Forward,
Faster,Together
2023 Growth & Impact ReportTable of Contents
About
3
5

Forward from executive officers
Ecolab at a glance

Our approach
10
12
14
16
20
24

Our sustainability strategy
Stakeholder engagement
Sustainability materiality assessment
eROI: Creating and measuring value
2030 Positive Impact
Awards and recognition

Environment
26
28
41
51
55
56

Environmental impact and management
Wate rClimate
Biodive rsity
Waste
Product safety and sustainability

Social64
68

Talent management
Human capital development
Diversity, equity and inclusion
Health, wellness and safety
Community impact

Governance98

Corporate governanceBusiness ethics
Anti-corruption
Human rights
Supplier relations
Political action
Data privacy, tax and complianceAppendix
101 Performance data
111 About this report
113 Reporting reference tables and indexes

Report overview
The Ecolab Growth & Impact Report documents Ecolab Inc.’s performance on economic, environmental, social andgovernance topics. This report includes data from 1 January – 31 December 2023, unless otherwise stated, and covers
Ecolab’s global entities over which we have operational control, including our offices, manufacturing plants andresearch, development and engineering facilities. Additional reporting on matters specific to financial performance of
the Company and its subsidiaries and a discussion of forward-looking statements and risk factors can be found in our2023 Annual Report. For more information, please see About this report.

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix

Forward, faster, together to grow fast by building a 100% positive future
The world is not short on challenges.
As CEO of the world’s leading water,
hygiene and infection prevention company
that impacts roughly a third of the world’s
processed food production and a quarter of
its power generation and serves millions ofcustomers in more than 40 industries and170 countries, I have conversations every day
that illustrate the high stakes that businesses
face at this defining point in our history.

• Provided safe food to 1.4 billion people;• Cleaned 60 billion hands;• And avoided 3.8 million metric tons ofgreenhouse gas emissions.
In our own operations, we improved ourwater stewardship, reduced our carbon
footprint, accelerated efforts
to drive efficiency and performance andremained unwavering in our commitment
to cultivate the best teams that reflect ourcommunities and hold safety among thehighest values. And all the while, we took
our company’s financial performance toits best levels. Our incredible team saw to
it that we finished 2023 with great
momentum and full of confidence for the
future. This Growth & Impact Report is afitting report card for our company in theyear in which we celebrated our 100th
year of doing well by doing good.

Business leaders face increasing pressure
to perform, just as climate change grows
more pressing, taking global temperatures
to new heights and exacerbatingwater scarcity. Many find themselvescontemplating a choice: pursue growth orsustainability. This is a false choice.
The dichotomy between profitability
and sustainability is a myth. In fact, ourcustomers have demonstrated something
we've observed over our own more-than100-year history. Sustainability is good forbusiness. The global challenges we face,
while real and incredibly urgent, should
not be seen as obstacles, but rather
opportunities. Opportunities to innovate,
to transform, and to double-down on the
excellence that exists in our businesses tocarry us into the future.
What kind of future? At Ecolab we see
a future that is net positive—wherebusinesses can grow both their bottomlines and their positive impact on theworld. Financial success is enabled by
the very same actions that drive people
and planet success. Actions that saveresources, drive efficiency, reduce waste,

mitigate risk and build resilience willsustain businesses into a prolonged
period of net positive impact andperformance. Underestimating the link
between profitability and sustainability
overlooks a key insight that I believe isthe driving force for business in the 21st
century. Sustainability has the power todeliver the growth that will carry our
economy and society forward.
To support this vision of a 100% positive
future, I am proud to elevate Ecolab’s
customers and our own practices asmodels of doing business with highperformance and global good in mind.
Our 2023 Growth & Impact Report, which

details our many milestones, outcomes
and achievements as we work toward
our 2030 Positive Impact, shows thetype of positive impact we can havewhen we work quickly and collectively.
We delivered our best year yet in 2023,
unlocked through impressive levels of new
business and sales, excellent cash flow,
strong business momentum, dedicatedassociates and incredible customers that
amplify our impact.
Let’s look at some of the numbers. In 2023,
by working with our customers, Ecolab:• Helped conserve 226 billion gallons ofwater, equivalent to the drinking waterneeds of 782 million people;

I firmly believe that today’s challenges
are the doorway to tomorrow’s
opportunities. Growth, sustainability andpositive impact are the mission. We
deliver on this mission by continuing tomove forward, faster and together.
Progress in any given year is just one
stepping stone on the path to ourcollective future. It’s up to us to ensurethat future remains bright—for businesses
everywhere, all people and the one planet
we call home.

Sincerely,

Christophe Beck
Chairman and Chief Executive Officer3

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendixPartnering to advance sustainability and growth
Sustainability is in Ecolab’s DNA.
For 101 years, we’ve been harnessing
technology to deliver sustainableoutcomes that enhance profitable growth– for our customers and in our operations.
Then and now, we have proven that"doing well by doing good" works.

"Prioritizing sustainability
does not have to come at
the expense of growth or
profitability. Rather it is acompetitive advantage that
supports business successand a positive impact on
the environment."

The same holds true today as we confronta changing climate, water scarcity
and threats to biodiversity. During thehottest year on record, we continued todrive meaningful change and achieve a
positive impact around the world without
sacrificing growth or profitability.
Our 2030 Customer Impact goals are
proof of our growth and progress. We areproud to report that in 2023 we helped
our customers save 226 billion gallons
of water, provide safe food to 1.4 billion
people, clean 60 billion hands and avoid
3.8 million metric tons of greenhouse gas(GHG) emissions.
While our biggest impact is through thework we do for our customers, we are also
leading the way in our own operations
and communities. We are advancing water
stewardship as we move toward our Net
Positive Water Impact goal, and are on
target for reaching our carbon emissions
reduction goals. We’ve accomplished all
this while fostering a diverse and inclusive
workforce and prioritizing safety ineverything we do.
We are also leading through public-private
partnerships. Here are some examples:• We achieved 100% renewable electricity

to clean and safe water to be a leading
environmental concern for consumers
across the globe. A major finding of thestudy was a lack of trust in businessand government to address the watercrisis.

