STOCK TITAN

Linde Recognized as Sustainability Leader by S&P Global

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Linde (LIN) Achieves Top Score in 2023 S&P Global Corporate Sustainability Assessment
Positive
  • Linde achieved the highest score of any industrial gas company in the 2023 S&P Global Corporate Sustainability Assessment (CSA).
  • The company scored in the 100th percentile out of more than 500 chemical companies and achieved the second highest score in the chemicals sector.
  • Linde's products, technologies, and services helped its customers to avoid more than 90 million metric tons of carbon dioxide equivalent in 2022, demonstrating the company's commitment to sustainability.
Negative
  • None.

WOKING, UK / ACCESSWIRE / November 27, 2023 / Linde (Nasdaq:LIN) announced today that it has been recognized by S&P Global as a sustainability leader, achieving the highest score of any industrial gas company in the 2023 S&P Global Corporate Sustainability Assessment (CSA)*.

The S&P Global CSA is an annual sustainability benchmark, which also serves as a basis for the Dow Jones Sustainability Indices, S&P 500 ESG and other sustainability indices. Companies are assessed on all aspects of corporate ESG performance and policies, in line with the latest standards of international best practice.

Overall, Linde scored in the 100 th percentile out of more than 500 chemical companies and achieved the second highest score in the chemicals sector. Linde scored in the 100 th percentile for both innovation management and emissions, and in the 99 th percentile for human rights. Over the past year, Linde has reported progress on its 2035 science-based absolute GHG emissions reduction target. It also published a declaration of all categories of Scope 3 emissions, with a significant portion externally audited, and increased R&D spending on decarbonization. The company has also expanded its Human Rights policy.

"Transparency is central to Linde's commitment to its stakeholders, and the S&P Global CSA is one of the most comprehensive assessments of sustainability disclosures," said Tamara Brown, Vice President Sustainability, Linde. "We have challenged ourselves to achieve higher levels of impact, and our performance is testament to the hard work and dedication of Linde's employees."

Linde's products, technologies and services helped its customers to avoid more than 90 million metric tons of carbon dioxide equivalent in 2022 - equal to the annual emissions from 20 million passenger cars, and more than double Linde's own global emissions. Linde's climate goals include its 2035 science-based absolute GHG emissions reduction target and its 2050 climate neutrality ambition. Linde is a participant in the United Nations Global Compact, a constituent of the FTSE4Good Index and the Dow Jones Sustainability World Index. It is also one of a small number of companies awarded the Sustainable Market Initiative's Terra Carta Seal.

* All scores as published by S&P Global on October 27, 2023.

About Linde

Linde is a leading global industrial gases and engineering company with 2022 sales of $33 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, decarbonize and protect our planet.

The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. 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 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



View source version on accesswire.com:
https://www.accesswire.com/810207/linde-recognized-as-sustainability-leader-by-sp-global

FAQ

What is the significance of Linde's recognition by S&P Global in the 2023 Corporate Sustainability Assessment?

Linde (LIN) achieved the highest score of any industrial gas company in the 2023 S&P Global Corporate Sustainability Assessment, demonstrating the company's commitment to sustainability and ESG performance.

How did Linde score in the 2023 S&P Global CSA compared to other companies?

Linde scored in the 100th percentile out of more than 500 chemical companies and achieved the second highest score in the chemicals sector, highlighting its strong performance in sustainability and ESG measures.

What are some of the key achievements of Linde in the 2023 S&P Global CSA?

Linde scored in the 100th percentile for both innovation management and emissions, and in the 99th percentile for human rights, showcasing its dedication to sustainable practices and policies.

How has Linde contributed to climate goals and sustainability initiatives?

Linde's products, technologies, and services helped its customers to avoid more than 90 million metric tons of carbon dioxide equivalent in 2022, reflecting its commitment to sustainability and environmental impact reduction.

Linde plc Ordinary Share

NASDAQ:LIN

LIN Rankings

LIN Latest News

LIN Stock Data

216.56B
475.15M
0.21%
87.16%
1.13%
Specialty Chemicals
Industrial Inorganic Chemicals
Link
United States of America
WOKING SURREY