Mueller Water Products Unveils 2023 ESG Report: A Commitment to Sustainability
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Mueller Water Products Unveils 2023 ESG Report
Mueller Water Products, Inc. (NYSE: MWA), a key player in the manufacturing and marketing of essential products for water transmission, distribution, and measurement, has recently made a significant announcement. They have released their fourth Environmental, Social, and Governance (ESG) report, which details the strides the company has made toward enhancing sustainability, innovation, and community impact.
Key Highlights from the 2023 ESG Report
The latest ESG report from Mueller features a variety of noteworthy achievements:
Reduction in Emissions
One major accomplishment was a reduction in Scope 1 and 2 emissions intensity by approximately 3% compared to the previous year. This was achieved despite increased operational capacity, including a new brass foundry, six distribution centers, and the corporate office.
Recycling Initiatives
In a commitment to sustainability, Mueller utilized around 90% recycled metal in the manufacturing of its products, which exemplifies their dedication to minimizing environmental impact. Along with this, the company successfully decreased waste directed to disposal by over 15% within the same year.
Water Loss Savings
Moreover, the company’s innovative EchoShore leak detection technology has generated an estimated savings of 5.8 billion gallons in water loss for clients since its inception. This technology not only showcases the company’s commitment to water efficiency but also reinforces their role in serving communities.
Leadership Insights
Mueller’s Chief Executive Officer, Martie Edmunds Zakas, reflected on the year’s progress stating, “2023 was a year of great progress at Mueller from an environmental, health and sustainability perspective.” The company was recognized with an upgrade to the highest ESG level of AAA by MSCI, marking an important milestone in their journey toward sustainability.
Ms. Zakas expressed excitement regarding their global disclosure alignment efforts, acknowledging the company's commitment to the United Nations Sustainable Development Goals (UN SDGs) as well as their climate-related contributions to the CDP.
Commitment to Transparency
Mueller continues to demonstrate its commitment to transparency and accountability through rigorous reporting standards. The information presented in the report adheres to widely accepted frameworks, including the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) standards.
Frameworks and Standards
Mueller’s ESG report provides comprehensive insights aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), giving stakeholders a clear view of the company’s environmental impact and governance practices.
About Mueller Water Products
Mueller Water Products, Inc. stands as a leading force in the North American market for transmission, distribution, and measurement solutions related to water. Their extensive product range includes engineered valves, fire hydrants, metering products, and cutting-edge software that empowers municipalities to enhance operational efficiency and service quality.
With over 165 years of experience, Mueller is committed to ensuring communities have access to clean and safe drinking water, embodying the ethos of being "Where Intelligence Meets Infrastructure."
Contact Information
For inquiries related to investor relations, Whit Kincaid can be reached at 770-206-4116 or via email at wkincaid@muellerwp.com. For media-related questions, Jenny Barabas is available at 470-806-5771 or jbarabas@muellerwp.com.
Frequently Asked Questions
What is the main focus of Mueller's 2023 ESG report?
The report highlights the company’s progress in environmental and social sustainability initiatives, showcasing reduced emissions and extensive recycling efforts.
How much recycled metal does Mueller use in their products?
Mueller uses approximately 90% recycled metal in the production of its products, demonstrating its commitment to sustainability.
What recognition did Mueller receive regarding its ESG practices?
Mueller was upgraded to an ESG level of AAA by MSCI, reflecting the company's dedication to sustainability.
What technologies are highlighted in the ESG report?
The EchoShore leak detection technology is emphasized for saving significant amounts of water loss for clients, underscoring Mueller's innovative solutions.
How does Mueller engage with United Nations Sustainable Development Goals?
Mueller aligns its global disclosure efforts with the UN SDGs, indicating its dedication to sustainability and community impact over time.
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