Praxair Inc. has again been recognised as a leader in environmental, social and governance (ESG) practices by STOXX Ltd., a global index provider.
The STOXX Global ESG Leaders index is made up of a series of ESG indices, which are based on sustainability data provided by Sustainalytics, a global provider of ESG research and analysis serving the responsible investment and socially responsible investment markets. Praxair was selected for the STOXX Global ESG Leaders Index, Global ESG Governance Leaders Index and North America ESG Leaders 50, for the seventh consecutive year.
Praxair Chief Sustainability Officer, Dr. Riva Krut, said, “Praxair Is committed to our core values of environmental, governance and social sustainability throughout our business globally.” He continued, “Our employees are leading the way, ensuring best practices in ESG are followed each day in our operations. Sustainable development is integrated in the way we do business at Praxair and this latest recognition highlights the hard work of all of our people.”
Praxair has been widely recognised for its efforts supporting global sustainable developments, including being named to the 2016 World Dow Jones Sustainability Indices for the 14th consecutive year and also being named a 2017 World’s Most Ethical Company by the Ethispere Institute.
The potential Praxair-Linde merger may not affect the Asian market on the same scale as in European and North American markets. However, there are a few regions where anti-trust authorities could impose divestments onto the newly combined company.
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