We continue to make clear progress on the objectives we first laid out in our 2020 report, and all our high-level goals have either been achieved, are on track, or are demonstrating progress. We see our sustainability objectives as a way to maintain competitive advantage and ensure resiliency in our operations.
Among the highlights, MSCI upgraded our ESG rating from AA to its highest rating of AAA—placing us as one of the highest performing companies in MSCI’s Industrial Machinery industry. This is the third straight year that Energy Recovery has received an upgrade in its MSCI rating, demonstrating our commitment to consistent, measurable improvement.