Air Products 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+.

It details the company’s 2014 performance aligned to its Grow-Conserve-Care approach to sustainability management.

In terms of growth, more than 50% of Air Products’ prior-year revenues were derived from improving customers’ energy efficiency and emissions; and around half of the company’s R&D budget was applied toward environmental and energy innovations.

In conservation, 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 $450m in cumulative energy and water costs since 2007 due to these improvements.

Finally, regarding care, Air Products strives 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.

All of which underpin the company’s core values, as Chairmna, President and CEO Seifi Ghasemi explained, “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.”

“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.”

Air Products continues to be recognised for its sustainability commitment and practices, including being named to the 2015/2016 Dow Jones Sustainability North America Index.