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Xylem publishes its 2016 Sustainability Report: Why We Solve Water
June 14, 2017
RYE BROOK, N.Y.--(BUSINESS WIRE)--Jun. 14, 2017--
Solving the planet’s water challenges has never been more urgent. A
growing population, overtaxed water infrastructure and increasing
weather events all highlight the need for sustainable solutions. And
solving water – one of the U.N. Sustainable Development Goals – is
foundational to economic growth, a more equitable distribution of
resources and global health.
Today, Xylem (NYSE:XYL), a leading global water technology company,
published its 2016
Sustainability Report, which outlines its progress in advancing
solutions to global water and energy resource challenges.
“At Xylem, our sustainability strategy is tied directly to our business
strategy, enabling sustainability to be effectively and seamlessly
integrated into all we do,” said Patrick Decker, President and CEO of
Xylem. “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.”
In the report, the Company details its progress against its five-year
sustainability goals, which include reducing water use by 25 percent and
greenhouse gas emission intensity and waste-to-landfill by 20 percent
each. Xylem increased its vitality index goal from 25 percent to 30
percent by 2020, which reflects the addition of the Sensus business, a
leader in smart metering and network technologies. The Company defines
its vitality index as the percentage of sales from products launched in
the past five years.
Xylem also is committed to driving external engagement on water
challenges in order to advance research and dialogue around sustainable
water management solutions. Through Xylem Watermark, the Company’s
corporate citizenship initiative, Xylem colleagues around the world are
making an impact in their own communities by volunteering in
water-related activities. The Company’s employees logged more than
21,000 volunteer hours in 2016.
Earlier this month, Xylem issued a statement outlining its continued
commitment to the Paris Climate Agreement, highlighting the need for
practical solutions and innovative technologies to help global
communities mitigate the impacts of climate change and adapt to its
resulting effects, such as prolonged drought and increased flooding.
Xylem (XYL) is a leading global water technology company committed to
developing innovative technology solutions to the world’s water
challenges. The Company’s products and services move, treat, analyze,
monitor and return water to the environment in public utility,
industrial, residential and commercial building services, and
agricultural settings. With its October 2016 acquisition of Sensus,
Xylem added smart metering, network technologies and advanced data
analytics for water, gas and electric utilities to its portfolio of
solutions. The combined Company’s nearly 16,000 employees bring broad
applications expertise with a strong focus on identifying comprehensive,
sustainable solutions. Headquartered in Rye Brook, New York with 2016
revenue of $3.8 billion, Xylem does business in more than 150 countries
through a number of market-leading product brands.
The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of
our water-centric business by linking it with the best water
transportation of all – that which occurs in nature. For more
information, please visit us at www.xylem.com.