in our European operations in 2023,
through a partnership with Low Carbon
U.K., bringing us 80% of the way
toward our goal of 100% renewableelectricity globally, by 2030.
• We are converting our sales-and-service
fleet from internal combustion engine
to fully electric vehicles through apartnership with Ford Pro™, beginning in
California in 2024 and culminating with afully electric light-duty California fleet by2025 and North America by 2030.
• The California EV initiative brings
us closer to achieving our net-zeroemissions goal and will lead to a nearly
80% use-phase reduction in GHG
emissions for our light-duty fleet in

California. In addition, the market-based
renewable sourcing agreements that
Ecolab secured in North America in2018 essentially makes the transition to
EVs in California 100% renewable.
• We continued our work as a founding
member of the Water Resilience
Coalition (WRC), which has grown fromseven to 37 companies with a market
capitalization of $4.8 trillion. In 2023, welaunched an ambitious collaborative
effort to scale reduce, reuse andreplenish projects in water-stressed
California through The California Water
Resilience Initiative.
• We released the first-ever Ecolab
Watermark Study, which found accessAs we look ahead, we remain committed
to enhancing partnerships and trust withcustomers, coalitions and the communities
where we live and work. We also remaincommitted to realizing our ambitious
environmental goals while delivering
operational and financial performance.
Because prioritizing sustainability does
not have to come at the expense of growthor profitability. Rather it is a competitive
advantage that supports business successand a positive impact on the environment.

Sincerely,

Emilio Tenuta

Senior Vice President and Chief
Sustainability Officer

4

Contents

Ecolab’s 2023 Growth & Impact Report

Ecolab at a glance

Our Approach

GovernanceAppendix5

Ecolab’s last century wascharacterized by innovation,
growth and positive impact.
2023 was another strong
year with successfully
managed challenges andcontinued business growth.
Ecolab reported historically
impressive levels of new
business, delivering total value
to our customers and solid
returns for our stockholders.

$190
$180
$170
$160
$150
$140
JAN

FEB

MAR

APR

MAY

JUN

ECL

Building on a century of innovation, our
48,000 associates deliver solutions that
improve operational efficiencies andsustainability for customers in the food,healthcare, life sciences, hospitality
and industrial markets in more than 170
countries around the world. We are united
by our purpose to make the world cleaner,safer and healthier — helping businesses
succeed while protecting people and vital
resources. Our vision is to be the global
leader in water, hygiene and antimicrobial
technologies and services — providing
and protecting what is vital: clean water,
safe food and healthy environments.

Social$200

12/30/22

Protecting people and theresources vital to life

Environment

Strong stock performance in 2023

STOCK PRICE

An innovative and trusted partner at
millions of customer locations, Ecolab Inc.
is a global sustainability leader offering
water, hygiene and infection prevention
solutions and services that help protect
people and the resources vital to life.
Customers in more than 40 industries
choose Ecolab’s comprehensive sciencebased solutions, data-driven insights andworld-class service to advance food safety,
maintain clean and safe environments andoptimize water and energy use.

About

Helping customers succeed

From hotels, restaurants and healthcare
facilities to food and beverage plants,
manufacturing plants and power
generation facilities across the globe,
Ecolab’s 26,000-strong sales-and-service
team, the industry’s largest and best
trained, uses innovative solutions to
help solve the most pressing challenges
our customers face. Many of the world’s
leading companies rely on Ecolab tohelp ensure product quality and guest
satisfaction, maintain brand reputation andadvance progress toward their operationaland sustainability goals.

JUL

AUG

SEP

NOV

DEC

S&P 500

Providing personalized service
Ecolab’s ultimate competitive advantage
is found in our industry-leading sales-andservice force. Every customer challenge isunique, which is why we partner withcustomers in their facilities, providing
innovative solutions, digital technologies
and unmatched insights. Our experts
employ a rigorous process to gather data,
apply advanced technology, rethinkprocesses and provide solutions toaddress our customers’ unique economic,
social and environmental challenges.

Ecolab is headquartered in St. Paul, MN, and its common stock is listed under the ticker symbol ECL on the
New York Stock Exchange. For more information, visit ecolab.com or call 1.800.2.ECOLAB. Follow us on:

OCT

Developing innovative solutions

Ecolab has a long history of innovation.
Our strategy is based on chemistry,digital technology and service to deliver
exponential customer value. Our teamof 1,200 scientists, engineers andtechnical specialists create innovative
solutions that are responsibly sourced
and developed with close attention
to human and environmental impact.
With our expertise in core technologies,
including antimicrobials, dispensing andmonitoring, personal and environmental
hygiene, polymers, surfactants, solid
chemistry, water management and data
analytics, we help improve operational
efficiency, product quality and safety forour customers.

Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix

Our businesses
Institutional

Our Institutional business provides
specialized cleaning and sanitizing
products to the foodservice, hospitality,
lodging, healthcare, government,
education and food retail industries.

Industrial
Our Industrial business provides water
treatment and process applications,and cleaning and sanitizing solutions tocustomers within the manufacturing, foodand beverage processing, transportation,
chemical, primary metals, power
generation, refining, petrochemical,
pulp and paper, mining and commercial
laundry industries.1

Healthcare and Life Sciences
Our Healthcare and Life Sciencesbusinesses provide specialized
cleaning and sanitizing products tothe healthcare, personal care andpharmaceutical industries.

Other

Our Pest Elimination business provides
services to the foodservice, food andbeverage processing, healthcare, lodging,grocery and other commercial settings.
Commercial laundry wash process
products and services are provided by
the Textile Care business for uniform andlinen rental, hospitality and healthcare
laundries. Colloidal silica for binding
and polishing applications is provided
through our Colloidal Technologies Groupfor the semiconductor, aerospace andother industries.

Our operations
Nalco Water, an Ecolab company, provides innovative solutions for water
treatment and management, process improvements and pollutant control– optimizing product quality and operating costs for our customers while
helping reduce their impact on the environment.

Purolite, an Ecolab company, provides healthcare, pharmaceutical andlife science products, and ion exchange, catalyst, adsorbent and specialty
resins for water and non-water applications.

Ecolab operates an extensive, integrated
global supply chain, which comprises
more than 300 manufacturing plants,
distribution centers and other facilities
owned and operated by Ecolab tosupport the company’s direct sales,
marketing and distribution activities.
In addition, we have 450 offices andresearch and development centers
globally. We have operations in 105
countries across North America, Europe,
Greater China, Asia Pacific, Latin America
and India, Middle East and Africa. We
have 7,600 indirect supply chain partners
totaling over $3.3 billion, procure morethan $4 billion of direct raw material, contract manufacturing and equipment from
more than 7,400 suppliers worldwide and manage distribution through various
channels to external customers.

