Making Better Essential: Pentair Releases 2023 Corporate Responsibility Report Featuring Its Progress in Advancing Sustainability
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“As a purpose-driven company, at
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:
- 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.
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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 top 80% of existing suppliers by spend, and 50% 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 of 30%) and 31% female representation in leadership positions (2019 baseline of 28%). In theU.S. , people of color (POC) representation in the workforce was 38% (2019 baseline of 39%) andU.S. POC representation in leadership positions was 24% (2019 baseline of 23%).
“In 2023, through the collective efforts of our dedicated employees, customers and partners,
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.
1As of
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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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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Vice President, Investor Relations
Tel: 763-656-5575
E-mail: shelly.hubbard@pentair.com
Senior Director, Communications
Tel: 763-656-5589
E-mail: rebecca.osborn@pentair.com
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