Xylem Inc.: “No one should face a hurricane alone”
Global water technology company Xylem Inc. has responded to the hurricanes that have blown through the Caribbean and parts of the U.S. in recent months. On a new page, the company proudly proclaims: “no one should face a hurricane alone.” The page goes on to detail how it can help to future-proof companies and communities, helping to “protect and minimize damage from devastating hurricanes.” But this is not Xylem’s first comment on the deadly weather patterns – it was amongst the first companies to respond to the devastation by helping to pump flooded areas.
Xylem’s share price has appreciated by 30% so far this year
SOURCE: Yahoo Finance
Xylem’s service is simple and specialist. The company says: “one of our pump experts will help you create a personalized contingency plan that identifies the right strategies, rental equipment and resources for your operations.” It is almost impossible to imagine a clearer example of why climate change, and the extreme weather patterns it is exacerbating, is driving businesses like Xylem to new heights.
Following Hurricane’s Harvey and Irma, Xylem pledged a million dollars in aid and volunteer work. The company’s president and CEO, Patrick Decker, said:
“Crises like these call for us all to help friends, colleagues and communities recover from devastating impact and loss. As communities are confronted with more severe weather events than ever before, we stand firm in our commitment to support them prepare for and recover quickly from the aftermath. Our thoughts are with all of those impacted as they begin to rebuild their lives.”
Dominion holds Xylem Inc. in its Global Trends Managed Fund.
If you would you like to receive the Newsfeeds daily, please click here to sign up now!Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
- Click here to print this story: Print
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.