1 Ecolab's primary involvement in the oil and gas industry is through our downstream water business. The downstream water business represents less than 5% of Ecolab's 2023 total revenue. As the market leader in downstream water management,

our purpose is to offer the industry's best service and differentiated technologies to meet the growing global demands of our customers to drive performance, water and energy efficiency, and the transition to renewable energy sources.
1

6

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Performance and growth acrossthe business

Environment

SocialGovernance7

Appendix

Financials

Continuing operations — millions, except per share
PERCENT CHANGE

2023

2022

2021

2020

2023

2022

2021

Backed by more than a century of innovation and personalized service, Ecolab isequipped to help meet the evolving challenges faced by our customers in more than 40
industries, enabling us to grow faster, now and in the future, creating long-term value forour business and shareholders.

Net Sales$15,320.2$14,187.8$12,733.1$11,790.2

8%

11%

8%

Net Income from Continuing Operations
Attributable to Ecolab

1,372.3

1,091.7

1,129.9

967.4

26%

-3%

17%

Net Income from Continuing Operations
as a Percent of Sales

9.0%

7.7%

8.9%

8.2%

–

–

–

By focusing on market, enterprise and breakthrough innovations, Ecolab continues to findinnovative ways to help customers achieve their operational and sustainability goals. Even
as inflationary pressures elevated raw material, energy and transportation costs, in 2023,
our team worked to prove the total value delivered to customers. These combined efforts
allowed Ecolab to report historically impressive levels of new business and sales growth.
Ultimately, we believe that doing the right thing, the right way, is good for business.

Diluted Earnings per Share from
Continuing Operations

4.79

3.81

3.91

3.33

26%

-3%

17%

Adjusted Diluted Earnings per Share from
Continuing Operations (non-GAAP measure)

5.21

4.49

4.69

4.02

16%

-4%

17%

Diluted Weighted-Average Common
Shares Outstanding

286.5

286.6

289.1

290.3

0%

-1%

0%

Cash Dividends Declared per
Common Share

2.16

2.06

1.95

1.89

5%

6%

3%

Cash Provided by Operating Activities
from Continuing Operations

2,411.8

1,788.4

2,061.9

1,741.8

35%

-13%

18%

Capital Expenditures

774.8

712.8

643.0

489.0

9%

11%

31%

Ecolab Shareholders' Equity

8,044.7

7,236.1

7,224.2

6,166.5

11%

0%

17%

Return on Beginning Equity

19.0%

15.1%

18.3%

11.1%

–

–

–

Total Debt

8,181.8

8,580.4

8,758.2

6,686.6

-5%

-2%

31%

Net Debt to EBITDA (non-GAAP measure)

2.4

3.2

3.4

2.4

–

–

–

$21,846.6$21,464.3$21,206.4$18,126.0

2%

1%

17%

Total Assets

Adjusted earnings per share amounts exclude the impact of special gains and charges, discrete taxes and theimpact of the Purolite acquisition. See our Management's Discussion and Analysis beginning at page 25 of theForm 10-K for a reconciliation between the non-GAAP measures and the comparable GAAP measures.

2023 Sales by region

2023 Business mix(Percent of total sales)

7%

Latin America

13%

Asia Pacific(including
Greater
China)

21%
Europe(Percent of total sales)

3%

India, Middle East
and Africa (IMEA)

56%
North
America

10%10%GlobalHealthcare& LifeSciences

33%

GlobalInstitutional &Specialty

Other

47%

GlobalIndustrial

AboutContents

Ecolab’s 2023 Growth & Impact Report

Our Approach

Environment

SocialGovernanceAppendix

8

Delivering impact in every industry
Customers and partners around the world trust Ecolab's science-backed solutions to help overcome their greatest challenges. Ecolab's 26,000
sales-and-services associates are dispatched to customer locations across more than 40 industries to help solve cleaning, sanitizing and waterand energy management challenges each day. Many of the world’s leading companies rely on Ecolab to help ensure product quality and guest
satisfaction, maintain brand reputation and advance progress toward their operational and sustainability goals.

Commercial buildings

Foodservice

Partnering with commercial facilities such as officebuildings, data centers and schools to help create spacesthat promote employee health, safety and productivity with
air filtration, cleaning and sanitizing, food safety, hygiene,
warewashing, pool & spa, pest elimination and water
quality, safety and treatment solutions and services.

Providing back of house and front of housesurface cleaning, sanitation and disinfection,
pest control, food safety, warewashing, water
treatment and hygiene expertise and offeringsfor contract foodservice and restaurants toCommercial laundries

Food and beverage
processing

Working with commercial laundries to help
optimize water and energy use, and minimize
operational risk and costs through detergent
and wash programs, dispensing systems andwater quality, safety and treatment programs.

Chemical processing
Focusing on resource management, emissions
reduction and innovative cost management,
we help improve business and environmental
performance through corrosion andmicrobiological control, fouling management
and water quality, safety and treatment
solutions and services.

optimize operations and delight diners.

Providing food and beverage manufacturers foodsafety, cleaning and sanitation, membrane care, pest
elimination, process automation, hygiene and water andeffluent quality, safety and treatment offerings to help
deliver safe, high-quality products and brand protection.

Mining and mineral &metal processing
Improving product recovery and quality for mining
operations and mineral & primary metal processing
through air quality control, flow enhancing, sealant,
scale and corrosion control, thickening and clarification,
conditioning, granulation and water and effluent quality
and treatment offerings and services.

Healthcare
Delivering environmental and handhygiene, contamination control, surgicalequipment, and cleaning, disinfection andsanitation offerings designed to improve
infection prevention outcomes, operational
efficiencies and patient care practices.

Hospitality
Promoting guest satisfaction and employee safety
by helping ensure clean, safe and comfortableenvironments through air filtration, cleaning andsanitizing, food safety, hygiene, warewashing, pool
& spa, pest elimination and water quality, safety
and treatment solutions and services.

RetailEnhancing guest experiences forgrocers, convenience stores and otherretail locations with comprehensive
food safety, quality assurance, cleaningand sanitation, pest elimination,equipment care and hygiene programs.

