Primo Water Unveils Commitment to Sustainability for 2023

Primo Water Corporation Releases 2023 Sustainability Report

Primo Water Corporation (NYSE: PRMW), a prominent name in sustainable drinking water solutions, is excited to announce the release of its 2023 Sustainability Report. This report showcases the company's ongoing journey towards sustainability and the various initiatives undertaken to achieve meaningful progress.

Robbert Rietbroek, the Chief Executive Officer of Primo Water, expressed his satisfaction in sharing the report, stating, "I am pleased to share the 2023 Sustainability report, which highlights our progress and continued commitment to our sustainability journey." He emphasized that the company had made impressive strides towards its priorities and targets, launching new initiatives along the way.

Key Achievements in Sustainability

The 2023 Sustainability Report outlines several impressive achievements by Primo Water, which reflect the company’s commitment to environmental stewardship and social responsibility:

Quality Control & Operational Efficiency

Primo Water conducted over 240,000 annual quality control analyses and tests across their source, product, packaging, and refill equipment. This rigorous approach ensures the highest standards are met in all their offerings.

Water Conservation Efforts

They achieved significant water conservation, saving over 6 million gallons of water following the installation of a new high-efficiency line in one of their plants. Such initiatives not only optimize water use but also contribute to a more sustainable workflow.

Employee Training and Safety

Furthermore, the company delivered over 130,000 training hours to its associates and successfully reduced plant injuries by 47%. This commitment to employee training enhances workplace safety and operational effectiveness.

Diversity and Environmental Goals

Primo Water has also increased its supplier diversity spend by a remarkable 140%, which showcases its commitment to inclusivity. The company has significantly lowered its carbon emissions, achieving a 25% reduction in CO2e over its baseline year and has achieved CarbonNeutral certification.

Community Contributions and Initiatives

Social responsibility remains a core value for Primo Water. The company has donated over $1 million across various initiatives, including product donations and community engagement, demonstrating a profound commitment to giving back to the communities they serve.

In addition to these efforts, Primo Water has advanced its low-carbon fleet initiatives, with 14% of their beverage route truck fleet now powered by propane. Moreover, since 2021, the company reduced driving mileage by 2.4 million miles through Automatic Route Optimization (ARO), further minimizing its environmental impact.

ESG Reporting Standards Compliance

This report marks the third ESG report for Primo Water and covers the fiscal year, outlining their operations throughout North America. The contents align with various globally recognized reporting standards, including the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB).

In all initiatives, Primo Water aims to foster transparency in its sustainability efforts while promoting a healthier and more sustainable lifestyle among its consumers. The company recognizes the critical metric surrounding water stewardship and sustainability and prides itself on its ongoing partnerships with organizations focused on environmental protection.

About Primo Water Corporation

Primo Water is dedicated to providing pure water solutions, primarily focusing on the North American market. Operating under a recurring revenue model, the company offers innovative water dispensers available at numerous retail locations. The water solutions, which include brands such as Water Direct, Water Exchange, and Water Refill, aim to meet the diverse needs of consumers while ensuring sustainability.

Additionally, Primo Water highlights its commitment to reducing plastic waste and promoting sustainable consumption. By partnering with organizations like the International Bottled Water Association (IBWA), they aim to uphold rigorous safety and quality standards for consumer protection.

Primo Water is headquartered in Tampa, Florida, and continues to lead by example in the water solutions market. For further information on their sustainability initiatives and reports, visit the company's official website.

Frequently Asked Questions

What is the main focus of the 2023 Sustainability Report?

The report focuses on Primo Water's achievements and strategies in sustainability, including water conservation, emissions reduction, and community contributions.

How many quality control analyses did Primo perform?

Primo Water performed over 240,000 annual quality control analyses across various aspects of its operations.

What initiative has helped reduce carbon emissions?

Primo Water achieved a 25% reduction in CO2e and has received CarbonNeutral certification through various operational efficiencies.

How has Primo Water contributed to employee safety?

The company provided over 130,000 training hours to its employees, resulting in a significant 47% reduction in plant injuries.

What social contributions has Primo Water made?

Primo Water has donated over $1 million in various forms, including product donations, to support communities and initiatives across North America.

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