September 21, 2010 Lehigh Valley, Pa.
The Carbon Disclosure Project (CDP) has recognized Air Products’ (NYSE:APD) approach to climate change disclosure and again named the company to its S&P 500 Carbon Disclosure Leadership Index for 2010.
Representing 534 institutional investors with $64 trillion in assets under management, the CDP holds the largest database of corporate climate change information in the world. Its Leadership Index, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, highlights the constituent companies displaying the most comprehensive approach to corporate governance in climate change disclosure practices.
As a constituent of the S&P 500 Index, Air Products is among the top 10 percent of U.S. leaders in carbon disclosure. The CDP conducted an analysis of responses to its questionnaire, which focused on greenhouse gas emissions, reduction targets, and risks and opportunities associated with climate change. All told, more than 4,700 companies were invited to participate and disclose their climate change strategies.
John E. McGlade, Air Products’ chairman, president and chief executive officer, said, “We are honored to be included again in the CDP’s S&P 500 Leadership Index. We pride ourselves on operational efficiency in every aspect of our plants and have set aggressive reduction goals for energy and greenhouse gases. There is an ever-increasing need for the energy and environmental technology solutions we provide our customers today, as well as those in development. We continue to work closely with them to improve product quality and efficiencies in their manufacturing processes, while helping lower their carbon footprints.”
For example, Air Products enables cleaner transportation fuels, facilitates alternate fuel source development, and is developing a portfolio of technologies that captures carbon dioxide from power and chemical plants before it reaches the atmosphere. In addition, the potential demand for carbon capture solutions could increase demand for oxygen and the company’s proprietary Ion Transport Membrane Oxygen technology. Air Products also is pursuing new opportunities in cogeneration, waste to energy, and biomass combustion.
The company also is a recognized leader in liquefied natural gas equipment, electronic materials for photovoltaics, high-efficiency burner systems for glass and steel manufacturing, performance materials for environmentally friendly coatings and adhesives, and hydrogen fueling infrastructure, with over 120 fueling stations engineered and installed throughout the world.
To learn more about technology solutions and read Air Products’ 2010 CDP response, visit www.airproducts.com/Responsibility/EHS/EnvironmentalProtection/change.htm.
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world. Thousands of organizations across the world’s largest economies now measure and disclose their greenhouse gas emissions and climate change strategies through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 534 institutional investors, with combined assets under management in excess of $64 trillion, as well as purchasing organizations and government bodies and made available for integration into business and policy decision making. For more information visit www.cdproject.net.
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. In fiscal 2009, Air Products had revenues of $8.3 billion, operations in over 40 countries, and 18,900 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.