Air Products’ 2024 Sustainability Report highlights clean hydrogen initiatives and environmental goals
September 5, 2024
Air Products, headquartered in Allentown, Pennsylvania, USA, has released its 2024 Sustainability Report, “Generating a Cleaner Future.” The report details progress against its existing sustainability goals and announces new ones, highlights its clean hydrogen megaprojects around the world, and showcases how its industrial gases and applications expertise can help customers to improve productivity and reduce environmental impact.
The company’s latest Sustainability Report also provides stakeholders with economic, environmental and social performance data in accordance with the Global Reporting Initiative (GRI) standards “Core” option.
“During this past year, Air Products has strengthened our previously announced environmental goals and with this report, we are also launching new goals for renewable energy and water management. We have worked collaboratively with our customers across dozens of industries while advancing our world-scale, first-mover clean hydrogen projects to help decarbonise industry and heavy-duty transportation,” stated Seifi Ghasemi, Air Products’ Chairman, President and CEO. “The progress we have made in these efforts is due to tremendous efforts by our people, working with our customers and within our company to fulfil our higher purpose and generate a cleaner future for our world.”
Highlighting its new and updated sustainability goals, the company updated the baseline year for its “Third by ‘30” carbon intensity goals for Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions from 2015 to 2023 while keeping the same target date of 2030, making the goals more ambitious.
Air Products has also committed to quadruple the amount of renewable energy used to make its products by 2030 compared to a 2023 baseline. This goal exceeds the pledge made by world leaders at the United Nations Climate Change Conference COP28 to “triple up” renewables by 2030.
The Sustainability Report also cites several important recognitions received by the company during the prior year, including Air Products being named as an Energy Transition Changemaker at COP28 for its net-zero hydrogen energy complex in Edmonton, Alberta, Canada and the NEOM green hydrogen project. Air Products was awarded an ‘A’ rating on MSCI’s environmental, social and governance ratings. The ‘A’ rating by MSCI was based on Air Products’ improvements in its carbon management strategy, including carbon capture efforts, its announced goal to reach net-zero carbon emissions from operations by 2050, and other sustainability initiatives. Air Products was also included on Barron’s 100 Most Sustainable Companies list again and rated as one of America’s Best Employers for Diversity for 2023 by Forbes magazine.
The full report is available here.
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