Pentair Advances Commitment to Further Environmental, Social and Governance Stewardship

Rhea-AI Summary

Pentair plc (NYSE:PNR) has appointed Karla Robertson as Chief Social Responsibility Officer (CSRO), alongside her current roles. Under the guidance of the Board, she will lead Pentair’s social responsibility efforts, focusing on Environmental, Social, and Governance (ESG) goals. The company aims to integrate ESG into its operations and set measurable targets. Key areas of focus include reducing greenhouse gas emissions, enhancing employee engagement, and aligning with shareholder interests. Pentair reported a revenue of $3 billion in 2019 and operates in 25 countries.

Positive

• Appointment of Karla Robertson as CSRO emphasizes commitment to ESG goals.
• Focus on integrating sustainability into business operations could enhance long-term growth.
• Engagement of stakeholders around shared social responsibility goals supports company mission.

Negative

• None.

Pentair plc (NYSE:PNR), a leading provider of water treatment and sustainable solutions, today announced that it has appointed Karla Robertson, EVP, General Counsel, and Secretary to the additional role of Chief Social Responsibility Officer (CSRO). With oversight and strategic direction provided by the Pentair Board of Directors, Robertson will lead Pentair’s social responsibility program to execute the company’s Environmental, Social and Governance (ESG) goals, and will formally establish a social responsibility strategy to further support Pentair’s organizational mission.

“Through our mission to deliver smart, sustainable solutions that make the most of life’s essential resources and our strong ‘Win Right’ company values, we recognize that the solutions and services we provide help improve lives and the environment around the world,” said John L Stauch, the company’s President & CEO. “With the appointment of Karla as our Chief Social Responsibility Officer, we are accelerating our efforts to contribute to the development of a sustainable and responsible society that we believe will also drive our future growth.”

The foundation for Pentair’s sustainability journey focuses on:

1. Integrating ESG throughout its business by creating broad accountability for the social responsibility strategy and creating shared goals; and
2. Setting smart, focused targets across the company to track and measure progress against commitments.

“Pentair recently completed an ESG assessment to identify key topics of importance to shareholders, customers, suppliers, employees, and communities,” said Robertson. “We are identifying ESG goals and targets that we believe will unify our stakeholders around our shared mission and values and our commitment to being a positive influence on the social and environmental issues of today. In the upcoming year we look forward to identifying and communicating specific goals and targets, including science-based environmental initiatives.”

Key categories for Pentair’s social responsibility goals include:

• Environment
  Reduce Pentair’s impact on climate change by reducing greenhouse gas emissions while increasing energy and water use efficiency measures throughout Pentair’s operations. Pentair also seeks to: continue reducing waste from operations and increasing reuse and recycling; support the use of sustainable, renewable natural resources; and design products that facilitate environmental sustainability.

• Employees and Communities
  Continue efforts to further engage Pentair’s suppliers, customers and employees by augmenting the Supplier Code of Conduct, continuing its focus on employee engagement, and executing its inclusion and diversity strategies and initiatives while delivering for customers on product safety and regulatory compliance.

• Shareholders
  Incorporate ESG strategies in Pentair’s operations as the company focuses on growth and creating value for shareholders.

To learn more about Pentair’s ESG initiatives, including its most recent Corporate Responsibility Report, visit the Our Impact page on the company website.

ABOUT PENTAIR PLC

Pentair makes the most of life’s essential resources, from our residential and business solutions that help people move, improve and enjoy their water, to our sustainable innovations and applications. Smart, Sustainable Solutions. For Life.

Pentair had revenue in 2019 of $3 billion, and trades under the ticker symbol PNR. With approximately 120 locations in 25 countries and 9,500 employees, we believe that the future of water depends on us. To learn more, visit Pentair.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210106005303/en/

FAQ

What is Pentair's recent appointment related to social responsibility?

Pentair has appointed Karla Robertson as Chief Social Responsibility Officer to lead its social responsibility initiatives.

What are Pentair's goals regarding Environmental, Social, and Governance (ESG)?

Pentair aims to integrate ESG strategies throughout its operations, set measurable targets, and reduce its environmental impact.

How much revenue did Pentair generate in 2019?

Pentair reported a revenue of $3 billion in 2019.

What areas of focus does Pentair's social responsibility strategy include?

Pentair's strategy includes reducing greenhouse gas emissions, enhancing employee engagement, and creating value for shareholders.

What stock symbol is associated with Pentair?

Pentair trades under the stock symbol PNR.