PPG issues 2010 corporate sustainability report
Second full report provides expanded performance data, disclosures
PITTSBURGH, April 25, 2011 – PPG Industries (NYSE: PPG) has issued a corporate sustainability report for 2010, which expands on and enhances the scope of information provided in the company’s first full report for 2008. The document provides in-depth details regarding PPG’s status and progress on economic, environmental, safety and social-involvement initiatives.
“In this second full sustainability report, readers will see the measurement of our efforts over the past two years, but also specific examples of how we have elevated our approach and challenged ourselves to grow in a sustainable way,” said Charles E. Bunch, PPG chairman and CEO. “We have enhanced our monitoring and tracking for a range of measures for economic, environmental and social factors, which in turn has enabled us to expand our reporting and to communicate even more transparently about our progress.”
The 56-page report is posted on PPG’s corporate website at www.ppg.com/csr, and it is self-declared to meet Global Reporting Initiative (GRI) G3 Application Level B requirements, an upgrade from the company’s first report, which was self-declared to meet Level C requirements. It provides information about the company’s financial performance, environmental metrics such as greenhouse gas emissions and energy use, safety statistics, stakeholder engagement, philanthropic activities, and awards and recognition. PPG currently issues a full corporate sustainability report every other year and publishes an accompanying update in each intervening year.
“In many ways what PPG is doing in terms of sustainability is new. We are taking advantage of new technologies and new capabilities, and we are bringing a new emphasis and management structure to bear on achieving our goals,” Bunch said. “On the other hand, sustainability is business as usual at PPG. An underlying principle for the company since its founding in 1883, a commitment to sustainability has been crucial to our long-term success, and we have grown and thrived by making sound business decisions with profit, people and the planet in mind.”
In 2010, PPG’s Board of Directors approved the establishment of a PPG Sustainability Committee whose work is reviewed by the board's Technology and Environment Committee. The Sustainability Committee establishes policies, programs and procedures – including metrics – to help the company better understand and address sustainability issues in its business practices in order to remain a leader in its industries.
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 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
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