Praxair Again Named a World’s Most Ethical Company by Ethisphere Institute

February 15, 2018

DANBURY, Conn.–(BUSINESS WIRE)–$PX #PraxairInc—Praxair,
Inc. (NYSE:PX), a leading industrial gas company, was named a 2018
World’s Most Ethical Company® by the Ethisphere Institute for
the second straight year. The Institute is a global leader in defining
and advancing the standards of ethical business practices.

In 2018, 135 companies across 23 countries and 57 industries were
recognized as Most Ethical Companies by the Institute. Praxair is one of
only three companies in the Chemical sector to have been recognized. The
award reflects Praxair’s leadership and commitment to the ethical
business standards and practices it sets globally.

“Our commitment to doing business the right way is the foundation of the
strong relationships we build with all Praxair stakeholders,” said Steve
Angel, Praxair chairman and chief executive officer. “There is no
substitute for having a strong culture of integrity and ethics, both
core values at Praxair.”

The World’s Most Ethical Company assessment is based upon the Ethisphere
Institute’s Ethics Quotient® (EQ) framework, which
offers a quantitative way to assess a company’s performance in an
objective, consistent and standardized way. Performance scores were
generated across five key categories: ethics and compliance, corporate
citizenship and responsibility, culture of ethics, governance and
leadership, innovation and reputation.

The full list of the 2018 World’s Most Ethical Companies can be found at https://www.worldsmostethicalcompanies.com/honorees/.

About Praxair

Praxair, Inc. is a leading industrial gas company in North and South
America and one of the largest worldwide.
With market capitalization of approximately $40 billion and 2017 sales
of $11 billion, the company employs over 26,000 people globally and has
been named to the Dow Jones® World Sustainability Index for 15
consecutive years. Praxair produces, sells and distributes atmospheric,
process and specialty gases,
and high-performance surface
coatings. Our products, services
and technologies are making our planet more productive by
bringing efficiency and environmental benefits to a wide variety of industries,
including aerospace,
chemicals,
food
and beverage, electronics,
energy,
healthcare,
manufacturing, primary metals
and many others. For more information about the company, please visit
our website at www.praxair.com.