Solutions from global water technology company Xylem (NYSE:XYL) helped prevent more than 500 billion liters of polluted water from flooding communities in 2021, according to the company’s annual Sustainability Report. The report highlights the company’s work with customers and partners to solve the world’s biggest water challenges. It also highlights Xylem’s progress in reducing its operational footprint, including reducing intensity of greenhouse gas emissions (Scope 1 and 2) by 12 percent and water consumption by 22 percent compared to 2019.
“It is a great privilege to have a leading portfolio of technologies and services that help our customers and communities solve the water challenges that are so important to a more sustainable world,” said Patrick Decker, President and CEO of Xylem. “We have a responsibility to make a difference alongside our customers and partners, and the communities we all serve. That’s why our sustainability report is more than just a set of numbers. It’s a report of the difference we make together, and an indicator of progress in our mission to solve the water issue.”
“Over the past year, we have intensified our efforts in three key areas. First, we help our customers manage their water resources more effectively, particularly through our digital solutions and services. Second, we are committed to protecting the climate by transforming the water sector through highly efficient technologies and our decarbonize our own zero emissions commitment. And finally, we remain committed to equitable access to clean water and sanitation around the world.”
Xylem offers advanced solutions and services that enable utilities, industrial companies and other water users to optimize their networks while meeting their own sustainability goals. As one of many examples, in 2021 Xylem’s technologies helped customers reuse more than 285 billion gallons of water. Building on its work to accelerate the decarbonization of the water sector, the company’s solutions helped customers reduce their carbon footprint by 0.73 million tons of CO2.
Last year, Xylem committed to achieving net-zero emissions in its own value chain by 2050. In addition to reducing its Scope 1 and 2 net GHG emissions intensity by 12 percent, Xylem now operates more than half of its large facilities on 100 percent renewable electricity. In 2021, the company launched an ambitious fleet electrification program that resulted in a 31 percent reduction in fleet GHG emissions in Europe and a 19 percent reduction in U.S. fleet GHG emissions in the first year.
In 2021, amid increasing extreme weather events, Xylem increased humanitarian support to communities affected by water-related disasters, providing expertise, technology and equipment to more than 15 countries. Xylem reached 1.4 million people with water education, driven in large part by the launch of a new three-year partnership with UNICEF in India.
“2021 was a year in which we continued to execute on our sustainability commitments across the business,” said Claudia Toussaint, Chief People and Sustainability Officer at Xylem. “We’ve put in place stronger internal reporting and controls, built expertise in functional areas like product development, operations and supply chain, and built sustainability into all of our activities – from the factory floor to the boardroom. Crucially, we’ve also taken steps to improve our workplace structured to best support the personal and professional development of our diverse team of 17,000 – the driving force behind our mission to solve the water issue.”
Other key highlights detailed in the report driving progress toward Xylem’s industry-leading sustainability goals through 2025:
- Nearly 6,000 young people from around the world took part in water innovation programs such as Xylem Ignite and the Stockholm Junior Water Prize, nurturing the next generation of talent in the water sector.
- 113,000 hours were volunteered by employees, with 78 percent of employees participating in water-related activities in their local communities.
- 400 suppliers have been included in the WASH4WORK pledge for access to safe water, sanitation and hygiene (WASH).
For more information on Xylem’s sustainability progress, see the Sustainability Report Making Waters Future Sustainable.
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Xylem (XYL) is a leading global water technology company dedicated to solving critical water and infrastructure problems through innovation. Our 17,000 employees generated sales of $5.2 billion in 2021. We create a more sustainable world by empowering our customers to improve water and resource management and helping communities in more than 150 countries become water secure. Visit us at www.xylem.com.
Statements contained in this press release regarding future performance and results, expectations, goals, plans, strategies, priorities, commitments and other statements, including those relating to social, environmental and sustainability matters that are not historical facts, are forward-looking statements within the meaning of the US federal securities laws. Forward-looking and other statements contained in this document that relate to our environmental and other sustainability plans and goals are not intended to indicate that such statements are necessarily material to investors or required disclosure in our filings with the SEC. In addition, historical, current and forward-looking social, environmental and sustainability statements may be based on standards for measuring progress that are still under development, internal controls and processes that evolve, and assumptions that may change in the future can change. Forward-looking statements are based on current beliefs, expectations and assumptions and are subject to significant risks, uncertainties and changes in circumstances that could cause actual results to differ materially from the forward-looking statements. A detailed discussion of the risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our Risk Factors, as may be amended from time to time, and set forth in our filings with the SEC, including under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021. Readers of this press release are cautioned not to place undue reliance on these forward-looking statements, as there can be no assurance that these forward-looking statements will prove to be accurate. We expressly disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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