Xylem Inc., the global leader in water technology, has announced the extension of its Planet Water Foundation partnership. The Planet Water Foundation is a non-profit focussed on delivering clean water access and hygiene education to areas that lack these fundamental constituents of life. As such, they are an obvious partner for Xylem, the motto of which is “Lets Solve Water”. Together, the two organisations have already contributed an incredible amount of aid to impoverished persons around the globe.
Xylem’s share price has risen by 20% so far this year
Source: Yahoo Finance
Xylem and the Planet Water Foundation started working together in 2011. Since then, they’ve provided safe potable water to more than 400 communities in 12 countries. The new agreement will see the Planet Water Foundation integrate Xylem’s pump products into all of its water filtration and sanitation solutions – over 1,100 projects in 13 countries.
Joseph Vesey, Xylem’s chief marketing officer, explained the partnership in a statement, saying: “Xylem has a unique opportunity and responsibility to drive change and promote water sustainability with our business and with our social impact efforts. This partnership helps us deliver on one of our sustainability goals: to empower communities to achieve water security. We’ve committed 1% of Xylem employees’ time and 1% of our profits to help make that happen. We are enthusiastic about extending our work with Planet Water Foundation to advance our shared goal of helping communities solve urgent water challenges.”
Disclosure
Dominion holds Xylem Inc. in its Global Trends Managed Fund.
Author: Theo Leworthy
Disclaimer: The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Capital Strategies Limited or its related companies. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.
