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Friday, March 31, 2023

Xylem’s (NYSE: XYL) Latest Sustainability Report Tracks Progress in Solving Global Water Challenges

Xylem Inc.’s (NYSE: XYL) latest annual Sustainability Report revealed that its solutions from the global water technology company prevented more than 500 billion gallons of dirty water from flooding cities in 2021. The study focuses on the Company’s collaboration with customers and partners to address the world’s most pressing water issues.

The company’s sustainability report also disclosed Xylem’s accomplishments in reducing its operating footprint, including a 12 percent reduction in Scope 1 and 2 greenhouse gas (GHG) emission intensity and a 22 percent reduction in water use from 2019 to 2020. Xylem offers innovative solutions and services that help utilities, industrial firms, and other water users optimize their networks while reaching their sustainability objectives.

Other key highlights detailed in the report include the participation of nearly 6,000 diverse global youth in water innovation programs such as Xylem Ignite and the Stockholm Junior Water Prize. It also donated 113,000 employee volunteer hours, with 78% of employees participating in activities to address water issues in their communities, and 400 suppliers signed the WASH4WORK promise to ensure access to safe drinking water, sanitation, and hygiene (WASH).

Furthermore, Xylem’s technology helped customers reuse more than 285 billion gallons of water in 2021, as just one example. The Company’s solutions helped clients lower their carbon footprint by 0.73 million metric tonnes of CO2, building on its work to expedite the decarbonization of the water industry.

Additionally, Xylem made a formal commitment last year to attain net-zero carbon emissions across its entire value chain by 2050. Xylem is already running more than half of its large plants on 100 percent renewable electricity, in addition to lowering its Scope 1 and 2 net GHG emission intensity by 12 percent. The Company began an aggressive fleet electrification program in 2021, which resulted in a 31% decrease in fleet GHG emissions in Europe in the first year of the program and a 19% decrease in fleet GHG emissions in the United States.

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