Badger Meter, Inc. (NYSE:BMI) today announced the release of its 2024 Sustainability Report, highlighting ongoing progress and dedication to value-enhancing Environmental, Social and Governance ("ESG") efforts.
"Badger Meter recently celebrated its 120th anniversary. For over a century, our metering solutions have reliably measured clean drinking water as cities have grown, systems have expanded, and the climate has changed. Over the past five years, we have extended our sustainable solutions beyond the meter, going deeper into municipal water and wastewater networks where water is collected, distributed, and treated. In this, our fifth sustainability report, we demonstrate that strong environmental, social, and governance practices can coexist with financial success and record financial results," said Kenneth C. Bockhorst, Chairman, President and CEO.
The Sustainability Report focuses on four strategic pillars – Governance, Solutions, Operations and People – that help define and guide sustainability-related matters at Badger Meter. Key highlights from the report include:
- A 20% reduction in Scope 1 and 2 emissions intensity year-over-year, reflecting 55% cumulative reduction in intensity from the 2020 baseline.
- A new goal to reduce GHG intensity by 30% by 2030, using 2024 as the new baseline.
- An 18% year-over-year reduction in absolute water consumption, driving a 30% reduction in water intensity.
- Improved employee engagement scores as measured by our fourth annual global survey with 95% participation.
- A 2024 study indicated that our industry-leading cellular AMI technologies enable our customers to more quickly detect leaks that yield an estimated 5 billion gallons of annual water savings.
Bockhorst concluded, "At Badger Meter, we practice continuous improvement. We believe that incremental changes over time can lead to lasting impact, and we manage our sustainability programs accordingly. We know that investing time, talent and capital into our sustainability strategy will also create significant value in the long run—not only in the form of shareholder returns, but also through the protection of the world's most precious resource."
Similar to prior years, the Badger Meter sustainability report is aligned with common frameworks including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD). The Sustainability Report can be found here: https://www.badgermeter.com/sustainability-and-ethics/.
About Badger Meter
With more than a century of water technology innovation, Badger Meter provides comprehensive water management solutions through its BlueEdge® suite. This tailorable portfolio of smart measurement hardware, reliable communications, data visualization and analytics software and ongoing support and industry expertise give customers the edge in optimizing their operations and contributing to the sustainable use and protection of the world's most precious resource. For more information, visit www.badgermeter.com.
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Barbara Noverini, CFA
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