Life sciences

Manufacturing

Transportation

Delivering comprehensive cleaning,
sanitation and disinfection programs
alongside water quality, safety and treatment
solutions and services for pharmaceutical,
cleanroom and personal care manufacturers
to promote product quality, safety,
compliance and operational efficiency.

Boosting efficiency to meet business goals
for manufacturers of household and building
products, microelectronics, plastics andmore with air filtration, hygiene, pretreatment,
colloidal silica, electronic polishing, paintbooth and water and effluent quality, safety
and treatment solutions and services.

Improving transportation operations
across aerospace, automotive and rail
industries through air filtration, hygiene,
pretreatment, paint booth and water andeffluent quality, safety and treatment
solutions and services designed to boost
efficiency and improve sustainability.

Power generation

Pulp and paper

Offering pretreatment, scale,microbiological and corrosion control, flowenhancing and water and effluent quality,
safety and treatment solutions for nuclear,geothermal and coal- and gas-fired power
plants to improve productivity, reliability
and profitability.

Providing pretreatment, process, contaminationand scale control and cleaning and conditioning
solutions alongside water and effluent quality,
safety and treatment programs for pulp andpapermaking across all grades of paper designed
to promote safety and reliability.

Refineries and fueladditives
Partnering with refiners through use of
corrosion and fouling control, desalting andemulsion breaking, stabilizer and water andeffluent quality, safety and treatment solutions
and services to protect critical assets, improve
profitability and maximize sustainability.

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Our approach
Protecting What’s VitalTM
Ecolab’s expertise puts us at the crossroads of some of the world’s most pressing
macrotrends. Across the value chain, we work to address the demands of shifting
demographics, public health, climate change and water resiliency. At Ecolab, we see
global challenges not as disruptive hurdles, rather as opportunities to reinforce ourpowerful business model to drive change; helping businesses succeed while protecting
people and vital resources.
We do this in ways big and small—from providing more water- and energy-efficientdish machines to local restaurants and hotels, to reducing water for data centers,
auto manufacturers and power plants that service the globe. In each case, we delivercomprehensive science-based solutions, data-driven insights and world-class service toadvance food safety, maintain clean and safe environments, optimize water and energy
use and improve operational efficiencies for customers around the world. At our core,
Ecolab helps companies achieve sustainable outcomes alongside exponential economic
return—not at its expense.
And as the world continues to seek solutions to evolving, pressing problems, we areprepared to solve them today, together, and preserve Ecolab’s legacy of supporting
profitable growth. In short, we are focused on doing well by doing good.

Environment

SocialGovernanceAppendix9

Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix

Our sustainability strategy: Advancing people, planet
and business health around the world
Sustainability is core to everything we do. Our sustainability strategy to advance people,
planet and business health is embedded into our comprehensive science-based
solutions, data-driven insights and world-class service, all designed to create sharedvalue for our customers and business.

People health+

We do all this by providing the right technology and service at the right time, in theright way. We remain committed to delivering sustainable solutions and world-classservice that fortify our future, all while delivering long-term value to our customers
and shareholders.

Planet health+Business healthHelping people thrive by protecting theirindividual health, the food they eat andthe spaces where they live and work.

Helping the planet thrive by prioritizing
the earth’s climate and its most valuable
resource: water.

Helping businesses thrive by
protecting their reputations and theirbottom line.

With more than 1,200 scientists, engineers and technicalspecialists, we help our customers address both known
and emerging public health and food safety issues.
Our solutions and services help promote good hygieneand prevent the spread of pathogens to keep people
healthy where they eat, sleep, work, play and heal.
They help keep food safe all along the supply chain,
helping prevent foodborne illnesses and provide safe,
high-quality food for people around the world. And our
purification solutions for the healthcare, personal careand pharmaceutical industries help enable productsafety and quality for life-saving drugs and vaccines.

At Ecolab, we believe what’s good for the planet isgood for business. Operating sustainably should costless – not more – so we work to help our customers
prioritize sustainability while advancing operational
goals. We share our expertise in smart water use tohelp our customers reduce, reuse and recycle waterin their operations. And our tailored solutions help
them use energy more efficiently, reduce waste andcut greenhouse gas emissions to advance a moresustainable future.

We help businesses thrive by building resilience andreducing risk to help safeguard their reputations andtheir bottom line. We do this by providing deep expertiseand comprehensive programs to help customers protect
staff and consumers from the spread of pathogens, solve
complex operational challenges and meet their businessgoals. We are also committed to being a responsible
corporate citizen and a partner our customers can trust tooperate ethically and sustainably.

10

Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix

Our sustainability strategy
Governance

The Ecolab Board of Directors (Board)uses a framework for key risks andopportunities considered to be most
relevant to our long-term sustainability.
This framework aligns with the 21 core
metrics and disclosures outlined in theWorld Economic Forum (WEF) report
entitled Measuring Stakeholder Capitalism:
Towards Common Metrics and Consistent
Reporting of Sustainable Value Creation.
Our framework aligns with the four
themes in the WEF report—People, Planet,
Prosperity and Principles of Governance.
Responsibility for oversight of themetrics and disclosures included in theframework were assigned to the Boardand its Committees through our Corporate
Governance Principles, Committee
Charters and Core Agendas, based on
the expertise of each Committee. Each
year, the Board and its Committees review
our Corporate Governance Principles,
Committee Charters and Core Agendas
for alignment to the environmental
stewardship, social responsibility andsustainable business practices we aspire toachieve in accordance with this framework.
Our Board has oversight of sustainability
efforts primarily through the Safety, Healthand Environment (SHE) Committee, whichis responsible for reviewing and overseeing
our sustainability policies, programs andpractices that affect, or could affect, ouremployees, customers, stockholders andneighboring communities.
The SHE Committee’s work is informedby our Corporate Sustainability

team, which monitors the risks andopportunities related to climate change,
as well as our overall sustainability
performance by collaborating with theglobal SHE, supply chain, regulatory andcorporate risk departments. The SHE
Committee receives regular updates
on the implementation of and progressagainst sustainability and climate-related
goals and activities from the SeniorVice President and Chief Sustainability
Officer who leads the Corporate
Sustainability team, and other membersof management.
For example, the SHE Committee’ssustainability reviews include: overall
climate-related risks and progress towards
the UN Global Compact Business Ambition
for 1.5°C, and actions to implement therecommendations of the Task Force on
Climate-related Financial Disclosures(TCFD) (or similar bodies), including
whether the Company has set greenhousegas (GHG) emissions targets in line with theBusiness Ambition for 1.5°C and to achieve
net-zero emissions before 2050.
The Board receives an annual presentationfrom the SHE Committee on progressagainst our sustainability goals, andimplementation of projects and related
activities, which includes managementof water- and climate-related issues, as
appropriate. The SHE Committee discusses
these matters with the Board, which
contributes to the Board’s oversight ofsustainability and climate-related issues.
In 2023, the SHE Committee received
updates on Ecolab’s climate-related risk

