STOCK TITAN

Watts Water Technologies Completes WAVE Water Stewardship Verification

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Watts Water Technologies has achieved verification under The Water Council's WAVE: Water Stewardship Verified program. This accomplishment reflects the company's commitment to assessing and managing water-related risks and impacts. Key actions taken include prioritizing high-risk sites, improving water metering, and enhancing community engagement. The CEO, Robert J. Pagano, emphasized the importance of understanding water as a shared resource and the need for broader impacts beyond their operational footprint. This update aligns with Watts' goal of advancing water stewardship globally.

Positive
  • Achieved WAVE: Water Stewardship Verified status.
  • Prioritized high-risk sites to manage water-related impacts.
  • Enhanced community engagement around water stewardship.
Negative
  • None.

NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water Technologies, Inc. — one of the world’s leading manufacturers and providers of plumbing, heating, and water quality products and solutions — has successfully completed verification for The Water Council’s WAVE: Water Stewardship Verified program, indicating the company has assessed water-related risk across the enterprise, identified the highest water-related impacts using credible water-related data and implemented best practice in improving water stewardship performance.

(Graphic: Business Wire)

(Graphic: Business Wire)

During the WAVE process, Watts prioritized eight of its sites with the highest water risk, identified the watersheds in which it operates, conducted a water balance to learn more about its water inputs and outputs, and engaged the community around its selected sites.

As a result, Watts took a variety of actions at the local and global level to reduce water consumption, increase reuse, improve water quality, and reduce negative impacts upstream and downstream. These included expanded water metering, continued community engagement and site-specific projects. It also updated its Corporate Environment, Health, Safety and Sustainability Policy to reflect its goal to advance local and global water stewardship across its facilities and in the communities where it operates through stakeholder engagement and partnerships.

“Our participation in the WAVE: Water Stewardship Verified program has allowed us to better understand water as a shared resource and given us a community-based perspective when thinking about water usage and our place in this system,” said Robert J. Pagano, Jr., Watts President, Chief Executive Officer and Chairperson of the Board. “By looking beyond our footprint, we know we can make a larger impact in the watershed as a whole and are excited to have obtained our WAVE verification as we further our stewardship efforts.”

About Watts Water Technologies

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Its subsidiaries and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential and industrial applications. For more information, visit www.watts.com.

Ayomi Gomes

Watts Water Technologies

978-387-2262

ayomi.gomes@wattswater.com

Source: Watts Water Technologies, Inc

FAQ

What is WAVE: Water Stewardship Verified status for WTS?

WTS achieved WAVE verification, indicating strong management of water-related risks.

What actions did WTS take to improve water stewardship?

WTS prioritized high-risk sites, conducted water balances, and increased community engagement.

Who is the CEO of Watts Water Technologies?

Robert J. Pagano is the CEO of WTS.

When did WTS announce its WAVE verification?

The announcement regarding WAVE verification was made recently.

How does WTS plan to advance its water stewardship efforts?

WTS aims to engage stakeholders and enhance its Corporate Environment, Health, Safety and Sustainability Policy.

Watts Water Technologies, Inc.

NYSE:WTS

WTS Rankings

WTS Latest News

WTS Stock Data

7.10B
27.08M
1.03%
100.51%
2.53%
Specialty Industrial Machinery
Miscellaneous Fabricated Metal Products
Link
United States of America
NORTH ANDOVER