Ecolab provides water, hygiene and energy technologies and services. The company offers cleaning and sanitizing programs and products and equipment maintenance and repair services. Ecolab’s technologies are also used in water treatment, pollution control, energy conservation, oil production and refining, steelmaking, papermaking, mining, and other industrial processes. Headquartered in St. Paul, Minnesota, the company has approximately 47,000 employees.
Ecolab is dedicated to helpings its customers meet sustainability goals through innovative and effective science, service, and insights that drive lasting change across industries. The company’s clients benefit from a variety of solutions ranging from running climate control systems more efficiently to increasing sanitation performance while using less water. Ecolab’s products and services help mitigate the impacts of its clients in the water and energy-intensive raw materials and ingredient processing industries, too. In a recent year, the company helped its customers conserve 142 billion gallons of water, eliminate over 26 million pounds of waste and save 10.5 trillion British thermal units of energy. To reduce its footprint from operations, Ecolab aims to reduce its water usage 25% and greenhouse gas emissions 10% by the year 2020. These efforts are part of the company’s broader, 2030 goal to conserve 300 billion gallons of water annually by reducing consumption within its own and its customers’ operations. Last year, the company donated more than $12 million to nonprofits through the Ecolab Foundation, corporate giving and volunteer hours.
Ecolab has been the subject of several class action lawsuits regarding overtime compensation and fair wages for its employees. Additionally, the company has four women on its seventeen-person Board of Directors.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.