Waters Publishes 2022 ESG Report, Highlights New Commitments
Waters Corporation has released its 2022 Environmental, Social, and Governance (ESG) Report. This report shows the company's efforts in 2021 and the first half of 2022 to reduce its environmental footprint, build a diverse workforce, and maintain good governance practices.
Dr. Udit Batra, President and CEO of Waters Corporation, said:
"We are making steady progress on our goals, which is reflected in the recognition of our efforts by leading media and inclusion in ESG investor indexes.
"I am proud of the Waters team, who worked to integrate responsible practices across our business with significant milestones, such as achieving LEED certification at our Taunton precision chemistry manufacturing facility and expanding STEM education opportunities through our Waters Student Academy programme. Doing our part to leave the world better than we found it is at the core of Waters’ ESG strategy.”
Waters’ ESG Report Highlights:
5% year-over-year reduction (2020-2021) in Scope 1+2 Greenhouse Gas Emissions and 6% decrease in water consumption at the company’s largest owned manufacturing facilities.
Waters got a perfect score of 100 on the Human Rights Campaign 2022 Corporate Equality Index and started the Waters Student Academy to encourage underrepresented students to study science, technology, engineering, and math (STEM).
Introduced a political participation policy; in addition to an independent chair, 57% of Waters’ Board of Directors is ethnically and/or gender diverse.
The Waters 2022 ESG report shows the company's progress toward its ESG goals through industry frameworks like the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI). It also includes highlights and stories that show how the company is meeting its ESG goals.
Waters aligned its ESG reporting with the United Nations Sustainable Development Goals and plans to report future progress against the Task Force on Climate-related Financial Disclosures (TCFD) framework. This shows that the company is committed to world-class governance and transparency.
Updated ESG Strategy:
In 2021, Waters conducted a third-party materiality assessment to gain stakeholder input for the company's ESG strategy. The ESG strategy of Waters is based on the company's goal to "leave the world better than we found it." It tries to do this by focusing on:
Reduce our most significant environmental impacts
Reduce GHG emissions by 35% by 2025 from a 2016 baseline
Reduce waste to landfill by 50% by 2025 from a 2019 baseline; zero waste to landfill by 2030
Decrease water use intensity by 2025 from a 2019 baseline
Become more representative of the society we live in
Increase % of women in leadership (YoY)
Increase % of Black and Latinx employees (YoY)
Increase number of students exposed to, and Waters volunteers engaged in, STEM education in the community (YoY)
Enhance long-term stakeholder value with good governance and effective oversight
Active Board oversight of enterprise risk management
Deliver robust ethics and compliance programme
Provide disclosures in accordance with GRI and SASB
Source: Waters Corporation
Click here to learn more about Waters 2022 ESG Report