ATLANTA, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE:MWA), a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water, announced today it has released its fourth Environmental, Social and Governance (ESG) report, sharing the company's ongoing progress to becoming a more sustainable, innovative and impactful organization.
2023 ESG Report Highlights
- Reduced Scope 1 and 2 emissions intensity by ~3 percent year-over-year compared with 2022 even with the addition of the new brass foundry, six distribution centers and the Mueller corporate office
- Used ~90 percent recycled metal to produce our products
- Decreased waste directed to disposal by 15+ percent year-over-year
- Used ~45,600 metric tons of recycled metal compared to ~18,900 metric tons of total waste generated
- Generated 5.8 billion estimated gallons of water loss savings for clients by EchoShore® leak detection since 2020
"2023 was a year of great progress at Mueller from an environmental, health and sustainability perspective. We were upgraded by MSCI to its highest ESG level of AAA, an important milestone from an agency that evaluates and scores companies' ESG practices," said Martie Edmunds Zakas, Mueller's Chief Executive Officer. "We also added to our global disclosure alignment to share our progress against the United Nations Sustainable Development Goals (UN SDSs) and provided our initial climate-related response to the CDP."
"Mueller has been solving problems for our customers, communities and industries alike for more than 165 years," Zakas continued. "We look forward to continuing to help our customers deliver clean, safe drinking water to millions of people for generations to come."
The progress included in Mueller's 2023 ESG report is captured in the globally accepted frameworks. We report in reference to the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) standards for the Industrial Machinery and Goods and Iron and Steel Producers industries and the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). GRI, SASB and TCFD indices can be found in the appendix of the report.
Mueller's full 2023 ESG report is available here. To learn more about Mueller Water Products' ESG strategy, initiatives, performance, targets and goals, please visit the ESG page on our website, https://www.muellerwaterproducts.com/environmental-social-and-governance.
Cautionary Statement
The standards of measurement and performance contained in this report are currently being developed and are based on assumptions, and no assurance can be given that any plan, initiative, projection, goal, commitment, expectation or prospect set forth in this report can or will be achieved. Any references to the Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), Task Force on Climate-related Financial Disclosures (TCFD) or other standards are provided for informational purposes only and are not intended to indicate that the Company currently complies with any such guidelines or standards. The inclusion of information in this report is not an indication that the subject or information is material to the Company's business or operating results.
About Mueller Water Products, Inc.
Mueller Water Products, Inc. is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. Our broad product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software technology that provides critical water system data. We help municipalities increase operational efficiencies, improve customer service and prioritize capital spending, demonstrating why Mueller Water Products is Where Intelligence Meets Infrastructure®. Visit us at www.muellerwaterproducts.com.
Mueller refers to one or more of Mueller Water Products, Inc. (MWP), a Delaware corporation, and its subsidiaries. MWP and each of its subsidiaries are legally separate and independent entities when providing products and services. MWP does not provide products or services to third parties. MWP and each of its subsidiaries are liable only for their own acts and omissions and not those of each other.
Investor Relations Contact: Whit Kincaid
770-206-4116
[email protected]
Media Contact: Jenny Barabas
470-806-5771
[email protected]