Since our value proposition is to provide
customers with the best results whileconsistently lowering their environmental
impacts, improving sustainability is an
inherent driver of our financial success.
and opportunity assessment, undertaken inalignment with best practices of the TCFD,
the results of which are currently being
used to develop adaptation and mitigationplans for relevant climate change risks.
Other committees of the Board, such as the
Audit Committee, Governance Committee
and the Compensation & Human CapitalManagement Committee follow a similar
process for the sustainability and social
responsibility topics over which they
exercise oversight.

Growth & Impact incentives

Strategic sustainability indicators areincluded in measures of performance used
to determine compensation for seniorleaders and associates. By delivering a net
positive impact for our associates, in ouroperations and for our customers, we drive
business performance, innovation and fast
growth. To promote sustained company
success, all leaders work together toachieve related goals.
Beginning in 2023, the annual cash bonus
for our most senior leaders included
a Growth & Impact modifier which

was based on reducing water intensity
across our operations and demonstrating
progress toward our aspirations for amore diverse, equitable and inclusive
workplace. The cash bonus payout isincreased by 3%, 6% or 10% (subject
to the 200% payout cap under theManagement Incentive Plan) or reducedby 10%, based on the achievement ofyear-over-year progress in these areas.
The assessment of performance for the
Growth & Impact modifier is made for all
officers in the aggregate.
In addition, senior management members
have adjusted earnings per share (EPS)
as a goal in their annual cash incentive
plan, and organic return on invested
capital (ROIC) is a metric for long-term
equity incentive awards. Since our value
proposition is to provide customers
with the best results while consistently
lowering their environmental impacts,
improving sustainability is an inherent
driver of our financial success, whichtranslates into the EPS goal in our annual
incentive plan and ROIC goal in ourequity program.

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About

Our Approach

Environment

SocialGovernanceAppendix

Stakeholder engagement
While we continue to act as a leading
example for advancement on climatechange, water resiliency, food safety,
public health, diversity, equity andinclusion and safety, we know that wecannot deliver enduring change alone. We
must continue to deepen collaboration
with associates, investors, communities,
customers, suppliers, governmental bodies
and non-governmental organizations(NGOs) to achieve collective ambitions fora positive future.
To garner a comprehensive understandingof risks and opportunities, continuous
engagement with a diverse set ofstakeholders helps us assess therelevancy of sustainability issues to ourbusiness, and identify opportunities toimprove through partnership. The exact
frequency and impact of stakeholder
engagement is dependent on the nature of
the relationship with Ecolab and interest,
willingness and ability to collaborate withand influence the organization.

Associates

Our 48,000 associates drive innovation,
support business growth and provide
personally delivered service and on-theground support at nearly three million
customer locations. The perspectives of
our associates are critical to our successand inform our business strategy. In 2022,
we surveyed more than 600 associates
and held in-person interviews to contributeto our sustainability strategy and focus
areas for subsequent years. In addition,
our annual assessment of significant
business risks and sustainability materiality

assessment processes include interviews
and surveys of leadership across business
units and functions, including businessleads, human resources, supply chain,research, development and engineering,finance, risk, legal and regulatory affairs
and field sales.

Investor community

We recognize the value of and arecommitted to engaging with ourstockholders. We believe strong corporate
governance includes proactive outreachand engagement with our stockholders
on a regular basis and in a variety ofsettings throughout the year to better
understand the issues that are importantto them. These opportunities enable us
to learn about matters important to ourstockholders, driving improvements
in our policies, communications andother areas. As part of our stockholder
engagement program, our senior
management team have engaged withover 2,000 investors during 2023 on avariety of topics in a number of forums
including quarterly earnings calls, investor
and industry conferences, roadshows,
analyst meetings, our annual corporate
sustainability conference and biennial
Investor Day and individual corporate
governance and sustainability-related
discussions with stockholders. In 2023, ourLead Independent Director and the Chairof our Compensation & Human CapitalManagement Committee also participatedin conversations with some of our largest
stockholders when appropriate. Moreinformation can be found in our annual
Proxy Statement.

Communities

We primarily engage with thecommunities in which we operate
through the Ecolab Foundation.
Since 1986, the Ecolab Foundation
has implemented community impact
programs to support communities
where our employees live and work,
focusing on giving to local non-profit

organizations in the areas of youth
and education, civic and community
development, arts, culture andenvironmental conservation. Throughthis work, we engage in direct
dialogue with a variety of community
groups to understand what mattersmost and incorporate their feedback
into our approach.

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About

Our Approach

Environment

SocialGovernanceAppendix

Stakeholder engagement
Customers
Our relationships with many of theworld’s biggest brands give us a unique
opportunity to understand sustainability
risks and opportunities facing a wide
range of industries all around the world.
We learn from our customers — thechallenges they face and the results they
desire — and use this knowledge to drive
innovation to help them achieve theirbusiness and sustainability goals.

In addition to our daily interactions withcustomers, we conduct interviews withcustomers as part of our sustainability
materiality assessment process, actively
participate in various industry
associations and conduct annual
reviews of our partnerships with eachcustomer to understand customerspecific issues, measure our impact andassess key business drivers to shape
future strategies.

