GlobalData offers a comprehensive analysis of Primo Water, 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 Primo Water‘s ESG performance. GlobalData’s company profile on Primo Water 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.
Primo Water, a company focused on sustainable water solutions, is dedicated to mitigating the impacts of climate change by actively managing GHG emissions, responsibly sourcing water, and integrating circular economy principles into its business models. Its goal is to achieve a 20% reduction in GHG emissions per gallon of product in distribution operations by the year 2030 compared to the levels recorded in 2020. As of 2022, it made significant progress in this direction, having accomplished a reduction of approximately 25% in GHG emissions compared to the levels observed in 2020. In 2022, the company reported carbon emissions of 115,137 metric tons of CO2 equivalent for Scope 1, while Scope 2 emissions totaled 43,774 tCO2e (Location-Based Total) and 45,329 tCO2e (Market-Based Total). Additionally, Scope 3 emissions amounted to 182,975 tCO2e.
The company aims to achieve zero waste status at 50% of its plants by 2030, defining zero waste as a 90% landfill diversion rate. The scoping process for this initiative is expected to conclude by 2023, with the first set of plants projected to attain zero waste status by 2024. These efforts are part of the company's targeted sustainability goals, and progress is on track in line with the outlined objectives. To support their carbon neutrality objectives, the company procures Energy Attribute Certificate (EAC) products, such as Guarantee of Origins (GOs) in Europe and Renewable Energy Guarantee of Origins (REGOs) in the United Kingdom, ensuring the purchase of CarbonNeutral® electricity and securing 100% renewable electricity for all European operations. Furthermore, their ongoing energy efficiency initiatives have resulted in saving over 750,000 kWh or approximately 535 metric tons of CO2e in 2022.
To achieve its net-zero targets, Primo Water has taken several steps. It has begun to exit the single-use bottled water retail business, resulting in reductions in plant energy usage, transportation miles, and fuel usage. In addition, it plans to achieve 50% recycled polyethylene terephthalate (rPET) for single-use bottles globally by 2030. The company has also invested in energy-efficient plants and added propane-powered trucks to its fleet, reducing CO2 output and nitric oxide output. Primo Water is committed to accelerating the reduction of its absolute emissions and advancing verified decarbonization projects.
In conclusion, Primo Water is dedicated to protecting the planet and addressing climate change. The company has set net-zero targets and aims to achieve carbon neutrality by 2021. It has made significant progress in reducing its carbon emissions and has taken steps such as exiting the single-use bottled water retail business and investing in energy-efficient plants and renewable energy. Primo Water's commitment to sustainability and its efforts to reduce emissions make it a leader in the industry.