Praxair Selected for Dow Jones Sustainability World Index for the Ninth Consecutive Year
September 12, 2011
DANBURY, Conn., September 12, 2011 — Praxair, Inc. (NYSE: PX) has been selected as a component of the Dow Jones Sustainability World Index and is the only U.S. based company in the chemical sector selected for the World Index for nine consecutive years.
Membership in the World Index ranks Praxair among the top ten chemical companies worldwide in terms of sustainability leadership. Praxair is also a member of the Dow Jones Sustainability North America Index, a sub-set of the World Index, which places it among the top 20 percent of companies in its sector in North America.
"Sustainable development is integral to our long-term growth strategy and we remain committed to creating technology, products and services that help sustain and protect our planet,” said Steve Angel, Praxair chairman and chief executive officer. “The Praxair global team is focused on making our planet more productive and we strive to consistently deliver innovative, environmentally responsible solutions to our customers.”
A significant portion of Praxair's annual revenues are derived from applications technologies which help our customers reduce their environmental footprint, improve their energy efficiency and/or increase the throughput, or yield of their production process, thereby decreasing their use of raw materials. For example, Praxair estimates that using our oxygen in steelmaking avoids 8.9 million metric tons of CO2 per year. More examples can be found on www.praxair.com in the Products and Technologies>Technologies>Green Technologies section.
The Dow Jones Sustainability Index was launched in 1999 to track the performance of leading corporations that are committed to sustainability on a global scale. Corporations are selected for the index after a thorough assessment of a wide range of economic, environmental and social criteria. Among the areas evaluated are corporate governance, environmental performance, risk management, supply-chain standards and labor practices.
Praxair is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2010 sales of $10 billion. The company produces, sells and distributes atmospheric, process and specialty 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.