Xylem’s 2016 sustainability report published
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Xylem’s 2016 sustainability report published

Global water technology company Xylem Inc. has published its 2016 Sustainability Report this month, highlighting the challenges to the global potable water supply that face the world, and the progress the company is making in tackling them.

According to the report, the world’s expanding population, overtaxed water infrastructure, and unpredictable weather events are all clear indicators of the need for sustainable solutions to the world’s worries. It is vitally important that the means by which we combat these problems do not, in turn, exacerbate them further down the line. “Solving water”, as Xylem term what they do, is one of the U.N. Sustainable Development Goals. It is fundamental to “economic growth, a more equitable distribution of resources, and global health.”

Patrick Decker, president and CEO of Xylem, said:

“At Xylem, our sustainability strategy is tied directly to our business strategy, enabling sustainability to be effectively and seamlessly integrated into all we do. While we strive to reduce our own environmental footprint, we also are investing more than ever in research and development with a keen focus on smart technologies and integrated solutions that can help our customers manage their own operations more sustainably. These efforts – one customer at a time – enable us to help build more resilient communities around the globe.”

The report includes a run down on the progress Xylem is making against its “five-year goals”. These goals include reducing water use by 25% and greenhouse gas emissions intensity and waste-to-landfill by 20% each. The company claims it is “making good progress towards these goals with the help of our proprietary Eco-Efficiency Easy Tool” – a web based tool that allows sites to choose the actions “that are most relevant for implementation at their location” and manage the implementation process in terms of people and timelines.

The release of this report comes shortly after Xylem professed its continuing commitment to the Paris Climate Change Agreement, despite President Trump’s decision to withdraw from it.

Disclosure

Dominion holds Xylem Inc. in its Global Trends Managed Fund.


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