Our Mission

01

Four employees sitting around a table looking at an employee that is standing
An employee building a product

Doing Business the Right Way

Energy Recovery is dedicated to building a sustainable future by developing products that reduce energy consumption and emissions. We work with our customers to help them achieve environmentally sustainable operations.

Holding Ourselves Accountable

We started our formal sustainability journey to turn the lens on ourselves and provide our stakeholders further transparency into our company and operations.

Progressing Forward

We believe our sustainability objectives are a way to maintain competitive advantage and ensure resiliency in our operations, and our fourth annual report demonstrates clear signs of success and maturation towards these goals.

0103

Sustainability Report

The 2022 Energy Recovery Sustainability Report

We’re investing in sustainability for a brighter future, and you can follow our progress through our annual sustainability report. With insight and deeper perspective on our sustainability strategy, high-level summaries, recent awards, and quantitative performance data, our sustainability report gives you a transparent look into our goals and year-over-year progress.

2022 Sustainability highlights

All high-level goals 

Achieved, are on track, or demonstrating progress

65%

Goal to reduce our emissions in relation to our revenue by 2026

$5.9 billion

Energy expenses saved by our customers annually

17.2 million

Metric tons of carbon emissions avoided by our customers annually

ISO 14001 

Environmental Management System (EMS) certified to international standard at the end of 2022

AAA

MSCI upgraded our ESG rating from AA to its highest rating of AAA


Resources

Sustainability in action

U.N. Sustainable Development Goal Alignment

Graphic that states "6 Clean Water and Sanitation" with an icon of a cup filled with water with and arrow below it pointing down

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.

Graphic that states "7 Affordable and Clean Energy" with an icon of a power button in the middle of a sun

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 17.2M metric tons of CO2 equivalents annually, making resource-intensive industries, such as seawater desalination and wastewater treatment, affordable and accessible.

Graphic that states "9 Industry, Innovation, and Infrastructure" with an icon of three building blocks stacked together

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.

A graphic stating "12 Responsible Consumption and Production" with an icon of an infinity sign as an arrow

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.

A graphic that states "13 Climate Action" with an icon of an eye with the pupil as the world

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

Social Investment

Building 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.

Water

Clean water is crucial for frequent hand washing and sanitary practices needed to stop the spread of COVID-19 and other diseases, and is extremely scarce in many at-risk communities. Energy Recovery supports making water and sanitation safe, accessible, and cost-effective for communities worldwide.

Education

Education is a key part of the innovative spirit that drives Energy Recovery forward, and we believe in creating better access to educational resources. We are proud to support organizations that further youth entrepreneurship, closing the digital divide and providing internet for those in need.

Disaster Relief

Wildfires have grown exponentially in terms of number and intensity and continue to cause unprecedented damage to the state of California. We support global disaster relief efforts through GlobalGiving, providing immediate and long-term emergency assistance to families and individuals impacted.

Employee Action

Going the extra mile for our communities

Energy Recovery employees recognize the importance of positively engaging in their local communities and actively volunteer their time, talent, and expertise to various initiatives. From engineers building bikes for Boys & Girls Clubs of America, to employees organizing cleanups at local parks, we celebrate what our team members do to empower both local and global communities.

A group of employees holding trash bags next to a body of water

Awards & Ratings

MSCI ESG Rating "AAA" logo

MSCI ESG Rating “AAA”

Silver EcoVadis Sustainability Rating logo

Silver EcoVadis Sustainability Rating

IR Magazine Award Winner 2022 Logo

“Best ESG Communications” and “Best ESG Reporting among small to mid-cap companies”

Sustainalytics Rating logo

Sustainalytics ESG Risk Rating: Medium

CRRA 2nd Runner Up logo

2nd Runner Up for “Best First Time Report”

MSCI ESG Small Cap Leaders Index logo

MSCI ESG Small Cap Leaders Index

As of 2023, Energy Recovery, Inc. received an MSCI ESG Rating of AAA. THE USE BY ENERGY RECOVERY, INC OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF ENERGY RECOVERY, INC BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.

Copyright © 2022 Morningstar Sustainalytics. All rights reserved. This webpage contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.

In November 2022, Energy Recovery Inc. received an ESG Risk Rating of 27.7 and was assessed by Morningstar Sustainalytics to be at Medium risk of experiencing material financial impacts from ESG factors. In no event the rating shall be construed as investment advice or expert opinion as defined by the applicable legislation.