Air Products And Chemicals
Air Products and Chemicals, Inc., commonly known as Air Products, is a leading player in the research and development services sector, headquartered in the United States. Founded in 1940, the company has established a strong presence in various operational regions, including North America, Europe, and Asia.
Specialising in industrial gases, Air Products offers a diverse range of products and services, including hydrogen, oxygen, and nitrogen, which are essential for numerous industries such as healthcare, energy, and manufacturing. The company is recognised for its innovative solutions that enhance efficiency and sustainability, positioning it as a market leader.
With a commitment to advancing technology and safety, Air Products has achieved significant milestones, including pioneering developments in hydrogen energy. Its dedication to research and development continues to drive its success and reputation within the industry.
+12 vs industry average
Air Products And Chemicals’s score of 41 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Research Services has typical carbon intensity
Industry performance
The Research Services industry has increased its overall emissions by 17% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Air Products And Chemicals's reported carbon emissions
Air Products and Chemicals, a US-based company operating in research and development services (73), reported total global GHG emissions of approximately 36.4 billion kg CO2e for 2024. This figure encompasses Scope 1 emissions totalling approximately 16.9 billion kg CO2e, Scope 2 emissions at approximately 11 billion kg CO2e, and Scope 3 emissions at approximately 8.5 billion kg CO2e. The company has set a target to reduce its Scope 1 and 2 carbon intensity by 33% by 2030, using a 2023 baseline. Furthermore, Air Products and Chemicals has a long-term ambition to achieve Net Zero emissions by 2050. They are also committed to reducing Scope 3 carbon intensity by 33% by 2030, aligned with the 2023 baseline. In previous years, the company's total GHG emissions were approximately 36.5 billion kg CO2e in 2023, 35.3 billion kg CO2e in 2022, and 35 billion kg CO2e in 2021. Scope 1 emissions have remained relatively stable, around 16 billion to 17 billion kg CO2e annually across these years. Scope 2 emissions have fluctuated, with approximately 10.7 billion kg CO2e in 2023 and 2022, and around 10.3 billion kg CO2e in 2021. Scope 3 emissions have also shown variation, standing at approximately 8.9 billion kg CO2e in 2023 and 8.7 billion kg CO2e in 2022, with the largest component in 2021 being fuel and energy-related activities at about 4.5 billion kg CO2e. The company's sustainability reports also indicate past intensity reduction goals, such as a target to reduce GHG intensity by 2% by 2020 from a 2015 baseline.
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Air Products And Chemicals’s Climate Goals (2030 & 2050)
4 goals2050
• Updated – Third by ’30: 33% reduction in Scope 1 and 2, an…
• Updated – Third by ’30: 33% reduction in Scope 1 and 2, and Scope 3 carbon intensity by 2030 versus 2023 baseline1 • Net Zero by 2050
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Air Products And Chemicals’s sustainability data and climate commitments
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