A. O. Smith Corporation Publishes 2024 Sustainability Report

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A. O. Smith (NYSE: AOS) has released its 2024 Sustainability Report, marking its fourth sustainability publication in six years. The company announced its first public water goal, targeting an annual water savings of 40 million gallons by 2030. Key achievements include surpassing their greenhouse gas emissions reduction goal by 17% and donating over $1.75 million to 199 nonprofit organizations in 2023.

The report, coinciding with the company's 150th anniversary, outlines progress in water heating and treatment technologies, policy advocacy, and employee development. A. O. Smith made significant strides in sustainability through administrative controls, process optimization, and water recycling technologies while maintaining leadership in energy and water efficiency standards.

Announces water goal; shares progress on greenhouse gas emissions reduction

MILWAUKEE, Nov. 7, 2024 /PRNewswire/ -- Global water technology company A. O. Smith Corporation ("the Company") (NYSE: AOS) announced the release of its 2024 Sustainability Report, which documents the company's environmental, social and governance activities, progress and performance over the past two years. The report also announces the company's first public water goal — an annual water savings of 40 million gallons by 2030. This is the fourth sustainability report released by the company in the last six years.

A. O. Smith announces first public water goal in 2024 Sustainability Report.

"This year, we're celebrating 150 years as a company and the legacy we've built on innovation, quality and a steadfast commitment to serving our customers," said Kevin J. Wheeler, chairman and chief executive officer. "The company's fourth Sustainability Report showcases our team's hard work and dedication and our enduring commitment to sustainability and water stewardship."

Over the last two years, A. O. Smith made significant strides in its commitment to sustainability, including:

• Announcing its first public enterprise-wide water goal with a focus on administrative controls, process optimization and water recycling technologies to advance our commitment to water stewardship
• Continuously innovating our water heating and water treatment technologies to be an industry leader in energy and water efficiency to consistently exceed regulatory standards
• Helping policymakers make positive change by ensuring public officials have empirical information as part of their decision-making processes
• Fostering a culture of innovation through employee development and recognition
• Surpassing our greenhouse gas emissions reduction goal by 17%
• Donating more than $1.75 million to 199 nonprofit community organizations in 2023 through the A. O. Smith Foundation, as well as one-time gifts of $150,000 each to two nonprofits in honor of our 150^th anniversary

"We are a water technology leader focused on a culture of innovation, and this report further demonstrates our commitment to providing our customers with water and energy-efficient solutions," said Wheeler. "I'm proud of the work we've done and look forward to seeing our continued, collective accomplishments in the future."

Learn more about our sustainability efforts at www.aosmith.com/Sustainability.

About A. O. Smith Corporation

Celebrating its 150^th year of business, A. O. Smith Corporation, headquartered in Milwaukee, Wisconsin, is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE: AOS), the Company is one of the world's leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment products. For more information, visit www.aosmith.com.

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SOURCE A. O. Smith Corporation

FAQ

What is A. O. Smith's (AOS) new water savings goal for 2030?

A. O. Smith has set its first public water goal to achieve an annual water savings of 40 million gallons by 2030 through administrative controls, process optimization, and water recycling technologies.

How much did A. O. Smith (AOS) exceed its greenhouse gas emissions reduction goal in 2024?

According to the 2024 Sustainability Report, A. O. Smith surpassed its greenhouse gas emissions reduction goal by 17%.

How much did A. O. Smith (AOS) donate to nonprofits in 2023?

A. O. Smith donated more than $1.75 million to 199 nonprofit community organizations in 2023, plus additional one-time gifts of $150,000 each to two nonprofits for their 150th anniversary.

How many sustainability reports has A. O. Smith (AOS) published?

The 2024 Sustainability Report is A. O. Smith's fourth sustainability report published in the last six years.