Waters Corporation (Waters) is an analytical instrument manufacturer. The company designs, manufactures, distributes and services instrument systems, columns and other chemistry consumables that are integrated and used along with other analytical instruments. The company operates through two segments: Waters Division and TA (thermal analysis) Division.
Waters acknowledges climate change as a risk to the company as well as to society at large, and therefore, has implemented a number of measures to reduce its environmental footprint. In terms of improving operational efficiency, Waters has targeted energy efficiency as a major area for improvement. To this end, some efforts include attaining BREEAM ‘Very Good’ green building certification at its newest facility as well as incorporating ISO 14001, a certified environmental management system at its headquarters. One notable addition to Waters’ sustainability goals is a focus on its suppliers’ environmental management and ethical conduct. Waters conducts lifecycle assessments of major products to breakdown the overall energy profile of a given product, and it offers take back programs to customers to properly dispose of electronic waste. The company’s new supplier code outlines performance expectations in areas such as human rights, health and safety, environmental impacts, ethics, and management commitments. In terms of the impact of its products, the company actively employs certified quality management systems, including ISO 9001 and 13485 international standards, at the majority of its manufacturing facilities.
By the company’s own admission, there are opportunities to improve its raw material sourcing and data tracking. Waters has also been criticized for certain elements of its corporate governance practices, particularly for long-standing members serving on its board as well as board members being over committed.
Industry: Health Care
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.