Pentair, (NYSE: PNR) a leading provider of water treatment and sustainable solutions, released its 2021 Corporate Responsibility Report, reporting on its mission to provide smart, sustainable solutions to make the most of life’s essential resources. The new report highlights progress towards Pentair’s Social Responsibility Strategic Targets set in 2020 that are focused in the areas that matter to its employees, customers and shareholders to advance the positive impact its business has on both people and the planet.
“At Pentair, the decisions we make, products we create, solutions we offer and partnerships we form are opportunities to make the world better,” says John L. Stauch, Pentair president and CEO. “We take this responsibility seriously as we believe that making life better for people and our planet is essential.”
In 2021, Pentair made progress on its Social Responsibility Strategic Targets, including the following highlights:
- Carbon Footprint Reduction Progress Highlights: Pentair’s total Scope 1 and 2 greenhouse gas (GHG) emissions in 2021 decreased 11.8% compared to the 2019 baseline.
- Water Reduction Progress Highlights: In 2021, Pentair’s absolute water withdrawal increased 12% compared to the 2019 baseline due to organic growth. Water withdrawal intensity decreased 5%.
- Progress Design for Sustainability Progress Highlights: In 2021, Pentair enhanced its product innovation process for increased focus on environmental sustainability by developing a product sustainability scorecard. This scorecard is now integrated as a standard component in its product commercialization process.
- Responsible Supply Chain Progress Highlights: In 2021, Pentair enhanced its Supplier Code of Conduct (the “Supplier Code”), placing an increased focus on social and environmental issues and how suppliers manage ESG risks within their operations and supply chain. Pentair then launched this enhanced Supplier Code to the company’s global supply base.
- Inclusion & Diversity Progress Highlights: Pentair increased representation of women in its workforce to 32% (from 30% in 2019), and women in leadership positions increased to 31% (from 28% in 2019) in 2021. The company increased U.S. people of color (POC) representation to 43% (from 39% in 2019) of its U.S. workforce and 26% (from 23% in 2019) of its U.S. leadership positions.
Pentair engaged with a third party to assure the GHG, water, health and safety, and diversity, inclusion and equity data in the 2021 Corporate Responsibility Report.
“I’m proud of the progress Pentair has made in 2021, and the positive impacts our business has had on the planet and the people with whom we work, both at the Company and in the community at large,” says Karla Robertson, executive vice president, general counsel, secretary and chief social responsibility officer. “Our progress was made possible by the amazing energy and dedication of our employees and further demonstrates our continued commitment to be a leading socially responsible company. We are looking forward to furthering to scale our impact through our continued work with our partners, suppliers and stakeholders.”
The positive impact of Pentair’s products and solutions in 2021 is notable, as further highlighted within the Report:
- 73% of solutions supported energy efficiency; 70% supported water efficiency
- Drinking water filtration capacity helped avoid 8,956,839,073 single-use plastic bottles
- Supplied CO2 Recovery Solutions with capacity to recover 7.48 million MT annually; supported Beverage Customers with capacity to replace 3 million MT CO2
- Recognized as ENERGY STAR Partner of the Year, consecutively since 2013
- ESG Risk Rating placed Pentair in the top 26% of the Machinery industry group assessed by Sustainalytics*
- Received an MSCI ESG Rating of AA
To learn more about Pentair’s Social Responsibility Strategic Targets and its 2021 Corporate Responsibility Report, visit Pentair.com/Impact.
