AIR LIQUIDE.
AIL.XETRA | Manufacture of basic chemicals
Air Liquide S.A. is a multinational company specializing in industrial gases and services. It provides oxygen, nitrogen, argon, hydrogen, and other gases to various industries, including healthcare, chemicals, electronics, metallurgy, manufacturing, and food processing. The company's activities enco...Show More
Better Health for All
-50
Air Liquide's core business includes medical oxygen and healthcare services, which provide substantial health benefits, supporting over 2.7 million people in Senegal, South Africa, Kenya, and Mali through its Access Oxygen™ program, and caring for approximately 2.1 million patients at home.
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The Access Oxygen™ program, developed in 2016, aims to increase access to medical oxygen in low- and middle-income countries (LMICs).
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During the COVID-19 pandemic, the company reallocated industrial liquid oxygen (LOX) to medical LOX and adapted distribution, with some emergency approaches now institutionalized.
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However, these initiatives reached approximately one-third (39 of 108) of the LMICs in scope.
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Medical oxygen prices were noted to be up to seven times higher in Africa than industrial oxygen, with limited long-term affordability strategies beyond ad-hoc donations.
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Some companies, including Air Liquide, reported installing new LOX-producing Air Separation Units (ASUs) in LMICs.
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Additionally, Air Liquide provides training to healthcare facility staff on handling and administering oxygen, including maintenance and safety.
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Fair Money & Economic Opportunity
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No evidence available to assess AIR LIQUIDE on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
20
The company reported a lost-time accident frequency rate of 0.7 accidents per million hours worked in 2024, which translates to a TRIR of 0.14 per 200,000 hours.
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The unadjusted gender pay gap was 6.7% in 2024.
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The employee turnover rate was 13.5% in 2024.
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In 2024, 100% of employees had a common basis of care coverage, including health coverage.
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The company's employee engagement survey, 'My Voice', had an 83% participation rate in 2024.
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Between 2000 and 2022, the company incurred $529,664 in penalties for 16 employment-related offenses and $389,135 for 9 labor relations violations.
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One review noted that the company usually hires on a contract basis, and 25-30% of the workforce is in temporary roles with conversion targets set.
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Fair Trade & Ethical Sourcing
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Air Liquide reported zero severe human rights incidents, including forced or child labor, in its operations in 2024.
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The company has a Vigilance Plan in place since 2017 to identify and prevent human rights risks across its subsidiaries, suppliers, and subcontractors, indicating proactive risk assessments.
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For traceability, the carbon footprint of ECO ORIGIN™ gases is certified by an independent body to ISO standards, and medical gases are subject to specific pharmaceutical traceability.
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However, only approximately 10% of suppliers are traceable through tier 2, with deeper tiers unmapped. Regarding remediation, alerts reported via the ethics whistleblowing system are acknowledged within seven days, and feedback is provided to the whistleblower within three months (90 days).
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A sustainability clause, covering compliance with the Supplier’s Code of Conduct, safety, and environment, is included in contract templates used by procurement teams and signed by suppliers.
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Adherence to the Supplier's Code of Conduct is a prerequisite for commercial relations.
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In France, 1.5 million euros were spent with disability-inclusive companies in 2021.
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This amount represents less than 1% of the 2024 Group Revenue of 27,058 million euros, which is used as a proxy for the procurement budget.
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Honest & Fair Business
40
Air Liquide has a formal whistleblower protection policy, "EthiCall", implemented in 2015 and mandatory since late 2016, covering all employees and stakeholders, including third-party suppliers.
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The system is available 24/7 in multiple languages, allows anonymous reporting where permitted, and prohibits retaliation.
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In 2024, 560 reports were received, with 38% substantiated.
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The policy aims for a maximum resolution time of two months.
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The median complaint resolution time is generally within two months.
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As of December 31, 2024, 83% of the board members are independent directors, excluding employee directors.
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Air Liquide has a comprehensive anti-corruption policy as part of its Code of Conduct, updated in 2021, which includes annual mandatory e-learning modules for all employees.
