September 21, 2005 Lehigh Valley, Pa.
The Carbon Disclosure Project (CDP), a group of 145 global institutional investors managing more than $21 trillion in assets, has identified Air Products (NYSE:APD) as a leading company in its Climate Leadership Index for the second consecutive year.
The latest ranking is based on the CDP's annual survey of the world's 500 largest companies, which asked them to openly disclose investment-relevant information on climate change risks and opportunities. According to CDP, investors need to improve their understanding of climate change issues and better integrate that knowledge into investment analysis and decision-making.
John Jones, Air Products' chairman and chief executive officer, said, "Air Products is very proud to again be included in the CDP's Climate Leadership Index, which honors the top 60 companies whose responses best address the breadth of climate change issues. Our Greenhouse Gas Strategy Team serves as our center of excellence companywide, and we are committed to meeting our customers' increasing demands for products and enabling technologies that produce cleaner energy and improve environmental performance and efficiency."
For example, Air Products is actively involved in the emerging hydrogen economy and fixed and mobile fueling infrastructure, gas-to-liquids and liquefied natural gas technologies, ion transport membrane syngas and oxygen technologies, electronic materials for energy efficient light emitting diodes, high efficiency burner systems for glass and steel manufacturing, and nitrogen trifluoride for reducing perfluorocarbon emissions in semiconductor manufacturing. The company also continues to work with the CO2 Capture Project, an international effort by several of the world's leading energy companies focused on developing new technologies to reduce the cost of capturing carbon dioxide from combustion sources and safely storing it underground. In addition, Air Products works closely with its energy suppliers to reduce the GHG intensity of its operations.
For more information, visit Air Products' Corporate Responsibility web site at www.airproducts.com/responsibility.
More about the Carbon Disclosure Project
Launched in December 2000 at No. 10 Downing Street, the CDP is the world's largest collaborative investor initiative on a corporate responsibility issue. Based on responses to its climate change survey questions, the CDP constructs a Climate Leadership Index, comprising the 60 "best in class" companies that "are seizing the initiative across the spectrum of activities to shape their value and competitive potential as the shift to a low-carbon economy proceeds." Innovest Strategic Value Advisors—an investment research and advisory firm that specializes in analyzing companies' environmental, social and strategic governance performance—compiled the latest CDP report, which is accessible at www.cdproject.net.
More about Air Products
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 and is listed in the Dow Jones Sustainability and FTSE4Good Indices. The company has annual revenues of $7.4 billion (fiscal 2004), operations in over 30 countries, and nearly 20,000 employees around the globe. 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.