Sustainability Report 2022: Air Liquide Presents Its Results and Sets Additional Objectives
Paris, March 24, 2023–(BUSINESS WIRE)–Regulatory News:
On the occasion of the publication of its annual Corporate Sustainability Report, Air Liquide (Paris:AI) reflects on its progress towards its commitments by taking a step forward with additional sustainability objectives including new commitments on SCOPE 3 and Biodiversity. With this renewed ambition, Air Liquide reaffirms its determination to deliver on the financial and extra-financial performance announced in its 2025 Strategic Plan Advance.
Fabien Lecorvoisier, Executive Vice President and member of the Executive Committee, specifically in charge of Sustainable Development, said: “For Air Liquide, more than stated ambition, sustainability is a commitment with concrete actions. It takes more than conviction. We have implemented robust processes and governance to drive our decarbonization efforts. The commitment of our employees Together, it is delivering results. However, as we embark on this challenging journey, we continue to enhance our leadership by adding a new set of commitments. Air Liquide is on a clear path and is marching towards a sustainable future, linking financial and sustainability performance inextricably in its 2025 strategic plan ahead.”
Based on a comprehensive approach, Air Liquide’s sustainable development strategy is based on three pillars: Environment, Health and Growth for All.
Moving to Environment: To address key issues, especially fighting climate change, Air Liquide is working to reduce its CO2 emissions while also providing low-carbon solutions for its customers, including hydrogen, CO2 capture and access to renewable energy. developing a wide range of solutions. The group is also committed to water management and biodiversity conservation.
air Liquide Reduced its carbon intensity by -25%compared to 2015, and is on track to achieve its objective of reducing its carbon intensity by -30% by 2025.
according to the purpose of Reaching a -33% reduction in Scope 1 and 2 of its absolute CO2 emissions by 2035, with an inflection point in 2025, and on its way to carbon neutrality by 2050The Group’s absolute CO2 emissions for 2022 have remained stable for two consecutive years as Air Liquide continues to grow the business.
air liquid boosted it 10% increase in the amount of renewable energy source vs 2021, specifically to supply its largest oxygen production site in the world located in South Africa.
New – To strengthen its engagement across the entire value chain and to further address CO2 emissions downstream of its operations, Air Liquide has launched its first scope 31 objective Within two years, 75% of its top 50 customers have committed to carbon neutrality by 2050 and to bring this to 100% by 2035.
New – taking a commitment to the group Strengthening Biodiversity Assessment Criteria in the Investment Process Develop and implement composite biodiversity indicators for all new projects by 2024 and by 2025.
Moving to Health: As a leading supplier of medical oxygen and home healthcare services, Air Liquide’s ambition is to contribute to shaping the future of healthcare. In mature economies, aging populations and developments in lifestyle are causing an increase in chronic diseases, while access to care remains a main challenge in low- and middle-income countries.
Air Liquide is playing a role in transforming healthcare and contributing to improving quality of life to serve ~1.9 million patients by 2022. 49% of its patients are on individual care plans,
In low and middle income countries, groups Provided medical oxygen to 1.8 million people,
Moving forward for all: Addressing social objectives, Air Liquide recognizes that long-term performance is based on the quality of its relationships with employees, customers, patients, shareholders, suppliers and local communities around the world.
Air Liquide to increase presence in 2022 Women up to 31.5% of its managers and professionalscompared to 26% in 2012. It is in line to reach its target of 35% by 2025.
reach 42% of deploymentThe group is on track to bring a common ground Care coverage for 100% of its workforce worldwide by 2025, This includes death and disability benefits, health coverage and a minimum of 14 weeks of paid maternity leave. The group currently has 67,100 employees.
From employees to board members, the Air Liquide organization is on a journey of transformation. To implement its action plan and track progress, Air Liquide has ensured that appropriate Governance and Procedures are in place.
translated into global objectives local decarbonization plansDeveloped in close conjunction with the Group’s activities (business sectors) and taking into account geographical and customer specificities.
To bring greater accuracy and robustness to the reporting of metrics, new tools have been implemented. There was a very important development in 2022 Roll-out of CO2 budgets. quarter followed, it’s embedded in the investment decision process To ensure that the group remains on track on its trajectory. As a reminder, Air Liquide has committed to invest €16 billion between 2022-2025, of which approximately 50% will be directed towards energy transformation projects.
group is also set Internal network of experts and training programs, as well as including environmental, social and governance (ESG) metrics in compensation plans for managers.
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A world leader in gases, technologies and services for industry and healthcare, Air Liquide is present in 73 countries with approximately 67,100 employees and serves more than 3.9 million customers and patients. Oxygen, nitrogen and hydrogen are small molecules essential to life, matter and energy. They embody the scientific field of Air Liquide and have been at the heart of the company’s activities since its creation in 1902.
Taking action today while preparing for the future is at the heart of Air Liquide’s strategy. With Advancement, its strategic plan for 2025, Air Liquide is targeting a global performance combining financial and extra-financial dimensions. Positioned on new markets, the Group benefits from key assets such as its business model combining flexibility and strength, its ability to innovate and its technical expertise. The group develops solutions that contribute to the climate and energy transition—particularly with hydrogen—and takes action to advance progress in the areas of health care, digital and high technologies.
Air Liquide’s revenue in 2022 was expected to exceed 29.9 billion euros. Air Liquide is listed on the Euronext Paris Stock Exchange (Compartment A) and is related to the CAC 40, CAC 40 ESG, Euro STOXX 50 and FTSE4Good indices.
1 Scope 3 deals with other indirect emissions related to the value chain of the products sold by Air Liquide.
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