Better Health for All

The company's core business includes supplying essential medical gases such as USP Oxygen, NF Nitrogen, and Helium, which are critical for respiratory therapies and surgical procedures.

It maintains a 99.99% on-time delivery record and offers 24/7/365 customer service for these products. The company also provides emergency supply systems for instantaneous oxygen delivery during unforeseen situations and unexpected demand spikes, along with comprehensive services for seamless tank changeouts. Beyond its core products, Air Products has engaged in community health initiatives, including a program in China launched in October 2020 that donated 22 water purification devices to 17 schools, benefiting over 12,000 students. Additionally, by March 2023, it contributed $25,000 to WaterAid through its Breathe Freely Global Wellbeing Program to improve clean water access in vulnerable communities.

Fair Money & Economic Opportunity

Air Products and Chemicals Inc. operates in the industrial gases sector and does not offer consumer financial services such as lending, deposits, or insurance. Consequently, KPIs related to financial products, pricing, fees, lending compliance, customer data, debt, and financial literacy are not applicable to its core business model. While the company contributes $5.3 million to community development through the United Way Campaign

and promotes supplier diversity , these activities do not directly align with the specific financial services-focused metrics of the 'Fair Money & Economic Opportunity' value's KPIs, particularly regarding a loan/insurance book or a percentage of profit reinvested in community finance.

Fair Pay & Worker Respect

The CEO's compensation was 333 times the median employee pay.

The company has set diversity goals to achieve at least 28% female representation globally and 30% minority representation in U.S. professional roles by 2025. Air Products received a score of 95 in the Human Rights Campaign Foundation’s Corporate Equality Index and was recognized by Forbes and Newsweek for diversity. The company has reduced lost-time injuries by 75% since 2014, received safety awards in 2023, and employs a global Environment, Health, and Safety (EHS) policy supporting ISO 45001 principles. It adheres to international labor standards, provides competitive compensation, and ensures a harassment-free environment.

Fair Trade & Ethical Sourcing

Air Products and Chemicals Inc. has a Human Rights Policy, aligned with the UN Global Compact and ILO standards.

Its Supplier Code of Conduct requires suppliers to adhere to these standards, with compliance monitored through questionnaires and audits. The company also maintains a Conflict Minerals Policy, aligned with the OECD Due Diligence Guidance, to ensure responsible sourcing. In 2023, Air Products identified 427 suppliers for conflict minerals review, receiving 160 completed Conflict Minerals Reporting Templates (CMRTs). All identified smelters participated in the Responsible Minerals Initiative (RMI). The company reported no findings that necessary conflict minerals in its products directly or indirectly financed or benefited armed groups. These initiatives have led to recognition in the S&P Global Sustainability Yearbook and Barron's Sustainability List.

Honest & Fair Business

Activist investor Mantle Ridge alleged in January 2025 that Air Products' leadership made omissions, obfuscations, and misleading statements concerning performance and strategy.

Mantle Ridge also noted that a previous company led by the current CEO had experienced findings of large-scale corporate fraud. In October 2024, D.E. Shaw called for a board overhaul, citing perceived underperformance and governance deficiencies, and criticized the company's clean hydrogen strategy, attributing it to a $15 billion equity value loss. Over the years, Air Products has faced penalties totaling $3,070,213 across 64 records, primarily for environment-related offenses ($2,564,517 over 41 cases), employment-related offenses ($282,940), and safety-related offenses ($222,756), including a $1,485,000 hazardous waste violation in 2010. The company's Code of Conduct applies globally, providing multiple channels for reporting concerns, including anonymous options, and upholds a strict non-retaliation policy. Its Supplier Code of Conduct prohibits any form of bribery or corruption. In 2023, Air Products spent $1.3 million on federal lobbying and received an 'A' rating from MSCI for its ESG practices.

Kind to Animals

The company explicitly states it does not conduct animal testing.

