Air Liquide (AI) ESG Update summary

Environmental performance and decarbonization

• Achieved an 11% absolute CO2 emissions reduction since 2020, reaching the 2025 inflection point a year early, and reduced CO2 intensity by 41% since 2015, with 2024 at 4.3 kg CO2eq/€ EBITDA, surpassing targets.

• Over 40% of the project portfolio and purchased power is dedicated to energy transition and low-carbon sources, with more than 2,500 GWh of PPAs signed in 2024.

• Signed 2.5 TWh/year in new power purchase agreements in 2024, supporting further decarbonization.

• Launched the first Climate Transition Plan, detailing decarbonization pillars: low carbon power, carbon capture, asset management, and customer decarbonization.

• CryoCap technology and other solutions are being deployed to decarbonize hard-to-abate sectors like cement, steel, and chemicals.

Health, social, and societal impact

• Achieved 33% female representation in management roles in 2024, aiming for 35% by 2025, and reached 100% common care coverage for all employees a year ahead of schedule.

• 100% of employees have access to volunteering opportunities, with about 10% actively participating.

• Social impact initiatives have improved access to oxygen for 2.7 million people in Africa and supported 300 healthcare centers, including Mali in 2024.

• 57% of chronic patients in mature economies now have personalized care plans.

• Record low accident frequency rate of 0.7% in 2024, down 32% from 2023.

Governance, reporting, and risk management

• Published first CSRD-based sustainability statement in March 2024, three years ahead of competitors, with no auditor reserves and new disclosures on energy mix, fair wage, and Scope 3 emissions.

• Awarded for the quality of its Vigilance Plan, reflecting strong governance and risk management.

• Comprehensive mapping and risk management processes are in place for physical climate risks at industrial sites.

• Double materiality assessment and expanded disclosures implemented.

• Governance structure ensures accountability and risk mitigation.