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Xylem named to FORTUNE “Change the World” list
August 20, 2018
RYE BROOK, N.Y.--(BUSINESS WIRE)--
Global water technology company, Xylem (NYSE:XYL), has been included on
"Change the World" list, a ranking of 50 companies that
have made a significant social impact through their core business
strategy. Listed as number 7 in the ranking, Xylem has been recognized
for creating tangible social value through its innovative solutions that
are helping to solve water challenges across the world.
Patrick Decker, President and CEO of Xylem, said, “At Xylem, we are
privileged to operate in an industry where we pioneer innovative
approaches and technologies that are not only core to our business, but
also have a lasting impact on communities. We are honored to be
recognized by FORTUNE as a company that is driving social impact - a
testament to the work of Xylem’s nearly 17,000 colleagues who are
committed to making water safer, more accessible and more affordable for
people and communities around the world. Our global mission of solving
water is rooted in our purpose as an enterprise, which is to create both
social and economic value in all that we do.”
Now in its fourth year, FORTUNE’s “Change the World” list ranks
companies using factors including measurable social impact, business
results, degree of innovation and corporate integration. Notable Xylem
initiatives recognized by FORTUNE include the Company’s ongoing work to
help strengthen cities’ resilience so they are better equipped to cope
with the impact of climate change and natural disasters, and Xylem’s
actions to advance smart water solutions. The Company’s role in
supporting the Thai cave rescue mission was also noted. A team of Xylem
engineers worked with the Thai authorities to re-configure the
dewatering pumps in place at the cave, increasing pumping capacity by 40
percent and enabling the successful rescue of the young soccer team and
Over the past year, Xylem has received a number of recognitions 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 efforts.
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.
FORTUNE “Change the World” list methodology
The Change the World list recognizes companies that have had a positive
social impact through activities that are part of their core business
strategy. Companies with annual revenues of $1 billion or more are
Measurable social impact: We consider the reach, nature, and
durability of the company's impact on one or more specific societal
problems. This category receives extra weight.
Business results: We consider the benefit the socially impactful work
brings to the company. Profitability and contribution to shareholder
value outweigh benefits to the company's reputation.
Degree of innovation: We consider how innovative the company's effort
is relative to that of others in its industry and whether other
companies have followed its example.
Corporate Integration: We consider how integral the initiative is to a
company's overall strategy, and how well that strategy is communicated
through the ranks and elsewhere.