, offers stakeholders a transparent view into the progress the company is making on these fronts.
Founded over 140 years ago and with a presence in more than 70 countries, PPG has a substantial impact on various sectors, including construction, consumer products, and transportation. With net sales reported at $18.2 billion in 2023, PPG’s influence is both broad and significant. Its consistent dedication to innovation and customer collaboration guides its successful navigation through its sustainability agenda.
PPG’s ability to maintain high EcoVadis ratings annually signifies a steady commitment to environmental stewardship and social responsibility, serving as a beacon for other corporations aiming to integrate sustainability into their core operations. The accolades from EcoVadis not only enhance PPG’s corporate image but also reassure stakeholders of its commitment to a sustainable future.
With the full 2023 ESG report anticipated for release soon, PPG continues to lead by example in the corporate sustainability arena, demonstrating that responsible business practices and commercial success can indeed go hand in hand.