ITT's Global Citizenship Report, released this week, shows progress in the company's environmental, social and governance record worldwide.
The report shows a 51 percent reduction in greenhouse-gas emissions and 46 percent reduction in hazardous-waste generation, among others. By the end of the year, the company reports its Watermark program will have provided sanitation and access to clean water to some 500,000 people.
“Our strong focus on global citizenship is vital to both our stakeholders and our long-term business strategy,” said Steve Loranger, ITT’s chairman, president and chief executive officer. “We are proud of our global efforts to consistently integrate environmental, social and governance considerations into our daily operations.”
For the next report, ITT is aiming to reduce use of water, energy, hazardous waste and more by 15 percent over the next five years. In addition, the company hopes to expand its Watermark program to reach one million more people by 2013.