LEHIGH VALLEY, Pa., Nov. 30, 2016 /PRNewswire/ -- Air Products (NYSE: APD) has published its latest Sustainability Report, providing stakeholders with economic, environmental and social performance data in accordance with Global Reporting Initiative (GRI) G4 guidelines. The full Report is available at https://goo.gl/aVTtC4.
"I am very pleased to report that Air Products exceeded nearly all of its 2015 environmental Sustainability goals. This noteworthy achievement is a credit to our employees, to our company, and is a true display of our commitment to Sustainability, as this was attained during a time of the most significant company changes in Air Products' 75-year history," said Seifi Ghasemi, chairman, president and CEO at Air Products.
"During the time period in which the 2015 Sustainability goals were achieved, $700 million in cumulative energy and water costs were avoided. Sustainability contributes to our economic soundness, which in turn enables us to support our sustainability objectives, including improving our operational efficiencies while helping our customers do the same. We must continue to strive to improve our sustainability performance at all times and have established new goals to be met in 2020," Ghasemi said.
The Report details the company's performance aligned to its "Grow," "Conserve," and "Care" approach to sustainability management, as well as the newly established goals to be achieved by 2020. Some of the highlights of the new 2020 goals are:
- Lead the Industrial Gas industry in profitability and contribute greater than 50 percent of revenues from offerings that improve energy efficiency, lower emissions, and meet societal needs.
- Save energy, reduce greenhouse gas emissions, conserve water, and effectively manage hazardous waste.
- Lead the Industrial Gas industry in safety, build a diverse and inclusive workforce, ensure ethical behaviors and compliance, and measure the positive impacts of employee and community engagement efforts.
The report also lists Air Products' continued external recognition from third parties for its sustainability commitment and practices. 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 in operation for over 75 years. 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 Performance Materials Division serves the polyurethanes, cleaning and coatings, and adhesives industries.
The Company had fiscal 2016 sales of $9.5 billion and has a current market capitalization of approximately $30 billion. Approximately 17,000 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, 2016.
SOURCE Air Products