PPG commits to setting science-based emission reduction targets and releases 2021 Environmental, Social and Governance (ESG) report

May 26, 2022 - PPG (NYSE: PPG) today announced that the company is committed to developing near-term climate-science-aligned emissions reduction plans for the company through the Science-Based Targets Initiative (SBTi), which aims to Helping businesses develop decarbonization strategies and reduce the impact of climate change
.

PPG's existing target is to reduce greenhouse gas emissions intensity by 15% by 2025 from 2017 levels, and to achieve a phased reduction of 9.
7% in 2021
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The company continues to report the emissions intensity of its own operations (Scope 1 emissions) and the emissions intensity of purchased electricity, steam, heating and cooling (Scope 2 emissions) over the long term, and plans to announce its new 2030 emissions reductions in the coming months target
.
future,

PPG will focus on assessing indirect emissions from the supply chain, including indirect emissions from raw materials, use of sold products, and product end-of-life (Scope 3 emissions)
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Diane Kappas, Vice President of Global Sustainability at PPG, said: “At this critical time for climate change, we are committed to further assessing and reducing emissions across the value chain
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We will work to develop next steps to help prevent global warming from exceeding 1.
5% Celsius
.
Following the validation and implementation of emissions analysis in partnership with the Science-Based Carbon Targets Initiative (SBTi), we will announce new, aggressive 2030 emissions reduction targets, which will inform our decarbonization strategy to protect ourselves and the next generation Good Earth
.
"

PPG also released its 2021 Environmental, Social and Governance (ESG) Report, detailing its progress on sustainable innovation, the board's ESG governance function, efforts to achieve the 2025 Sustainable Development Goals, and Further steps to support clients' sustainability goals
.
Please visit sustainability.
ppg.
com for the full report
.

Kappas continued: "Sustainability is at the heart of our 'protect and beautify the world' purpose
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The hard work and dedication of our employees has helped us achieve and exceed some of our near-term goals for 2025, and we will continue to look for other ways to Reduce emissions and overall environmental impact
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We are proud of what we have achieved, but we also recognize that it is time to take further steps
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We look forward to publishing our science-based emissions reduction targets once the validation process is complete
.
”

The latest report highlights PPG's environmental initiatives and innovations around the world, including:

● Introduced PPG ERGOLUXE™ powder coatings with a one-time application rate of up to 85% and reuse of oversprayed coatings
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PPG ErgoLuxe Eco contains up to 13% recycled rPET
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Since 2017, PPG has used more than 6 million pounds of rPET to produce coatings
.

● Released PPG COMEX® TOP coating, which has made an outstanding contribution to the circular economy through the recycling of used tires since its launch in 2021, with more than 270,000 tires recovered from landfills
.
The product can be applied to roofs and provide thermal insulation, reducing emissions through energy savings
.

● Implementing a zero-discharge program at architectural coatings plants in the US and Canada has enabled PPG to recycle and reuse more than 1.
7 million gallons of water during the past two years of production
.

● The installation of a combined heat and power (CHP) unit at the plant in Caivano, Italy, has greatly improved efficiency, equivalent to a reduction of approximately 1,100 metric tons of carbon dioxide (CO2) per year
.

● Invested more than $8.
7 million in PPG's global "Colorful Communities" campaign from 2015 to 2021
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In 2021, PPG reduced process waste, increased use of renewable energy, and increased sales of sustainable products
.
Key highlights include:

● Achieved 38% of sales from leading sustainable products, targeting 40% by 2025;

● 24% of electricity consumption has come from renewable energy sources, with a target of 25% by 2025;

● 40% of production and R&D facilities have achieved zero process waste to landfill, higher than the 2025 target of 35%;

● Waste treatment intensity decreased by 37% compared with 2017, higher than the target value of 25% in 2025
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To create strong and equitable communities, PPG strives to attract employees and focus on the diversity of talent
.
PPG's work on Diversity, Equity and Inclusion (DE&I) includes:

● Announce new Diversity, Equity and Inclusion (DE&I) commitments:

- By 2025, the proportion of non-first-line female professionals worldwide will reach 34%-36%
.
As of December 31, 2021, this figure has reached 30%
.

- 45%-55% increase in the percentage of Black, Latino, and Asian Americans among non-frontline workers in the United States (as of January 1, 2021)
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By the end of 2021, PPG's non-frontline black employees will increase by 13%, Latino employees by 9%, and Asian employees by 8%
.

- By 2025, achieve a 50% participation rate in the global Employee Resource Network (ERN) and Diversity, Equity and Inclusion (DE&I) capacity building
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By the end of 2021, this figure has reached 33%
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● Released the first PPG DE&I report
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● Develop 8 global Employee Resource Networks (ERNs) covering more than 7,000 employees in more than 60 countries
.

● A total of $7.
4 million will be invested by 2021 to fund the education of black communities and people of color to promote racial equality in the United States
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The disclosures in PPG's 2021 report are in compliance with Global Reporting Initiative (GRI) standards and Sustainability Accounting Standards Board (SASB) chemical industry standards
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The company also enhanced its reporting on the United Nations Sustainable Development Goals (UN SDGs) and reported on climate-related qualitative risks as required by the Task Force on Climate-related Financial Disclosures (TCFD)
.