RYE BROOK, N.Y.--(BUSINESS WIRE)--Dec. 1, 2015-- Xylem Inc. (NYSE:XYL), a leading global water technology company dedicated to solving the world’s most challenging water issues, today announced that it has signed on to the American Business Act on Climate Pledge, joining more than 140 companies from across the U.S. economy that are standing with the Obama Administration to demonstrate an ongoing commitment to climate action and to voice support for a strong outcome to the COP21Paris climate negotiations.
“The connection between climate and our shared water resources cannot be ignored. Earlier this year, the World Economic Forum’s Global Risks 2015 report identified water crises as the biggest threat to our planet,” said Patrick Decker, Xylem President and CEO. “As a leader in the water technology industry, we view climate change as a vital opportunity to create value for all stakeholders and we are proud to join this important pledge. Through our energy efficient technologies that help mitigate the effects of climate change in water infrastructure, we help customers and partners around the globe to reduce emissions. We are also helping communities to adapttoclimate change with solutions that increase resilience to droughts and floods, making them more water-secure. By promoting sustainable solutions, we will continue to meet our customers’ needs while also advancing socially responsible business practices as a citizen of the global community.”
As part of its ongoing work on sustainable practices, Xylem recently published its Powering the Wastewater Renaissance report, which concluded that nearly half of the electricity-related emissions in wastewater management can be abated at a negative or neutral cost with the use of proven, readily available technologies.
Xylem’s American Business Act On Climate Pledge
We applaud the growing number of countries that have already set ambitious targets for climate action. In this context, we support the conclusion of a climate change agreement in Paris that takes a strong step forward toward a low-carbon, sustainable future.
We recognize that delaying action on climate change will be costly in economic and human terms, while accelerating the transition to a low-carbon economy will produce multiple benefits with regard to sustainable economic growth, public health, resilience to natural disasters, and the health of the global environment. We put forth our pledges as follows:
Climate change will exacerbate the water challenges that lie at the heart of Xylem’s work. In response, we are developing mitigation and adaptation solutions that will improve the efficiency of the water sector and build resilience to the water-related challenges associated with climate change. We have also set ambitious operational targets for ourselves related to climate change. We pledge to do the following between now and 2020:
Our stakeholder engagement
Xylem (XYL) is a leading global water technology provider, enabling customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings. The company does business in more than 150 countries through a number of market-leading product brands, and its people bring broad applications expertise with a strong focus on finding local solutions to the world’s most challenging water and wastewater problems. Xylem is headquartered in Rye Brook, New York with 2014 revenues of $3.9 billion and approximately 12,500 employees worldwide. Xylem was named to the Dow Jones Sustainability Index for the last four years for advancing sustainable business practices and solutions worldwide, and the Company has satisfied the requirements to be a constituent of the FTSE4Good Index Series each year since 2013.
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.
Source: Xylem Inc.