LEHIGH VALLEY, Pa., Sept. 15, 2011 /PRNewswire/ -- Air Products (NYSE: APD), a leading global supplier of gases, materials, technology and equipment solutions, is one of 23 companies worldwide and one of four U.S.-based firms to be named to the Carbon Disclosure Project's (CDP) Global Disclosure and Performance Leadership Indexes for 2011.
Representing 551 institutional investors with $71 trillion in assets under management, the CDP holds the largest database of corporate climate change information in the world. Its Carbon Disclosure Leadership Index comprises the top 52 Global 500 Index companies for climate change disclosure practices, while its Carbon Performance Leadership Index comprises 29 companies which have demonstrated a strong commitment to strategy, governance, and stakeholder communications and emissions reduction in their CDP responses.
Some 3,000 organizations across the world's largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity via the CDP's annual questionnaire.
"We are very proud to be recognized by CDP as a leader in carbon disclosure and management," said John E. McGlade, chairman, president and chief executive officer of Air Products. "Just as we've set strong revenue, margin and return on capital goals for 2015, we're pursuing an aggressive target to reduce energy use and greenhouse gas emissions at our large air separation units and hydrogen facilities by that same year. As we drive these efficiencies in our own operations, we continue to do the same for our customers, who have come to rely on our solutions and applications expertise to improve their productivity and reduce their footprint."
Today, Air Products is the world's leading supplier of hydrogen for processing cleaner burning transportation fuels and hydrogen infrastructure and fueling technology, with more than 130 fueling stations in 19 countries. The company is also known for its leadership supplying liquefied natural gas technology and equipment; electronic gases and materials for chips, displays and photovoltaics; high-efficiency burner systems for glass and steel manufacturing; and performance materials for environmentally friendly coatings and adhesives. Air Products also plays a key role supplying proprietary carbon capture technology for some of largest capture and storage demonstration projects in the world. To learn more, visit www.airproducts.com/company/Sustainability.aspx.
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.
SOURCE Air Products