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Kind to Animals
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Air Liquide's subsidiary, SEPPIC, manufactures adjuvants for livestock vaccines, a practice related to animal agriculture.
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However, the company does not have direct animal agriculture operations or sourcing that would be assessed for ethical practices, thus scoring N/A. Air Liquide received a grant from the Michael J. Fox Foundation for Parkinson’s Research for preclinical evaluation.
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While this indicates participation in a collaborative initiative, the evidence does not specify that this collaboration is focused on developing industry-wide animal-free testing or sourcing standards, leading to an N/A score.
No War, No Weapons
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Air Liquide states it undertakes to respect applicable international trade sanctions and export controls, and its entities in Russia are no longer consolidated.
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The company explicitly states it neither produces controversial weapons nor cultivates or produces tobacco.
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Air Liquide shares the principles laid down in the UN Guiding Principles on Business and Human Rights, the UN Global Compact, the International Bill of Rights, the ILO Declaration, and the OECD Guidelines.
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Its 2024 Vigilance Plan is reviewed by the Ethics and Compliance Committee and the Environment and Society Committee before approval by the Board of Directors, and it received the Special Jury Prize awarded by the Forum for Responsible Investment (FIR) for its Vigilance Plan in 2024.
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Planet-Friendly Business
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Air Liquide has a target to achieve carbon neutrality across its entire value chain by 2050.
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Its target to reduce Scope 1 and 2 CO2 emissions by 33% by 2035 compared to 2020 has been validated by the Science Based Targets initiative (SBTi) as 'well-below 2°C'.
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In 2024, over 40% of the Group's purchased power was low-carbon (renewable or nuclear).
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The company's EU Taxonomy aligned capital expenditure is 30% of eligible CAPEX.
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Air Liquide reported that 17% of its feedstock was recycled in 2024.
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The company has identified 76 priority sites in areas projected to be in high water stress by 2025.
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Air Liquide has incurred $14,765,020 in environment-related penalties across 52 records since 2000.
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The company has published its first climate transition plan and states TCFD alignment.
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Respect for Cultures & Communities
30
Air Liquide reported no cultural appropriation incidents in 2024.
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The company provides a whistleblowing service, EthiCall, available to staff, third-party suppliers, and external stakeholders, including local communities, covering human rights incidents.
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This system is available to people situated in local communities where Air Liquide sites or projects are located.
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The Code of Conduct is available in 28 languages, and alerts may be reported in local languages via EthiCall.
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While the company commits to closing every case in less than 2 months, feedback to whistleblowers is provided no later than 3 months, with a possible extension of up to 3 additional months.
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In 2024, 97% of employees completed the Code of Conduct related training, which includes information about the whistleblowing program, but specific cultural sensitivity training completion is not detailed.
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Safe & Smart Tech
0
No specific, quantifiable evidence was found for any of the Safe & Smart Tech KPIs that applies to Air Liquide company-wide. While some articles mention security practices of a vendor (Zycus) used by Air Liquide for digital procurement, these practices and certifications are specific to the vendor's solution and cannot be attributed to Air Liquide's overall operations.
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Additionally, a data breach was reported on February 10, 2025, but the leak size is unknown, preventing a quantitative assessment against the rubric's thresholds.
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Information regarding Air Liquide's CSIRT mentions PGP encryption for sensitive information and encryption for authenticated communication, but lacks the quantitative data (e.g., percentage of data encrypted or services with MFA) required by the rubric for scoring.
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Zero Waste & Sustainable Products
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No specific, quantitative data was found in the provided articles for any of the Zero Waste & Sustainable Products KPIs.
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The articles discuss general commitments to sustainability, circular economy principles for biomethane production,
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and investments in renewable hydrogen,
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but lack concrete metrics such as waste diversion rates, product recyclability percentages, or specific waste reduction targets with timelines for the company's overall operations or products. Mentions of 'circular economy principles' or 'waste reduction initiatives' are general or refer to process design rather than product design, and lack specific, measurable outcomes or company-wide application.
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