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PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) announced today that it has been named to the FTSE4Good Index for the third consecutive year
.
The index is designed to measure companies' environmental, social and governance (ESG) performance
.
Diane Kappas, Vice President of Global Sustainability at PPG, said: "We are unwavering in developing paint and coatings solutions that contribute to a sustainable future and will do business with integrity, protecting the environment and communities in which we operate, and employee development.
Key ESG areas as business support are committed to building an inclusive talent team that can serve PPG's diverse global customers
.
Despite the ravages of the new crown epidemic, we have once again been included in the 'FTSE Social Responsibility Index', which highlights PPG Exemplary environmental, social and governance performance as a member of the paints, coatings and specialty materials industry
.
"
PPG released its 2020 Sustainability Report in April 2021, focusing on the company's important progress towards achieving its 2025 sustainability goals, including:
●Advanced sustainable products and processes account for 35% of the company's sales, including newly launched antibacterial and antiviral products; by 2025, this figure is expected to reach 40%;
● 35% of production and R&D bases achieve zero waste landfill disposal;
●34 % reduction in waste disposal compared to the 2017 baseline - higher than the 25% target for 2025;
●15 % reduction in water consumption from the 2017 baseline; by 2025, this figure is expected to reach 20%;
●● Leakage and release rates are 33% lower than the 2017 benchmark;
●● Greenhouse gas emissions have decreased by 24% since 2017
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In addition, PPG provides assistance and support to the communities in which it operates globally to help communities meet basic living needs; implement a comprehensive and detailed COVID-19 response plan to protect employees and serve customers in a variety of innovative ways; take positive actions to promote diversity, equality and Inclusive (DE&I)
.
Specific measures include:
● $13 million to support education and community sustainability programs in communities around the world;
●● From 2020 to 2025, an estimated investment of US$ 20 million will be used to help marginalized communities promote social justice and increase educational opportunities;
●● Invested US$4.
5 million to support the relief work of the new coronavirus epidemic, including donating 80,000 masks to medical institutions;
● Continue to improve the company's attention to diversity, equality and inclusion (DE&I), implement and confirm relevant commitments and take actions to fulfill the commitments
.