BUSINESS: Xylem Calls On The Water Sector To Join “Race To Zero Emissions Commitment”

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

by Daniel Webster, dWeb.News Publisher

RYE BROOK, N.Y.–(BUSINESS WIRE)–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 month’s 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 – the UN Climate Change Conference – being held in November. Water use and management accounts for up to 10% of global greenhouse gas emissions, today. Xylem has partnered with a group of partners, including the UNFCCC High Level Climate Action Champions (CDP), Water UK, US Water Alliance, GIZ, and the International Water Association to reduce GHG emissions.

“Water crises and climate crises are interrelated,” Claudia Toussaint (Xylem’s Chief Sustainable Officer) said. We are a sector of sustainability leaders, and there are approaches available today to drastically reduce the emissions from water systems, especially with highly efficient, advanced digital technology. We can all make a significant contribution to the containment of climate change. We hope that every sector will join us so we can all be part of the solution.”

“The science behind climate change is crystal clear. The evidence is hard to ignore. It is no longer possible to continue using the same old business-as usual approaches to managing water. Applying new approaches to managing water, we could make significant reductions of water’s GHG footprint,” said Cate Lamb, CDP’s Global Director for Water Security, and the UNFCCC COP26 High Level Action Champions Lead for Water. Although many of these solutions are still largely untapped today, we are beginning to see a lot more momentum. We expect to see more water industry players set ambitious targets to lower their emissions. This commitment from Xylem is mirrored by utilities and other water operators stepping up in the water sector’s ‘Race to Zero.’”

The United Kingdom’s water sector, through the industry group Water UK, recently published a sector-wide ‘route map‘ 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.

A global collaboration of partners, the water industry’s Race to Zero promotes the vision of providing net zero water service to all homes and businesses around the globe. This campaign encourages water utilities worldwide to set 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 month’s 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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