Praxair Recognized for Environmental, Social and Governance Excellence; Selected for the STOXX Global ESG Leaders Index and STOXX North America ESG Leaders 50 for Third Consecutive Year
December 06, 2013
DANBURY, Conn., December 6, 2013 — Praxair, Inc. (NYSE: PX) has been named to the STOXX Global ESG Leaders Index and STOXX North America ESG Leaders 50 for the third consecutive year, recognizing the company’s excellent environmental, social and governance (ESG) performance. Praxair was also named to the Dow Jones Sustainability World Index and the CDP’s Global 500 Climate Disclosure Leadership Index earlier this year.
"We are proud to have been recognized once again by the STOXX Global ESG Leaders Index for our global commitment to environmental and social sustainability,” said Praxair Chairman and Chief Executive Officer Steve Angel. “This latest recognition is a direct result of the accomplishments of our employees around the world. Our commitment to sustainable development has resulted in significant environmental, social and business benefits for our customers, our communities and our company.”
The STOXX Global ESG Leaders Index is made up of a series of ESG indices, which are based on sustainability data provided by Sustainalytics, a global provider of ESG research and analysis serving the responsible investment and socially responsible investment markets. Selections to the indices are made through a fully transparent and rule-based process that rates companies based upon stringent ESG criteria.
Praxair’s global sustainable development program helps customers worldwide improve their environmental performance and carbon footprint and also reduces Praxair’s own environmental resource intensity. The program is also helping drive productivity savings across the company and in 2012 sustainable productivity savings related to reductions in energy, fuel, water or waste contributed 25 percent of total productivity benefits. Employees worked on more than 1,750 projects in 2012 that saved 800 million kilowatt-hours of electricity, 300 million gallons of water and approximately 500,000 metric tons of CO2.
Praxair, Inc., a Fortune 250 company with 2012 sales of $11 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.