February 11, 2004 Lehigh Valley, Pa.
Air Products (NYSE:APD) is one of 22 companies out of 2,121 worldwide to receive a top governance rating from GovernanceMetrics International (GMI), an independent corporate governance research and ratings agency.
"With the strong corporate responsibility policies and control systems we have in place, we are gratified to be recognized as one of the best," said John P. Jones, chairman and chief executive officer of Air Products.
GMI assesses governance practices across a broad spectrum of companies in North America, Europe and Asia based on securities regulations, stock exchange listing requirements, and various corporate governance codes and principles. Their ratings system incorporates hundreds of data points across six broad categories of analysis: board accountability, financial disclosure and internal controls, executive compensation, shareholder rights, takeover provisions, and corporate behavior and social responsibility.
Recently, Air Products also was named a component of the Dow Jones Sustainability World Indexes—2004 (DJSI World), an international benchmark for excellence in economic, environmental and social leadership. Within the DJSI World chemical industry ranking, Air Products scored within the highest cluster of companies in these three areas.
Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. With annual revenues of $6.3 billion and operations in over 30 countries, the company's 18,500 employees build lasting relationships with their customers and communities based on understanding, integrity and passion. For more information, visit www.airproducts.com.
NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.
EDITOR'S NOTE: For more information about corporate responsibility at Air Products, visit www.airproducts.com/Responsibility/default.htm.