Targets the 10% of Global Emissions Generated by Water Use and Management
SOURCE: Xylem Inc.
DESCRIPTION:
RYE BROOK, NY, October 14, 2021ย /3BL Media/ โ Global water technology company, Xylem (NYSE: XYL), today called on water sector leaders and organizations to join a global sustainability push to reduce greenhouse gas emissions related to water systems and water management. The encouragement comes after last monthโs announcement that Xylem had formalized its commitment to achieve net zero carbon emissions across its value chain before 2050*.
Attention to greenhouse gas (GHG) emissions in the water sector is increasing in the run-up to COP26 โ the UN Climate Change Conference โ being held in November. Water use and management accounts for up to 10% of global greenhouse gas emissions, today. Xylem is collaborating with a consortium of partners including the UNFCCC High Level Climate Action Champions, CDP, Water UK, the US Water Alliance, the International Water Association, GIZ and others to help water utilities commit to reducing GHG emissions.
โWater and climate crises go hand-in-hand,โ said Claudia Toussaint, Xylemโs Chief Sustainability Officer. โWe are a sector of sustainability stewards, and approaches exist, today, to dramatically reduce emissions from water systems -- especially using highly efficient, advanced digital technologies. Together, we can make a meaningful contribution to containing climate change. We hope every part of the sector joins us, so weโre all part of the solution.โ
โThe science of climate change is clear and the evidence hard to ignore. The time for business-as-usual approaches to managing water is over. Applying new approaches to managing water, we could make significant reductions of waterโs GHG footprint,โ said Cate Lamb, CDPโs Global Director for Water Security, and the UNFCCC COP26 High Level Action Champions Lead for Water. โToday, many of these solutions remain largely untapped, but we are seeing growing momentum. We hope to see more and more players across the water value chain set ambitious targets to reduce their emissions. This commitment from Xylem is mirrored by utilities and other water operators stepping up in the water sectorโs โRace to Zero.โโ
The United Kingdomโs water sector, through the industry group Water UK, recently published a sector-wide โroute mapโ to demonstrate how utilities across the country will achieve net zero on operational emissions by 2030.
The Race to Zero is a global campaign, under the banner of the UNFCCC, rallying support from businesses, cities, and regions to take rigorous and immediate action to halve global emissions by 2030 and promote sustainable growth.
The water sectorโs Race to Zero is an international collaboration of partners promoting the vision of delivering net zero water service for the worldโs homes and businesses. The campaign is encouraging water utilities, worldwide, to commit to their own net-zero targets. Utilities and water sector companies that have made net-zero commitments will be highlighted at the Water & Climate Pavilion at next monthโs COP26 meetings, in Glasgow.
*Last month, Xylem announced commitments to Science-Based Target aligned to a 1.5oC reduction by 2030 (Scope 1, 2 and 3) and Net Zero emissions (Scope 1, 2 and 3) before 2050.
About Xylem
Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our more than 16,000 diverse employees delivered revenue of $4.88 billion in 2020. We are creating a more sustainable world by enabling our customers to optimize water and resource management, and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com.
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Olivia Murray
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Olivia.Murray@edelman.com
KEYWORDS: NYSE: XYL, Xylem, water, Race to Zero, sustainability
