Water technology company has been included on Fortune’s 2018 “Change the World” list, a ranking of 50 companies that have made a significant social impact through their core business strategy.
Xylem is listed as number 7 in the ranking, gaining recognition for creating ‘tangible social value’ through its solutions for water challenges across the world.
“At Xylem, we are privileged to operate in an industry where we pioneer innovative approaches and technologies that are not only core to our business, but also have a lasting impact on communities,” said Patrick Decker, president and CEO of Xylem.
“We are honoured to be recognized by Fortune as a company that is driving social impact - a testament to the work of Xylem’s nearly 17,000 colleagues who are committed to making water safer, more accessible and more affordable for people and communities around the world. Our global mission of solving water is rooted in our purpose as an enterprise, which is to create both social and economic value in all that we do.”
Now in its fourth year, Fortune’s “Change the World” list ranks companies using factors including measurable social impact, business results, degree of innovation and corporate integration.
Xylem initiatives recognised by Fortune include the company’s ongoing work to help strengthen cities’ resilience so they are better equipped to cope with the impact of climate change and natural disasters, and Xylem’s actions to advance smart water solutions.
The Company’s role in supporting the Thai cave rescue mission was also noted. A team of Xylem engineers worked with the Thai authorities to re-configure the dewatering pumps in place at the cave, increasing pumping capacity by 40% and enabling the successful rescue of the young soccer team and their coach.