Praxair was named to the 2014 CDP S&P 500 Climate Disclosure Leadership Index (CDLI) for the seventh consecutive year, one of only three companies on the Standard & Poor’s 500 Index (S&P 500) to achieve this distinction.
Praxair received a perfect score of 100 on the CDLI, the only company in the Materials sector to do so. The ranking recognises the company’s long-standing global commitment to growth through resource productivity and environmental innovation.
“We are proud to once again secure a place on this important index,” said Praxair Chief Sustainability Officer Dr. Riva Krut. “At Praxair, our mission of making our planet more productive challenges us each day to develop technology, products and services that help sustain and protect our planet. Our employees worldwide are focused on this approach and the environmental and social benefits it delivers to our customers and our communities.”
CDP, formerly the Carbon Disclosure Project, is an international, not-for-profit organisation that provides the world’s only global environmental disclosure system for measuring the quality and completeness of a company’s carbon management reporting. The annual index spotlights companies listed on the S&P 500 that have demonstrated a high level of transparency and data quality in their disclosure of climate-related information. Sixty-three S&P 500 companies are featured in the 2014 CDLI.
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 kW hours of electricity.
Praxair has a long history of commitment to sustainable development. The company was recently named to the Dow Jones Sustainability Indices for the 12th consecutive year and Newsweek ranked Praxair No. 30 in the US 500 and No. 52 in the 2014 Global 500 Newsweek Green Rankings. Additionally, the company was named in CR Magazine’s 100 Best Corporate Citizens list.