Xylem Inc. named a world-changer second year in a row
Global water technology market leader Xylem has been named in Fortune magazine’s “Change the World” list for the second year in a row. The list is a ranking of 50 companies that have made a significant social impact through their core business strategy – in Xylem’s case, it was named for its work with customers and communities around the world, bringing digital transformation into the water sector, and helping to create a more sustainable and water-secure world.
Xylem’s share price has appreciated by 17% so far this year
Source: Yahoo Finance
Xylem is using sophisticated analytics to increase communities’ access to water, as well as the robustness of their infrastructure. As global warming continues apace, Xylem’s tech is helping water systems shift to a proactive mode of conservation and management, rather than focusing on emergency responses to crises. The result is better affordability and sustainability in a sector that will bear the brunt of overpopulation and warmer environments.
In a statement over the inclusion, Xylem’s CEO, Patrick Decker, made the following statement: “As water challenges escalate, our 17,000+ Xylem colleagues are working with customers and partners around the world to embrace what we refer to as the ‘Opportunity of a Lifetime’ – the opportunity to solve water by making this critical resource more accessible, affordable and sustainable for all. We are honored to be recognized by Fortune as a company that is driving the digital transformation of our industry while aiming to advance water security for all.”
Dominion holds Xylem Inc. in its Global Trends Managed Fund.
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