TAMPA,
Fla., Sept. 11, 2024 /PRNewswire/ - Primo Water
Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo
Water"), a leading provider of sustainable drinking water solutions
in North America, today released
its 2023 Sustainability report.
"I am pleased to share the 2023 Sustainability report, which
highlights our progress and continued commitment to our
sustainability journey," said Robbert Rietbroek, Primo Water's Chief Executive Officer. "We have
made meaningful strides toward our priorities and targets, launched
new initiatives and enhanced the collection of sustainability data
across our operations," said Mr. Rietbroek.
Highlights from the 2023 ESG report include:
- Conducted 240 thousand plus annual quality control analyses and
tests across source, product, packaging and refill
equipment.
- Saved over 6 million gallons of water after new high efficiency
line installment in our Los
Angeles plant in 2023.
- Delivered over 130 thousand training hours for Primo Water associates and achieved a 47%
reduction in plant injuries.
- Increased supplier diversity spend by 140%.
- Achieved a 25% reduction in CO2e over our baseline year and
CarbonNeutral1 company certified.
- Advanced low-carbon fleet, reaching 14% of our total North
American beverage route truck fleet powered by propane.
- Reduced 2.4 million miles driven since 2021 through Automatic
Route Optimization (ARO).
- Donated over $1,000,000 between
product donations, community giving and in-kind engagement.
To view the full 2023 ESG report,
click https://primowatercorp.com/esg-sustainability/
The 2023 ESG report represents Primo
Water's third ESG report, covering fiscal year 2023, from
January 1, 2023, to December 30, 2023, unless otherwise stated. The
2023 ESG report covers Primo Water's
operations in North America,
unless noted otherwise. The reporting content is aligned to the
Global Reporting Initiative (GRI), the Sustainability Accounting
Standards Board (SASB) non-alcoholic beverages and appliance
manufacturing industry standards, and the United Nations
Sustainable Goals (SDGs).
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1. Primo Water has achieved a
carbon neutral certification via The CarbonNeutral Protocol in part
through its purchase of carbon offsets, in which Primo Water seeks
to offset its own CO2 emissions by funding an equal amount of CO2
reductions elsewhere. For certification details, see
https://www.carbonneutral.com/the-carbonneutral-protocol. Primo
Water continues to seek carbon neutrality in part through purchase
of such carbon offsets and other operational
efficiencies.
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ABOUT PRIMO WATER CORPORATION
Primo Water is a leading
North America-focused pure-play
water solutions provider that operates largely under a recurring
revenue model in the large format water category (defined as 3
gallons or greater). This business strategy is commonly referred to
as "razor-razorblade" because the initial sale of a product creates
a base of users who frequently purchase complementary consumable
products. The razor in Primo Water's
revenue model is its industry leading line-up of innovative water
dispensers, which are sold through approximately 11,350 retail
locations and online at various price points. The dispensers help
increase household and business penetration which drives recurring
purchases of Primo Water's
razorblade offering or water solutions. Primo Water's razorblade offering is comprised
of Water Direct, Water Exchange, and Water Refill. Through its
Water Direct business, Primo Water
delivers sustainable hydration solutions direct to customers,
whether at home or to businesses. Through its Water Exchange
business, customers visit retail locations and purchase a
pre-filled bottle of water. Once consumed, empty bottles are
exchanged at our recycling center displays, which provide a ticket
that offers a discount toward the purchase of a new bottle. Water
Exchange is available in approximately 17,950 retail locations.
Through its Water Refill business, customers refill empty bottles
at approximately 23,500 self-service refill drinking water
stations. Primo Water also offers
water filtration units across North
America.
Primo Water's water solutions
expand consumer access to purified, spring, and mineral water to
promote a healthier, more sustainable lifestyle while
simultaneously reducing plastic waste and pollution. Primo Water is committed to its water
stewardship standards and is proud to partner with the
International Bottled Water Association (IBWA) in North America which ensures strict adherence
to safety, quality, sanitation and regulatory standards for the
benefit of consumer protection.
Primo Water is headquartered in
Tampa, Florida (USA). For more
information, visit www.primowatercorp.com.
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SOURCE Primo Water Corporation