September 22, 2009 Lehigh Valley, Pa.
The Carbon Disclosure Project, which holds the largest database of corporate climate change information in the world, has recognized Air Products’ (NYSE:APD) approach to climate change disclosure and named the company to its S&P500 Leadership Index for 2009.
Of the S&P500, only the top 50 companies’ responses to the CDP’s questionnaire are included in its Leadership Index, which highlights the “constituent companies displaying the most professional approach to corporate governance in climate change disclosure practices.” Companies were scored based on their responses to the CDP’s questions that ranged from greenhouse gas emissions and reduction targets, to risks and opportunities associated with climate change.
John McGlade, Air Products’ chairman, president and chief executive officer, said, “We are very proud to have our climate change disclosure practices again be recognized by the CDP and to be included in the prestigious Carbon Disclosure Leadership Index as a best-in-class company. Along with our Sustainability Council, our Greenhouse Gas Strategy Team serves as our center of excellence companywide, and we continue to explore new markets and develop technology solutions that contribute to cleaner energy and improved environmental performance and efficiency.”
For example, Air Products is a leader in hydrogen fueling infrastructure, with nearly 100 fueling stations engineered and installed globally; liquefied natural gas equipment; ion transport membrane technologies for efficient power production; electronic materials for photovoltaics; high efficiency burner systems for glass and steel manufacturing; performance materials for environmentally friendly coatings and adhesives; and carbon capture and purification technologies, including proprietary oxyfuel technology, which leverages the company’s strengths in tonnage-scale oxygen production and advanced separation technology for potential carbon capture applications.
To view Air Products’ CDP response or learn more about technology solutions, visit the Greenhouse Gases and Energy Efficiency section of the company’s Corporate Responsibility Web site: > www.airproducts.com/Responsibility/EHS/EnvironmentalProtection/change.htm
About the Carbon Disclosure Project
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of corporate climate change information in the world. CDP gathers data through its annual Information Requests on behalf of institutional investors, purchasing organizations and government bodies. Since its formation in 2000, CDP has become the gold standard for carbon disclosure methodology and process, providing essential climate change data to the global market place.
Investor CDP represents some 475 institutional investors, with combined assets under management in excess of $55 trillion. CDP also works with private and public sector organizations to facilitate the collection of climate change data from their supply chains, as well as with local government to drive emissions reduction and sustainable development in key cities around the world. More than 2,500 major corporations around the globe report their greenhouse gas emissions and the risks and opportunities posed by climate change through CDP.
About Air Products
Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. 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. Air Products had fiscal 2008 revenues of $10.4 billion, operations in over 40 countries, and 21,000 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.