LEHIGH VALLEY, Pa.,
Sept. 21 /PRNewswire/ -- The Carbon
Disclosure Project (CDP) has recognized Air Products' (NYSE: APD)
approach to climate change disclosure and again named the company
to its S&P 500 Carbon Disclosure Leadership Index for
2010.
Representing 534 institutional investors with $64 trillion in assets under management, the CDP
holds the largest database of corporate climate change information
in the world. Its Leadership Index, compiled by
PricewaterhouseCoopers (PwC) on behalf of CDP, highlights the
constituent companies displaying the most comprehensive approach to
corporate governance in climate change disclosure practices.
As a constituent of the S&P 500 Index, Air Products is among
the top 10 percent of U.S. leaders in carbon disclosure. The CDP
conducted an analysis of responses to its questionnaire, which
focused on greenhouse gas emissions, reduction targets, and risks
and opportunities associated with climate change. All told, more
than 4,700 companies were invited to participate and disclose their
climate change strategies.
John E. McGlade, Air Products'
chairman, president and chief executive officer, said, "We are
honored to be included again in the CDP's S&P 500 Leadership
Index. We pride ourselves on operational efficiency in every aspect
of our plants and have set aggressive reduction goals for energy
and greenhouse gases. There is an ever-increasing need for the
energy and environmental technology solutions we provide our
customers today, as well as those in development. We continue to
work closely with them to improve product quality and efficiencies
in their manufacturing processes, while helping lower their carbon
footprints."
For example, Air Products enables cleaner transportation fuels,
facilitates alternate fuel source development, and is developing a
portfolio of technologies that captures carbon dioxide from power
and chemical plants before it reaches the atmosphere. In addition,
the potential demand for carbon capture solutions could increase
demand for oxygen and the company's proprietary Ion Transport
Membrane Oxygen technology. Air Products also is pursuing new
opportunities in cogeneration, waste to energy, and biomass
combustion.
The company also is a recognized leader in liquefied natural gas
equipment, electronic materials for photovoltaics, high-efficiency
burner systems for glass and steel manufacturing, performance
materials for environmentally friendly coatings and adhesives, and
hydrogen fueling infrastructure, with over 120 fueling stations
engineered and installed throughout the world.
To learn more about technology solutions and read Air Products'
2010 CDP response, visit
www.airproducts.com/Responsibility/EHS/EnvironmentalProtection/change.htm.
About CDP
The Carbon Disclosure Project (CDP) is an independent
not-for-profit organization holding the largest database of primary
corporate climate change information in the world. Thousands of
organizations across the world's largest economies now measure and
disclose their greenhouse gas emissions and climate change
strategies through CDP, in order that they can set reduction
targets and make performance improvements. This data is gathered on
behalf of 534 institutional investors, with combined assets under
management in excess of $64 trillion,
as well as purchasing organizations and government bodies and made
available for integration into business and policy decision making.
For more information visit www.cdproject.net
About Air Products
Air Products (NYSE: APD) serves customers in industrial, energy,
technology and healthcare markets worldwide with a unique portfolio
of atmospheric gases, process and specialty gases, performance
materials, and equipment and services. Founded in 1940, Air
Products has built leading positions in key growth markets such as
semiconductor materials, refinery hydrogen, home healthcare
services, natural gas liquefaction, and advanced coatings and
adhesives. The company is recognized for its innovative culture,
operational excellence and commitment to safety and the
environment. In fiscal 2009, Air Products had revenues of
$8.3 billion, operations in over 40
countries, and 18,900 employees around the globe. For more
information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements.
Actual results could vary materially, due to changes in current
expectations.
SOURCE Air Products
Copyright . 21 PR Newswire