Xylem Inc has been named to Fortune magazine’s 2018 Change the World list, a ranking of 50 companies that have made a significant social impact through their core business strategy.
Ranked number 7 on the listing, Xylem has been recognised for creating tangible social value through its innovative solutions that are helping to solve water challenges across the world.
“We are honoured to be recognised 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,” said Patrick Decker, president and CEO of Xylem. “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 recognises companies that have had a positive social impact through activities that are part of their core business strategy. The Change the World list ranks companies using factors including measurable social impact, business results, degree of innovation and corporate integration.
Fortune recognised Xylem’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 recent Thai cave rescue was also noted. A team of Xylem engineers worked with the Thai authorities to reconfigure the dewatering pumps in place at the cave, increasing pumping capacity by 40%.
Over the past year, Xylem has received a number of recognitions for its leadership in sustainability. Forbes and Just Capital included Xylem in their America’s Most Just Companies list and Barron’s ranked Xylem in the top 10 on its inaugural list of the 100 Most Sustainable Companies headquartered in the United States. Xylem also received an Engage for Good Gold Halo Award for the Company’s Watermark employee volunteerism efforts.