Praxair Recognized for Global Sustainable Development Leadership and World-Class Environmental Repor
Praxair Recognized for Global Sustainable Development Leadership and World-Class Environmental Reporting
DANBURY, Conn.--(BUSINESS WIRE)-- Praxair, Inc. (NYS: PX) was named to the Dow Jones Sustainability World and North American Indices (DJSI) and the CDP's Global 500 Climate Disclosure Leadership Index (CDLI) recognizing the company's long-standing commitment to global sustainable development and best-in-class environmental reporting.
"We are proud to once again have been named to these important global indices," said Praxair Chairman and Chief Executive Officer Steve Angel. "Our sustainable development program and the quality and transparency of our environmental reporting are integral to our business strategy. Our inclusion in these indices recognizes the extraordinary commitment and hard work of our employees who are creating significant environmental benefits and business value for Praxair, our customers and our communities. Through our employees' efforts we are making our planet more productive."
Praxair is the only U.S.-based company in the chemical sector to be selected for the DJSI for 11 consecutive years. DJSI selections are based on an in-depth analysis of a company's economic, environmental and social practices including climate strategy, corporate governance, risk management, innovation, supply-chain standards and labor practices. Emphasis is also placed on industry-specific risks and opportunities.
Praxair's global sustainable development program helps customers worldwide improve their environmental performance and carbon footprint and reduces Praxair's own environmental resource intensity. The program is also driving productivity savings across the company and in 2012 sustainable productivity savings related to reductions in energy, fuel, water or waste contributed 25 percent of total productivity benefits. Employees worked on more than 1,750 projects in 2012 that saved 300 million gallons of water, 800 million kilowatt-hours of electricity and approximately 500,000 metric tons of CO2.
Praxair is one of only 60 companies worldwide recognized by CDP, an international, not-for-profit organization that provides the world's only global environmental disclosure system, for the quality and completeness of its carbon management reporting. In addition, Praxair is one of only four companies selected for the global index for six consecutive years. Praxair's CDLI disclosure score of 98 (out of 100), illustrates Praxair's world-class commitment to setting and achieving its aggressive greenhouse gas emissions goals.
Praxair, Inc., a Fortune 250 company with 2012 sales of $11 billion, is the largest industrial gases company in North and South America and one of the largest worldwide. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and many others. More information about Praxair, Inc. is available at www.praxair.com.
Lisa Esneault, 203-837-2448
Kelcey Hoyt, 203-837-2118
KEYWORDS: United States North America Connecticut
The article Praxair Recognized for Global Sustainable Development Leadership and World-Class Environmental Reporting originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.