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WATERS 2023 ESG REPORT HIGHLIGHTS CONTINUED PROGRESS TOWARDS SUSTAINABILITY COMMITMENTS News Summary: Waters makes strong progress on its goal to reduce greenhouse gas emissions 35% by 2025 through greater use of renewable/low-carbon...

Key Takeaway: Waters Corporation has released its 2023 Environmental, Social, and Governance (ESG) report, showcasing significant progress in its sustainability efforts. The report details the company's achievements, including a commitment to reduce greenhouse gas emissions by 35% by 2025 and enhancements in product sustainability. Additionally, Waters received multiple awards for its ESG initiatives, reflecting its commitment to social responsibility and sustainability in operations and products.
Price reaction · baseline $266.94 (2023-11-15 close) · hit after-hours · clean, no other WAT news in the window
day 0 close
-0.3%

Market Sentiment Analysis

POSITIVE FACTORS

  • Waters made strong progress towards reducing greenhouse gas emissions by 35% by 2025.
  • The company received numerous awards recognizing its ESG efforts and storytelling.
  • Waters is enhancing its product offerings to support customer sustainability initiatives.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Cash runway
~19 mo
Low dilution risk
Lead asset
CYTALUX preoperatively
Phase 2 · Esophageal Cancer

Full Press Release Details

MILFORD, Mass. , Nov. 16, 2023 /PRNewswire/ -- Waters Corporation (NYSE: WAT ) today issued its 2023 Environmental, Social, and Governance (ESG) report, highlighting the company's progress towards advancing its sustainability goals. The report also highlights Waters practices that support customers in their sustainability initiatives in areas such as products that consume less energy and reduced packaging material used in shipping.
Waters makes progress against ESG goals as part of companywide efforts to "leave the world better than we found it."
"At Waters, we are driven to solve some of the most difficult global problems to help fulfill our mission of leaving the world better than we found it," said Dr. Udit Batra , President and CEO of Waters Corporation. "We made solid gains in our overall progress to reduce emissions, increase the use of renewable energy, and have delivered innovative products that have a lower environmental impact. I am also very proud of our progress to become more representative of the society we live in through programs like Waters Student Academy and our global internship program, and by the increase of women in leadership roles. Our focused efforts today are ensuring a more equitable and inclusive culture of tomorrow, allowing us to make a meaningful impact."
2023 ESG Report Highlights Waters achieved considerable progress against the updated goals it introduced last year as part of its companywide efforts to "leave the world better than we found it," a key principle that directs Waters in its ESG efforts. Progress highlights include:
Recognition of ESG Efforts by Third Parties
Waters received 15 awards in recognition of its ESG efforts since 2022. These include Barron's 2023 100 Most Sustainable Companies U.S. list ; Dow Jones Sustainability Index; Newsweek – America's Greenest Companies 2024; USA Today – America's Climate Leaders 2023 ; 2023 EcoVadis Silver Medal; 2023 Biobase New Leaf Award ( China ); and U.S. News & World Report – Best Companies to Work f or 2023.
Additional Resources
About Waters ( www.waters.com )
Waters Corporation (NYSE: WAT ), a global leader in analytical instruments and software, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, and food sciences for over 60 years. With approximately 8,000 employees worldwide, Waters operates directly in 35 countries, including 14 manufacturing facilities, and with products available in more than 100 countries.
Waters and Xevo are trademarks of Waters Corporation.

Frequently Asked Questions

What did Waters Corporation recently publish?

Waters Corporation released its 2023 Environmental, Social, and Governance (ESG) report.

What is Waters' main sustainability goal?

Waters aims to 'leave the world better than we found it' through its ESG efforts.

How did Waters recognize its progress in ESG?

Waters received 15 awards for its ESG initiatives since 2022, showcasing its advancements.

What initiatives does Waters support for sustainability?

Waters promotes sustainable products and practices, including energy-efficient solutions.

What programs enhance diversity at Waters?

Waters supports diversity through initiatives like the Waters Student Academy and internships.

Last updated: Nov 16, 2023