Waters Highlights Continued Progress Towards Sustainability Commitments

Rhea-AI Summary

Waters (NYSE: WAT) has reported significant progress in its sustainability commitments, exceeding its greenhouse gas emissions reduction target two years ahead of schedule with a 36% reduction from 2016 baseline. The company has achieved notable environmental milestones, including a 50% decrease in landfill waste and a 29% reduction in water use intensity.

In social initiatives, Waters expanded its STEM education efforts through the Waters Student Academy, reaching over 380 students and increasing candidate diversity in recruitment by 6%. The company introduced the University Pathways Program to support career development and diversify talent pipeline.

Waters received recognition as the 2024 Public Company Board of the Year by NACD New England Chapter and was included in Barron's 2024 100 Most Sustainable Companies. The company has committed to science-based emission reduction targets aligned with SBTi's 1.5°C criteria.

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News Summary:

• Exceeded its goal of reducing Scope 1 and 2 greenhouse gas emissions by 36% from a 2016 baseline, two years ahead of schedule.
• Invested in STEM education through the Waters Student Academy and Waters internship program, reaching hundreds of students with hands-on learning opportunities.
• Committed to set science-based emission reduction targets aligned with the Science Based Targets initiative's (SBTi) criteria for a 1.5°C future.
• Named 2024 Public Company Board of the Year by the National Association of Corporate Directors, New England Chapter.

MILFORD, Mass., Dec. 10, 2024 /PRNewswire/ -- Today Waters Corporation (NYSE: WAT) highlighted the company's progress on reducing its environmental impact, becoming more representative of the society we live in, and continuing to enhance our long-term stakeholder value with good governance and effective oversight in its 2024 report.

Waters continues to reduce its environmental impact, be representative of society & enhance long-term stakeholder value.

"At Waters, we are committed to delivering shareholder value while making a positive impact on the world," said Dr. Udit Batra, President and CEO of Waters Corporation. "We are making strong progress towards reducing our environmental impact, including increased renewable energy procurement, and we achieved our greenhouse gas reduction target two years early. Additionally, our Waters Student Academy continued to advance STEM education in underserved communities, fostering a more equitable future workforce. Strong governance remains central to our operations, and we were honored to be recognized as the 2024 Public Company Board of the Year by the National Association of Corporate Directors, New England Chapter."

Report Highlights
Waters continues to achieve meaningful progress against the updated sustainability goals it introduced in 2022. Highlights include:

Environmental

• Reduced Scope 1 and Scope 2 greenhouse gas emissions by 36% from a 2016 baseline, exceeding the company's 35% target, two years ahead of schedule.
• Achieved a 50% decrease in landfill waste from a 2019 baseline, reaching the 2025 goal early and setting Waters on track for zero waste to landfills by 2030.
• Reduced water use intensity in business operations by 29% from a 2019 baseline through infrastructure and manufacturing improvements across global facilities.
• Committed to set science-based emission reduction targets aligned with the Science Based Targets initiative's (SBTi) criteria for a 1.5°C future.

Social

• Increased candidate diversity in recruitment by 6% over 2022 baseline, ensuring 77% of candidate slates had diverse representation in the recruitment pool.
• Expanded its Waters Student Academy (WSA) program to reach more students from communities that are historically underrepresented in STEM fields, reaching over 380 students, and doubling the number of WSA summer interns.
• Introduced the University Pathways Program, where students' career development and education are supported while developing a more diverse talent pipeline.

Governance

• Named 2024 Public Company Board of the Year by the National Association of Corporate Directors, New England Chapter.
• Fostered robust Board engagement in enterprise risk management.
• Continued to report in alignment with industry frameworks, including the Task Force on Climate-related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB), and United Nations 2030 Agenda for Sustainable Development, Global Reporting Initiative (GRI).

Recognition of Sustainability Efforts by Third Parties
Waters received 14 awards and recognitions for its environmental, social, and governance efforts since 2023. Highlights include Barron's 2024 100 Most Sustainable Companies (U.S.); My Green Lab Accountability, Consistency, and Transparency (ACT) Labels; Dow Jones Sustainability Index; Human Rights Campaign Foundation's 2023-2024 Corporate Equality Index; Public Company Board of the Year from the National Association of Corporate Directors, New England Chapter; U.S. News & World Report – Best Companies to Work for 2023-2024.

Additional Resources

• Read the complete Waters 2024 ESG Report
• Learn about job opportunities at Waters by visiting the Waters career page
• Follow and connect with Waters LinkedIn, Twitter, and Facebook

About Waters (www.waters.com)
Waters Corporation (NYSE: WAT), a global leader in analytical instruments and software, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, food, and environmental sciences for more than 65 years. With approximately 7,500 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, and with products available in more than 100 countries.

Contact:
Janice Foley
Senior Public Relations Manager, Corporate Communications
Waters Corporation
janice_foley@waters.com
+1.617.823.5555

 

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SOURCE Waters Corporation

FAQ

What greenhouse gas reduction target did Waters (WAT) achieve in 2024?

Waters achieved a 36% reduction in Scope 1 and 2 greenhouse gas emissions from a 2016 baseline, exceeding their 35% target two years ahead of schedule.

How many students did Waters Student Academy reach in 2024?

The Waters Student Academy reached over 380 students and doubled the number of summer interns, focusing on communities historically underrepresented in STEM fields.

What sustainability awards did Waters (WAT) receive in 2024?

Waters received 14 awards, including recognition in Barron's 2024 100 Most Sustainable Companies, Dow Jones Sustainability Index, and was named 2024 Public Company Board of the Year by NACD New England Chapter.

What waste reduction goal did Waters (WAT) achieve in 2024?

Waters achieved a 50% decrease in landfill waste from a 2019 baseline, reaching their 2025 goal early and progressing toward zero waste to landfills by 2030.