Watts Water Technologies Publishes Its 2020 Sustainability Report
NORTH ENOVER, Mass.–(BUSINESS WIRE)–Watts Water Technologies, inc. (NYSE: WTS) – one of the world’s leading manufacturers and suppliers of plumbing, heating and water quality products and solutions – today announced the publication of its 2020 Sustainability Report, which assesses the environmental, social and governance (ESG) of the company is highlighted. ) practices and its commitment to best-in-class sustainability performance.
“After a year that has challenged us in many ways, I am proud that we have never wavered in our commitment to protecting and preserving the world’s water supply through our diverse portfolio of water technologies and solutions. As responsible corporate citizens, we continued to make significant progress in every dimension of sustainability while continuing to focus on meeting the needs of our stakeholders,” said CEO and President Robert J. Pagano Jr. “I am immensely grateful to all our employees around the world. world for their perseverance and dedication to Watts and our customers during the COVID-19 pandemic. They protected themselves and each other while remaining steadfast in their commitment to support the long-term goals of our company.”
Key achievements highlighted in the report include:
- Less consumption of natural resources, including a 33% reduction in global water consumption and a 16% reduction in greenhouse gas emissions. The company also enabled smart monitoring in 80% of its flooding facilities to promote early leak and peak detection, and benefited from investments in several energy reduction projects.
- An ongoing shift towards a more environmentally friendly portfolio of products and solutions, including the company’s high-efficiency gas-fired boilers and water heaters, which cut more than 112,000 tons of CO2 for customers last year — four times more CO2 than watts it produced itself. The company remains committed to achieving 25% of its revenues by 2023 from smart and connected products and solutions – designed to promote safety, energy efficiency and water conservation.
- Commitment to access to clean water for underserved communities through the company’s ongoing partnership with Planet Water Foundation, which to date has affected more than 30,000 people in eight different countries. Last year, Watts funded and installed two water purification systems in Mexico, providing 3,600 people with 10,000 liters of clean water every day.
- Recognition for sustainability performance from News week magazine, which Watts mentioned under America’s Most Responsible Companies for the second consecutive year. The top 400 companies, across 14 industries, were made the final list after a detailed analysis of ESG performance from more than 2,000 companies and an independent survey of 7,500 US consumers.
To download Watts’ 2020 Sustainability Report or learn more about the company’s ESG programs, visit: www.watts.com/our-story/sustainability
About Watts Water Technologies
Watts Water Technologies, Inc. through its family of companies, is a global manufacturer headquartered in the US providing one of the broadest plumbing, heating and water quality product lines in the world. Its subsidiaries and brands provide innovative plumbing, heating and water quality solutions for commercial, residential and industrial applications. For more information visit www.watts.com.