Air Products Named Gases/Chemicals Subsector Leader and Fourth Overall on Maplecroft’s Climate Innovation Indexes
LEHIGH VALLEY, Pa., Oct. 5 /PRNewswire/ — Air Products (NYSE: APD) has again been named a Maplecroft Climate Innovation Indexes (CIIs) Leader, ranking first in the chemical industry subsector and fourth overall among the largest U.S. companies evaluated for their climate-related innovation and carbon management programs.
The Maplecroft CIIs are calculated by Bloomberg and based on evaluations by global analysis firm, Maplecroft. An initial universe of approximately 1,300 US stocks with a free-float market capitalization of more than US $1 billion was narrowed to 339 benchmark companies that are engaged in public climate-related programs. From this subset, 100 Maplecroft CII Leaders were determined based on an assessment against more than 100 performance criteria across five major climate innovation categories: management systems, mitigation of emissions, emissions reductions, adaptation and innovation. Fifty percent of the companies’ final rating scores were based on the innovation category, with a focus on new technologies and initiatives that capitalize on climate-related opportunities.
“Our portfolio of offerings that help reduce greenhouse gases and address energy concerns continues to grow and provide sustainable competitive advantage for our customers and for Air Products,” said Pat Loughlin, vice president, Environment, Health, Safety and Quality and chair of Air Products’ Sustainability Council. “We are proud to again be recognized by Maplecroft for that strong pipeline of innovation, financial performance and drive for continuous improvement in emissions management.”
***NOTE: This release contains forward-looking statements based on management’s reasonable expectations and assumptions as of the date this presentation is made. Actual performance may differ materially because of many factors not anticipated by management, including, without limitation, successful development and market acceptance of the company’s products and applications; future financial and operating performance of customers and industries served by the Company; the impact of new or changed environmental legislation and regulations in jurisdictions in which the Company and its affiliates operate; and other risk factors described in the Company’s Form 10-K for its fiscal year ended 30 September 2009.
EDITOR’S NOTE: Air Products was named a Maplecroft CII Leader when the indexes were first launched in January 2010: www.airproducts.com/PressRoom/CompanyNews/Archived/2010/26Jan2010.htm.
SOURCE Air Products