(Archived) Praxair Selected for Dow Jones Sustainability Index
DANBURY, Conn., September 9, 2005 — For the third consecutive year, Praxair, Inc. (NYSE: PX) has been selected as a component of the Dow Jones Sustainability World Index. This puts Praxair among the top 10 percent of the world’s largest 2,500 companies in 34 countries that are included in the index because of their industry leadership in corporate sustainability.
The Dow Jones Sustainability World Index was launched in 1999 as the first equity benchmark to track the financial performance of leading corporations which are committed to sustainability on a global scale. Corporations are selected for the index after a thorough assessment of economic, environmental and social criteria with a major focus on long-term shareholder-value creation.
"Inclusion in this index recognizes Praxair’s superior performance across the full spectrum of corporate activity,” said Praxair Chairman and Chief Executive Officer Dennis Reilley. “It further reinforces our commitment to sustainable growth, building on our long track record of bringing innovative environmental and productivity benefits to our customers as well as our own operations.”
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2004 sales of $6.6 billion. The company produces, sells and distributes atmospheric and process gases, and high-performance surface coatings. Praxair products, services and technology bring productivity and environmental benefits to a wide variety of industries, including aerospace, food and beverage, healthcare, semiconductor materials, steel, chemicals and refining, metal fabrication, water treatment, glass and others. More information on Praxair’s corporate responsibility activities is available on www.praxair.com.