PPG to invest $20 million by 2025 to advance racial equity
PPG (NYSE: PPG) and the PPG Foundation announced on February 1 a commitment to invest $20 million by 2025 to address systemic racism and advance racial equity in the U.S. by funding educational pathways for Black communities and people of color. The commitment strengthens PPG’s focus on education – a priority giving area for PPG and the PPG Foundation – and furthers its support of science, technology, engineering and math (STEM) education.
“We aim to reach diverse students and communities to champion change and empower historically underrepresented populations with greater opportunities to achieve brighter futures,” said Malesia Dunn, executive director, PPG Foundation and corporate global social responsibility. “Through this important commitment, we will prioritize equity and justice within education to close the racial gaps in STEM learning and careers, and help our society meet collective challenges quickly, creatively and effectively.”
The $20 million investment reflects commitments to support:
· Advanced STEM education and career development - Supporting Black people and people of color who are pursuing advanced studies in engineering, chemistry and data science by funding scholarships, and academic and career counseling programs. PPG will focus on programs that promote inclusion, provide professional development and build bridges that enable middle and high school students to successfully pursue advanced learning opportunities and STEM careers.
· K-12 STEM education - Encouraging interest among more Black students, and students of color, through hands-on STEM experiences in afterschool programs, camps and in-school settings, as well as mentoring and career exposure.
· Social justice - Supporting new partners dedicated to social justice that were identified in collaboration with PPG’s employee resource networks (ERNs). PPG will support a range of social justice initiatives that focus on civil rights, criminal justice reform and the cultural heritage of Black communities and people of color.
· Beautifying diverse communities - Increasing the number of PPG COLORFUL COMMUNITIES® projects that impact diverse communities.
· Ongoing impact opportunities - Funding additional opportunities impacting Black and people of color populations that will be identified in collaboration with PPG employees, leaders and community partners, on an ongoing basis.
The PPG Foundation will direct at least 25% of diversity funding to organizations serving the company’s global headquarters community of Pittsburgh. It also will continue to invest more than 50% of its U.S.-based grantmaking to support causes that focus on Black communities and people of color, veterans, women, LGBTQ+ populations, economically disadvantaged individuals and families, and people with disabilities.
The community engagement commitment supplements PPG’s actions to further progress diversity, equity and inclusion (DE&I) companywide. PPG will continue to identify additional opportunities to ensure support to underrepresented groups around the world.
“At PPG, we believe in DE&I and have long upheld these values throughout our company and community engagement efforts to create stronger, more sustainable communities,” said Marvin Mendoza, global head, DE&I, PPG. “Our new community engagement commitments build upon PPG’s purpose to protect and beautify the world and align with our practices to create an equal and just society.”
In 2020, PPG continued its focus on DE&I across the company. In response to George Floyd’s death and the widespread civil rights movement that followed, the PPG Foundation made initial investments in the National Association for the Advancement of Colored People (NAACP) Legal Defense Fund, the Center for Policing Equity and the Equal Justice Initiative. In November 2020, the company appointed Mendoza to design, lead and execute PPG’s global DE&I vision and strategy, and leverage data-driven insights to accelerate the company’s DE&I agenda. PPG also relaunched and expanded its ERNs, providing employees with more opportunities to share ideas, learn from one another, and leverage the unique skills, experiences and perspectives of the PPG team.
PPG’s global community engagement efforts and the PPG Foundation aim to bring color and brightness to PPG communities around the world. We invested more than $11 million in 2019, supporting hundreds of organizations across 38 countries. By investing in educational opportunities, we help grow today’s skilled workforce and develop tomorrow’s innovators in fields related to coatings and manufacturing. Plus, we empower PPG employees to multiply their impact for causes that are important to them by supporting their volunteer efforts and charitable giving. Learn more at communities.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.