LEHIGH VALLEY, Pa., June 15, 2020 /PRNewswire/ -- Air Products published its 2020 Sustainability Report today. The report provides the Company's stakeholders with economic, environmental and social performance data from the prior year, in accordance with the Global Reporting Initiative (GRI) standards "Core" option.
"Our world faces serious and unprecedented challenges. From racial injustice to the COVID-19 pandemic, we must all stand together for the fundamental right of every person to be treated with dignity and respect," said Seifi Ghasemi, Air Products' chairman, president and CEO. "While addressing these immediate and pressing concerns, other important issues remain, including meeting the world's growing need for clean, sustainable energy, and ensuring our customers have the essential products they need to be productive and improve their sustainability performance. We believe a thriving society and a healthy planet are inextricably linked and look forward to continuing to work with our employees, customers and communities to build a more sustainable future."
The Sustainability Report highlights Air Products' core ambition of solving today's and tomorrow's environmental challenges and how sustainability is at the heart of the Company's business of providing industrial gases and applications expertise to its customers. Air Products developed its "Grow, Conserve, and Care" sustainability strategy based on feedback from key stakeholders and the identification of sustainability priorities.
That strategy has produced strong results, as Air Products has achieved nearly all of its 2020 sustainability goals. Below are a few highlights and results of the "Grow, Conserve and Care" focus:
- Grow – In 2019, Air Products generated 53 percent of revenues from sustainable offerings, and Air Products enabled customers to avoid 69 million metric tons of carbon dioxide (CO2) – equivalent to the emissions of 15 million cars and 2.5 times Air Products' direct and indirect CO2 emissions.
- Conserve – In 2019, Air Products saved energy by reducing use intensity by 3.7 percent from 2015 levels in its air separation units, topping its goal of 2.5 percent and surpassing its greenhouse gas intensity reduction goal.
- Care – In 2019, Air Products improved its lost-time injury rate by 63 percent and its recordable injury rate by 22 percent. In addition, in 2019, through the Air Products Foundation, the Company contributed $7.6 million in charitable donations to community organizations.
The full Report is available on the Company's Sustainability website.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for nearly 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.
The Company had fiscal 2019 sales of $8.9 billion from operations in 50 countries and has a current market capitalization of about $50 billion. More than 17,000 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 Annual Report on Form 10-K for its fiscal year ended September 30, 2019.
SOURCE Air Products