Mueller Water Products, Inc. (NYSE: MWA) announced the release of
its third Environmental, Social and Governance (ESG) Report sharing
its ongoing progress and further demonstrating the Company’s
commitment to driving toward sustainability leadership in the
industry.
2022 ESG Report Highlights
- 51 percent reduction in Scope 1 and
2 emissions intensity against 2015 baseline
- 86 percent recycled metal used to
produce our products
- 21 percent decrease in waste
directed to disposal
- 56,925 metric tons of recycled metal
used (vs. 22,644 metric tons of total waste generated)
- 2.8 billion gallons of water loss
savings generated for clients by EchoShore® leak detection since
2020
“As exhibited by these highlights, during 2022 we continued to
make progress on key initiatives that enable us to help water
utilities address the growing challenges related to aging
infrastructure and climate change. Our broad portfolio of products
and services helps customers reduce non-revenue water, extend pipe
life and provide life-saving fire protection,” said Scott Hall,
Mueller CEO and President. “We are committed to providing
intelligent products and services that help cities and
municipalities repair and replace their aging infrastructures,
increase the resiliency of their distribution networks and respond
to water-related climate impacts.”
“We also continued to drive down operational emissions and
achieved our initial emissions target significantly ahead of plan,”
Scott continued. “In addition, our new brass foundry is a major
step in advancing our environmental commitment and will be a
noteworthy advancement in sustainability for our customers and
communities.”
Mueller’s Key ESG Targets
- Reduce Scope 1 and Scope 2 GHG
emissions intensity by 50 percent by 2035 using 2022 as the
baseline
- Reduce water withdrawal intensity by
3 percent year-over-year
- Achieve zero waste to landfills by
2035
- Identify a total of 7.7 billion
gallons of water loss from our EchoShore® leak detection technology
between 2020 and 2027
- Convert all brass products to a
lead-free alloy and achieve 100% lead-free brass manufacturing
processes by 2030
- Achieve zero safety incidents
- Improve employee engagement in our
Wellness Program by 5 percent year-over-year by the end of
2023
Complete details on these highlights and the progress toward
these targets are outlined in the full 2022 ESG Report here.
From a governance and climate perspective, the Company noted
that in this report, it has expanded its disclosures to include
reference to the Task Force on Climate-related Financial
Disclosures (TCFD) recommendations representing how climate-related
risks and opportunities are embedded in its business decisions. Its
disclosures also continue to be guided by the Sustainability
Accounting Standards Board (SASB) standards and the Global
Reporting Initiative (GRI) standards. Its business is aligned with
SASB’s Industrial Machinery and Goods and Iron and Steel Producers
standards. GRI, SASB and TCFD indices can be found in the appendix
of the report.
To learn more about Mueller Water Product’s ESG strategy,
initiatives, performance, targets and goals, please visit the ESG
page on our
website, https://www.muellerwaterproducts.com/environmental-social-and-governance
Cautionary Statement
The standards of measurement and performance contained in
Mueller’s 2022 ESG Report are currently being developed and are
based on assumptions, and no assurance can be given that any plan,
initiative, projection, goal, commitment, expectation or prospect
set forth in this report can or will be achieved. Any references to
the SASB, GRI, TCFD or other standards are provided for
informational purposes only and are not intended to indicate that
the Company currently complies with any such guidelines or
standards. The inclusion of information in this report is not an
indication that the subject or information is material to the
Company’s business or operating results.
Forward-Looking Statements
Mueller’s 2022 ESG Report contains certain statements that may
be deemed “forward-looking statements” within the meaning of the
federal securities laws. All statements that address activities,
events or developments that the Company intends, expects, plans,
projects, believes or anticipates will or may occur in the future
are forward-looking statements, including, without limitation,
statements regarding goals, outlooks, projections, forecasts,
expectations, commitments, trend descriptions and the ability to
capitalize on trends, long-term strategies and the execution or
acceleration thereof, including sustainability focus areas,
targets, expectations, estimates and the development of future
technologies. Forward-looking statements are based on certain
assumptions and assessments made by the Company in light of the
Company’s experience and perception of historical trends, current
conditions and expected future developments. Actual results and the
timing of events may differ materially from those contemplated by
the forward-looking statements due to a number of factors, without
limitation, including the factors that are described in the section
entitled “RISK FACTORS” in Item 1A of the Company’s most recent
Annual Report on Form 10-K and later filings on Form 10-Q, as
applicable. Forward-looking statements do not guarantee future
performance and are only as of the date they are made. The Company
undertakes no duty to update its forward-looking statements except
as required by law. Undue reliance should not be placed on any
forward-looking statements. You are advised to review any further
disclosures the Company makes on related subjects in subsequent
Forms 10-K, 10-Q, 8-K and other reports filed with the U.S.
Securities and Exchange Commission. Any ESG data included in the
report is not subject to GAAP reporting and is not audited.
About Mueller Water Products,
Inc.
Mueller Water Products, Inc. is a leading manufacturer and
marketer of products and services used in the transmission,
distribution and measurement of water in North America. Our broad
product and service portfolio includes engineered valves, fire
hydrants, pipe connection and repair products, metering products,
leak detection, pipe condition assessment, pressure management
products, and software technology that provides critical water
system data. We help municipalities increase operational
efficiencies, improve customer service and prioritize capital
spending, demonstrating why Mueller Water Products is Where
Intelligence Meets Infrastructure®. Visit us at
www.muellerwaterproducts.com.
Mueller refers to one or more of Mueller Water Products, Inc.
(MWP), a Delaware corporation, and its subsidiaries. MWP and each
of its subsidiaries are legally separate and independent entities
when providing products and services. MWP does not provide products
or services to third parties. MWP and each of its subsidiaries are
liable only for their own acts and omissions and not those of each
other. Mueller brands include Mueller®, Echologics®, Hydro Gate®,
Hydro-Guard®, HYMAX®, i2O®, Jones®, Krausz®, Mi.Net®, Milliken®,
Pratt®, Pratt Industrial®, Sentryx™, Singer®, and U.S. Pipe Valve
& Hydrant. Please see muellerwp.com/brands to learn more.
Investor Relations Contact: Whit Kincaid
770-206-4116wkincaid@muellerwp.com
Media Contact: Robin
Keegan404-206-4152rkeegan@muellerwp.com
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