Monday, 15 November 2021
PITTSBURGH, PA. – Evoqua Water Technologies (NYSE: AQUA), a leader in mission-critical water treatment solutions, today announced its goals to reduce its operational footprint, furthering the company's commitment to operate sustainably and mitigate its environmental impacts. As part of this effort, Evoqua has set goals to increase recycling and reuse of water in its facilities by 2035 and reach net-zero greenhouse gas emissions by 2050.
By 2035, Evoqua's facilities will seek to recycle and reuse more water than withdrawn
To address water risks related to climate change, Evoqua has adopted a goal of reusing more water than it withdraws from source by 2035. As part of Evoqua’s path toward achieving this goal, Evoqua intends to create water management plans for its facilities to increase efficiency in their water usage and to implement additional water recycling and reuse initiatives, utilizing its own technology.
Evoqua plans to set science-based targets by 2023 that will assist Evoqua with its goal of reaching net-zero greenhouse gas emissions by 2050
Over the next two years, Evoqua plans to use the science-based target setting methodology to evaluate its scope 1, 2, and 3 emissions, which will enable the company to develop greenhouse gas emission reduction targets in line with the Paris Agreement's 1.5°C pathway. Evoqua views the development of reduction targets as an important next step on its journey towards reaching its goal of net-zero greenhouse gas emissions by 2050.
Evoqua plans to use the Science Based Targets initiative’s (SBTi) methodology to assist the company in setting its reduction targets by 2023. The SBTi provides a framework for companies to set emission reduction targets that align with leading climate science and sector-relevant impacts. Currently, more than 2,000 businesses around the world are working with the SBTi.
To incentivize Evoqua’s attainment of its sustainability goals, the company announced that it is incorporating environmental and safety metrics into its employee annual compensation program beginning this fiscal year.
"Every day, we work hard to ensure that our customers' water systems are operating sustainably, helping them to mitigate climate and water risks by delivering connected, resilient technologies that provide healthy and safe water resources," said Ron Keating, Evoqua's Chief Executive Officer. "As we continue our sustainability journey, we are committed to looking inward and taking action to further protect our communities and planet by reducing our operational footprint. Today's announcement is an important step to delivering growth responsibly and sustainably."
About Evoqua Water Technologies
Evoqua Water Technologies is a leading provider of mission critical water and wastewater treatment solutions, offering a broad portfolio of products, services and expertise to support industrial, municipal and recreational customers who value water. Evoqua has worked to protect water, the environment and its employees for more than 100 years, earning a reputation for quality, safety and reliability around the world. Headquartered in Pittsburgh, Pennsylvania, the company operates in more than 150 locations across nine countries. Serving more than 38,000 customers and 200,000 installations worldwide, our employees are united by a common purpose: Transforming Water. Enriching Life®.
DESOTEC, founded in 1990, is the leading European provider of mobile filtration solutions through a unique and circular service concept, which helps protect the planet by enabling clean water, air, and soil. DESOTEC's customer base is constantly growing thanks to a strong focus on 24/7 service and a commitment to design and deliver the best solution in close dialogue with the customer. Through in-depth expertise of industrial applications and continuous investment in mobile filters, reactivation capacity and well-positioned hubs, DESOTEC ensures that the industry can meet the increasing regulations for a better and cleaner environment. Private equity funds managed by Blackstone acquired DESOTEC in 2021. Further information is available at www.desotec.com.
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $951 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com.
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