Trusted Solutions for a Sustainable Future
Energy Recovery is dedicated to accelerating the environmental sustainability of customers’ operations in multiple industries. Three years ago, we embarked on our formal Environmental, Social, and Governance (ESG) journey to turn the lens on ourselves and provide our stakeholders further transparency around our company. We believe sustainable operations and products are fundamental to being a resilient business, and our ESG program offers a strategic roadmap for improvement.
Follow our progress in our latest ESG report.
2021 ESG Highlights
- Our ESG goals, set in 2020, are over 90% on track. The goals include both quantitative and qualitative targets relating to Employees, Environmental & Climate Change Risks, Innovation & Opportunity, and Products.
- A first! We’re reporting greenhouse gas (GHG) emissions so we can track reduction efforts going forward.
- Annually, we help our customers save nearly $4 billion in energy expenses and avoid 14.5 million metric tons of emissions.
- We have increased the amount of energy saved annually through our products by nearly 40% since 2019.
- We are expanding PX technology to other critical industries, such as industrial wastewater treatment and CO₂ refrigeration.
- We’re improving safety through our ISO 45001 certification.
Our ESG Goals
Goal: Develop workforce to deliver sustainable, diversified growth
Goal: Protect the lives and livelihoods of our employees by providing a safe and healthy workplace
As we diversify and grow into a multi-industry company, a focus on the talent and culture that brought us this far is critical. We recognize that our human resource strategies and processes must evolve to support this growth.
Environmental & Climate Change Risks
Goal: Report climate-related risk strategy and management aligned with TCFD by end of 2024
Goal: Certification to ISO 14001 Environmental Management Standard by end of 2022
Energy Recovery is committed to making continued progress on our climate-change related disclosures, as well enhancing our internal management of environmental risks.
Innovation & Opportunity
Goal: Double emissions reductions from our products by end of 2025 vs. 2019 baseline
Developing technologies that drive efficiencies and reduce emissions for our customers is at the heart of Energy Recovery’s value proposition and sustainability strategy.
Goal: Deliver products and solutions customers can trust
Trust and reliability have long been synonymous with our PX Pressure Exchanger, the desalination industry’s leading energy recovery device.
Our Focus on Sustainability
Building community partnerships for a more sustainable future
Just as our company is dedicated to delivering efficient and sustainable products to our customers, we are committed to supporting the local and global communities where our employees live and work with that same spirit. Our aim is to lead by example and empower our partners who share this purpose.
Ensuring accountability and transparency
As a publicly traded company (NASDAQ: ERII), our corporate governance efforts are focused on effectively managing risk and preserving long-term, sustainable value for the benefit of our shareholders, our employees, and the broader ecosystem in which we operate.
Awards & Ratings
MSCI ESG Rating “AA”
Bronze EcoVadis Sustainability Rating
IR Awards: “Best ESG Communications” and “Best ESG Reporting among small to mid-cap companies”
Sustainalytics ESG Risk Rating: Top quartile of the machinery industry as of June 2021
2nd Runner Up for “Best First Time Report”
MSCI ESG Small Cap Leaders Index
View 2019 ESG Report
View 2020 ESG Report
View 2021 ESG Report
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