Industrial gas giant Air Products has released its latest Sustainability Report which reveals the company exceeded nearly all its 2015 environmental sustainability goals.
The report details the company’s performance aligned to its ‘Grow, Conserve and Care’ approach to sustainability management; aiming to grow through sustainability-driven opportunities, conserve resources and reduce its environmental footprint through cost-effective improvements, and care for its employees, customers and communities to channel operation and growth.
According to the report, Air Products delivered 55% of all revenues from sustainable offerings and saved $630m in cumulative energy costs in fiscal year 2015. The company also pumped $139m into research and development (R&D) spending.
The Report also revealed that Air Products saved 22 billion gallons of water, recorded a 14% reduction in greenhouse gas emissions intensity and posted an 8% improvement in air separation unit (ASU) energy efficiency, over the entire period of the environmental goal from 2007-2015. It also reduced overall particulate emissions from its US distribution fleet by 97%.
The report also outlined newly established goals to be met by 2020, with a major highlight on contributing more than 50% of revenues from offerings that improve energy efficiency, lower emissions and meets societal needs in this time period. Air Products said it also aims to save energy, reduce greenhouse gas emissions, conserve water and effectively manage hazardous waste.
Seifi Ghasemi, Chairman, President and CEO of Air Products, praised the corporation’s employees for their contribution to the success and said it was 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.”
The Sustainability Report provides stakeholders with economic, environmental and social performance data in accordance with Global Reporting Initiative (GRI) G4 guidelines.