Air Products Publishes 2021 Sustainability Report - "Sustainable Growth for a Sustainable Future"
Report Details how the Company's Focus on Gasification, Carbon Capture and Hydrogen for Mobility are Helping Enable the Energy Transition
LEHIGH VALLEY, Pa., June 7, 2021 /PRNewswire/ -- Air Products (NYSE:APD) published its 2021 Sustainability Report today detailing the Company's sustainability goals, achievements and showcasing how its industrial gases and expertise help customers reduce their environmental impact. The report also provides stakeholders with economic, environmental and social performance data, in accordance with the Global Reporting Initiative (GRI) standards "Core" option.
"Put simply, sustainability is our growth strategy at Air Products. Sustainability creates our growth opportunities, and our growth opportunities support our sustainability goals and focus," said Seifi Ghasemi, Air Products' Chairman, President and Chief Executive Officer. "Throughout 2020, the world has faced unparalleled challenges from the COVID-19 pandemic. I am extremely proud of the work of our talented and committed team at Air Products for working tirelessly to safely operate our more than 750 production facilities around the world to supply customers with essential industrial gases and execute global megaprojects that are enabling a transition to a cleaner energy future."
The Sustainability Report highlights Air Products' "Third by '30" goal to reduce its carbon dioxide (CO2) emissions intensity (kg CO2/MM BTU) by one-third by 2030 from a 2015 baseline. This year's report also continues Air Products' "Grow, Conserve, and Care" sustainability framework and covers important sustainability priorities based on feedback from key stakeholders.
That strategy has produced positive results, as Air Products achieved many of its 2020 sustainability goals, established in 2016. Below are a few highlights and results of the "Grow, Conserve and Care" focus:
The Sustainability Report also cites several important recognitions received by the Company. Air Products' sustainability efforts have been recognized by Barron's, which named Air Products as the top climate aligned company in its 2021 Ranking of the Most Sustainable Companies in America. Overall, Barron's ranked Air Products 13th on its 100 Most Sustainable Companies list, up 20 spots from the previous year.
The Barron's recognition was the latest for Air Products, which also was recently included in the S&P Global 2020 Sustainability Yearbook and the Corporate Knights' Clean 200 listing for the third year in a row. The Clean 200 was established in 2016 and ranks the largest publicly-listed companies by their clean energy reviews. Air Products also has been named to the Wall Street Journal's 100 Most Sustainably Managed Companies list. In addition, in November, Air Products was named to the Dow Jones Sustainability North America Index (DJSI) for the 11th consecutive year. The 2020/2021 DJSI recognition ranks Air Products among the top 20 percent of North American companies in its industry group for corporate sustainability performance.
The full Sustainability Report, supporting documents and a short video of Sustainability Report highlights are available on the Company's Sustainability website.
About Air Products
The Company had fiscal 2020 sales of $8.9 billion from operations in 50 countries and has a current market capitalization of about $65 billion. More than 19,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, Twitter, Facebook, or Instagram.
Cautionary Note Regarding Forward-Looking Statements: This release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2020. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.
SOURCE Air Products
Company Codes: NYSE:APD
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