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2020 Corporate Responsibility Report outlines initiatives and progress in advancing Pentair’s journey towards delivering a more sustainable company.
June 2, 2021
3 Min Read
Pentair plc announced its Social Responsibility Strategic Targets.
The new targets were launched with the release of Pentair’s 2020 Corporate Responsibility Report, which highlights the company’s initiatives to be a leading socially responsible company as it delivers smart, sustainable solutions that empower customers and employees to make the most of life’s essential resources.
“As a leading provider of water treatment and sustainable solutions, we are proud of our efforts to further Environmental, Social and Governance (ESG) stewardship that are highlighted in our 2020 Corporate Responsibility Report,” said John L. Stauch, Pentair president and CEO. “With the announcement of our Social Responsibility Strategic Targets, we are looking forward to our continued role in reducing our impact on the environment and developing solutions to address the global water and climate change challenges of the future.”
Pentair’s Social Responsibility Strategic Targets Include:
Carbon Footprint Reduction: The company is targeting reducing its Scope 1 and 2 greenhouse gas emissions by 50% from a 2019 baseline by 2030, and aim to achieve carbon neutrality by 2050;
Water Reduction: Targeting a 30% reduction in overall water withdrawal from a 2019 baseline by 2030;
Product Design for Sustainability: Pentair plans to further assess, design, and commercialize its products for environmental sustainability to reduce its customers’ impact on climate change. The company plans to enhance our product innovation process in 2021, launching it in 2022;
Responsible Supply Chain: In partnership with its suppliers, Pentair is expanding its social responsibility strategy beyond its operations to build a more sustainable supply chain. This includes the company's plan to refresh its Supplier Code of Conduct with an increased focus on environmental sustainability and social responsibility in 2021 and launching an updated supplier assessment process in 2022;
Inclusion & Diversity: Pentair's diversity and inclusion targets include achieving an inclusive and diverse workforce and leadership team that embraces the communities in which its employees live, work, and serve, with a specific focus on increasing women in leadership positions globally and persons of color representation in U.S. leadership positions.
“We are excited about our Social Responsibility Strategic Targets as they are focused in the areas that matter to our employees, customers, shareholders, and the community and we expect them to positively contribute to our business and society,” said Karla Robertson, EVP, general counsel, secretary, and chief social responsibility officer. “We are integrating ESG practices throughout our businesses, creating broad accountability for our strategy, and actively tracking and measuring our progress on our journey in building a more sustainable company.”
Pentair’s Social Responsibility Strategic Targets are built on the company’s prior ESG achievements and initiatives. 2020 accomplishments, as further highlighted in Pentair’s Corporate Responsibility Report, include:
Achieved the 2,000th customer installation of carbon dioxide (CO2) systems, which allow customers to capture CO2 from manufacturing processes before it is released into the atmosphere and then recycle it to produce other valuable byproducts;
Received its eighth consecutive ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency for outstanding contributions to protecting the environment through superior energy efficiency achievement with its variable speed pool pumps;
Reduced electricity and natural gas usage within its own operations steadily over time, and reduced waste generation;
Signed the CEO Action Pledge for Diversity and Inclusion committing to a specific set of plans to cultivate an inclusive environment; provided paid time off for employees to volunteer; and provided a double match for employee contributions toward racial and social justice issues;
Responded with agility to the COVID-19 pandemic, implementing a holistic approach to help keep its workforce safe and healthy while delivering for customers and shareholders
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