2020 ANNUAL REPORT

-33% CARBON EMISSIONS BY 2035 
Air Liquide commits to decreasing its CO₂ emissions in absolute value by 33% by 2035. This includes direct emissions from its hydrogen production and cogeneration units, as well as indirect emissions from the production of electricity and steam purchased by the Group for its operations.

CARBON NEUTRALITY BY 2050

Air Liquide commits to reaching carbon neutrality by 2050, aligning the Group with international efforts to reduce global warming, as outlined in the Paris Agreement. 
This means significantly increasing the use of lowcarbon electricity for operations, implementing innovative carbon capture technologies, optimizing supply chains and improving the efficiency of our production units.

DEVELOPING LOW-CARBON SOLUTIONS FOR OUR CUSTOMERS AND FOR INDUSTRIES

We are not only reducing our carbon footprint but also helping industrial customers do the same. Drawing on our technological expertise and capacity for innovation, we are inventing cleaner, more sustainable solutions to reduce their emissions.

For example, the Group is working closely with the steel industry to reduce CO₂ emissions by using hydrogen on a large scale during the steel manufacturing process. We are also developing new technologies to capture and recycle carbon emissions from the steelmaking process.

ACCELERATING IN HYDROGEN

Hydrogen is a cornerstone of the energy transition. It offers a tremendous growth potential as a competitive low-carbon solution for many applications in the industrial, energy and mobility sectors. Deeply convinced that hydrogen will play a major role in the energy transition, the Group intends to be a key enabler of the hydrogen society thanks to its assets, technologies and expertise.

x3

Our hydrogen revenues will at least triple in size, increasing from 2 billion to more than 6 billion euros by 2035.

~€8 bn

invested in the low carbon hydrogen supply chain by 2035.

(1) In kg CO2 equivalent/euro of operating income recurring before depreciation and amortization at 2015 exchange rate and excluding IFRS16 for greenhouse gas emissions scopes 1 and 2, Location-based. 
(2) In the adjusted reporting framework, from a 2020 baseline of 32.5 million tonnes CO₂ eq (scopes 1 and 2), with scope 2 emissions in Market-Based.