L'Air Liquide (AI) ESG Update summary

Environmental and Climate Performance

• Achieved an 11% absolute CO2 emissions reduction since 2020, confirming a downward inflection point ahead of target.

• Carbon intensity per € EBITDA dropped 41% since 2015, reaching 4.3 kg CO2eq/€ in 2024.

• Over 40% of purchased power is now low carbon, with 2.5 TWh/year in new renewable power agreements signed in 2024.

• Two €500 million Green Bonds issued in 2024 and 2025 to finance flagship energy transition projects.

• Launched the first Climate Transition Plan, focusing on decarbonizing assets and enabling customer decarbonization in hard-to-abate sectors.

Social and Health Impact

• Provided personalized care to 57% of chronic disease patients at home and expanded oxygen access to 2.7 million people in Africa and low- and middle-income countries.

• Supported 300 healthcare centers in Africa, with Mali added in 2024.

• Increased female representation in management to 33%, aiming for 35% by 2025.

• Achieved universal care coverage for all employees ahead of schedule.

• 100% of employees have access to volunteering opportunities, target reached a year early.

Governance, Reporting, and Transparency

• Published first CSRD-based sustainability statement in March 2024, three years ahead of competitors, with no auditor reserves.

• Enhanced disclosures include more granular energy mix, fair wage, and Scope 3 emissions data, aligned with ESRS standards.

• Double materiality assessment and expanded disclosures implemented.

• Awarded 'Best CAC 40 Vigilance Plan' for responsible practices and recognized for robust governance and risk management.

• Record safety results with a frequency rate of 0.7 accidents per million hours worked, down 32% from 2023.