Carbon Disclosure Project Recognizes PPG as Industry Leader
October 28, 2009
In its 2009 Leadership Index (CLDI), the Carbon Disclosure Project (CDP) recognized PPG Industries as a leader in carbon disclosure transparency and emissions management within the S&P 500 index of companies. According to a PPG announcement, it scored 81 of a possible 100 points in the CLDI, ranking second in the materials sector, which had an average score of 59. The company also ranked third among materials companies for the CDP's pilot "performance-based" metrics, which measure a company's plans and actions to reduce greenhouse gas emissions. Companies report data voluntarily to the CDP.
"We are pleased to be recognized yet again as one of the world's leading companies in carbon disclosure and for our performance to reduce emissions, especially among a high-performing peer group," says Reg Norton, PPG vice president, environment, health and safety. "PPG recognizes the need to address climate change, and as a corporate citizen, we not only have a responsibility to set aggressive greenhouse gas emissions-reduction and energy-conservation goals, we see it as a fundamental business strategy that will enable us to sustain success into the future."
In December 2007, as part of its continued commitment to sustainable practices, PPG set a goal to reduce its total energy intensity by 25 percent from 2006 to 2016 and its total global greenhouse gas (GHG) emissions by 10 percent from 2006 to 2011. In 2008, the company issued its first-ever corporate sustainability report, which details its successful progress toward emissions-reduction goals.
CLICK HERE to read that full report.
Launched in 2000, the CDP holds a database of corporate climate change information and represents more than 475 signatory investors with combined assets under management of more than $55 trillion.
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