Company Profiles
Portfolio 21 Holdings
- Abengoa
- Acciona
- Accor
- Adobe
- Agilent
- Air Liquide
- Air Products and Chemicals
- Applied Materials
- Atlas Copco
- Autodesk
- Aviva
- Baxter International
- Bristol-Myers Squibb
- British Land Company
- British Sky Broadcasting
- BT Group
- Canadian Pacific Railway
- Canon
- Carrefour
- Dell
- Denso
- Deutsche Bank
- Deutsche Post
- Dexia
- East Japan Railway
- Eaton
- Echelon
- EDF Energies Nouvelles
- Electrolux
- Ericsson
- Friends Provident
- Fuel Tech
- Gushan Environmental
- H. Lundbeck
- Henkel
- Hennes & Mauritz (H&M)
- Herman Miller
- Hewlett-Packard
- HSBC
- Husqvarna
- Hyflux
- Iberdrola Renovables
- IBM
- Intel
- Interface
- JM
- Johnson Controls
- Kao
- Kingfisher
- Kurita
- Linde
- Marks & Spencer
- Matsushita
- Mitsubishi Electric
- Mitsui O.S.K. Lines
- MTR
- Munich Re
- Nine Dragons
- National Express
- National Grid
- Natura Cosmeticos
- Netapp
- Nike
- Nokia
- Novartis
- Novo Nordisk
- Novozymes
- Olympus
- Ormat
- Philips Electronics
- Potlatch
- Praxair
- Prologis
- Red Electrica
- Reed Elsevier
- Royal Bank of Canada
- Schneider Electric
- Schnitzer Steel
- Severn Trent
- Sharp
- Shimano
- Siemens
- Skanska
- SKF
- Sompo Japan Insurance
- Sonoco
- Sony
- Staples
- STMicroelectronics
- Stora Enso
- Storebrand
- SunPower
- Suntech Power
- Svenska Cellulosa (SCA)
- Swedbank
- Swiss Re
- Swisscom
- Tandberg
- Teijin
- Telstra
- Telefonica
- TNT
- Tomra Systems
- Trex Company
- Trustpower
- UBS
- Umicore
- Unicredito Italiano
- United Natural Foods
- Verbund
- Vestas Wind Systems
- VMware
- Volvo Group
- Westpac Banking Corporation
- Whole Foods Market
- Xerox
Air Liquide
France
Air Liquide produces and distributes industrial gases, medical gases and associated equipment. Two of Air Liquide's core services are associated with the provision of oxygen and hydrogen. These gases are used for a variety of purposes, including numerous applications with environmental benefits. For example, oxygen can be used to assist the combustion process in industry applications, thereby increasing efficiency and reducing emissions. Similarly, hydrogen can be used to remove sulfur from fuels, resulting in cleaner fuels and a cleaner environment. Other applications of industrial gases include the use of ozone (rather than chlorine) in the paper pulp bleaching process, or the use of oxygen to improve the performance of lead-free solder. Over half of the company's research and development budget is linked to projects focused on saving energy, cleaner production, and implementing new energy sources (such as fuel cells). Air Liquide reports good environmental metrics, but we suggest the company provide a comprehensive environmental report. Additionally, the company should obtain ISO 14001 certification for its environmental management system and should develop greenhouse gas emissions reductions goals.
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 8/30/07 and may not reflect current opinions or subsequent events.