Global energy efficiency technology company Energy Recovery has set its first corporate emissions reduction target, committing to reduce its emissions in relation to revenue by 65% by 2026 from a 2021 baseline, according to its recent fourth annual sustainability report.
Its pressure exchanger (PX) technology reportedly reduces energy costs and emissions in desalination, wastewater treatment, and CO2 refrigeration. According to the report, the company helps its customers prevent 17.2 million metric tonnes of carbon emissions from entering the atmosphere every year, while saving $5.9bn in energy expenses for customers. Energy Recovery PX is said to be an enabler of the transition to more sustainable forms of refrigeration, water production, and wastewater treatment.
Chairman of the board, president, and CEO of Energy Recovery Robert Mao said, “With our sustainability strategy, we are well-positioned to be resilient in a changing world and ensuring a stable foundation for growth.”
Steps to embed sustainability and safety into its business strategy have said to improve the company’s operations, including certification for a second year in a row as a ‘great place to work’. In the report, all its sustainability goals set in 2020 have either been achieved, are on track, or are demonstrating progress. Energy Recovery Environmental Management System (EMS) was certified to the internationally recognised ISO 14001 standard at the end of 2022. Per its goal to fully align with the recommendations of the task force on climate-related financial disclosures by the end of 2024, the company is currently working to conduct an assessment of its climate-related business risks and opportunities. This will serve to better understand potential impacts and realign its future approach accordingly.