DANBURY, Conn., September 25, 2015 – Praxair, Inc. (NYSE: PX) was named to the Dow Jones Sustainability World and North American Indices for the 13th consecutive year, recognizing the company’s long-standing commitment to environmental and social responsibility. Praxair is the only U.S.-based company in the chemical sector to be selected for the World DJSI for this number of consecutive years.
Praxair helps customers worldwide improve their environmental performance while minimizing its own use of environmental resources and maximizing its environmental, economic and social contributions. The company has been recognized extensively for its commitment to sustainable development and was included in the CDP S&P 500 Climate Disclosure Leadership Index (CDLI) and named to Forbes’ America’s Best Employers List for 2015.
“Our sustainable development programs have been institutionalized over decades and form the foundation of our mission – making our planet more productive,” said Praxair Chief Sustainability Officer Dr. Riva Krut. “From safety to operational discipline and environmental stewardship to innovation, sustainable development is a key element of our financial results and long-term business success. This recognition is the direct result of years of hard work and the dedication of our employees globally and we thank them for their efforts.”
DJSI selections are based on an in-depth analysis of a company’s economic, environmental and social practices including corporate governance, risk management, innovation, environmental management and strategy, supply-chain standards, and safety and labor practices. Emphasis is also placed on industry-specific risks and opportunities.
DJSI highlights include:
- In the Corporate Governance category, Praxair’s Board of Directors continued to demonstrate strong governance practices.
- In Environmental Innovation, Praxair’s eco-portfolio, which consists of innovative applications that bring environmental benefits to customers, generated 32 percent of the company’s revenue or $3.9 billion. Additionally, Praxair technologies enabled at least two times more GHG to be avoided per year than were emitted in all the company’s operations.
- In Corporate Citizenship, Praxair employees continued a strong tradition of engagement with local communities. In 2014, nearly 336,000 people benefitted from the company’s programs and employee efforts. Additionally, through the company’s Global Giving Program, Praxair has given to nearly 800 organizations in 26 countries.
For more information about Praxair’s sustainable development program, please visit the company’s Reporting Center at http://www.praxair.com/reportingcenter.
Praxair, Inc., a Fortune 250 company with 2014 sales of $12.3 billion, is the largest industrial gases company in North and South America and one of the largest worldwide. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others. More information about Praxair, Inc. is available at www.praxair.com.
Susan Szita Gore