Sub-theme: Pollution control
Linde Plc produces and distributes industrial gases. The company operates globally supplying oxygen, hydrogen and other gases to a very wide range of downstream markets including into manufacturing industries, petrochemical and electronics industries. The gases are used in a variety of applications including in making manufacturing processes more efficient and in reducing harmful emissions. The company is establishing a strong presence in the green hydrogen market and also sells oxygen and other gases into the healthcare sector.
Impact Score: 22%
Approximately 60% of Linde’s revenue is linked with products that help reduce environmental impact. Typically, the use of the gases is required by regulation and they play a central role in delivering positive impact.
Fundamental Quality: 72%
Linde is one of only a small number of industrial gas companies globally. The use of industrial gases is growing slowly but the company is well-placed to benefit from stricter environmental and efficiency standards. The company has been a leader on ESG reporting and performance.
(per £1m invested in this company FY23)
- Auditor independence
- Director independence
- Excessive executive remuneration
- Net Zero Carbon strategy/targets
- Air separation and hydrogen production produce large amounts of greenhouse gases
- Transportation of liquified gases also generates greenhouse gases
- Operations produce hazardous waste and some toxic chemicals
