Pentair plc (NYSE:PNR), a leading provider of water treatment and sustainable solutions, today announced its Social Responsibility Strategic Targets. The new targets were launched with the release of Pentair's 2020 Corporate Responsibility Report, which highlights the company's initiatives to be a leading socially responsible company as it delivers smart, sustainable solutions that empower customers and employees to make the most of life's essential resources.
"As a leading provider of water treatment and sustainable solutions, we are proud of our efforts to further Environmental, Social and Governance (ESG) stewardship that are highlighted in our 2020 Corporate Responsibility Report," said John L. Stauch, Pentair President and CEO. "With the announcement of our Social Responsibility Strategic Targets we are looking forward to our continued role in reducing our impact on the environment and developing solutions to address the global water and climate change challenges of the future."
Pentair's Social Responsibility Strategic Targets Include:
"We are excited about our Social Responsibility Strategic Targets as they are focused in the areas that matter to our employees, customers, shareholders, and the community and we expect them to positively contribute to our business and society," said Karla Robertson, Executive Vice President, General Counsel, Secretary, and Chief Social Responsibility Officer. "We are integrating ESG practices throughout our businesses, creating broad accountability for our strategy, and actively tracking and measuring our progress on our journey in building a more sustainable company."
Pentair's Social Responsibility Strategic Targets are built on the company's prior ESG achievements and initiatives. 2020 accomplishments, as further highlighted in Pentair's Corporate Responsibility Report, include:
Learn more about Pentair's Social Responsibility Strategic Targets and its 2020 Corporate Responsibility Report at Pentair.com/Impact. Pentair's 2020 Corporate Responsibility Report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, Core option. In addition, Pentair began mapping to the Sustainability Accounting Standards Board (SASB) as well as the Task Force on Climate-Related Financial Disclosure (TCFD) recommendations.
ABOUT PENTAIR PLC
Pentair makes the most of life's essential resources. From our residential and business solutions that help people move, improve and enjoy their water, to our sustainable innovations and applications, we deliver smart, sustainable solutions for life.
Pentair had revenue in 2020 of $3 billion, and trades under the ticker symbol PNR. With approximately 9,750 global employees serving customers in more than 150 countries, we work to help improve lives and the environment around the world. To learn more, visit pentair.com.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This release contains statements that we believe to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "targets," "plans," "believes," "expects," "intends," "will," "likely," "may," "anticipates," "estimates," "projects," "should," "would," "could," "positioned," "strategy," "future" or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including the risk that we will be unable to execute our strategy because of market or competitive conditions. Additional information concerning these and other factors is contained in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020. All forward-looking statements speak only as of the date of this release. Pentair plc assumes no obligation, and disclaims any obligation, to update the information contained in this release.
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