Sustainability creates our growth opportunities, and our growth opportunities support our sustainability focus and goals.
Air Products’ higher purpose is to bring people together to collaborate and innovate solutions to the world’s most significant energy and environmental sustainability challenges. We live our purpose through our business strategy and our efforts to protect the environment and care for our stakeholders. These are the underlying concepts of our Grow-Conserve-Care sustainability approach.
Sustainability is embedded in Air Products’ business strategy, which is focused on serving energy, environmental and emerging markets. This strategy is evidenced through the products, technologies, and services we offer, and the projects we carry out.
Our offerings and expertise help our customers experience higher productivity, better quality products, reduced energy use, and lower emissions. We believe that solving sustainability challenges is good business and the right thing to do.
GrowGrow responsibly through sustainability-driven opportunities that benefit our customers and our world. We help customers improve their sustainability performance through higher productivity, better quality products, reduced energy use, and lower emissions. Air Products’ business strategy is to provide sustainable solutions to customers and help them achieve their objectives. We are driven by an important ambition: to innovate alongside our customers and help them be more sustainable. |
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ConserveConserve resources and reduce environmental footprints through cost-effective improvements. We are committed to reducing our carbon dioxide (CO₂) emissions intensity by one-third by 2030 and conserving resources by continually improving our operations. Air Products is making significant investments in lower carbon hydrogen for the world, including our share of the $7 billion (USD) NEOM project, the world’s largest green hydrogen energy project. |
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CareEnsuring the safety of our employees, customers and the communities where we work is fundamental to our daily operations around the world. Our goal is always zero accidents and zero incidents. We continue to build on our culture of diversity, inclusion and belonging. We are committed to supporting our communities, engaging suppliers, and upholding our integrity. We engage with key stakeholders, working with our customers to improve sustainability, engaging with governments to understand their development and energy goals, and building projects to help them meet these goals. |
Sustainability is our strategy at Air Products and is at the heart of our business and our growth.
Our sustainability commitments demonstrate our sustainability strategy in action and are aligned with our overarching Company goal to be the safest, most diverse, and most profitable industrial gas company in the world, providing excellent service to our customers.
Air Products has announced an additional set of commitments that further demonstrate our sustainability strategy in action.
We are setting a new “Third by ‘30” CO₂ emissions intensity (kg CO₂ /MM BTU) goal for Scope 3 emissions, pledging to reach net zero carbon emissions by 2050, and bringing our capital commitment to first-mover projects to $15 billion through 2027.
These commitments complement and reinforce Air Products’ growth strategy of building our business to deliver climate benefits and work alongside our customers on their sustainability journey.
The global threat of climate change remains very real. There is much talk about the energy transition but talk alone is insufficient to address climate change. Companies and countries taking real action through real investment in real projects is what will make a meaningful difference.
At Air Products, I am proud that our more than 20,000 worldwide employees are taking real action, developing and executing first-mover projects providing real sustainability benefits. In doing so, they are living our higher purpose as a Company and bringing lower-carbon forms of energy to the world.
For example, Air Products is teaming up with World Energy to build a new $2 billion major expansion project at World Energy’s California Sustainable Aviation Fuel (SAF) production and distribution hub.
It will be the world’s first commercial scale and North America’s only SAF production facility, expanding total fuel capacity to 340 million gallons annually.
Air Products is building a $4.5 billion clean energy complex in Louisiana to produce low-carbon hydrogen that will reduce our customers’ carbon intensity and reduce transportation emissions.
We are also building a multi-billion-dollar net-zero hydrogen energy complex in Edmonton, Alberta, Canada that will help our customers reduce carbon intensities, provide emissions-free fuel in the transportation sector, and generate clean electricity.
These projects complement our multi-billion-dollar green ammonia production facility joint venture in NEOM, Saudi Arabia that will make and export carbon-free hydrogen to global transportation markets. These projects are tangible energy transition difference makers.
Importantly, Air Products already makes a difference every day through the industrial gases and technologies we supply our customers to improve the sustainability of their operations. In 2021, Air Products’ customer-avoided carbon dioxide emissions (CO2e) totalled 82 million metric tons, or more than three times our own combined Scope 1 and 2 CO2e emissions.
We remain confident in meeting our challenging “Third by ’30” carbon intensity reduction goal while we reimagine what’s possible in the future.
While working to support the energy transition and our customers, we also remain committed to our employees. Safety will forever be a priority at Air Products, with the ultimate goal of zero injuries.
To drive our goal to be the world’s most diverse industrial gas company we set goals for female representation globally and for minority representation in the U.S. in our professional and managerial population by 2025. In 2021, we exceeded our previous goal for minority representation in U.S. professional and managerial roles and set a new, stretch goal.
These achievements are only possible through the commitment and motivation of the team at Air Products. Our people are the real enablers of a cleaner future, working alongside our customers to help solve pressing energy and environmental challenges.
As always, we thank you for your interest in our Company.
Seifi Ghasemi - Chairman, President and Chief Executive Officers of Air Products