Air Liquide has integrated the prestigious “A-list” established by the CDP (formerly the Carbon Disclosure Project), a non-profit organisation that evaluates companies based on their climate action.
This year, Air Liquide has been awarded an “A” rating, the highest score available from the CDP. This rating recognises the Group as one of the companies most committed to the fight against climate change. In November 2018, the Group announced the most ambitious Climate objectives in its sector, including Air Liquide’s commitment to reducing its carbon intensity by 30% by 2025. Its global approach combines action on its own assets, for its customers and in developing low-carbon ecosystems.
With this award, the CDP recognises a long-established strategy for sustainable growth. This is notably illustrated by the company’s development in hydrogen energy and biomethane, and the Group’s participation in numerous innovative projects alongside its customers in the metal and petrochemical industries.
Every year, the Group dedicates around 100 million euros of innovation expenses to reduce its carbon footprint and that of its customers. More than 40% of its investment decisions are allocated to address environmental and climate challenges. The Group’s many actions to promote sustainable growth are regularly recognised by the various non-financial rating agencies (MSCI, Sustainalytics, ISS ESG, Ecovadis, etc.). The Group also features in major CSR indices (Euronext Vigeo Eiris, FTSE4Good, etc.).
This yearly process of non-financial rating and disclosure of data through the CDP is recognised as a reference in terms of companies’ environmental transparency. In 2019, more than 8,400 companies made data about their climate impact available to the CDP for independent assessment purposes. Of these participating companies, only 179, or around 2%, received an A rating. Air Liquide’s responses to the 2019 CDP questionnaire are freely available on the CDP website.
David Meneses, Air Liquide’s Vice President Sustainability, says:
“Air Liquide is especially proud to be on the CDP’s ‘A-list’. This rating recognises the Group’s long history of innovation and initiatives promoting a low-carbon society. Our Climate objectives are the most ambitious in our sector. Contributing to address environmental challenges and energy transition is a major ambition for the Group. And this objective federates all our teams around the world.”
- 2018 data for investment decisions greater than 5 million euros