Ecolab Again Ranks on CDP A Lists for Water and Climate Leadership

Rhea-AI Summary

Ecolab Inc. has been recognized for its leadership in corporate transparency and performance on climate change and water security by global environmental non-profit CDP, securing a place on its annual 'A List'. Ecolab achieved an A rating for both climate change and water security, placing it in the top 1% of over 23,000 companies assessed. This marks the fifth consecutive year of being recognized for water security and the third consecutive year for climate. The company's Chairman and CEO, Christophe Beck, emphasized Ecolab's commitment to doing the right things the right way, fulfilling their mission to protect the world's most vital resources. CDP's scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable, and resilient economy, with over 740 financial institutions with over US$136 trillion in assets asking companies to disclose data on environmental impacts, risks, and opportunities through CDP's platform.

Sustainability Analyst

Recognition by the CDP, particularly consistent placement on the 'A List', indicates Ecolab's strong commitment to environmental sustainability, which can be a significant factor in investment decisions. Investors are increasingly incorporating environmental, social and governance (ESG) criteria into their analyses. Ecolab's dual 'A' ratings for climate change and water security suggest that the company is effectively managing these aspects of its operations, which may reduce regulatory and resource-related risks. Additionally, such accolades can enhance corporate reputation, potentially leading to a competitive advantage in industries where sustainability is a key differentiator.

From a financial perspective, companies that excel in sustainability often have access to favorable financing conditions and may attract a broader investor base. Ecolab's alignment with the Task Force on Climate-related Financial Disclosures (TCFD) signifies transparency in reporting climate-related financial risks, which is critical for investors assessing long-term viability. As more financial institutions use CDP scores to guide investment decisions, Ecolab's high rating could positively influence its stock performance.

Market Research Analyst

The data disclosed through CDP's platform is leveraged by financial institutions to make informed decisions. Ecolab's position in the top 1% of over 23,000 companies underscores its industry leadership. This high ranking can help maintain and grow Ecolab's customer base, as businesses increasingly seek partners with proven sustainability records to meet their own ESG goals. Furthermore, Ecolab's operational focus on water and climate aligns with global trends towards resource efficiency and could drive innovation within the company.

The demand for sustainable solutions is growing and Ecolab's offerings cater to this market need. By positioning itself as a leader in sustainability, Ecolab may experience increased demand for its services. This could lead to revenue growth, provided that the company continues to innovate and meet the evolving needs of its customers in a competitive landscape.

Risk Management Expert

Ecolab's adherence to CDP's disclosure practices demonstrates a proactive approach to risk management, particularly regarding environmental risks. Effective management of climate change and water security risks is crucial, as these can have direct impacts on operations and supply chains. By achieving high CDP ratings, Ecolab signals to stakeholders that it is successfully mitigating these risks, which can translate into reduced insurance costs and lower capital expenditure on risk management in the long term.

Moreover, Ecolab's transparency and performance in these areas may shield it from potential regulatory penalties and provide resilience against environmental crises. As climate change continues to influence market conditions and regulatory landscapes, Ecolab's risk management strategies in these domains will be increasingly important for maintaining stability and protecting shareholder value.

Ecolab’s continued leadership rankings reflect the company’s record of doing well by doing good

ST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc., a global sustainability leader offering water, hygiene and infection prevention solutions and services that protect people and the resources vital to life, today announced it has once again been recognized for leadership in corporate transparency and performance on climate change and water security by global environmental non-profit CDP, securing a place on its annual ‘A List’.

Having achieved an A rating for both climate change and water security, Ecolab is in the very top 1% of more than 23,000 companies assessed using data from CDP’s 2023 Climate Change and Water Security questionnaires.

This marks the fifth consecutive year of being recognized by CDP for water security and third consecutive year for climate.

“Ecolab grows both our business and impact on the world by doing the right things the right way,” said Christophe Beck, Chairman and CEO, Ecolab. “Our continued leadership on climate change and water security, as evidenced by our double ‘A’ ratings by CDP, goes to show how Ecolab’s more than 48,000 associates are fulfilling our mission to protect the world’s most vital resources, together with our customers.”

Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. In 2023, more than 740 financial institutions with over US$136 trillion in assets asked companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded.

“Congratulations to all the companies on CDP’s A List, and those companies that started or accelerated their journey towards environmental transparency in 2023,” said Cherry Madera, CEO of CDP. “It is only by laying the groundwork of disclosure that companies can show they are serious about the vital part they play in securing a net-zero, nature-positive future.”

A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

The full list of companies that made this year’s CDP A List is available here:

https://www.cdp.net/en/companies/companies-scores

About Ecolab

A trusted partner for millions of customers, Ecolab (NYSE:ECL) is a global sustainability leader offering water, hygiene and infection prevention solutions and services that protect people and the resources vital to life. Building on a century of innovation, Ecolab has annual sales of $14 billion, employs more than 48,000 associates and operates in more than 170 countries around the world. The company delivers comprehensive science-based solutions, data-driven insights and world-class service to advance food safety, maintain clean and safe environments, and optimize water and energy use. Ecolab’s innovative solutions improve operational efficiencies and sustainability for customers in the food, healthcare, life sciences, hospitality and industrial markets. www.ecolab.com

Follow us on LinkedIn @Ecolab, Twitter @Ecolab, Instagram @Ecolab_Inc and Facebook @Ecolab.

About CDP

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $136 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests.

Over 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization - and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.

(ECL-C)

View source version on businesswire.com: https://www.businesswire.com/news/home/20240206939973/en/

Kyle Kapustka

651-250-4724

MediaRelations@Ecolab.com

Source: Ecolab Inc.

FAQ

What is Ecolab's ranking by CDP for climate change and water security?

Ecolab achieved an A rating for both climate change and water security, placing it in the top 1% of over 23,000 companies assessed.

How many consecutive years has Ecolab been recognized by CDP for water security and climate performance?

Ecolab has been recognized for the fifth consecutive year for water security and the third consecutive year for climate performance.

What is CDP and how is its data used?

CDP is a global environmental non-profit that holds the largest environmental database in the world. Its scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable, and resilient economy.

How many financial institutions asked companies to disclose data on environmental impacts through CDP's platform?

Over 740 financial institutions with over US$136 trillion in assets asked companies to disclose data on environmental impacts, risks, and opportunities through CDP's platform.