LEHIGH VALLEY, Pa.,
Jan. 16, 2019 /PRNewswire/
-- Air Products (NYSE: APD), A leading global industrial gases
company, today announced that it has been selected for the
2019 Bloomberg Gender-Equality Index (GEI) which distinguishes
companies committed to transparency in gender reporting and
advancing women's equality. The selection to the Bloomberg GEI is
an excellent fit with the goal Air Products has set to be the
safest, most diverse and most profitable industrial gas company in
the world, providing excellent service to customers.
"We took action last year and strategically added "most diverse"
to our company's goal. We continue to make strides toward this
goal, but there is always more work to be done. We recognize this
and are committed to make progress. That said, it is a great
accomplishment to be selected to the Bloomberg GEI and be
recognized for our diversity efforts to this point," said
Seifi Ghasemi, Chairman, President
and Chief Executive Officer at Air Products.
In all 230 companies globally were named to the index, which
doubled in size from 2018 and includes firms from 10 sectors
headquartered across 36 countries and regions. Collectively, these
firms have a combined market capitalization of $9 trillion (USD) and employ more than 15 million
people, of which seven million are women, around the world.
Thirteen markets are represented for the first time this year and
include Argentina, China, Israel
and South Africa.
"We applaud Air Products and the other 229 firms tracked by the
index for their action to measure gender equality through the
Bloomberg GEI framework," said Peter T.
Grauer, Chairman of Bloomberg and Founding Chairman of the
U.S. 30% Club. "Air Products' GEI inclusion is a strong indicator
to its employees, investors and industry peers alike that it is
leading by example to advance ongoing efforts for a truly inclusive
workplace."
Additional details on Air Products diversity and inclusion
efforts around the world can be found
at: www.airproducts.com/Company/about-us/diversity-and-inclusion.aspx.
Bloomberg's standardized reporting framework offers public
companies the opportunity to disclose information on how they
promote gender equality across four separate areas – company
statistics, policies, community engagement and products and
services. Reporting companies that score above a
globally-established threshold, based on the extent of disclosures
and the achievement of best-in-class statistics and policies, are
included in the GEI. Demand for products and services using ESG
(Environmental, Social and Governance) data has seen a significant
increase over the last years, as a growing number of investors are
looking to incorporate environmental, social and governance data
into their investment decisions. Still, currently only 10% of
eligible companies are disclosing their workplace gender policies
and practices.
The Bloomberg gender reporting framework is voluntary and has no
associated costs. The GEI is a reference index. All public
companies can submit data to Bloomberg. Those with a security
listed on a U.S. exchange and a market capitalization of
$1 billion (USD) or greater are
eligible for index inclusion. For more information on the GEI and
how to submit information for next year's index visit:
https://www.bloomberg.com/professional/solution/gender-equality-index/
Bloomberg subscribers can access the GEI at {BGEI Index DES
<GO>}. Terminal users will have access to the fully updated
index on Friday, January 18,
2019.
About Air Products
Air Products (NYSE: APD) is a world-leading Industrial Gases
company in operation for over 75 years. The Company provides
industrial gases and related equipment to dozens of industries,
including refining, chemical, metals, electronics, manufacturing,
and food and beverage. Air Products is also the world's leading
supplier of liquefied natural gas process technology and
equipment.
The Company had fiscal 2018 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $35
billion. Approximately 16,000 passionate, talented and
committed employees from diverse backgrounds are driven by Air
Products' higher purpose to create innovative solutions that
benefit the environment, enhance sustainability and address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com.
About Bloomberg:
Bloomberg, the global business and financial information and
news leader, gives influential decision makers a critical edge by
connecting them to a dynamic network of information, people and
ideas. The company's strength – delivering data, news and analytics
through innovative technology, quickly and accurately – is at the
core of the Bloomberg Terminal. Bloomberg's enterprise solutions
build on the company's core strength: leveraging technology to
allow customers to access, integrate, distribute and manage data
and information across organizations more efficiently and
effectively. For more information, visit www.bloomberg.com or
request a demo.
NOTE: This release may contain forward-looking statements
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on management's reasonable expectations and assumptions as of
the date of this release regarding important risk factors. Actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors not anticipated by management,
including risk factors described in the company's Form 10K for its
fiscal year ended September 30,
2018.
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SOURCE Air Products