Energy Recovery Establishes Corporate Emissions Reduction Target; Surpasses $5.9 Billion in Energy Savings for Customers According to Latest Sustainability Report
12 Setembro 2023 - 8:00AM
Business Wire
Energy Recovery, Inc. (NASDAQ: ERII), a trusted global leader in
energy efficiency technology, today released its fourth annual
Sustainability Report, underscoring the strong connection between
the company’s business goals and its sustainability efforts. Energy
Recovery has set its first corporate emissions reduction target,
committing to reduce its emissions in relation to revenue by 65% by
2026 from a 2021 baseline.
“Energy Recovery’s role in helping our customers achieve
reliable, sustainable operations is a source of pride for my team
and me,” said Robert Mao, Chairman of the Board, President, and
Chief Executive Officer of Energy Recovery. “With our
sustainability strategy in place, we are well-positioned to be
resilient in a changing world and ensuring a stable foundation for
growth.”
Energy Recovery’s pressure exchanger (PX) technology reduces
energy costs and emissions in several critical industries,
including desalination, wastewater treatment, and CO2
refrigeration. According to the report, the company helps its
customers prevent 17.2 million metric tons of carbon emissions from
entering the atmosphere every year, while saving $5.9 billion in
energy expenses for customers. Energy Recovery’s PX is a key
enabler of the transition to more sustainable forms of
refrigeration, water production, and wastewater treatment.
Steps to embed sustainability and safety into its business
strategy have improved Energy Recovery’s operations, including
certification for a second year in a row as a Great Place to Work.
Other takeaways from the report include:
- All Energy Recovery’s sustainability goals set in 2020 have
either been achieved, are on track, or are demonstrating
progress.
- Energy Recovery’s Environmental Management System (EMS) was
certified to the internationally recognized ISO 14001 standard at
the end of 2022.
- Per its goal to fully align with the recommendations of the
Task Force on Climate-related Financial Disclosures by the end of
2024, the company is currently working to conduct a rigorous
assessment of its climate-related business risks and opportunities.
This will serve to better understand any potential impacts and
realign the company’s future approach accordingly.
To download and read the full report, visit the new
Sustainability landing page at:
https://energyrecovery.com/sustainability
About Energy Recovery
Energy Recovery (NASDAQ: ERII) is a trusted global leader in
energy efficiency technology. Building on our pressure exchanger
technology platform, we design and manufacture reliable,
high-performance solutions that generate cost savings and increase
energy efficiency across several industries. With a strong
foundation in the desalination industry, Energy Recovery has
delivered transformative solutions that optimize operations and
deliver positive environmental impact to our customers worldwide
for more than 30 years. Headquartered in the San Francisco Bay
Area, Energy Recovery has manufacturing and research and
development facilities across California and Texas with sales and
on-site technical support available globally. For more information,
please visit www.energyrecovery.com.
Forward Looking Statements
Certain matters discussed in this press release are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended These forward-looking
statements are based on information currently available to us and
on management's beliefs, assumptions, estimates, or projections and
are not guarantees of future events or results. Potential risks and
uncertainties and any other factors that may have been discussed
herein regarding the risks and uncertainties of the Company's
business, and the risks discussed under "Risk Factors" in the
Company's Form 10-K filed with the U.S. Securities and Exchange
Commission ("SEC") for the year ended December 31, 2022 as well as
other reports filed by the Company with the SEC from time to time.
Because such forward-looking statements involve risks and
uncertainties, the Company's actual results may differ materially
from the predictions in these forward-looking statements. All
forward-looking statements are made as of today, and the Company
assumes no obligation to update such statements.
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