Supply partners
Ecolab works with suppliers to help
ensure the quality of our products andthe integrity of our operations to meet ourcustomers’ world‐class expectations.
Within our supply chain, we place great
focus on addressing environmental risks,
helping people thrive and contributing
meaningfully to the communities where
we live and operate. As such, we interface
with suppliers through daily business
operations and garner feedback during
screening processes upon inclusion into
our procurement portfolio, on-site audits
and assessments, business reviews,
internal and external surveys and as
members of mutual industry associations.
Ecolab’s business relationship with its
suppliers is based on supplier policies aswell as contracts or purchase order terms
and conditions that are specific tosupplier transactions with Ecolab. We
additionally have global strategic
sourcing agreements with multinational
chemical and material companies to coinnovate and drive product stewardshipbenefits of our programs. As an integral
part of our sustainability strategy, we also
engage with suppliers on collective
environmental and social topics throughdirect dialogue and surveying tocontinually and holistically refine ourapproach along our entire value chain.

Governmental bodies
We communicate with policymakers inproactive policy discussions, bringing ourmarket segment and scientific expertiseto the table on water, waste,

food safety and customer health issues
to help ensure public policy decisions
are grounded in scientific principles.
Ecolab engages with federal and statelegislative and regulatory bodies andindustry trade associations that provide
a forum for environmental policy
discussion and action relevant to ourindustry. These include a diverse setof stakeholders which focus on waterrelated issues and climate mitigation
and adaptation issues to influence waterand climate policy.

Non-governmentalorganizations (NGOs)

Our ability to help make the world
cleaner, safer and healthier through our
products and services is strengthened
through our partnerships with
reputable, global NGOs. In 2023, ourNGO partnerships included the Water
Resilience Coalition as part of theUnited Nations Global Compact andCEO Water Mandate, Alliance for Water
Stewardship, The Nature Conservancy,
the World Environment Center, theProject WET Foundation, Water.org
and the World Resources Institute. Our
active engagements with these andother NGOs through events, interviews
and other direct communications
strengthens our understanding of
global trends impacting our business,customers and communities, andinfluences our assessment of societal
risks and opportunities relevant to
Ecolab’s business.

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About

Our Approach

Environment

SocialGovernanceAppendix

Sustainability materiality assessment
Building on learnings from previous materiality assessments, achievements to datetoward delivering 2030 Positive Impact and previous and ongoing sustainability
initiatives, our most recent materiality assessment performed in 2022 reaffirmed
and updated topics of significance to our business. With input from our diverse setof stakeholders, we prioritized material topics and related risks and opportunities toinform our future business strategy.

Approach
We are committed to reviewing ourmateriality assessment findings at least
every three years to ensure our strategy
and reporting activities continue to focus
on areas where we have the mostsignificant, actual and potential impact
while maintaining and strengthening oursustainability leadership position. Our
multifaceted materiality assessment
process captures and prioritizes
sustainability topics that are important toour stakeholders, align with ourcompany’s and customers’ key businessdrivers and inform our business strategy
and reporting of these issues as requiredin our Annual Report and 10-K. The
classification and selection of topics areprepared with reference to the Global
Reporting Initiative’s (GRI) Reporting
Principles, Topic Standards
and definitions.
We validate material topics with athorough review of industry-specificsustainability trends and best practices, a
process that involves testing topics withpeers, customers, senior leadership,
employees, investors and third-party
consultants. This systematic approachensures we engage in meaningful

dialogue, understand and integrate
stakeholder expectations, focus on themost strategic sustainability issues andalign our efforts with our purpose toprotect people and the resources vital tolife.
Results are reviewed by our
Sustainability Executive Advisory Team(SEAT) that is made up of members of
the company’s executive leadership teamincluding our CEO, and further evaluatedagainst the same set of criteria used inour enterprise risk management process
and annual assessment of significant
business risks to ensure topics align withour core values, goals and competencies.
The results and findings of ourmateriality assessment process inform
advancements of our 2030 Positive
Impact, when applicable, and drive thecontinued integration of sustainability
into our corporate culture while targetingnet positive impact through our products,
services, partnerships and value chain.
Outputs of the materiality assessment arealso integrated into our annual
assessment of significant business risks
to ensure critical sustainability risks andopportunities are further evaluated andlinked to our core business strategy.

The United Nations Sustainable Development Goals (SDGs) are the 2030 blueprint
to achieve a better and more sustainable future for all. Ecolab is committed topartnerships and programs that fulfill the UN Sustainable Development Goals, andbelieve we are well-positioned today to make our greatest contributions in three areas
most aligned with our material topics.

GOAL 6:

Clean Water and Sanitation
We aim to achieve a net positive water impact across ourown operations and customers’ sites.

GOAL 13:

Climate Action
Ecolab continues to pursue climate leadership, alignedwith the latest science and industry best practices to halvecarbon emissions by 2030 and achieve net-zero carbon
emissions by 2050.

GOAL 5:

Gender Equality
We believe that a diverse and inclusive workforce is critical to
the success of our associates, company and customers.

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Sustainability materiality assessment
Findings

Our most recent assessment resulted in the identification and prioritization of 17 material
topics relevant to stakeholders and our business. Identified topics were prioritized andgrouped according to significance of impact and importance.
These 17 material topics are critical components of our business strategy and consideredfoundational to Ecolab’s business model. The majority of topics remained consistent
with previous materiality assessments or reflect minor adjustments to specificity. The
maturation of sustainability topics in both global frameworks and our stakeholders’experiences brought new dimensions to materiality, with the most substantial additions
occurring across governance areas with a steep rise in granular topics such as pay equity,business ethics and business resiliency. Key drivers of Ecolab’s sustainability efforts suchas water stewardship, climate action and health, wellness and safety remained high on therelative ranking of significance. Also notable was the addition of biodiversity protection
and restoration to address growing attention to this aspect of environmental sustainability.
Higher
Water stewardship
Climate action
Waste management

