#Water Stock News: Xylem (NYSE: $XYL) publishes its 2016 #Sustainability Report: Why We Solve Water
RYE BROOK, N.Y. - June 14, 2017 (Investorideas.com Newswire) Solving the planet's water challenges has never been more urgent. A growing population, overtaxed water infrastructure and increasing weather events all highlight the need for sustainable solutions. And solving water - one of the U.N. Sustainable Development Goals - is foundational to economic growth, a more equitable distribution of resources and global health.
Today, Xylem (NYSE:XYL), a leading global water technology company, published its 2016 Sustainability Report, which outlines its progress in advancing solutions to global water and energy resource challenges.
"At Xylem, our sustainability strategy is tied directly to our business strategy, enabling sustainability to be effectively and seamlessly integrated into all we do," said Patrick Decker, President and CEO of Xylem. "While we strive to reduce our own environmental footprint, we also are investing more than ever in research and development with a keen focus on smart technologies and integrated solutions that can help our customers manage their own operations more sustainably. These efforts - one customer at a time - enable us to help build more resilient communities around the globe."
In the report, the Company details its progress against its five-year sustainability goals, which include reducing water use by 25 percent and greenhouse gas emission intensity and waste-to-landfill by 20 percent each. Xylem increased its vitality index goal from 25 percent to 30 percent by 2020, which reflects the addition of the Sensus business, a leader in smart metering and network technologies. The Company defines its vitality index as the percentage of sales from products launched in the past five years.
Xylem also is committed to driving external engagement on water challenges in order to advance research and dialogue around sustainable water management solutions. Through Xylem Watermark, the Company's corporate citizenship initiative, Xylem colleagues around the world are making an impact in their own communities by volunteering in water-related activities. The Company's employees logged more than 21,000 volunteer hours in 2016.
Earlier this month, Xylem issued a statement outlining its continued commitment to the Paris Climate Agreement, highlighting the need for practical solutions and innovative technologies to help global communities mitigate the impacts of climate change and adapt to its resulting effects, such as prolonged drought and increased flooding.
Xylem (XYL) is a leading global water technology company committed to developing innovative technology solutions to the world's water challenges. The Company's products and services move, treat, analyze, monitor and return water to the environment in public utility, industrial, residential and commercial building services, and agricultural settings. With its October 2016 acquisition of Sensus, Xylem added smart metering, network technologies and advanced data analytics for water, gas and electric utilities to its portfolio of solutions. The combined Company's nearly 16,000 employees bring broad applications expertise with a strong focus on identifying comprehensive, sustainable solutions. Headquartered in Rye Brook, New York with 2016 revenue of $3.8 billion, Xylem does business in more than 150 countries through a number of market-leading product brands.
The name Xylem is derived from classical Greek and is the tissue that transports water in plants, highlighting the engineering efficiency of our water-centric business by linking it with the best water transportation of all - that which occurs in nature. For more information, please visit us at www.xylem.com.
Kelly McAndrew, +1-914-323-5969
Matt Latino, +1-914-323-5821
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