Watts Water Technologies Publishes its 2022 Sustainability Report
May 31 2023 - 12:00PM
Business Wire
Watts Water Technologies, Inc. (NYSE: WTS) – through its
subsidiaries, one of the world’s leading manufacturers and
providers of plumbing, heating, and water quality products and
solutions – today announced the release of its 2022 Sustainability
Report, which highlights the Company’s environment, social and
governance (ESG) practices and its commitment to best-in-class
sustainability performance.
“In 2022, we continued to demonstrate that our commitment to
sustainability extends into every aspect of our business through
our ESG strategy, which guides our work to reduce our environmental
footprint, expand upon the positive environmental attributes of our
products, enrich and engage our communities and people, and adhere
to the highest ethical business practices,” said Robert J. Pagano,
Jr., CEO, President, and Chairperson of the Board. “We know that
the complex set of global water challenges such as access,
scarcity, pollution, and safety require the most capable,
committed, and diverse workforce, and I am extremely proud of our
teams’ commitment. Together with our employees, customers,
shareholders, and partners around the globe, we can drive the
change needed for a safer and more sustainable world.”
Key Watts accomplishments highlighted in the report include:
- Reached a significant milestone as the first company to achieve
verification by The Water Council’s WAVE Water Stewardship program.
WAVE exclusively grants this verification to companies that both
meet its rigorous standards of assessing enterprise-wide
water-related risk and take action to mitigate their water-related
impact on the environment.
- Implemented a formal Human Rights Policy outlining our
commitment to promoting human rights within our labor force,
including through support of and adherence to the United Nations
Global Compact and the Universal Declaration of Human Rights.
- Revised our strategic pillars to include an emphasis on DEI,
incorporated inclusion as a cultural behavior, and launched global,
multi-year leadership and inclusivity training for all
employees.
- Reduced global water use intensity by 11% and purchased 100%
certified renewable energy credits (RECs) to offset annual electric
consumption at seven U.S. sites, reducing greenhouse gas emissions
intensity by 31% (market based).
- Grew the total number of suppliers participating in
sustainability audits by 14% over 2021, and suppliers representing
more than 94% of our 2022 global annual spend certified their
conformance to our Supplier ESG Standards.
- Continued to design products and solutions to benefit users and
help their sustainability efforts based on the Company’s “triple
play” of Safety and Regulation, Water Conservation, and Energy
Efficiency, which make up 74%, 37%, and 24% of Watts revenue stream
respectively, with some products fitting into multiple
categories.
- Provided clean water access to disadvantaged communities
through the Company’s ongoing partnership with Planet Water
Foundation, which to date has benefited more than 55,000 people in
nine different countries. Last year, Watts funded and installed six
water purification and hand washing systems in Cambodia, India,
Mexico, the Philippines, and Indonesia, providing 10,800 people
with clean and safe drinking water daily.
- ESG research and data company Sustainalytics reported a 24%
improvement in our ESG score in 2022, promoting Watts to the
low-risk category. The Watts MSCI score was maintained at “AA,” and
for the fourth consecutive year, Watts was named one of America’s
Most Responsible Companies by Newsweek.
To download Watts’ 2022 Sustainability Report or learn more
about the Company’s ESG programs, visit
www.watts.com/our-story/sustainability
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. Watts Water companies and brands offer innovative
plumbing, heating, and water quality solutions for commercial,
residential, and industrial applications. The company employs 4,500
people across more than 23 countries. For more information, visit
www.watts.com.
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Watts Water Technologies, Inc. Diane McClintock Senior Vice
President FP&A and Investor Relations Telephone:
978-689-6153
Email: investorrelations@wattswater.com
Watts Water Technologies (NYSE:WTS)
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