Air Liquide has been awarded a Gold medal for its sustainability performance from EcoVadis, the leading provider of business sustainability ratings, for the sixth year running.

EcoVadis placed Air Liquide in the top 3% of all companies evaluated.

EcoVadis’ methodology covers seven management indicators, 21 sustainability criteria, and four themes: Environment, Labour & Human Rights, Ethics, and Sustainable Procurement.

The rating is based on leading standards, such as Global Reporting Initiative (GRI), United Nations Global Compact (UNGC), and ISO 26000, and is supervised by an international scientific committee, and assesses company policies, actions and results, as well as inputs from third-party professionals and external stakeholders.

Air Liquide - which employs 64,500 people across 78 countries - has long been integrating sustainability in its strategy through its contributions to Environment, Social and Governance (ESG) actions and commitments across its organisation.

In March 2021, it unveiled ambitious Sustainable Development objectives in the framework of ACT, which covers three main priorities: Abatement of CO2 emissions, both direct and indirect, with an aim to reach carbon neutrality by 2050 while supporting its customers in their decarbonisation process; caring for patients around the world along with contributing to a more efficient healthcare system; and being a trusted partner to fully engage employees and to build and maintain a best-in-class governance.

Taking it one step further, in March this year Air Liquide announced its new 2025 strategic plan, ADVANCE, which inseparably links performance and sustainable future.

Air Liquide develops close relationships and dialogue with all its local stakeholders, whether communities, international institutions, NGOs, associations or authorities. In particular, the Air Liquide Foundation acts for the advancement of science, through support to fundamental medical and environmental research.

Air Liquide is aiming for a 33% drop in CO2 emissions, in absolute value, by 2035, and targeting carbon neutrality by 2050.

Its hydrogen revenues are projected to triple in size to more than €6bn by 2035, and it plans to invest €8bn in developing a low carbon hydrogen supply chain. 

New case studies from the World Economic Forum show how comprehensive environmental, social and corporate governance (ESG) reporting has started to drive corporate transformation around the world, particularly in sustainability efforts and company culture. 

But despite some progress, companies are still struggling with competing and disparate ESG frameworks around the world.

”As regulators begin to roll out mandatory ESG reporting across regions, alignment will be key to ensuring that the clarity and efficacy of ESG reporting continues to improve globally,” it states.