LEHIGH VALLEY, Pa., Nov. 2, 2015 /PRNewswire/ -- Air Products (NYSE: APD) has published its latest Sustainability Report, reporting its economic, environmental and social performance according to the Global Reporting Initiative (GRI) 3.1 Guidelines.
GRI, which provides the world's most widely used standards on sustainability reporting and disclosure, confirmed that the report was prepared at Application Level A+. The Report details the company's 2014 performance aligned to its Grow • Conserve • Care approach to sustainability management.
"Much has changed over our 75 years of operation, but what hasn't changed are the core values of Air Products, including our commitment to sustainability," said Chairman, President and CEO Seifi Ghasemi. "By improving our customers' operations while working to improve our own, we drive our profitability and advance our mission to create value for our shareholders."
- Grow: More than 50 percent of Air Products' prior-year revenues were from improving customers' energy efficiency and emissions, and about half of the company's R&D budget was applied toward environmental and energy innovations. Air Products supplies gases and applications technology to dozens of industries, with technology ranging from oxyfuel burners, to steam methane reforming, to liquefied natural gas process equipment.
- Conserve: With more than 750 Air Products production facilities around the world, the company designs its plants and manages its operations to continually improve its operating efficiencies. As a result, the company has met nearly all of it environmental sustainability goals to reduce energy consumption, greenhouse gases, water use, hazardous waste, and other emissions. The company has also avoided over $450 million in cumulative energy and water costs since 2007 due to these improvements.
- Care: The company is striving for zero accidents and zero incidents, tied to its goal of becoming the safest and most profitable industrial gas company in the world, providing excellent service to customers. Air Products' social responsibility approach also includes employee development, community engagement, supplier relationship management, and governance practices.
Recognized for Sustainability Leadership
Air Products continues to be recognized for its sustainability commitment and practices, including being named to the 2015/2016 Dow Jones Sustainability North America Index, the 2015/2016 STOXX® Global ESG Leaders Indices, the Ethibel Excellence Global Sustainability Index and Pioneer and Excellence Registers for 2015, and one of the 100 Best Corporate Citizens List for CR Magazine for 2015, among others. Access the company's latest GRI report and more information about sustainability on Air Products' sustainability web site.
About Air Products
Air Products (NYSE: APD) is a world-leading Industrial Gases company celebrating 75 years of operation. The company's core Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment. The company's Materials Technologies business, which Air Products intends to spin-off by September 2016, serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries.
The company had fiscal 2015 sales of $9.9 billion and was ranked number 284 on the Fortune 500 annual list of public companies. Approximately 20,000 employees in 50 countries strive to make Air Products the world's safest and best performing Industrial Gases company, providing sustainable offerings and excellent service to all customers. 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, 2014.
SOURCE Air Products