Both Praxair and Air Products feature on the CDP™ Global 500 Climate Disclosure Leadership Index ranking among the top 10% scoring companies demonstrating levels of commitment to, and experience with, climate disclosure.
Representing 722 institutional investors with $87 trillion in assets, CDP holds the largest collection globally of primary corporate climate change and water data. This annual index, compiled by PwC on behalf of CDP, highlights those companies listed on the FTSE Global Equity Index Series (Global 500) that have displayed a strong approach to the disclosure of information regarding climate change. Companies are scored out of 100 on the completeness and standard of their submissions. “It is an honour to be recognised by CDP again this year for our commitment and leadership in climate change disclosure,” said Guillermo Novo, senior vice president and general manager, Electronics, Performance Materials, Strategy and Technology, and executive champion of the Sustainability Council.
“As we demonstrate progress toward our own GHG and energy reduction goals, we continue to explore new markets and opportunities where our expertise in technology and products brings cost-effective solutions to improve our customers’ productivity, and reduce their overall supply-chain environmental impact.”
Praxair was also on the list.
“We are proud to once again have been named to these important global indices,” said Praxair Chairman and Chief Executive Officer Steve Angel. “Our sustainable development program and the quality and transparency of our environmental reporting are integral to our business strategy. Our inclusion in these indices recognises the extraordinary commitment and hard work of our employees who are creating significant environmental benefits and business value for Praxair, our customers and our communities. Through our employees’ efforts we are making our planet more productive.”
Praxair is the only US-based company in the chemical sector to be selected for the DJSI for 11 consecutive years. DJSI selections are based on an in-depth analysis of a company’s economic, environmental and social practices including climate strategy, corporate governance, risk management, innovation, supply-chain standards and labour practices. Emphasis is also placed on industry-specific risks and opportunities. Praxair’s global sustainable development program helps customers worldwide improve their environmental performance and carbon footprint and reduces Praxair’s own environmental resource intensity.
The program is also driving productivity savings across the company and in 2012 sustainable productivity savings related to reductions in energy, fuel, water or waste contributed 25% of total productivity benefits. Employees worked on more than 1,750 projects in 2012 that saved 300 million gallons of water, 800 million kilowatt-hours of electricity and approximately 500,000 metric tonnes of CO2. Praxair is one of only 60 companies worldwide recognised by CDP, an international, not-for-profit organisation that provides the world’s only global environmental disclosure system, for the quality and completeness of its carbon management reporting.
In addition, Praxair is one of only four companies selected for the global index for six consecutive years. Praxair’s CDLI disclosure score of 98 (out of 100), illustrates Praxair’s world-class commitment to setting and achieving its aggressive greenhouse gas emissions goals.
Linde AG has been listed again in the Dow Jones Sustainability World Index. The analysts at RobecoSAM have thereby acknowledged the continuous improvement in the sustainability performance of the technology group. RobecoSAM is an independent service-provider which specialises in evaluating sustainable investment decisions. This year, RobecoSAM commended Linde particularly for its activities in the areas of compliance, environmental management systems, risk management and crisis management.
“Our business model focuses specifically on sustainability and global megatrends. We are delighted that this strategy has also been recognised by independent experts,” said Professor Dr Wolfgang Reitzle, Chief Executive Officer of Linde AG. “When developing and evolving our technologies, we ask ourselves how we can contribute to environmental protection and even more efficient use of valuable natural resources – looking at opportunities both within our company and with our customers.”