Air Products Wins EcoVadis Gold Medal for Corporate Social Responsibility for Third Year in a Row

Rhea-AI Summary

Air Products (NYSE:APD), a global leader in industrial gases, has been awarded a gold medal for Corporate Social Responsibility (CSR) by EcoVadis for the third consecutive year. The gold rating reflects the company's commitment to sustainability across four categories: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Additionally, Air Products was recognized in 2020 as one of the 100 Best Corporate Citizens by 3BL Media and featured in S&P Global's Sustainability Yearbook. The company aims to innovate solutions that benefit the environment while enhancing sustainability.

Positive

• Three consecutive years of receiving EcoVadis gold medal for CSR.
• Recognition as one of the 100 Best Corporate Citizens by 3BL Media.
• Included in S&P Global's Sustainability Yearbook 2020.

Negative

• None.

LEHIGH VALLEY, Pa., July 2, 2020 /PRNewswire/ -- Air Products (NYSE:APD), a leading global industrial gases company, today announced that it has again been awarded a gold medal for its Corporate Social Responsibility (CSR) performance from EcoVadis, a multinational CSR ratings agency. This is the third year in a row that Air Products has achieved a gold rating from EcoVadis.

"We are proud to again earn EcoVadis' gold medal distinction for our CSR efforts," said Simon Moore, Air Products' vice president Investor Relations, Corporate Relations and Sustainability. "Facing the issues of today's world, corporate responsibility is more important than ever, and we believe every company and every employee has a role to play in building a better future. At Air Products, sustainability is part of our higher purpose, and finishing in the top two percent of companies examined by EcoVadis is validation that we are delivering on that higher purpose for our customers, the communities where we live and work, our investors and our employees."

EcoVadis rates and continually monitors a company's CSR management and progress while offering tools to drive improvement. The EcoVadis rating methodology is based on CSR criteria in four main categories: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Its criteria follow verifiable international CSR standards including the Global Company Principles, the International Labor Organization conventions, the Global Reporting Initiative Standard, and ISO 26000.

Receiving a gold medal from EcoVadis continues the recognition for Air Products' sustainability and corporate responsibility efforts in 2020. Last month, Air Products was named to 3BL Media's 100 Best Corporate Citizens list for the ninth consecutive year and included in the Sustainability Yearbook 2020, published by S&P Global, one of the most comprehensive publications providing in-depth analysis on corporate responsibility performance. The Company was also included in the 2020 Carbon Clean 200 list and Barron's 100 Most Sustainable Companies in America.

To learn more about Air Products' commitment to sustainability, please view our most recent Sustainability Report.

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 Form 10K for its fiscal year ended September 30, 2019.

View original content:http://www.prnewswire.com/news-releases/air-products-wins-ecovadis-gold-medal-for-corporate-social-responsibility-for-third-year-in-a-row-301087577.html

SOURCE Air Products

FAQ

What recent award did Air Products (APD) receive for corporate responsibility?

Air Products received a gold medal from EcoVadis for Corporate Social Responsibility for the third consecutive year.

How long has Air Products (APD) been recognized by EcoVadis?

Air Products has been recognized by EcoVadis for three consecutive years.

What categories does EcoVadis evaluate for CSR?

EcoVadis evaluates companies based on Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

What other recognitions did Air Products (APD) achieve in 2020?

In 2020, Air Products was named one of the 100 Best Corporate Citizens and featured in S&P Global's Sustainability Yearbook.