PPG recognized as fulfilling corporate social responsibilityBEIJING, April 6, 2009 –
In the recently announced “2008 Excellent Cases of Multinational Corporations Fulfilling Social Responsibility” report, PPG Industries (NYSE:PPG) was lauded by China Enterprise News
and the Employer Department of China Enterprise Confederation, in association with many authoritative research institutions, as one of the top 20 cases among more than 200 submitted for efforts in recognizing the concerns and needs of society.
The rankings were announced during the “2009 Multinational Corporations Social Responsibility Seminar” hosted by China Enterprise News
and the Employment Department of China Enterprise Confederation. Cathy Yan, general manager, government affairs and business development, PPG Asia/Pacific, who attended the seminar in Beijing, accepted the award on behalf of PPG and informed attendees about PPG’s social responsibility efforts.
“PPG regards recognition of the concerns and needs of society as a key corporate value,” Yan said. “In 1951, PPG established the PPG Industries Foundation to improve the quality of life in communities where PPG has a presence and to encourage employee volunteerism and executive involvement with nonprofit organizations. The foundation’s strategic interests are education, human services, culture and arts, civic and community affairs, and health and safety.”
As one of the first global coatings companies to invest in China in the late 1980s, PPG complies with high standards in environment, health and safety and product stewardship and is committed to developing environmentally responsible, energy-saving products, Yan said. “Around one-third of PPG’s products are ‘green’ products, and about three percent of PPG’s annual sales is spent on research and development, about 70 percent of which goes toward work on environmentally responsible and innovative products,” Yan said. “In China, PPG is committed to selling and promoting green products and technologies, such as waterbased low- or zero-volatile organic compound (VOC) coatings and low-emissivity (low-E) glass, while at the same time actively responding to the State Council’s call for energy saving and emission reduction.”
PPG also encourages employees’ involvement in social welfare projects. Last year, PPG China initiated a "Warm Children's Winter" clothing donation project in response to the severe snowstorms in South China, and PPG employees throughout the world made donations in response to the devastating earthquake in Sichuan. Also, PPG, in association with Chery, launched the “PPG-Chery Wuhu Disabled Children Recovery Project,” donating automobiles, clothes, solar-energy water heaters and environmental-responsible coatings to the Wuhu No. 2 Welfare Institute. Project funds were allocated to employ rehabilitation teachers to help the disabled children with their recovery and to have happier lives. In Tianjin and Suzhou, the homes of PPG’s largest operations in China, the company encouraged employees to attend charity bicycle-riding and clean-up events, which Yan said have made a difference in the construction of green communities in local areas.
PPG encourages all employees to be environmentally and socially responsible, both in the office and at home. Yan said, “In China, PPG’s welfare activities cover all the communities where PPG plants operate. On average, we organize three to four campaigns in each of three communities annually, with a total investment of more than RMB 2 million. We are proud to say that more than 60 percent of our employees take part in these campaigns each year, and we expect this number to increase year on year.”
Commenting on how best to fulfill corporate social responsibility during the economic downturn, Yan said, “We believe that it is best for an enterprise to keep on fulfilling its social responsibilities. Recognition of the concerns and needs of society is an integral part of our company's operations, and social responsibility brings its own opportunities for development and progress. We will continue research and development efforts to create more environmentally responsible products and provide more comprehensive services, and we hope to help our customers improve their products and services as well. As an industry leader, PPG is cooperating closely with customers and suppliers to overcome the crisis.”China Enterprise News
and the Employer Department of China Enterprise Confederation, in association with many authoritative research institutions, began the “2008 Excellent Cases of Multinational Corporations Fulfilling Social Responsibility” project to conduct in-depth analysis of multinational corporations’ performance in regard to social responsibility. After research group members gathered and analyzed relevant materials, 48 cases were nominated for final consideration, and 20 exceptional cases were named to the comprehensive list of “2008 Excellent Cases of Multinational Corporations Fulfilling Social Responsibility.”About PPG
Pittsburgh-based PPG is a global supplier of paints, coatings, optical products, specialty materials, chemicals, glass and fiber glass. The company has more than 140 manufacturing facilities and equity affiliates and operates in more than 60 countries. Sales in 2008 were $15.8 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com
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