PPG subsidizes low-carbon public transport cards for Tianjin employees
Cards help PPG employees to make low-carbon, social responsibility efforts
TIANJIN, China, Nov. 11, 2010 – PPG Industries (NYSE:PPG) recently purchased 100 low-carbon public transport cards for its employees in Tianjin Binhai New Area to help promote a local effort to reduce carbon emissions. With the purchase of the low-carbon public transport cards, PPG is both buying transportation fare for its employees and making an equal contribution with each card toward supporting one Certified Emission Reduction (CER) unit, which is meant to fund the cost of carbon offsets to eliminate one metric ton of carbon dioxide.
Tianjin is the third city in China to issue low-carbon public transport cards, following Shanghai and Beijing, with the goal of engaging card users in helping to reduce carbon emissions and getting each city closer to becoming carbon neutral. The fund built by the accumulation of CER units is used to purchase carbon credits for enterprises dedicated to reducing carbon emissions as well as to support efforts by local farmers.
“Reducing carbon emissions is the duty of every enterprise and individual,” said Cathy Yan, PPG general manager of government affairs and business development, Asia/Pacific. “By purchasing these cards for our employees, PPG is actively involving them in carbon-reduction efforts in Tianjin, taking low-carbon travel as a starting point and helping them to integrate the concept into more aspects of their lives.”
In addition to supporting social responsibility efforts such as purchasing low-carbon transport cards for employees, PPG is committed to developing and manufacturing “green” products. In 2009, 26.4 percent of PPG’s sales were from products that PPG believes have positive energy or environmental attributes. Also, of the 65 new products PPG introduced in 2009, 38 were expressly formulated to promote environmental sustainability by reducing energy consumption, volatile organic compound (VOC) emissions or water use. Among its environmentally responsible products, PPG has developed architectural glass and coatings designed to help create “greener” buildings.
In June 2010, PPG was honored by the China Association of Enterprises with Foreign Investment (CAEFI), China Charity Federation, China's Private Economy Research Association and China Enterprise News, in association with other organizations and institutions, as one of 30 winners of the CSR (Corporate Social Responsibility) Award – Special Prize among more than 1,000 candidate companies, and as one of the excellent CSR cases among more than 200 submitted, for its efforts in recognizing the concerns and needs of society. In the same month, PPG won the “CSR-Environment Award” in “CSR-Environment Forum” sponsored by the Tianjin Economic Development Area (TEDA) Environmental Protection Bureau, TEDA International Chamber of Commerce and Friends of Green.
PPG's operation in Tianjin includes PPG Coatings (Tianjin) Co., Ltd., and a new aerospace application support center. ASC–Tianjin recently began operation and is being completed in two phases for a total investment of US$2.1 million. PPG Coatings (Tianjin) Co., Ltd., started an expansion of its waterborne coatings facility in May, with an expected annual capacity of waterborne automotive and industrial coatings upon completion of about 4,000 tons.
PPG Industries’ vision is to continue to be the world’s leading coatings and specialty products company. Founded in 1883, the company serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. With headquarters in Pittsburgh, PPG operates in more than 60 countries around the globe. Sales in 2009 were $12.2 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
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