Making Better Essential: Pentair Showcases Positive Impact on People and the Planet in 2022 Corporate Responsibility Report
Pentair (NYSE: PNR) released its 2022 Corporate Responsibility Report, detailing sustainability initiatives and progress in environmental responsibility. Highlights include a 29% reduction in Scope 1 and 2 greenhouse gas emissions since 2019, and a 0.7% decrease in absolute water withdrawal compared to 2019, marking a 9.3% decrease from 2021. Additionally, 100% of new products were assessed for sustainability. The company enhanced its Supplier Code of Conduct and initiated an ESG assessment of suppliers. Workforce diversity improved, with women representing 32% of the workforce and people of color at 40%. Despite these advancements, the report emphasizes ongoing challenges and the need for continued improvement in sustainability practices.
- 29% reduction in Scope 1 and 2 greenhouse gas emissions compared to 2019.
- 0.7% decrease in absolute water withdrawal compared to 2019, and 9.3% decrease compared to 2021.
- 100% of new products assessed through a Product Sustainability Scorecard.
- Launched new supplier ESG assessment process covering approximately 46% of suppliers by spend.
- Increased workforce diversity with women at 32% and POC at 40%.
- None.
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“At Pentair, our social responsibility efforts and corporate responsibility program are guided by ‘Making Better Essential,’” said
The Report highlights progress towards Pentair’s Social Responsibility Strategic Targets that are focused in the areas that matter to employees, customers and shareholders, including the following highlights from 2022:
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Carbon Footprint Reduction Progress Highlights*: Pentair’s total Scope 1 and 2 greenhouse gas emissions decreased
29% compared to the 2019 baseline. -
Water Reduction Progress Highlights*: Pentair’s absolute water withdrawal within its operations decreased
0.7% compared to the 2019 baseline, and represents a9.3% decrease compared to 2021. -
Design for Sustainability Progress Highlights:
100% of Pentair’s new products were assessed through a Product Sustainability Scorecard. In addition:-
Pentair further advanced its innovation process by including sustainability as a required factor for review, along with the review of other product attributes, as part of the product commercialization process. -
Pentair developed standard processes for assessing product sustainability impact claims and implemented a life cycle assessment tool.
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Responsible Supply Chain Progress Highlights:
Pentair successfully launched a refreshed and enhanced Supplier Code of Conduct. The Company also launched a new supplier Environmental, Social and Governance (ESG) assessment process in collaboration with a third-party expert and assessed the ESG maturity of approximately46% of its top80% of existing suppliers by spend. -
Inclusion & Diversity Progress Highlights*: Focused efforts continue to improve diversity representation:
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Pentair’s representation of women in its workforce was
32% (2019 baseline of30% ), and women in leadership positions was32% (2019 baseline of28% ). -
Its
U.S. people of color (POC) representation in its workforce was40% (2019 baseline of39% ) and itsU.S. POC representation in leadership positions was25% (2019 baseline of23% ).
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Pentair’s representation of women in its workforce was
“This past year was an exciting one for
The positive impact of Pentair’s products and solutions and workplace initiatives in 2022 is meaningful, as further highlighted within the Report:
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83% of solutions supported energy efficiency by requiring less energy to operate or by aiding broader systems to operate more efficiently** -
71% of solutions supported water efficiency, helping reduce, reuse, or recover water, directly or indirectly*** - Residential water filtration capacity helped avoid 7,767,579,509 single-use plastic bottles
- Supplied customers with Carbon Dioxide Recovery Solutions with capacity to recover 7.61 million metric tons of carbon dioxide annually
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37% of Pentair’s total electricity usage came from renewable resources, representing18% of total energy use - For the eleventh consecutive year, recognized as ENERGY STAR Partner of the Year
- Named one of Forbes’ 2022 Best Employers for Women
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Received an MSCI ESG Rating of
AAA
*As of
**Products subject to
***This is based on total sales in 2022 of Pentair’s brands meeting this definition, as a percentage of total revenue.
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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 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 Manager,
Tel.: 763-656-5589
E-mail: rebecca.osborn@pentair.com
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