Consequently, zero animals are used in testing. As an industrial gases company, it has no animal-derived products or inputs, making cruelty-free certification, ethical input substitution, and cage-free sourcing not applicable. There is no evidence of animal husbandry or captive operations, making humane certification and animal agriculture ethics not applicable. No specific evidence is provided for supplier audits related to animal welfare, investment in animal-free R&D, or participation in animal-free R&D collaborations. While the company engages in general sustainability policy discussions and has philanthropic investments in wildlife sanctuaries , there is no specific evidence of active engagement in animal welfare policy improvement or measurable biodiversity impact from conservation initiatives that align with the rubric's quantitative thresholds.

No War, No Weapons

Air Products and Chemicals Inc. is not directly involved in arms manufacturing, weaponry development, or the production of military-specific technologies. The company supplies industrial gases, such as bulk gaseous helium, liquid hydrogen, liquid nitrogen, and oxygen, to U.S. government agencies. These include the Department of Defense, Air Force, Space Force, and U.S. Customs and Border Protection, with contracts valued at approximately $97.8 million (four-year)

and $11.6 million for helium. It also supplies NASA facilities with liquid hydrogen (contracts exceeding $130 million) and liquid nitrogen and oxygen (a $36.9 million contract). While these gases are used in military and aerospace contexts, such as rocket fuel, they also have diverse civilian applications, including medical and environmental uses.

Planet-Friendly Business

Air Products has committed to reaching net-zero carbon emissions by 2050.

The company is investing in clean energy infrastructure, including a $4.5 billion low-carbon hydrogen facility in Louisiana and a green hydrogen complex in Saudi Arabia expected to produce 600 tonnes of carbon-free hydrogen daily. In June 2024, a 15-year agreement was signed to supply 70,000 tons of green hydrogen annually to Northern Europe starting in 2030, supported by 150 megawatts of solar power. Air Products also plans to build hydrogen refueling stations in Canada and Germany. The company aims to quadruple renewable energy usage by 2030 and reduce CO₂ emissions intensity by a third by 2030. In 2022, it enabled customers to avoid 86 million tons of CO₂ emissions and is developing water management plans for facilities in water-stressed areas.

Respect for Cultures & Communities

Air Products has established four formal partnerships with local community and cultural organizations. These include a $280,000 dedication to River Parishes Community College in December 2024 for workforce development

, a $1.5 million pledge to ArtsQuest in September 2024 for a new Cultural Center , a $175,000 contribution to the River Road African American Museum in September 2024 , and a $100,000 grant to the National Museum of Industrial History in January 2024 . The company also launched a program in October 2020 to provide safe drinking water to over 12,000 students in Xiangyuan County, China . In April 2023, experts raised concerns about potential unmarked graves on the site of a planned hydrogen manufacturing complex in Louisiana, where archaeologists found stones resembling grave markers .

Safe & Smart Tech

Air Products and Chemicals Inc. has not experienced any material information security breaches or cybersecurity incidents in the past three years, as of February 2026, and maintains a thorough cybersecurity program.

All employees participate in annual cybersecurity awareness training and monthly simulated email phishing events. The company states it complies with global data privacy laws, including GDPR and CCPA, and adheres to additional data protection requirements in operating countries. Its policy is not to hold personal information longer than necessary, governed by legal, tax, and operating obligations. Users have the right to access, rectify, oppose the processing, or delete their personal data, subject to applicable law.

Zero Waste & Sustainable Products

Air Products received 23 notices of violation and incurred $26,000 in regulatory fines for waste disposal in fiscal year 2023, indicating multiple serious issues.

This points to poor hazardous waste management, despite the company managing hazardous waste in accordance with regulations and using approved suppliers for treatment, storage, disposal, and recycling. The company implements several waste reduction initiatives, including a formal waste management hierarchy, periodic evaluation for reduction opportunities, beneficial reuse of acetylene by-product lime slurry, the Cryo-Condap® process for volatile organic chemical reuse, and biogas membrane separators to produce methane from farm or municipal waste. Circular design principles are applied through the supply of most products in reusable bulk or semi-bulk containers and cylinders with 10-25 year lifespans that are typically recycled. Additionally, the company produces hydrogen, carbon dioxide, and helium from industrial by-products and offers technologies like hydrogen for waste oil recycling and liquid nitrogen for cryogenic grinding to enable material recycling.