GlobalData offers a comprehensive analysis of Evoqua, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Evoqua’s ESG performance. GlobalData’s company profile on Evoqua offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Evoqua, a leading provider of water treatment solutions, has set ambitious net-zero targets to reduce its greenhouse gas (GHG) emissions. The company aims to achieve net-zero emissions by 2050 and has also set a goal to recycle and reuse more water than it withdraws by 2035. Evoqua recognizes the importance of addressing climate change and is committed to developing science-based targets to help achieve its net-zero goals.
In terms of carbon emissions, Evoqua has implemented measures to reduce its environmental footprint. Utilizing the Greenhouse Gas (GHG) Protocol methodology, the organization has established baseline measurements for its scope 1, 2, and 3 emissions. This strategic approach enables the development of Science-Based GHG emissions reduction targets, representing a significant progression towards the company's goal of achieving net-zero emissions by 2050. In 2022, the company reported Scope 1 Emissions (Direct), which encompass natural gas, propane, diesel, and gasoline, at 43,085 metric tons of CO2e. Additionally, the company recorded Scope 2 Emissions (Indirect) from electricity consumption, totaling 13,470 metric tons of CO2e.
Evoqua's fleet, powered by diesel and gasoline, constitutes roughly 40% of the organization's FY22 scope 1 and 2 emissions. In 2022, the company advanced by introducing an additional 25 hybrid vehicles and furthered efforts on fleet electrification plans. The objectives for 2023 involve launching additional hybrid vehicles, piloting electric vehicles, and persisting in researching alternative fuel options. Also, the company's carbon reactivation and resin regeneration services have prevented over 100,000 tons of spent resin and carbon from entering landfills in the fiscal year 2022 alone. Additionally, Evoqua's anaerobic wastewater treatment systems produce approximately 540,000 cubic meters per day of biogas, contributing to renewable energy generation. In 2021, the company set a goal to recycle and reuse more water than withdrawn by 2035. In FY22, the company's total company-wide water reuse exceeded 65%.
Evoqua is dedicated to developing innovative solutions to address water scarcity and emerging contaminants, which are exacerbated by climate change. The company's product and service offerings, such as UV disinfection systems, help customers mitigate water stress and provide a safe alternative water supply. Evoqua also prioritizes the efficient use of materials, reducing energy consumption, CO2 emissions, water usage, and waste generation.
To achieve its emission reduction targets, Evoqua is investing in research and innovation through its Sustainability and Innovation Hub. This center of excellence focuses on addressing emerging water trends, including climate change, connectivity, and health and safety. By prioritizing energy efficiency in its products, Evoqua aims to enable its customers to have a positive impact on the environment. Evoqua recognizes the importance of raising awareness about the effects of climate change on water systems. The company actively engages in volunteering, educational initiatives, and corporate giving to promote environmental consciousness.
In conclusion, Evoqua is committed to achieving net-zero GHG emissions by 2050 and recycling more water than it withdraws by 2035. The company has implemented various measures to reduce its carbon emissions and environmental footprint. Through innovative solutions and investments in research and development, Evoqua aims to address water scarcity and emerging contaminants caused by climate change.
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