LEHIGH VALLEY, Pa., April 25, 2012 /PRNewswire/ -- For the third consecutive year, Air Products (NYSE: APD) is a Maplecroft Climate Innovation Indexes (CIIs) Leader. For 2012, Air Products ranked seventh overall and as the leading industrial gas company among the 360 largest U.S. companies evaluated for their climate-related innovation and carbon management programs.
Launched in January 2010, The Maplecroft CIIs are calculated by Bloomberg and based on evaluations by global analysis firm, Maplecroft. For this year's ranking, approximately 1,300 U.S. publicly traded companies with a free-float market capitalization of more than US $1 billion was narrowed to an eligible pool of benchmark organizations engaged in public climate-related programs. From this subset, Maplecroft selected 100 CII Leaders by evaluating over 100 performance criteria across five major climate innovation categories: management systems, mitigation of emissions, emissions reductions, adaptation and innovation. The innovation category, with a focus on disruptive technologies and initiatives to capitalize on climate-related opportunities, accounted for 50 percent of the companies' final scores.
"Air Products' seventh place ranking in the CIIs relates to its ongoing investment in low carbon innovation," stated Maplecroft CEO, Alyson Warhurst. "The company develops equipment and processes that allow customers in a wide range of industries to achieve significant carbon dioxide emissions reductions. In addition, Air Products is working collaboratively with external organizations to research and model green energy solutions, such as alternative energies and waste treatment, demonstrating a commitment to the development of new technologies."
Corning Painter, senior vice president, Corporate Strategy, Technology and Supply Chain and chair of Air Products' Sustainability Council, said, "It is an honor to again be recognized as a Maplecroft Climate Innovation Indexes Leader for the significant improvements we help our customers achieve in their energy use and emissions while at the same time, driving for continuous improvement in our own plants and performance."
While continuing to invest in carbon management research and development, Air Products remains active in a number of initiatives working to combat climate change and advocate pragmatic policies and solutions. The company also has set 2015 intensity-based greenhouse gas emissions and energy reduction goals for its large air separation units and hydrogen production facilities globally.
Air Products (NYSE:APD) provides atmospheric, process and specialty gases; performance materials; equipment; and technology. For over 70 years, the company has enabled customers to become more productive, energy efficient and sustainable. More than 18,000 employees in over 40 countries supply innovative solutions to the energy, environment and emerging markets. These include semiconductor materials, refinery hydrogen, coal gasification, natural gas liquefaction, and advanced coatings and adhesives. In fiscal 2011, Air Products had sales of approximately $10 billion. For more information, visit www.airproducts.com.
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, 2011.
SOURCE Air Products