LEHIGH
VALLEY, Pa., July 15,
2024 /PRNewswire/ -- Air Products (NYSE: APD), a
leading global industrial gases company and world-leader in
hydrogen supply, has been awarded an 'A' rating on MSCI's
environmental, social and governance (ESG) Ratings.
The 'A' rating by MSCI was based on Air Products' improvements
in its carbon management strategy, including carbon capture
efforts, its announced goal to reach net-zero carbon emissions from
operations by 2050, and other sustainability initiatives. In its
review, MSCI rated Air Products an ESG leader in its industry in
two categories: clean tech, and safety and health.
"Sustainability is at the heart of everything we do at Air
Products. We believe we have a critical role to play in addressing
the significant sustainability and environmental challenges facing
our world, and that is why Air Products has committed to invest
$15 billion in first-mover,
world-scale clean energy projects to accelerate the energy
transition," said Seifi Ghasemi, Air
Products' Chairman, President and CEO. "We are pleased with this
rating from MSCI and will continue to work hard every day to
provide excellent service to our customers and innovate solutions
while generating a cleaner future."
MSCI ESG Ratings measure a company's management of financially
relevant ESG risks and opportunities. MSCI uses a rules-based
methodology to identify industry leaders and laggards according to
their exposure to ESG risks and how well a company manages those
risks relative to peers.
The MSCI rating is the latest recognition for Air Products' ESG
efforts. Earlier this year, Air Products was again included on
Barron's 100 Most Sustainable Companies List. Recently, Air
Products was listed in S&P Global's Sustainability Yearbook for
2024 for the 12th time. Air Products also was recognized
by Newsweek as one of America's Greatest Workplaces for
Diversity in 2024.
To learn more about Air Products' efforts, achievements and
sustainability goals, visit Air Products' Sustainability
website.
About Air Products
Air Products (NYSE: APD) is a world-leading industrial gases
company in operation for over 80 years focused on serving energy,
environmental, and emerging markets. The Company has two growth
pillars driven by sustainability. Air Products' base business
provides essential industrial gases, related equipment and
applications expertise to customers in dozens of industries,
including refining, chemicals, metals, electronics, manufacturing,
and food. The Company also develops, engineers, builds, owns and
operates some of the world's largest clean hydrogen projects
supporting the transition to low- and zero-carbon energy in the
heavy-duty transportation and industrial sectors.
Additionally, Air Products is the world leader in the supply of
liquefied natural gas process technology and equipment, and
provides turbomachinery, membrane systems and cryogenic containers
globally.
The Company had fiscal 2023 sales of $12.6 billion from operations in
approximately 50 countries and has a current market capitalization
of over $50 billion. Approximately
23,000 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 reimagine what's possible to address the
challenges facing customers, communities, and the world. For more
information, visit www.airproducts.com or follow us on
LinkedIn, X, 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 the risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2023 and other
factors disclosed in our filings with the Securities and Exchange
Commission. 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