APD Air Products and Chemicals Inc

Air Products Ranked Leading Chemical Company in Carbon Disclosure Project's Climate Leadership Index LEHIGH VALLEY, Pa., June 30 /PRNewswire-FirstCall/ -- A report published by a consortium of some of the world's largest pension funds and institutional money holders has identified Air Products (NYSE:APD) as a leader based on responses provided to its climate-change challenge. The Carbon Disclosure Project (CDP) is a group of 95 global institutional investors who manage more than $10 trillion in assets - an amount roughly equal in current dollar terms to the 2003 US Gross Domestic Product. At the end of last year, the CDP sent a survey to the FT500 Global Index of companies, asking them to disclose investment-relevant information on risks and opportunities related to climate change. Innovest Strategic Value Advisors - an internationally recognized investment research and advisory firm that specializes in analyzing companies' environmental, social and strategic governance performance - compiled the latest CDP results report, which is accessible at http://www.cdproject.net/. Air Products was one of 50 companies whose responses "best addressed the breadth of climate change issues." According to the CDP, climate change can impact shareholder value both positively and negatively, making it important for companies to actively communicate so investors can more readily assess and evaluate the issue. "We are very pleased to be counted among the top 10 percent of FT500 companies in the CDP's report and ranked as the leading chemical company within their prestigious Climate Leadership Index," said John Jones, chairman and chief executive officer. Andy Casale, head of Air Products' Greenhouse Gas (GHG) Strategy Team, which serves as the company's center of excellence for GHG issues, believes climate change will increase demand for technologies that produce cleaner energy and improve energy efficiency. "Air Products has built a reputation as a worldwide leader in the development and supply of these innovative technologies, and in the efficient use of power and natural gas. So it's no surprise that climate change concerns are already providing numerous business opportunities for us to help customers achieve significant environmental benefits," he said. To view the full text of this announcement, please visit Air Products' online Press Room at http://www.airproducts.com/PressRoom/CompanyNews/Archived/2004/04211_30Jun04.htm. ***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations. DATASOURCE: Air Products CONTACT: Media Inquiries: Katie McDonald, +1-610-481-4673, e-mail: ; or Investor Inquiries: Alex Masetti, +1-610-481-7461, e-mail: , both of Air Products Web site: http://www.cdproject.net/ Web site: http://www.airproducts.com/

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