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- Pentair Social Responsibility Targets
Through our business solutions and the innovation and commitment of our talented employees, we have an opportunity to make unique contributions to global efforts for greater sustainability and equity. We've set Social Responsibility Targets to advance the positive impact of our business. In setting our targets, we focused on the impact our operations, products, and solutions have on people and the planet.
Pentair Social Responsibility Strategic Targets
Carbon Footprint Reduction
- We are targeting reducing our greenhouse gas (GHG) emissions by 50% from a 2019 baseline by 2030, and aim to achieve carbon neutrality by 2050, in each case related to Scope 1 and 2 GHG emissions.
2023 Progress Highlight: In 2023, Pentair’s total Scope 1 and 2 greenhouse gas emissions decreased 30.9% compared to the 2019 baseline.
Water Reduction
- Pentair is targeting a 30% reduction in overall water withdrawal from a 2019 baseline by 2030.
2023 Progress Highlight: In 2023, Pentair’s absolute water withdrawal within its operations decreased 22.9% compared to the 2019 baseline.
Product Design for Sustainability
- Assess 100% of new products using this enhanced innovation process beginning in 2022.
- Include a product sustainability rating as an equally weighted factor in commercialization decisions.
- Developing a standardized process for aggregation of product sustainability achievements to disclose customer energy, water, and chemical savings made possible by the use of our products.
2023 Progress Highlights: Building on our success from 2022, we assessed 100% of new products with our product sustainability scorecard1 in 2023 as part of our enhanced innovation process2. We continued to consider product sustainability, along with other factors, as we weighed decisions in our commercialization process. In 2023, we laid the groundwork for new sustainability tools to aggregate product sustainability achievements for our customers.
Responsible Supply Chain
- Assess the ESG maturity of 100% of new suppliers with projected spend of greater than $1 million to ESG maturity by 2025.
- Assess the ESG maturity of the top 80% of existing suppliers by spend to ESG maturity by 2030.
2023 Progress Highlights: We assessed the ESG maturity of 50% of new suppliers with projected spend of greater than $1 million. We assessed the ESG maturity of approximately 73% of our top 80% of existing suppliers by spend.
Inclusion & Diversity
- Achieving an inclusive and diverse workforce and leadership team that embraces the communities in which we live, work, and serve with a specific focus on increasing women in leadership3 positions globally and people of color (POC) representation in U.S. leadership positions.
2023 Progress Highlights: In 2023, Pentair’s representation of women in the workforce was 31% (2019 baseline of 30%) and women in leadership positions was 31% (2019 baseline of 28%). In 2023 in the U.S, people of color (POC) representation in the workforce was 38% (2019 baseline of 39%) and its U.S. POC representation in leadership positions was 24% (2019 baseline of 23%).
1Our product sustainability scorecard analyzes five impacts from a product’s lifecycle – water use, energy use, GHG emissions, resource use efficiency, and material health – and incorporates an assessment of these impacts as part of new product design.
2Physical products only.
3Leadership is defined as director level or above.
2023 CORPORATE RESPONSIBILITY REPORT
Our annual Corporate Responsibility Report highlights our efforts to support a more sustainable future.
