PPG announced it has again earned a gold rating in corporate social responsibility from EcoVadis, a leading third-party sustainability ratings platform. PPG ranked higher than 93% of the 130,000 evaluated companies, the company said.
According to the EcoVadis rating methodology, PPG earned “advanced” scores in the categories of environment, labor and human rights, and sustainable procurement practices.
Contributing to PPG’s rating, in 2023 were:
- 44% of PPG’s sales were from sustainably advantaged products;
- The company reduced its Scope 1 and 2 greenhouse gas emissions by 10%; and
- 97% of PPG’s key suppliers were assessed against stringent sustainability and social responsibility criteria.
EcoVadis experts evaluate companies based on 21 factors grouped into four categories: environment, labor and human rights, ethics, and sustainable procurement. Each company is assessed in these areas based on size, location and industry. The rating methodology is based on international sustainability standards and initiatives, such as the Global Reporting Initiative (GRI) Standards, United Nations Global Compact and ISO 26000 standard (social responsibility).
“We take an extremely pragmatic approach to integrating sustainability throughout our operations and within our value chain to support our own ambitions and those of our customers,” said Peter Votruba-Drzal, PPG vice president-elect, global sustainability. “We are proud to be ranked among the top companies for environmental and social responsibility. It is a testament to the efforts of our more than 50,000 employees and reflects our recent progress.”
PPG said its most recent ESG Report details the company’s continued progress and focus on providing sustainably advantaged products, services and solutions for its customers. The full report is available at ppg.com/sustainability. The company’s 2023 ESG Report will publish in late May.
