Fortune has selected Xylem as #23 on its Change the World list of top 50 companies in 2019, marking the second year in a row the company has been included. The Change the World list is a ranking of 52 companies that have made a significant social impact through their core business strategy. Xylem was recognized for its work with customers and communities around the world to bring digital transformation to the water sector and create a more sustainable world.
Patrick Decker, President and CEO of Xylem, said, “As water challenges escalate, our 17,000+ Xylem colleagues are working with customers and partners around the world to embrace what we refer to as the ‘Opportunity of a Lifetime’ – the opportunity to solve water by making this critical resource more accessible, affordable and sustainable for all. We are honored to be recognized by Fortune as a company that is driving the digital transformation of our industry while aiming to advance water security for all.”
Xylem is harnessing the power of data and analytics through its Decision Intelligence solutions. These offerings leverage information from a range of digital technologies – including sensors, meters and other enterprise data systems – to support dramatically better capital and operational decision-making, producing water, energy and cost savings for utilities and the communities they serve.
“We share this recognition with our customers and partners,” said Joseph Vesey, Chief Marketing Officer for Xylem. “The greatest difference we make is through the work we do together. We are proud to team every day with water champions around the world who are working tirelessly to solve water for their communities.”
Xylem is committed to creating both economic and social value, and the company’s sustainability efforts have been recognized across a number of key global sustainability indices – including MSCI and Sustainalytics. Xylem recently announced a new set of ambitious 2025 Sustainability Goals. Notable goals include optimizing global water management by saving more than 16.5 billion cubic meters of water through advanced technologies that avert water loss and enable water reuse, and by preventing over 7 billion cubic meters of polluted water from flooding communities or entering local waterways.
Fortune’s “Change the World” list, now in its fifth year, ranks companies using factors including measurable social impact, business results, degree of innovation and corporate integration.