LEHIGH VALLEY, Pa.,
Feb. 25, 2021 /PRNewswire/ -- Air
Products (NYSE:APD) has been rated as the top climate-aligned
company by Barron's as part of its 2021 Ranking of the Most
Sustainable Companies in America.
Overall, Barron's ranked Air Products 13th on its 100 Most
Sustainable Companies list, up 20 spots from the previous year. Air
Products earned first place as the top company for the
climate-aligned segment of the rankings, which rated companies
for efforts to reduce the impact on the environment throughout
their operations and provide sustainable solutions.
Barron's specifically noted that Air Products, which has
appeared on the Most Sustainable Companies list for three
consecutive years, has committed billions of dollars of capital
toward the largest renewable hydrogen project in history, which
will provide carbon-free hydrogen to the world on a massive scale
in 2025.
"Sustainability is at the heart of what we do. Our industrial
gases, technologies and applications enable customers around the
world to reduce their energy use, lower emissions and increase
productivity," said Seifi Ghasemi,
Air Products' Chairman, President and Chief Executive Officer. "We
are proud to be recognized by Barron's for our sustainability
efforts and solutions but know there is always more work to be
done, which is why Air Products is playing a lead role in
addressing significant energy and environmental challenges through
gasification, carbon capture and hydrogen for mobility solutions
around the world."
One key project designed to address the need for clean energy is
NEOM. Last year, Air Products, in conjunction with ACWA Power and
NEOM, signed an agreement for a $5
billion world-scale green hydrogen-based ammonia production
facility powered by renewable energy. The project, which will be
equally owned by the three partners, will be located in NEOM―a new
model for sustainable living to be located in the northwest corner
of the Kingdom of Saudi Arabia―and will produce green ammonia for
export to global markets. Air Products will be the exclusive
off-taker of the green ammonia and will invest an additional
$2 billion downstream, bringing the
Company's total investment to $3.7
billion. Air Products will transport the green ammonia
around the world to be dissociated to produce green hydrogen for
transportation and other markets.
For its fourth annual list of the most sustainable companies,
Barron's worked with Calvert Research & Management, a top
sustainable investing firm, which analyzed the 1,000 largest
United States (U.S.) publicly held
companies, measured by market capitalization. Each company was
rated in five key stakeholder categories: shareholders, employees,
customers, community and planet.
To further its sustainability efforts, Air Products also
announced a new sustainability goal in 2020 to reduce its
carbon dioxide emissions (CO2) intensity (kg
CO2/MM BTU) by one-third by the year 2030 from a 2015
baseline.
In addition, Air Products also announced a new step toward its
goal of being the most diverse industrial gas company in the world.
To build on its culture of diversity, inclusion and belonging, Air
Products has set goals to further increase the percentage of
females and U.S. minorities in professional and managerial roles.
By 2025, Air Products aims to achieve at least 28 percent female
representation in the professional and managerial population
globally and at least 20 percent minority representation in the
same population in the United
States. These measures are increases from 25 and 17 percent
representation (2020 baseline), respectively.
The Barron's recognition is the latest for Air Products, which
was also recently included in the S&P Global 2020
Sustainability Yearbook and the Corporate Knights' Clean 200
listing for the third year in a row. The Clean 200 was established
in 2016 and ranks the largest publicly listed companies by their
clean energy reviews. Air Products also has been named to the Wall
Street Journal's 100 Most Sustainably Managed Companies list, which
assessed more than 5,500 publicly traded businesses based on
sustainability metrics in areas such as business model and
innovation, external social and product issues, employee and
workplace issues and the environment. In addition, in November, Air
Products was named to the Dow Jones Sustainability North America
Index (DJSI) for the 11th consecutive year. The
2020/2021 DJSI recognition ranks Air Products among the top 20
percent of North American companies in its industry group for
corporate sustainability performance.
Additional information on Air Products' commitment to
sustainability is available on its Sustainability website.
About Air Products
Air Products (NYSE:APD) is a
world-leading industrial gases company in operation for 80 years.
Focused on serving energy, environment and emerging markets, the
Company provides essential industrial gases, related equipment and
applications expertise to customers in dozens of industries,
including refining, chemical, metals, electronics, manufacturing,
and food and beverage. Air Products is also the global leader in
the supply of liquefied natural gas process technology and
equipment. The Company develops, engineers, builds, owns and
operates some of the world's largest industrial gas projects,
including: gasification projects that sustainably convert abundant
natural resources into syngas for the production of high-value
power, fuels and chemicals; carbon capture projects; and
world-scale carbon-free hydrogen projects supporting global
transportation and the energy transition.
The Company had fiscal 2020 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of about $60
billion. More than 19,000 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 airproducts.com or follow us
on LinkedIn, Twitter, Facebook or Instagram.
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 10-K for its
fiscal year ended September 30,
2020.
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SOURCE Air Products