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 wastewater treatment and CO₂ refrigeration.
- We’re improving safety through our ISO 45001 certification.
Our UNSDG Alignment
Target 6.1, 6.3, 6.4, 6.A
Our energy recovery devices, including our flagship PX® Pressure Exchanger®, positively impact the water industry by increasing efficiencies for water desalination facilities and reducing costs and emissions. Our PX U Series for wastewater treatment applications significantly reduces the energy needs, costs, and emissions associated with treating wastewater discharge through ultra high-pressure reverse osmosis (UHPRO) applications.
Target 7.3
Our products reduce emissions related to the production of vital resources through improved productivity, increased efficiency, and reduced energy consumption. Our energy recovery solutions save customers 14.5M metric tons of CO₂ equivalents annually, making resource-intensive industries, such as seawater desalination and wastewater treatment, affordable and accessible.
Target 9.2, 9.4
Our products and solutions help build more resilient infrastructure and advance sustainable industrialization by enabling energy and cost-efficient commercial and industrial processes. More than 120 countries have signed on to the Kigali Amendment, aligning with specified timelines to phasedown HFC use. Our PX G1300™ device offers customers the ability to future-proof refrigeration operations at a lower cost, improving their bottom line while reducing their carbon footprint and following international protocol.
Target 12.2, 12.4-7, 12.A
Our products and solutions are aligned in their focus on the efficient management and use of natural resources. Our emerging product lines in industries such as refrigeration are especially focused on accelerating the transition to natural refrigerants and reducing emissions from our customers’ operations. Furthermore, in conjunction with pursuing ISO 14001 certification, we are committed to adopting more sustainable consumption and production practices in our own operations.
Target 13.1, 13.2, 13.3
Our product lines reduce energy consumption and greenhouse gas emissions globally, reclaim wastewater, and provide drinking water to communities. Our decision to respond to the TCFD framework further integrates the management of climate change-related risks and opportunities into our business strategy and strengthens our resilience to natural disasters and hazards
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”
Silver EcoVadis Sustainability Rating
IR Awards: “Best ESG Communications” and “Best ESG Reporting among small to mid-cap companies”
Sustainalytics ESG Risk Rating: Top third of the machinery industry as of November 2022
2nd Runner Up for “Best First Time Report”
MSCI ESG Small Cap Leaders Index
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