Product sustainability

Importance to stakeholders

Corporate governance
Human rights
Health, wellness and safety

Circularity

Business ethics
Talent management

Biodiversity

Diversity, equity and inclusion
Supplier relations

Community impact

Pay equity

Information security
Business resiliency

Importance to business

Lower

Environmental

SocialHigherGovernance

About

Our Approach

Environment

SocialGovernanceAppendix15

Ecolab’s 2023 Growth & Impact Report

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About

Our Approach

Environment

SocialGovernanceAppendixeROI: Creating and measuring valueOver a century of innovation has laid
the groundwork for moving forward,
faster as we build positive growth,through science-based solutions,data-driven insights and world-classservice that help customers achieve
ambitious business and environmental
goals. With an unparalleled combination of science and service, we deliver exponential
outcomes that benefit customers and communities. We call this our eROISM value: theexponential return on investment, or eROI, from customers’ improved performance, operational
efficiency and sustainable impact.
Measurement is a critical component of our process. Using our proprietary eROI methodology,
we estimate our sustainable impact and customers’ return on investment. By helping to measurevalue, Ecolab supports our customers in tracking and enhancing the value they create in theworld. We start with what matters most to our customers — performance — and link
performance outcomes to environmental impacts, and social metrics and cost savings todemonstrate the triple-bottom-line benefits of sustainability. Ecolab’s innovative solutions help
customers achieve advancements in operational efficiency while reducing water, energy andgreenhouse gas emissions at a high return. Every year, we measure our total impact using oureROI Customer Impact Counter. The counter includes technologies that track savings delivered
to customers and have established methodologies.
Our eROI impact is based on
historical and forecasted marketingand sales data. The estimation is
updated annually to account forchanges in market growth andnew technologies. Ecolab’s eROI
methodology has been independently
reviewed by third-party consultant
group Anthesis LLC which confirmed
appropriate systems for collection,
aggregation and analysis ofquantitative data for determination of
the potential savings and benefits of
Ecolab products and services for thestated period and boundaries, within areasonable degree of uncertainty.

In 2023
eROI programs and projects are estimatedto have delivered more than

$1.3 billion globallyin annualized savings for our customers.

We also helped our customers:
Conserve
more than

226 billion

Conserve
more than

47 trillion

Avoid
more thanAvoid
more thangallons of water

BTUs of energy

3.8 million

metric tons of greenhousegas emissions

64 million
pounds of waste

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Our Approach

Environment

SocialGovernanceAppendix

17

Annual Savings
WATER

6.1 million gallons(~23,000 m3)

Ecolab helps fuel 6.1 million gallons ofwater savings for ADM ethanol facility
looking for a better process for removing
biofilm buildup. Biofilms that are notproperly removed can negatively impact
ethanol production and output.

Insights
ADM is a global leader in human and animal
nutrition and the world’s premier agricultural
origination and processing company. The
company is committed to good businesspractices, progressive solutions and mindfulactions that make a positive impact.
Its Strive 35 enterprise goals aim to
substantially reduce greenhouse gas
emissions, energy intensity and water
intensity by 2035. To that end, thecompany seeks solutions that will help
advance its sustainability goals.

Actions
An ADM facility in Columbus, Nebraska,
that produces ethanol, a plant-based
biofuel, from fermented corn was

ADM’s longtime partner, Ecolab,
assessed the situation to determine theroot cause of the biofilm buildup. It thenproposed a solution – the Ecolab Cleanin-Place (CIP) program, which decreases
negative fermentation byproducts that
impact ethanol yield and quality.
Along with the CIP program, theplant implemented Trimeta™ Shield,
an innovative cleaner and final rinse
combination that helps improve cleaning
and restore equipment efficiency forethanol producers, along with a low
pH cleaning product. These solutions
replaced sodium hydroxide, a caustic
cleaning agent that the facility wasusing previously.

chemistries led to more consistent
fermentation and enhanced system
performance and reliability. Productivity
was also increased through reductions intreatment chemistry.
Improved cleaning and biofilm removal
also led to significant reductions in water,energy and greenhouse gas emissions– benefits that are helping ADM on its
Strive 35 journey and its continuingcommitment to achieve a stronger andbetter world.

Solutions• Ecolab Clean-in-Place (CIP) Solutions• Trimeta™ Shield

Outcomes

Ecolab’s CIP technology and associated

The results in this case study are specific to this individual customer and may vary for other customers based on factors and circumstances in their operations.

ENERGY

60 billion BTU

GREENHOUSE GASES

5,700 metric tonsof CO2ePRODUCTIVITY$1.2 million

Due to chemistry reduction

ASSET PROTECTION
50-75% reduction of inorganic
soil in fermentation equipment(varies based on equipment)

Learn more about eROI

Total Value Delivered$1.6M

Ecolab’s 2023 Growth & Impact Report

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About

Our Approach

Environment

SocialGovernanceAppendix

18

Annual Savings
WATER

23.4 million gallons(~88,500 m3)

Advancing operational and sustainablesuccess at Marriott Vacations Worldwide

Insights

Marriott Vacations Worldwide (MVW) isa leading global vacation company thatoffers vacation ownership, exchange,
rental, and resort and property
management, along with related
businesses, products and services.
MVW strives to uphold the highest
standards of excellence in all aspects of its
operations. This includes working to create
a positive impact on the communities andresort locations in which the company
operates, as well as the safety andproductivity of their team members.

Actions

To reduce its environmental impact, MVW
is working with stakeholders to embed

consistent environmental efficiency
practices across its resorts. Key areas offocus are tracking and reducing water andenergy consumption and waste.

• Wash ‘N Walk™ No Rinse Floor Cleaner– this one-step floor cleaning andsanitizing process saves water andenergy while enhancing productivity.

Working with its longtime partner Ecolab,
MVW implemented several technologies
designed to help save water and energy,
increase productivity and improve theirbottom line. These include:• 3D TRASAR™ Technology for Cooling
Water – protects cooling equipment
assets and maximizes cooling water
efficiency for water, energy andemissions savings.
• Aquanomic™ Low Temp Laundry
Program – consistently delivers white
linens and substantial water andenergy savings versus traditional
laundry programs.
• SMARTPOWER™ Program – provides
exceptional dishware cleanliness alongwith helping advance sustainable
foodservice operations through reducing
rewash and the reduction of plastic
packaging versus traditional solids.

Outcomes

The partnership with Ecolab has led toincreased performance without tradeoffs.
MVW has achieved significant operational
cost savings and reductions in water use,energy use and solid packaging waste
while providing customers with the bestexperience possible.

Solutions• 3D TRASAR™ Technology for
Cooling Water• SMARTPOWER™ Program• Aquanomic™ Low Temp Laundry
Program• Oasis™ & Oasis Pro™
Concentrated Cleaners• Wash ‘N Walk™ No Rinse Floor Cleaner

The results in this case study are specific to this individual customer and may vary for other customers based on factors and circumstances in their operations.

