Newsweek Names Praxair One of World's Greenest Companies; Ranks No. 30 in the United States and No. 52 in the World

DANBURY, Conn.--(BUSINESS WIRE)--

Praxair, Inc. PX, a Fortune 250 company and recognized global leader in sustainable development, announced today that Newsweek has ranked Praxair No. 30 in the U.S. 500 and No. 52 in the Global 500 Newsweek Green Rankings. Praxair was ranked No. 3 in the Global 500 worldwide Materials sector. This is the fifth time Praxair was cited by Newsweek as a Top Green Company, being recognized each year the study has been published.

Newsweek Green Rankings is one of the world's foremost corporate sustainability and environmental rankings, comprehensively assessing the performance of the largest publicly traded companies in the United States and around the world.

“We are pleased to once again be recognized for our employees' commitment to making our planet more productive,” said Steve Angel, Praxair chairman and chief executive officer. “Environmental and social responsibility are not just slogans at Praxair; they are core values that we take very seriously and have embedded in our culture over many years. Our employees around the world are focused on reducing energy consumption and driving environmental improvements across Praxair as well as delivering environmental and social benefits to our customers, our communities and our planet.”

Praxair has a long history of being recognized for its commitment to sustainable development. Most recently, the company was named in CR Magazine's 100 Best Corporate Citizens list. Praxair is also the only U.S. chemical company selected for 11 consecutive years to the prestigious Dow Jones World Sustainability Index. In 2013 Praxair was listed in the Global Carbon Disclosure Index for the 6th consecutive year, one of only four companies in the world to have this distinction. For more information about Praxair's Sustainable Development program, please visit the company's Reporting Center.

Newsweek's Green Rankings ranks the largest companies in the United States and globally, based on criteria for Environmental and Social Governance (ESG). The Newsweek rankings are the result of a rigorous review by a leading sustainability ranking organization and an advisory board that includes sustainability experts.

About Praxair

Praxair, Inc., a Fortune 250 company with 2013 sales of $12 billion, is the largest industrial gases company in North and South America and one of the largest worldwide. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and many others. More information about Praxair, Inc. is available at www.praxair.com.