Praxair, Inc. (Praxair) is an industrial gas supplier. The company’s products in its industrial gases business include atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers, and builds equipment that produces industrial gases primarily for internal use. The company’s Surface Technologies segment, supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.
Praxair has a robust environmental program that includes strong product stewardship initiatives as well as commitments to reducing its direct environmental impacts. First and foremost, over 30% of Praxair’s annual revenues are derived from products and technologies that help its customers reduce their environmental footprints, improve energy efficiency, and/or decrease use of raw materials. Furthermore, the company conducts lifecycle assessments on all products, using the ISO 14040 standards, which guide the company’s decisions during commercialization planning. Praxair is also a member of the American Chemistry Council’s Responsible Care initiative, demonstrating its commitment to the environmental, health and safety performance of its products. In terms of operational performance, the company is on pace to meet its progressive greenhouse gas reduction target and attained significant reductions in hazardous waste intensity and NOx emissions from transport. Praxair also prioritizes employee safety across divisions, evidenced by its relatively low Lost Time Injury Frequency rate as well as improved performance in distribution safety metrics over the years.
Praxair has a significant water withdrawal intensity relative to peers. In addition, roughly only one-fifth of the company’s facilities are certified to ISO 14001 environmental management standards.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.