Watts Water Technologies Named One of “America’s Climate Leaders” by USA Today

Rhea-AI Summary

Watts Water Technologies (NYSE: WTS) has been named one of America's Climate Leaders by USA Today for the second consecutive year. This recognition comes as the company marks its 150th anniversary. Watts was selected from over 2,000 American companies with revenues exceeding $50 million in 2022, based on its significant reduction in Scope 1 and 2 greenhouse gas emissions relative to revenue between 2020 and 2022. CEO Robert J. Pagano, Jr. highlighted the efforts of stakeholders and employees in advancing the company's sustainability strategies. Watts' broad portfolio includes plumbing, heating, and water quality solutions for various applications. For more details, visit the company's sustainability report and official website.

Positive

• Named one of America's Climate Leaders for the second consecutive year.
• Recognized for significant reduction in Scope 1 and 2 greenhouse gas emissions.
• Selected from over 2,000 companies with revenues over $50 million.
• Celebrating its 150th anniversary, showing longevity and stability.
• CEO acknowledges the contributions of stakeholders and employees.
• Offers a diverse portfolio of products for commercial, residential, and industrial applications.

Negative

• No detailed financial data disclosed in the press release.
• Recognition based on relative emissions reduction, not absolute values.
• No information on the specific percentage of emissions reduction achieved.

NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water Technologies, Inc. (NYSE: WTS) -- through its subsidiaries, one of the world’s leading manufacturers and providers of plumbing, heating, and water quality products and solutions – has been selected as one of America’s Climate Leaders by USA Today for the second consecutive year.

(Graphic: Business Wire)

Watts was named among 450 companies selected for the list, which is comprised of U.S. organizations that achieved the greatest reduction in their core emissions intensity between 2020 and 2022, specifically Scope 1 and 2 greenhouse gas emissions in relation to revenue.

To compile the list, USA Today’s partner Statista scrutinized approximately 2,000 American companies across all industries with revenue greater than $50 million in 2022 and verifiable emissions data.

“Watts is honored to receive this recognition as we celebrate our 150^th anniversary of making the world’s most precious resource safe and accessible through our diverse portfolio of technologies and solutions,” said Robert J. Pagano, Jr., CEO, President and Chairperson of the Board. “As we continue to advance our sustainability strategy and initiatives, we remain committed to promoting an economically, socially and environmentally sustainable future. I’m proud that the contributions of our stakeholders, including our dedicated employees, have resulted in Watts being named one of America’s top Climate Leaders for the second year in a row.”

To learn more about Watts’ Environment, Social and Governance (ESG) efforts, read the company’s Sustainability Report or visit www.watts.com/our-story/sustainability.

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. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions for commercial, residential, and industrial applications. For more information, visit www.watts.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240607435412/en/

Watts Water Technologies, Inc.

Diane McClintock

Senior Vice President FP&A and Investor Relations

Telephone: 978-689-6153

Email: investorrelations@wattswater.com

Source: Watts Water Technologies, Inc

FAQ

What recognition did Watts Water Technologies receive in 2023?

Watts Water Technologies was named one of America's Climate Leaders by USA Today for the second consecutive year in 2023.

What is the significance of the recognition for Watts Water Technologies?

The recognition highlights Watts' significant reduction in Scope 1 and 2 greenhouse gas emissions relative to revenue between 2020 and 2022.

What criteria were used to select Watts Water Technologies as a Climate Leader?

Watts was selected based on its reduction in core emissions intensity, specifically Scope 1 and 2 greenhouse gas emissions in relation to revenue.

How many companies were scrutinized for the Climate Leaders list?

Approximately 2,000 American companies with revenues greater than $50 million in 2022 were scrutinized.

What milestone is Watts Water Technologies celebrating in 2023?

Watts Water Technologies is celebrating its 150th anniversary in 2023.

What areas does Watts Water Technologies specialize in?

Watts specializes in plumbing, heating, and water quality solutions for commercial, residential, and industrial applications.