Linde Receives 'A' For Water Stewardship from CDP

Rhea-AI Summary

Linde (NYSE:LIN) has been awarded an 'A' rating by CDP for its commitment to water security, marking it as one of the few global companies to achieve this top score. CDP assesses approximately 12,000 companies based on their environmental risk management, with scores ranging from 'A' to 'D-'. Alongside its 'A' rating for water security, Linde earned an 'A-' for its climate change initiatives. The company aims for a 35% reduction in greenhouse gas emissions by 2035, with a vision of climate neutrality by 2050.

Positive

• Awarded 'A' rating from CDP for water security, signifying leadership in environmental stewardship.
• Achieved 'A-' for climate change initiatives, reflecting strong commitment to sustainability.
• Reduced water usage by 300 million gallons in 2020, demonstrating effective water management.
• Set ambitious greenhouse gas reduction goals, targeting 35% cut by 2035 and climate neutrality by 2050.

Negative

• None.

GUILFORD, UK / ACCESSWIRE / December 15, 2021 / Linde (NYSE:LIN)(FWB:LIN) today announced that it has been awarded an 'A' from CDP for its approach to tackling water security. It is one of only a select group of global companies to achieve the top score.

CDP is a global environmental non-profit organization that works with investors representing over $110 trillion in assets to measure companies' risks and opportunities on climate change, water security and deforestation. It uses a detailed methodology to assess nearly 12,000 companies, allocating a score of 'A' to 'D-'. Each company's score is based on comprehensive analysis of its disclosure, awareness and management of environmental risks alongside evidence of best practice. In addition to its 'A' rating for water security, Linde was rated 'A-' for its approach to climate change.

"Water scarcity and lack of access to clean water are global challenges affecting individuals, communities and industry," said Tamara Brown, Vice President Sustainability at Linde. "Responsible management of water is a key element of Linde's sustainability strategy and we are honored to be recognized as one of few companies leading the way in stewardship, transparency and impact."

Linde helps customers improve their environmental performance and reduce their carbon footprint through high-quality solutions, technologies and services. Linde's water management planning and sustainable productivity efforts helped reduce water use by 300 million gallons in 2020. The company recently announced new greenhouse gas (GHG) emission goals, including a target of 35% absolute emissions reduction by 2035 and climate neutrality by 2050.

About Linde

Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

The company serves a variety of end markets including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com

Contacts:

Investor Relations
Juan Pelaez
Phone: +1 203 837 2213
Email: juan.pelaez@linde.com

Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com

SOURCE: Linde plc

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https://www.accesswire.com/677776/Linde-Receives-A-For-Water-Stewardship-from-CDP

FAQ

What did Linde achieve regarding water security?

Linde received an 'A' rating from CDP for its commitment to water security, recognizing its leadership in environmental stewardship.

How did Linde perform in climate change initiatives?

Linde was rated 'A-' by CDP for its approach to climate change, reflecting its strong sustainability practices.

What is Linde's goal for greenhouse gas emissions?

Linde aims for a 35% reduction in greenhouse gas emissions by 2035 and intends to achieve climate neutrality by 2050.

How much water did Linde reduce usage by in 2020?

Linde successfully reduced its water usage by 300 million gallons in 2020 through effective management practices.