Xylem highlights its continuing commitment to global sustainability in its annual Sustainability Report: “The Opportunity of a Lifetime”
June 21, 2018
RYE BROOK, N.Y.--(BUSINESS WIRE)--
Today, Xylem (NYSE:XYL), a leading global water technology company,
published its 2017
Sustainability Report: "The Opportunity of a Lifetime,"
which outlines its commitment to partnering with customers and
communities to pioneer new approaches to help solve the major water
challenges of our time. The report also spotlights Xylem’s progress over
the past year to advance its sustainability goals.
“At Xylem, we believe that if you can change water, you can change
everything,” said Patrick Decker, President and CEO of Xylem. “Every
day, we focus on harnessing the expertise and commitment of our nearly
17,000 colleagues to help make water safer, more accessible and more
affordable for people and communities around the world. Working
together, we are united in our purpose of creating both economic and
“As a global corporate citizen, we also continue to reduce our own
environmental footprint and invest in communities around the world
through both philanthropy and employee volunteerism. We believe that
sustainability is a cornerstone of good business strategy, and our
commitment to sustainability continues to be a key driver of our growth
and our ability to deliver value to all of our stakeholders.”
In the report, Xylem details its progress against its five-year
sustainability goals, which include reducing water use by 25 percent and
greenhouse gas (GHG) emissions intensity and waste-to-landfill by 20
percent each by 2019. Milestones include:
Increasing the Company’s vitality index by 500 basis points to 24
percent against its goal of 30 percent, fueled by investments in
innovation and accelerating new product development. The Company
defines its vitality index as the percentage of sales from products
launched in the past five years.
Reducing GHG emissions intensity by 19 percent, driven in large part
by the growing number of Xylem sites utilizing green electricity.
Decreasing water intensity by nearly 17 percent largely through more
water collection and reuse at facilities.
Diverting total waste to landfill by nearly 42 percent.
Xylem is also committed to driving external engagement on water
challenges, advancing dialogue and action around sustainable water
management solutions. For example, in 2017, the Company signed the CEO
Water Mandate, a UN Global Compact Initiative. Through Xylem Watermark,
the Company’s corporate citizenship initiative, Xylem colleagues across
the globe made a difference in their own communities by volunteering
more than 35,000 hours in water-related activities.
Over the past year, Xylem was recognized for its leadership in
sustainability. Forbes and JUST Capital included Xylem in their
America’s Most JUST Companies list and Barron’s ranked Xylem in
the top 10 on its inaugural list of the 100 Most Sustainable Companies
headquartered in the United States. Xylem also received an Engage for
Good Gold Halo Award for the Company’s Watermark employee volunteerism
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 settings. Xylem
also provides a leading portfolio of smart metering, network
technologies and advanced infrastructure analytics solutions for water,
electric and gas utilities. The Company’s more than 16,500 employees
bring broad applications expertise with a strong focus on identifying
comprehensive, sustainable solutions. Headquartered in Rye Brook, New
York with 2017 revenue of $4.7 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.