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PPG INDUSTRIES, INC.

(PPG)
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PPG : maintains EcoVadis Gold Rating for sustainability progress, ranking among top 6% of evaluated companies

04/22/2021 | 10:04am EDT

PPG (NYSE:PPG) today announced that it again achieved a Gold Rating in corporate social responsibility from EcoVadis, a leading provider of business sustainability ratings. Only 6% of evaluated companies met the qualifications for a Gold Rating.

PPG earned high scores for its environmental and ethics practices. The company also recently committed to assessing 1,000 key suppliers on EcoVadis’ four sustainability categories, which contributed to a 20-point increase in PPG’s sustainable procurement score, compared to its 2019 score.

EcoVadis experts evaluate company performance 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).

“Our commitment to being an industry leader in sustainability is unwavering,” said Mark Cancilla, PPG vice president, environment, health and safety. “We know that our sustainability impact extends beyond the walls of PPG, reaching our global employees, customers, communities, supply chain partners and many other stakeholders. We look forward to furthering our progress and delivering on our 2025 goals.”

PPG recently published its 2020 Sustainability Report, which detailed its continued progress and strengthened focus on diversity, equity and inclusion, climate-related risks, supplier sustainability and more. The full report is available at sustainability.ppg.com.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Sustainability


© Business Wire 2021
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Financials (USD)
Sales 2021 16 656 M - -
Net income 2021 1 739 M - -
Net Debt 2021 4 805 M - -
P/E ratio 2021 24,3x
Yield 2021 1,24%
Capitalization 41 811 M 41 811 M -
EV / Sales 2021 2,80x
EV / Sales 2022 2,58x
Nbr of Employees 46 900
Free-Float 40,6%
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Number of Analysts 24
Average target price 181,55 $
Last Close Price 176,35 $
Spread / Highest target 16,8%
Spread / Average Target 2,95%
Spread / Lowest Target -45,6%
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Managers and Directors
NameTitle
Michael H. McGarry Chairman & Chief Executive Officer
Vincent J. Morales Chief Financial Officer & Senior Vice President
David S. Bem CTO, Vice President-Science & Technology
Bhaskar Ramachandran Chief Information Officer & Vice President
Robert King VP-Global Operations, Industrial Segment
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