LEHIGH VALLEY, Pa., Jan. 26 /PRNewswire-FirstCall/ -- Air Products (NYSE: APD) today was named a Maplecroft Climate Innovation Indexes (CIIs) Leader, ranking 17th out of the 300 largest U.S. companies evaluated for their climate-related innovation and carbon management programs.
The Maplecroft CIIs, calculated by Bloomberg and based upon evaluations by country and corporate risk intelligence firm Maplecroft, identify companies that embed innovation into their operations to better operate in changing policy environments, deal with increased investor scrutiny regarding future growth, and adapt to the physical impacts of climate change throughout their value chains. The new Maplecroft CIIs were officially launched today and presented at Bloomberg LP in London.
According to Maplecroft CEO Professor Alyson Warhurst, the Maplecroft CIIs are designed to "empower investors to identify and direct capital toward companies that are both developing climate-solutions and delivering sustained economic growth."
Pat Loughlin, vice president, Environment, Health, Safety and Quality and chair of Air Products' Sustainability Council, said, "We are honored to be recognized as a leader by Maplecroft for our financial performance and innovation toward addressing climate change risks and opportunities. We believe the challenge of mitigating greenhouse gases (GHGs) must be addressed through a diverse mix of technology solutions, and we are responding with offerings that help produce cleaner fuels, facilitate alternate fuel source development, encourage solar and other renewable energy production, and improve overall energy efficiency for ourselves and our customers."
Air Products is currently working on several preeminent carbon capture and storage demonstration projects around the world; is one of the few companies capable of supplying massive-scale oxygen plants for oil and coal gasification and gas-to-liquids projects; is developing proprietary ceramic ion transport membrane technology to enable more economical and energy-efficient oxygen production; is the leading global supplier of advanced natural gas liquefaction equipment; supplies more than 60 photovoltaic (PV) manufacturers with high-purity process gases and cleaning agents for the latest generation of PV solar energy cells; and has a global hydrogen fueling and infrastructure position that now includes more than 110 fueling stations in 16 countries. For more information about these GHG-mitigating solutions and other sustainable technology offerings, visit www.airproducts.com/Responsibility/CustomersAndSustainability/SustainableOfferings.htm.
To view Maplecroft's full methodology, rating tool and results for all companies in the Maplecroft CII family, visit www.maplecroft.com or access the information through Bloomberg terminals [MAPL ].
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 contains forward-looking statements. Actual results could vary materially, due to changes in current expectations, including the impact of new or changed environmental or other legislation and regulations, the impact of competitive products and pricing, lack of successful development or market acceptance of new products and applications, or third parties obtaining and using information that the Company regards as proprietary.
In September 2009, the Carbon Disclosure Project named Air Products to its S&P500 Leadership Index for 2009. More at www.airproducts.com/PressRoom/CompanyNews/Archived/2009/22Sep2009a.htm.
SOURCE Air Products