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Waters Corporation: Leading the Way in Sustainability

In a significant announcement, Waters Corporation (NYSE: WAT), a trailblazer in analytical instruments, reported remarkable advancements in its sustainability initiatives. By achieving a 36% reduction in Scope 1 and Scope 2 greenhouse gas emissions, Waters not only met but exceeded its goal set against a 2016 baseline—two years earlier than anticipated. This achievement marks a pivotal moment in the company's dedication to environmental stewardship.

Pioneering Environmental Impact

The company’s recent activities highlight its commitment to sustainability. Alongside its impressive emissions reduction, Waters successfully cut its landfill waste by 50% from a 2019 baseline, positioning itself firmly on the path towards zero waste to landfills by 2030. Moreover, they reduced water use intensity across global operations by 29%, demonstrating effective implementation of improved manufacturing processes and infrastructure.

Such efforts are not only beneficial for the environment but are crucial in aligning with the global push for science-based emission reduction targets, which Waters plans to adopt in line with the Science Based Targets initiative (SBTi) criteria for a 1.5°C future.

Commitment to Social Responsibility

Waters further emphasizes its dedication not only to the planet but also to people. The company has expanded its Waters Student Academy, significantly increasing its outreach to underrepresented communities in STEM (Science, Technology, Engineering, Mathematics). By reaching over 380 students and doubling summer internship opportunities, Waters is fostering a more diverse and inclusive future workforce. Additionally, its University Pathways Program offers crucial support for students’ career development, cultivating a robust talent pipeline in the industry.

Governance and Recognition

Alongside environmental and social achievements, Waters has also made strides in governance. Recognized as the 2024 Public Company Board of the Year by the National Association of Corporate Directors (NACD) in New England, Waters is showcasing exemplary governance practices, including significant board engagement in enterprise risk management.

Waters continues to align its reporting with esteemed industry frameworks such as the Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB), ensuring transparency and accountability in its operations.

Honored for Efforts

Waters' commitment to sustainability has not gone unnoticed; the company has amassed 14 awards and recognitions for its environmental, social, and governance (ESG) efforts since 2023. These accolades include being selected in Barron's 2024 100 Most Sustainable Companies, earning the Dow Jones Sustainability Index inclusion, and receiving numerous recognitions from the Human Rights Campaign Foundation and U.S. News & World Report.

Conclusion

Through innovative practices and a decisive commitment to sustainability, Waters Corporation stands out as a leader in blending profit with purpose. As the company continues to set ambitious goals and exceeds expectations, it is paving the way for corporate responsibility in the era of climate consciousness. As Dr. Udit Batra, CEO of Waters, aptly stated, "At Waters, we are committed to delivering shareholder value while making a positive impact on the world."

For those interested in learning more about Waters' groundbreaking sustainability initiatives and career opportunities, further information can be found on their official website.