LEHIGH VALLEY, Pa.,
Nov. 16, 2021 /PRNewswire/
-- Air Products (NYSE: APD) is not resting on its success in
achieving a publicly-stated 2025 goal for minority representation
in its professional and managerial population in the United States. Continuing its pursuit to
become the most diverse industrial gas company in the world, Air
Products has set a new goal to further increase the percentage of
U.S. minorities in these roles by 2025.
In October 2020, Air Products
announced it wanted to achieve at least 20 percent minority
representation from a 17 percent base level in its U.S.
professional and managerial population by 2025. Having already
reached this objective in 2021, Air Products' new goal is to
achieve 30 percent minority representation in these U.S. roles by
2025.
"We are very pleased to have met our initial goal for U.S.
minorities in the targeted roles. We realize there is more work to
do in order to achieve our aspirations, so we are setting this new,
ambitious goal of 30 percent by 2025. We had tremendous success in
our overall minority hiring rate for this targeted population, and
many of those hires were at the manager level, thus creating
further momentum in our diversity strategy," said Victoria Brifo, senior vice president and chief
human resources officer at Air Products.
Also in October 2020, Air Products
announced a goal to achieve at least 28 percent
female representation in its professional and managerial
population globally by 2025, from a 25 percent baseline
representation at the time of the announcement.
"Our 2025 global female representation target of 28 percent is
an exciting and challenging goal for our growing company. We made
some incremental progress this year, and we continue to take
strategic actions to see our global female representation target
realized," said Brifo.
Ongoing actions and practices integral to meeting the company's
diversity goals include:
- Talent acquisition transformation practices and policies to
drive standardization and increase hiring of diverse
candidates.
- Additional Diversity, Inclusion and Belonging culture efforts,
including hosting Air Products' Day of Understanding/Week of
Inclusion in which over 5,000 employees participated.
- Refining its talent and diversity giving strategy, The Air
Products Foundation is partnering with organizations that directly
drive diverse representation in the broader chemical and
manufacturing industries.
"We are pleased with what we accomplished in the last year but
are excited to expand and grow our efforts in 2022. We are
committed to building our strong, inclusive culture where all
employees know they belong and matter," added Brifo.
With a broad operating scope and growing cultural landscape of
more than 20,000 employees in over 50 countries, Air Products
established its diversity targets following analysis of its global
employee representation metrics and future talent needs, as well as
assessing industry benchmarks and peer companies.
Air Products will continue to report progress towards these
goals. In its 2020 Sustainability Report for the first time,
Air Products published 2019 metrics on the representation of U.S.
minorities and added additional metrics for females in executive
roles.
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 2021 sales of $10.3 billion from operations in over 50
countries and has a current market capitalization of over
$65 billion. More than 20,000
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 or follow us on LinkedIn, Twitter,
Facebook or Instagram.
Cautionary Note Regarding Forward-Looking
Statements: This release contains "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 expectations
and assumptions as of the date of this release and are not
guarantees of future performance. While forward-looking
statements are made in good faith and based on assumptions,
expectations and projections that management believes are
reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2020.
Except as required by law, we disclaim any obligation or
undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.
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SOURCE Air Products