DANBURY, Conn., November 24, 2003 — Praxair, Inc. (NYSE:PX) has issued its first sustainability report, summarizing key initiatives and accomplishments in the areas of governance and integrity, environmental responsibility, customer service, safety, community support and financial performance.
"As a responsible global citizen, Praxair recognizes the role it must play in helping to develop environmental, social and economic solutions that will meet today's demands while preserving the promise of the future," said Dennis H. Reilley, chairman and chief executive officer.
In addition to adopting goals to continuously improve its own operating performance, Praxair provides products, services and technologies that help its customers improve the efficiency and environmental performance of their manufacturing processes.
In September 2003, Praxair was included in the Dow Jones Sustainability World Index, a group of 300 companies around the world that have been qualified as industry leaders based on a thorough assessment of economic, environmental and social criteria, with a major focus on long-term shareholder-value creation. The company also has recently been recognized for leadership in governance by GovernanceMetrics International and Institutional Shareholder Services.
The report is available online at www.praxair.com in the Corporate Responsibility section. Hard copies may be requested online or by writing: Sustainability Council, M2-06, Praxair, Inc., 39 Old Ridgebury Road, Danbury, CT 06810.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2002 sales of $5.1 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technologies bring productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.