LEHIGH VALLEY, Pa., Sept. 25, 2014 /PRNewswire/ -- For the sixth consecutive year, Air Products (NYSE: APD) has achieved industry leadership status on the CDP™ S&P 500 Climate Disclosure Leadership Index (CDLI), ranking among the top 10 percent of companies scored for their high level of transparency and data quality in their disclosure of climate-related information.
CDP works with 767 institutional investors, representing more than $92 trillion in assets, and is the world's only global environmental disclosure system. Companies are scored on a scale of 100 for completeness and data quality. This year, the S&P 500 CDLI features companies that, like Air Products, earned a score of 97 or more, demonstrating the high regard that leading companies hold for the collection and communication of climate change information for their investors.
"We are honored to be recognized by CDP again this year for our transparency and leadership in environmental reporting, as well as our focus on managing climate-related risks and opportunities," said Guillermo Novo, executive vice president, Materials Technologies, and executive champion of Air Products' Sustainability Council.
In addition to the CDP Indices, Air Products remains a component of other international sustainability indices and is recognized for its sustainability practices and achievements around the globe. For more information about sustainability at Air Products, visit: www.airproducts.com/company/Sustainability.aspx.
About Air Products
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. Recognized as one of the world's most innovative companies by both Thomson Reuters and Forbes magazine, more than 21,000 employees in over 50 countries supply effective 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 2013, Air Products had sales of $10.2 billion. For more information, visit www.airproducts.com.
About CDP
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. For more information, visit www.cdp.net.
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, 2013.
SOURCE Air Products