Xylem has announced that it has signed on to the American Business Act on Climate Pledge. The pledge was started by the Obama administration as a way for companies to demonstrate a commitment to climate action and to voice support for a strong outcome to the Paris climate negotiations.
As of December 1st, 154 companies have joined the American Business Act on Climate Pledge. These 154 companies employ nearly 11 million people and represent more than $4.2 trillion in annual revenue.
“The connection between climate and our shared water resources cannot be ignored,” said Patrick Decker, Xylem President and CEO. “Earlier this year, the World Economic Forum’s Global Risks 2015 report identified water crises as the biggest threat to our planet. 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.”
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.
“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,” Decker said. “We are also helping communities to adapt to climate 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.”
The 154 companies that have joined the pledge include Amazon, AT&T, Coca Cola, Disney, Facebook, Johnson & Johnson and Nike.
Here is 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:
Reduce greenhouse gas emissions intensity from Xylem facilities by 20% by 2020 compared to our 2014 baseline;
Reduce waste sent to landfill by 20% by 2020 compared to our 2014 baseline;
Reduce Xylem’s water use by 25% by 2020 compared to our 2014 baseline;
Invest in energy-efficiency retrofits – such as energy-efficient equipment – for our manufacturing facilities.
Continue investments in R&D to develop water technologies that are energy-efficient, reliable and help customers build climate resilience;
Introduce new products such as highly-efficient water technologies, pumps, and treatment solutions that use less energy and reduce lifecycle costs, including integration of renewable energy into key water technologies;
Continue investing in development of low-cost water technologies for communities in developing economies.
Our stakeholder engagement
Develop and promote research focused on understanding how the water sector can support climate change monitoring, mitigation and adaptation;
Continue advocating for private sector action in curbing climate change through partnering with organizations such as the Stockholm International Water Institute, Carbon Disclosure Project, CERES, and the UN Global Compact.