PPG Industries today announced a variety of sustainability goals for 2030, with a focus on issues related to greenhouse gas (GHG) emissions and environmental stewardship, said the company.
The move follows last week’s announcement of 2030 targets related to sales and GHG emissions. The company is aiming to reduce scope 1 and 2 GHG emissions, from a 2019 baseline, by 50% by 2030, and reduce scope 3 emission by 30% as of the same date – both goals announced last week. Adding onto this, PPG is aiming for a water intensity reduction of 15% by 2030 and a waste intensity reduction of 25%. It is also aiming to derive 50% of sales from “sustainably advantaged products,” as determined by an in-house methodology informed by United Nations Sustainable Development Goals (UNSDGs), PPG said.
PPG also reported on progress for its 2025 goals, which are based on a 2017 baseline. Progress was made on a variety of goals, including a reduction in waste disposal intensity, GHG emissions intensity, and sourcing electricity from renewable power. However, energy consumption intensity and water consumption intensity increased in 2022, due to product mix changes.
“Our efforts to reduce greenhouse gas emissions across our value chain will include evaluating more circular and renewable raw materials, collaborating with suppliers to lower their emissions footprint, and innovating new lower carbon solutions for our customers,” said Diane Kappas, vice president/global sustainability at PPG.
Renewable energy sourcing will be also a growing area of focus as the company moves to decarbonize. “As we prepare for the next phase of our decarbonization journey, we will be partnering with clean energy solutions providers to define a comprehensive global strategy for renewable and clean energy sources to our network of facilities around the world,” PPG said in its sustainability report. In 2022, the company derived 6% of its total energy consumed from renewable sources.
PPG recently signed an agreement with power utility NRG Energy (Houston) to run four coatings manufacturing plants and 62 stores in Texas on fully renewable electricity.
We remind, PPG will invest USD11 million to double the production capacity of its powder coatings plant in San Juan del Rio, Mexico. The expansion project is expected to be completed by mid-2023 and will allow the plant to meet the expected future demand for powder coatings in Mexico.
PPG is a leading supplier of powder coatings to the automotive, transportation, appliance, furniture and other markets. The company expanded the business with its 2020 acquisition of Alpha Coating Technologies, which manufactures powder coatings for light industrial applications and heat-sensitive substrates, and its 2021 acquisition of Worwag, which makes liquid, powder and film coatings for industrial and automotive applications. PPG recently agreed to acquire the powder coatings business of Arsonsisi, including a manufacturing plant in Verbania, Italy.
mrchub.com