Both Air Products and Praxair have announced being recognised on the Dow Jones sustainability index - joining the Linde Group.
Air Products has again achieved a leadership position among the top 10% of companies in its industry as a component of the Dow Jones Sustainability World Index (DJSI) 2014/2015, a gold standard benchmark for corporate sustainability performance.
Air Products also is a component of the Dow Jones Sustainability North America Index, which places it among the top 20% of companies in its industry in North America.
RobecoSAM and the S&P Dow Jones Indices evaluate the economic, environmental, social and governance practices of the largest 2,500 publicly traded companies annually. Based on an assessment of criteria that accounts for general as well as industry-specific sustainability trends, companies best equipped to manage sustainability opportunities and risks are then selected for inclusion.
“We are honored that Air Products has been recognized for sustainability leadership, an important component in creating shareholder value,” said Seifi Ghasemi, Chairman, President and Chief Executive Officer of Air Products. “We are committed to improving our own operations, supporting our communities, and enabling customers to produce more while using less.”
In addition to the DJSI Indices, Air Products remains a component of other international sustainability indices and is recognized for its sustainability practices and achievements around the globe.
Praxair was also again named to the DJSI in recognition of the company’s long-standing commitment to global sustainable development. Praxair is the only US-based company in the chemical sector to be selected for the DJSI for 12 consecutive years.
“We are proud to have been named once again to these important global indices,” said Praxair Chief Sustainability Officer Dr. Riva Krut. “Sustainable development is integral to our business strategy. We grow our business by driving innovation that helps our customers to reduce waste, improve water and air quality, and remove sulphur dioxide from vehicle emissions. Additionally, sustainable development is improving operating margins through lower overall resource consumption. Praxair’s inclusion in these indices recognises the extraordinary commitment and hard work of our employees who are making our planet more productive.”
Praxair helps customers worldwide improve their environmental performance and reduce their carbon footprint, while also reducing the company’s own environmental resource intensity. In 2013, Praxair’s eco-portfolio represented 27% of sales. The company’s applications enabled customers to avoid 38 million MT CO2 equivalent, more than twice as much CO2 as was generated in all Praxair operations. Sustainable productivity savings, such as reductions in the use of energy, fuel, and water, contributed 25% of total productivity benefits. In addition, employees worked on more than 1,800 projects in 2013 that saved 225 million gallons of water and 800 million kilowatt-hours of electricity.