Xylem, Inc. (stock ticker: XYL) is a large American water technology provider. It sells products and services to public utilities, residential, commercial, agricultural, and industrial customers. Headquartered in Rye Brook, New York, it does business in more than 150 countries.
XYL’s Role in Drawdown
Xylem’s products and services are offered through three segments (pp. 7-9). The first segment, water infrastructure, primarily supports the process that collects water from a source, treats it and distributes it to users, and then treats and returns the wastewater responsibly to the environment. It sells and rents specialty dewatering pumps and related equipment and services, which provide the safe removal or draining of groundwater and surface water from construction sites or other industrial sites and bypass pumping for the repair of aging utility infrastructure, emergency water transport and removal during severe weather events.
Their applied water segment serves a diverse set of customers in the commercial, residential and industrial end markets. The products offered to these customers include pumps, valves, heat exchangers, controls and dispensing equipment systems.
Their measurement and control solutions segment develops advanced technology solutions that enable intelligent use and conservation of critical water and energy resources. It delivers communications, smart metering, measurement and control technologies and critical infrastructure technologies that allow customers to more effectively use their distribution networks for the delivery, monitoring and control of critical resources like water, electricity and natural gas.
XYL: What We Like
Xylem is taking steps to nudge their suppliers to become more sustainable
Require suppliers to provide scope 1 and 2 GHG emissions and water usage
Require suppliers to take the WBCSD Pledge for Access to Safe Water, Sanitation and Hygiene at their workplaces
Engage suppliers in sustainability initiatives through audit programs and corrective action plans
They’ve also been taking encouraging steps to enhance the sustainability of their own operations. Their 2020 milestones include:
Converting 10 of their 22 major facilities to 100% renewable energy
Reducing water intensity by ~30% compared to 2014. Their water usage in 2020 was 19% less compared to 2019
Lowering GHG net emissions intensity by more than 7% compared to 2019
Beyond these milestones, Xylem has also set targets (p. 63) for the year 2025:
Making all of their major facilities to operate on 100% renewable energy
Recycling 100% of water used at all of their major facilities
Achieving zero waste to landfill from processes at their major facilities
Developing science-based targets for scope 1, 2 and 3 emissions to align with the 1.5°C goal