Air Products Announces Additional "Third by ‘30" CO2 Emissions Reduction Goal, Commitment to Net Zero by 2050, and Increase in New Capital for Energy Transition to $15 Billion
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Air Products (NYSE:APD) today announced an additional set of commitments that further demonstrate its sustainability strategy in action. The company is creating a new “Third by ‘30” carbon dioxide (CO2) emissions intensity (kg CO2/MM BTU) goal for Scope 3 emissions, in addition to its existing Scope 1 and 2 goal and pledging to reach net-zero carbon emissions from its operations by 2050. Air Products will also spend or commit at least $4 billion in additional new capital for the transition to clean energy over the next five years, bringing its total commitment to first-mover projects to $15 billion through 2027.
Air Products' Chairman, President and Chief Executive Officer Seifi Ghasemi said, “These commitments complement and reinforce our growth strategy of building our business to deliver climate benefits and work alongside our customers on their sustainability journey.”