Praxair Named to Dow Jones Sustainability Indices for 12th Consecutive Year
September 15, 2014
DANBURY, Conn., September 15, 2014 – Praxair, Inc. (NYSE: PX) was again named to the Dow Jones Sustainability World and North American Indices (DJSI) in recognition of the company’s long-standing commitment to global sustainable development. Praxair is the only U.S.-based company in the chemical sector to be selected for the DJSI for 12 consecutive years.
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.
“We are proud to have been named once again to these important global indices,” said Praxair Chief Sustainability Officer Dr. Riva Krut. “Sustainable development is integral to our business strategy. We grow our business by driving innovation that helps our customers to reduce waste, improve water and air quality, and remove sulfur dioxide from vehicle emissions. Additionally, sustainable development is improving operating margins through lower overall resource consumption. Praxair’s inclusion in these indices recognizes the extraordinary commitment and hard work of our employees who are making our planet more productive.”
Praxair helps customers worldwide improve their environmental performance and reduce their carbon footprint, while also reducing the company’s own environmental resource intensity. In 2013, Praxair’s eco-portfolio represented 27 percent of sales. The company’s applications enabled customers to avoid 38 million MT CO2 equivalent, more than twice as much CO2 as was generated in all Praxair operations. Sustainable productivity savings, such as reductions in the use of energy, fuel, and water, contributed 25 percent of total productivity benefits. In addition, employees worked on more than 1,800 projects in 2013 that saved 225 million gallons of water and 800 million kilowatt-hours of electricity.
For more information about Praxair’s sustainable development program, please visit the company’s Reporting Center at http://www.praxair.com/our-company/sustainable-development/reporting-center.
Praxair, Inc., a Fortune 250 company with 2013 sales of $12 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, metals and many others. More information about Praxair, Inc. is available at www.praxair.com.