Approximately two-thirds of Praxair's annual revenues are derived from products and technologies that help its customers reduce their environmental footprints, improve energy efficiency, and/or decrease use of raw materials. For example, oxygen can be used to increase combustion efficiencies in industrial applications, or hydrogen gas can aid in the de-sulfurization process for gasoline--both result in fewer emissions and a cleaner environment.
We believe the key to Praxair's growth and success is the development of green technologies that help customers improve energy efficiency and reduce environmental impacts via high-efficiency combustion processes, fuel cells, and natural gas fuel technologies. Portfolio 21 has asked Praxair for improvements in two areas: global certification of its environmental management systems to the ISO 14001 standard, which we believe would enhance regulatory compliance, and improved sustainability reporting.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 9/30/12 and may not reflect current opinions or subsequent events.