PPG Donates More Than US$450,000 To Ukrainian Humanitarian Crisis

PPG Donates More Than US$450,000 To Ukrainian Humanitarian Crisis

PPG has committed more than US$450,000 in response to the developing Ukrainian refugee crisis. PPG said its employees are also directly supporting people in need, including taking refugee families into their homes.

PPG said it made an initial donation of US$250,000 to humanitarian relief and longer-term recovery support, including a US$50,000 match of employee donations. With more than three million refugees leaving Ukraine for safety, support, and shelter, another US$150,000 will be given to non-profit organisations providing humanitarian support and the company’s matching of employee donations will increase to US$100,000.

Since the war began, PPG said its highest priority has been to protect the safety and wellbeing of its employees in affected countries.

The conflict has caused the scaling back of Russian operations due to deteriorating business conditions and regulatory restrictions. PPG said it made the immediate decision to refrain from sales to Russian state-owned entities falling within the scope of recent regulations, along with the aerospace market. Additionally, the company will not undertake new investment and is winding down various other operations in Russia, except the supply of coatings to customers that provide packaging for essential food and beverage products.

PPG also intends to sell a minimum quantity of essential products necessary to generate local currency, allowing it to maintain employment and meet payroll. It also plans to donate net profits, if any, generated by its Russian operations for the full calendar year 2022, to non-profit organisations providing direct humanitarian support.

The company continues to watch developments in the region and will monitor additional requirements for support. Local teams will continue to provide direct support to affected PPG families, especially in European countries near Ukraine including Poland, Romania, Slovakia, Hungary, and Moldova.