Making Better Essential: Pentair Releases 2023 Corporate Responsibility Report Featuring Its Progress in Advancing Sustainability
- Pentair's total Scope 1 and 2 greenhouse gas emissions decreased by 30.9% compared to the 2019 baseline.
- Absolute water withdrawal within Pentair's operations decreased by 22.9% compared to the 2019 baseline.
- 100% of new products were assessed with the product sustainability scorecard in 2023.
- Pentair achieved 31% female representation in the workforce and leadership positions.
- Pentair continues to be recognized for its sustainability leadership by ratings agencies like MSCI and Sustainalytics.
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The Pentair 2023 Corporate Responsibility Report features the Company's progress in advancing a more sustainable future for people and the planet. (Graphic: Business Wire)
“As a purpose-driven company, at Pentair we are energized each day by the positive impact we can make in creating a better world for people and the planet through smart, sustainable water solutions,” said John L. Stauch, Pentair President and CEO. “Improving the world around us is essential to the products we design, the solutions we create, the customers and communities we serve, and how we operate. We are inspired that we can make a positive impact through our mission to help the world sustainably move, improve, and enjoy water, life’s most essential resource.”
The Report highlights progress towards Pentair’s Social Responsibility Strategic Targets which are designed to make a positive impact on people and the planet, including the following 2023 progress highlights:
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Carbon Footprint Reduction Progress Highlights1: Pentair’s total Scope 1 and 2 greenhouse gas emissions decreased
30.9% compared to the 2019 baseline. -
Water Withdrawal Reduction Progress Highlights1: Pentair’s absolute water withdrawal within its operations decreased
22.9% as compared to the 2019 baseline, which represents an approximately 22 percentage point improvement from 2022. -
Design for Sustainability Progress Highlights: Building on our success from 2022, we assessed
100% of new products with our product sustainability scorecard.2 We continued to consider product sustainability, along with other factors, as we weighed decisions in our commercialization process. We also laid the groundwork for new sustainability tools to aggregate product sustainability achievements for our customers. -
Responsible Supply Chain Progress Highlights: As part of new supplier screening, we assess each supplier’s ESG maturity and alignment with Pentair’s social responsibility strategy. In collaboration with a third-party expert, we assessed the ESG maturity of approximately
73% of our top80% of existing suppliers by spend, and50% of new suppliers with a projected spend greater than$1 million -
Inclusion & Diversity Progress Highlights1: We continue to advance a diverse and inclusive workforce. Pentair achieved
31% female representation in the workforce (2019 baseline of30% ) and31% female representation in leadership positions (2019 baseline of28% ). In theU.S. , people of color (POC) representation in the workforce was38% (2019 baseline of39% ) andU.S. POC representation in leadership positions was24% (2019 baseline of23% ).
“In 2023, through the collective efforts of our dedicated employees, customers and partners, Pentair continued our contributions to positively impact the world,” said Karla Robertson, Executive Vice President, General Counsel, Secretary, and Chief Social Responsibility Officer. “I am proud of the progress we have made and grateful for the commitment to Making Better Essential. Together, we can make the world better and build a brighter future for all.”
The positive impact of Pentair’s products, solutions and workplace initiatives is further highlighted within the Report including efforts to advance a more sustainable future by helping customers reduce energy use and avoid single-use plastic water bottles. Pentair continues to be recognized for its leadership by ratings agencies such as MSCI, where we have maintained a AAA rating since 2022 and Sustainalytics, which has ranked Pentair in the top
Pentair engaged with a third party to assure the Scopes 1 and 2 GHG emissions, water withdrawal, energy consumption, safety injury frequency rate, and inclusion and diversity rates in the 2023 Corporate Responsibility Report. To learn more about Pentair’s Social Responsibility Strategic Targets and its 2023 Corporate Responsibility Report, visit Pentair.com/Impact.
1As of December 31, 2023.
2 Pentair’s product sustainability scorecard analyzes five impacts from a product’s lifecycle – water use, energy use, GHG emissions, resource use efficiency, and material health – and incorporates an assessment of these impacts as part of new product design.
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ABOUT PENTAIR
At Pentair, we help the world sustainably move, improve, and enjoy water, life’s most essential resource. From our residential and commercial water solutions, to industrial water management and everything in between, Pentair is focused on smart, sustainable water solutions that help our planet and people thrive.
Pentair had revenue in 2023 of approximately
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This release contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “should,” “would,” “could,” “positioned,” “strategy,” or “future” or words, phrases, or terms of similar substance or the negative thereof are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including the risk that we will be unable to execute our strategy or achieve our ESG goals or targets because of market or competitive conditions. Additional information concerning these and other factors is contained in our filings with the
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Shelly Hubbard
Vice President, Investor Relations
Tel: 763-656-5575
E-mail: shelly.hubbard@pentair.com
Rebecca Osborn
Senior Director, Communications
Tel: 763-656-5589
E-mail: rebecca.osborn@pentair.com
Source: Pentair plc
