LEHIGH VALLEY, Pa., Sept. 21, 2011 /PRNewswire/ -- Following its inclusion on the Carbon Disclosure Project's (CDP) Global 500 Carbon Disclosure Leadership Index (CDLI) and Performance Leadership Index (CPLI), Air Products (NYSE: APD) also has been named a constituent of CDP's S&P 500 CDLI and CPLI for 2011.
Representing 551 institutional investors with $71 trillion in assets under management, CDP holds the largest database of corporate climate change information in the world. Air Products scored 92 out of a possible 100 in the S&P 500 CDLI and is one of 11 S&P 500 Index firms recognized in the CPLI for climate change disclosure, commitment to strategy, governance, stakeholder communications and emissions reduction.
The new S&P 500 ranking follows Air Products' inclusion in the Global 500 CDLI and as one of 29 companies named in the Global 500 CPLI, as announced last week.
John E. McGlade, chairman, president and chief executive officer of Air Products, was quoted in the CDP's news release, saying, "We are honored to be ranked by CDP among the top tier companies on its Carbon Disclosure and Performance Leadership Indexes and recognized for our commitment to climate change policy disclosure, strategy development, and our energy and emissions reduction programs. The carbon management practices highlighted by the CDP Leadership Indexes have helped Air Products lay a strong foundation for our broader sustainability efforts."
Air Products has participated in the CDP's information requests since 2003. As a subset of the company's Sustainability Council, Air Products' Greenhouse Gas Strategy Team serves as its companywide center of excellence on climate change and leads Air Products' efforts to explore new markets and technologies. Research and development efforts include partnering with appropriate government agencies and industry consortiums around the world to advance new solutions and technologies for energy efficiency and carbon capture. To learn more, visit www.airproducts.com/company/Sustainability.
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. Some 3,000 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 551 institutional investors, holding US$71 trillion in assets. 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 2010, Air Products had revenues of $9 billion, operations in over 40 countries, and 18,300 employees around the globe. For more information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company's Form 10K for its fiscal year ended September 30, 2010.
For 2011, the S&P 500 Carbon Disclosure Leadership Index comprises 55 companies from the S&P 500 Index based on analysis of the responses to CDP's questionnaire, which focused on greenhouse gas emissions, emissions reduction targets, and risks and opportunities associated with climate change. The S&P 500 Carbon Performance Leadership Index includes 11 companies from the S&P 500 Index and highlights those companies within the S&P 500 Index which have demonstrated a strong commitment to strategy, governance, stakeholder communications and emissions reduction in their CDP responses.
SOURCE Air Products