2022 Annual Report

Advancing with confidence

A strategy guided by ADVANCE, our 2025 plan

The Group is pursuing its ADVANCE plan, placing sustainable development at the heart of its strategy and positioning itself on the path to global performance that combines financial and extra-financial performance.

Delivering strong global performance

The Group is rising up to an ambitious challenge: continuing its growth dynamic and improving profitability all while meeting its commitments to reduce CO2 emissions and invest in the markets of the future.

  • +5 to 6% average annual sales growth(1)
  • >10% ROCE from 2023
  • Start reducing CO2 emissions by 2025

Decarbonizing the planet

The Group is affirming its leading role in the decarbonization of industry and the dawn of a low-carbon society in which hydrogen has a key role to play. The Group is committed to decarbonizing its own operations while helping customers to do the same. Air Liquide plans to reach carbon neutrality by 2050, with an intermediate step of beginning to reduce its CO2 emissions around 2025.

  • -33% CO2 emissions by 2035(2)
  • ~50% of industrial investment decisions will be devoted to the energy transition(3)

Unlocking progress via technology

Thanks to its capacity for innovation and its technological expertise, the Group is contributing to the development of five markets of the future: hydrogen mobility, electronics, healthcare, industrial merchant and high technologies.

~€8 billion will be invested in the low-carbon hydrogen value chain by 2035

Acting for all

As a civic-minded company, Air Liquide strives to ensure that everything it does is in the interests of its employees, customers, patients, shareholders and partners, and, beyond that, of society as a whole.

  • 35% of engineers and managers will be women by 2025
  • Providing 100% of our employees with common basis of care coverage by 2025
  1. Compound annual growth rate (CAGR) of sales, on a comparable basis, over the period 2021-2025.
  2. In tons of CO2 equivalent, adjusted to include, from 2020 and for each subsequent year, the full year’s emissions of assets acquired and integrated after 2020, scopes 1 and 2. Scope 2 emissions are calculated from purchased supplies (a market-based method): the Group uses the method recommended by the GHG Protocol.
  3. Industrial investment decisions for projects over €5 million.