News Summary:
- Waters makes strong progress on its goal to reduce greenhouse
gas emissions 35% by 2025 through greater use of
renewable/low-carbon energy sources and further cutting Scope 1 and
Scope 2 emissions by 27% over a 2016 baseline.
- Company-led diversity, equity, and inclusion initiatives
contribute to more women in leadership roles; programs expand reach
of Waters Student Academy to over 300 students from communities
historically underrepresented in STEM fields.
- The 2023 ESG report details Waters approach and alignment with
recommendations of the Task Force on Climate-related Financial
Disclosures (TCFD).
MILFORD,
Mass., Nov. 16, 2023 /PRNewswire/ -- Waters
Corporation (NYSE:WAT) today issued its 2023 Environmental, Social,
and Governance (ESG) report, highlighting the company's progress
towards advancing its sustainability goals. The report also
highlights Waters practices that support customers in their
sustainability initiatives in areas such as products that consume
less energy and reduced packaging material used in shipping.
Waters makes progress against ESG goals as
part of companywide efforts to "leave the world better than we
found it."
"At Waters, we are driven to solve some of the most difficult
global problems to help fulfill our mission of leaving the world
better than we found it," said Dr. Udit
Batra, President and CEO of Waters Corporation. "We made
solid gains in our overall progress to reduce emissions, increase
the use of renewable energy, and have delivered innovative products
that have a lower environmental impact. I am also very proud of our
progress to become more representative of the society we live in
through programs like Waters Student Academy and our global
internship program, and by the increase of women in leadership
roles. Our focused efforts today are ensuring a more equitable and
inclusive culture of tomorrow, allowing us to make a meaningful
impact."
2023 ESG Report Highlights
Waters achieved considerable progress against the updated goals it
introduced last year as part of its companywide efforts to "leave
the world better than we found it," a key principle that directs
Waters in its ESG efforts. Progress highlights include:
Environmental
- Five percent decrease in year-over-year Scope 1 and 2
greenhouse gas emissions. Waters has cut Scope 1 and 2 emissions
27% since 2016, making strong progress towards its goal to reduce
greenhouse gas emissions 35% by 2025.
- Ninety percent of waste diverted from landfills in 2022 and an
8.5% reduction in non-hazardous waste since 2016. Also reduced
water use intensity 25% below a 2019 baseline.
- Nearly 33% increase in renewable energy use since 2021, with
approximately 77% of the company's electricity sourced from
renewable and/or low-carbon sources in 2022.
- Introduced Xevo™ TQ Absolute Mass Spectrometer that consumes
roughly half the energy and nitrogen and generates approximately
half the heat of comparable instruments. Newest column products use
100% recycled and/or recyclable packaging materials.
Social
- Increased the number of women at the Senior Director level and
above to 34%, a 12% increase since 2017. Also grew Waters global
internship program to bring in 150 graduate and undergraduate
students, of which 45% were women.
- Grew Waters Student Academy STEM education program to reach
more than 300 students since 2022, mostly from communities in the
U.S. and U.K. historically underrepresented in STEM fields.
- Expanded partnerships with LGBTQIA+ advocacy organizations such
as Stonewall and PFLAG, along with enhancements to employee
benefits that further support gender transition and wellbeing.
Governance
- For the first time, Waters includes the company's approach to
disclosing climate-related risks and opportunities aligned with
recommendations of the Task Force on Climate-related Financial
Disclosures (TCFD).
- Reported continued progress against objectives via industry
frameworks such as the Sustainability Accounting Standards Board
(SASB), United Nations 2030 Agenda for Sustainable Development, and
Global Reporting Initiative (GRI).
Recognition of ESG Efforts by Third Parties
Waters received 15 awards in recognition of its ESG efforts
since 2022. These include Barron's 2023 100 Most Sustainable
Companies U.S. list; Dow Jones Sustainability Index;
Newsweek – America's Greenest Companies 2024; USA Today – America's Climate Leaders
2023; 2023 EcoVadis Silver Medal; 2023 Biobase New
Leaf Award (China); and
U.S. News & World Report – Best Companies to Work for
2023.
Additional Resources
- Read the complete Waters 2023 ESG Report
- Learn about job opportunities at Waters by visiting the Waters
career page
- Follow and connect with Waters LinkedIn, Twitter, and
Facebook
About Waters (www.waters.com)
Waters Corporation (NYSE: WAT), a global leader in
analytical instruments and software, has pioneered chromatography,
mass spectrometry, and thermal analysis innovations serving the
life, materials, and food sciences for over 60 years. With
approximately 8,000 employees worldwide, Waters operates directly
in 35 countries, including 14 manufacturing facilities, and with
products available in more than 100 countries.
Waters and Xevo are trademarks of Waters Corporation.
Contact:
Kevin Kempskie
Senior PR Director, Corporate Communications
Waters Corporation
+1-508-482-2814
pr@waters.com
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SOURCE Waters Corporation