Watts Water Technologies Publishes Its 2020 Sustainability Report
June 16 2021 - 4:00PM
Business Wire
Watts Water Technologies, Inc. (NYSE: WTS) – one of the world’s
leading manufacturers and providers of plumbing, heating, and water
quality products and solutions – today announced the release of its
2020 Sustainability Report, which highlights the Company’s
environment, social and governance (ESG) practices and its
commitment to best-in-class sustainability performance.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210616005719/en/
“After a year that challenged us in many ways, I am proud that
we never wavered in our commitment to protect and sustain the
world’s water supply through our diverse portfolio of water
technologies and solutions. As responsible corporate citizens, we
continued to make significant gains across each dimension of
sustainability while maintaining focus on meeting the needs of our
stakeholders,” said CEO and President Robert J. Pagano Jr. “I am
deeply grateful to all of our employees around the world for their
perseverance and dedication to Watts and our customers throughout
the COVID-19 pandemic. They protected themselves and each other,
while remaining steadfast in their commitment to supporting the
long-term goals of our business.”
Key accomplishments highlighted in the report include:
- Reduced consumption of natural resources, including a
33% reduction in global water consumption and 16% reduction in
greenhouse gas emissions. The Company also enabled smart monitoring
across 80% of its high water use facilities to promote early leak
and surge detection, and capitalized on investments in various
energy reduction projects.
- A continued shift toward an eco-friendlier portfolio of
products and solutions, including the Company’s high-efficiency
gas fired boilers and water heaters, which reduced more than
112,000 metric tons of CO2 for customers last year – four times
more CO2 than Watts itself generated. The Company remains committed
to deriving 25% of its revenue from smart and connected products
and solutions – which are designed to promote safety, energy
efficiency and water conservation - by 2023.
- Commitment to providing clean water access to disadvantaged
communities through the Company’s ongoing partnership with
Planet Water Foundation, which to date has impacted more than
30,000 people in eight different countries. Last year, Watts funded
and installed two water purifications systems in Mexico, providing
3,600 people with 10,000 liters of clean water daily.
- Recognition for sustainability performance from Newsweek
magazine, who named Watts among America’s Most Responsible
Companies for the second consecutive year. The top 400 companies,
spanning 14 industries, made the final list following a detailed
analysis of ESG performance from more than 2,000 companies and an
independent survey of 7,500 U.S. consumers.
To download Watts’ 2020 Sustainability Report or learn more
about the Company’s ESG programs, visit
www.watts.com/our-story/sustainability
About Watts Water Technologies
Watts Water Technologies, Inc., through its family of companies,
is a global manufacturer headquartered in the USA that provides one
of the broadest plumbing, heating, and water quality product lines
in the world. Its subsidiaries and brands offer innovative
plumbing, heating, and water quality solutions for commercial,
residential and industrial applications. For more information,
visit www.watts.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210616005719/en/
Timothy M. MacPhee Treasurer & VP - Investor Relations
1-978-689-6201 Timothy.MacPhee@wattswater.com
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