Watts Water Technologies, Inc. (NYSE:WTS) – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating, and water quality products and solutions – today announced the release of its 2024 Sustainability Report, which highlights the Company's environmental, social and governance practices and its commitment to best-in-class sustainability performance.
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"Throughout 2024, we celebrated our 150th anniversary by reaffirming our commitment for the future: to improve the comfort, safety, and quality of life for people around the world through our expertise in a wide range of water technologies," said Robert J. Pagano, Jr., CEO, President, and Chairperson of the Board. "We also made substantial progress with respect to our environmental, social, and governance (ESG) strategy, including continued reductions to our environmental footprint; creating positive impact through community outreach; and bringing unprecedented insights and value to our customers, shareholders, and the environment with our latest smart and connected digital solutions. As we look toward the future, we are excited to continue our work to advance our vision for a world where water is safeguarded for all."
Key Watts accomplishments highlighted in the report include:
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Initiated work toward our second generation of Footprint goals, including tracking our GHG emissions performance against an absolute reduction target of 30%, which is equivalent to 10,000 metric tons (MT), by 2034.
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Reduced 950 MT of CO2, a result of new investments in renewable energy, system upgrades and equipment efficiencies, and broadening awareness of energy reduction targets across Watts sites.
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Reduced our hazardous waste intensity by 16%, a result of investments and process innovations at Watts sites that are the highest producers of hazardous waste.
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Built on a decade of data collection and water reduction initiatives across sites, we achieved a 62% reduction in water intensity between 2018 and 2023. In 2024, we began tracking our water intensity against our consolidated baseline, reducing over 600,000 liters of water. Meeting our aggressive water reduction target will require even more innovation and capital investments.
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Completed Life Cycle Assessments (LCAs) for 100% of products in our largest facility in Franklin, NH, USA, which means more than 7,500 Watts products are now covered by LCAs. We also initiated LCAs for all products in our BLÜCHER facility to be completed by the end of 2025.
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Introduced Nexa, an intelligent water management solution for commercial buildings that supports customers in the safe, efficient, and sustainable delivery of water while achieving significant cost savings.
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Launched the Watts Cares volunteer program, a resounding success with colleagues from more than 40 sites giving more than 5,000 hours of their time, expertise, and passion to more than 50 different organizations within their communities and beyond
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Provided clean water access to vulnerable communities through our ongoing partnership with Planet Water Foundation, which to date has benefited nearly 92,000 people in nine different countries.
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Recognized as one of America's Greenest Companies by Newsweek, selected as one of America's Climate Leaders since 2023 by USA Today and earned Newsweek's designation as one of America's Most Responsible Companies for the sixth consecutive year, ranking among the Top 600 from 2,000 major U.S. firms across 14 industries. Also selected as one of the World's Greenest Companies 2025 by Newsweek and America's Top GreenTech Companies 2025 by TIME.
- Named one of Top Places to Work Massachusetts since 2023 (North Andover Headquarters) by The Boston Globe – a result of the incorporation of employee engagement and inclusivity efforts as one of our strategic pillars, cultural behaviors, and global performance management, which is helping to build a high-performance, values-driven culture that welcomes and celebrates every team member.
To download Watts' 2024 Sustainability Report or learn more about the Company's sustainability programs, visit http://www.watts.com/our-story/sustainability.
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Watts Water Technologies, Inc.
Diane McClintock
Senior Vice President FP&A and Investor Relations
Telephone: 978-689-6153
Email: [email protected]