Learn more about eROI

ENERGY

12 billion BTU
GREENHOUSE GASES

1,400 metric tonsof CO2e

WASTE

46,000 lbs
reduced waste

LABOR PRODUCTIVITY

9,100 hoursof labor gained

ASSET PROTECTION$279,000

repair and replacement savings

SAFETY

Enhanced safety via automateddispensing and closed
packaging systems

Total Value Delivered$627,000

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About

Our Approach

Environment

SocialGovernanceAppendix

19

Annual Savings
ENERGY

238 million BTU

Helping to power a more sustainable
future together with AES Andes

Insights

AES Andes is a producer and distributor ofelectricity based in Santiago, Chile. The
company is one of the region's leading
generators, with a diversified portfolio that
includes hydroelectric, wind, solar, energy
storage, biomass, gas and coal plants.
The company is committed todecarbonization, with sustainability
goals that include eliminating coal from

“Ecolab delivered the outputs
that were promised. We feel
supported by the Ecolab team.
They are not just selling to us– it’s a partnership.”Norberto Corredor
Chief Operating Officer, AES Chile

its portfolio by 2025, achieving net-zerocarbon emissions from electricity sales by
2040 and net-zero carbon emissions for
its entire portfolio by 2050.
AES Andes was looking for a partner
to help it minimize chemistry use andoptimize productivity at its Andes
Ventanas thermoelectric power plant inPuchuncaví, Chile.

Actions
The plant was experiencing problems
with its boiler system cooling water,which was affecting reliability, water andenergy use, and performance. The cause
was acid phosphate corrosion (APC),
which had led to a forced shutdown in
one of the plant’s four generating units.
The corrosion was caused by cyclicloading conditions, or repeatedfluctuations or stresses on structuralcomponents. This made it difficult tocontrol pH and other chemistry variablesin the cooling water.

Working with Nalco Water, Ecolab’s waterand process management business, AES
implemented 3D TRASAR™ Technology.
Through real-time monitoring andautomated dispensing, 3D TRASAR™
improved chemistry management of thewater-steam cycle to repair the systemand help prevent future shutdowns.

Outcomes

As a result of these actions, the AES Andes
Ventanas plant achieved substantial
savings in energy, costs, maintenance andlabor. 3D TRASAR™ Technology also led
to significant reductions in CO2 emissions
as well as more efficient use of chemistry.
The actions have proved to be a helpful
step forward for AES Andes’ business andsustainability goals.

Solutions• 3D TRASAR™ Technology• Ecolab 3D

The results in this case study are specific to this individual customer and may vary for other customers based on factors and circumstances in their operations.

Learn more about eROI

GREENHOUSE GASES

22,000 metric tonsof CO2ePRODUCTIVITY
Increased output due toimproved boiler system
reliability

ASSET PROTECTION$19,200

High performance program
maintains and protects
critical equipment

SAFETY

Enhanced worker safety due
to reduced maintenanceTotal Value Delivered$1.4M

Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix

2030 Customer Impact
Ecolab operates where sustainability and economic benefits align, helping ourcustomers do more with less. Ecolab technologies and services help drive exponential
return on investment (eROI) for our customers, while helping protect people and vital
resources. And as we grow our business, we further amplify our impact. That’s why wehave ambitious goals to drive positive impact forward, faster, together withour customers.
Our plan for creating 2030 Positive Impact showcases our global team’s dedication topartnering with customers to maximize business outcomes a high rate of return while
delivering positive effects on the world’s water, climate, food and health.

How we evaluate impact
Using our eROI methodology, we use global
sales data and business growth related to
our water- or energy-saving technologies
alongside industry-specific assumptions
to estimate enterprise-wide water andclimate impact. These examples highlight
how we combine sustainable, world-classsolutions with personalized service todeliver savings. For more examples, visit
the Climate section of this report.1

Aquanomic™

Ecolab’s Aquanomic Low-Temperature
Laundry program combines Ecolab’s
Smart Wash process and cycle
optimization to reduce the number ofrinse cycles required for cleaning. The
low-temperature chemistry reduces
water temperature requirements,
lowering heating energy and emissions.
Ecolab uses laboratory testing andmarket trials to estimate water and1energy savings as well as industry
averages to estimate energy-related
greenhouse gas (GHG) emissions.

SMARTPOWER™

Ecolab’s SMARTPOWER warewashingprogram is designed to reduce waterand energy intensity through highperformance products resulting in
a 10% reduction in rewash. Energyrelated emissions are reduced throughthe decrease in total number of racks
run. Ecolab uses laboratory testing
and market trials to estimate customer
rewash, water and energy savings, andindustry averages to estimate energyrelated GHG emissions.

3D TRASAR™ Technology for
Cooling Water

Nalco Water’s Cooling Water treatment
programs and 3D TRASAR automation

GHG emissions equivalency is determined using regional emissions factors from the International Energy Agency.

systems help protect cooling systems
from corrosion, scale and microbial
deposits, which improve heat transfer toreduce fuel consumption and resultant
GHG emissions. The program also
minimizes cooling system blowdown
water loss by increasing cooling tower
cycles of concentration.

Nalco Water Boiler Treatment

Nalco Water’s Boiler treatment programs
include the use of NexGuardTM scale
control treatment to help maintain
optimum boiler efficiency and reliability,
while 3D TRASAR Boiler Automation
Technology minimizes blowdown
energy and water loss. Water, energy
and GHG emissions savings can be
attributed to scale prevention to improveheat transfer, automated blowdown
control to reduce water and heat loss
and implementation of best practicerecommendations for improved, highquality condensate return.
We estimate food performance based on
production data and business growth fromour global Food & Beverage business, thenumber of meals served by Quick Service
Restaurants and Full-Service Restaurants
customers and annual food consumption
in the United States and Europe.
Escalating costs and higher consumer
prices contributed to reduced volumes
for many of our food and beverageindustry customers. In 2024, as consumer
prices stabilize, we anticipate enhanced
growth for our customers and increased
opportunities for positive impact.
We measure health performance basedon the average number of healthcare
instruments washed, disposable drapes
sold, chemistry sales and business growth.

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Our Approach

Environment

SocialGovernanceAppendix

212030 Customer Impact

Water

ClimateFood

HealthBy 2030, we aim to help customers
conserve 300 billion gallons (~1.1billion cubic meters) of water every
year, equivalent to the drinking
water needs of 1 billion people.

By 2030, our ambition is to support
customers in achieving carbon neutrality by
reducing greenhouse gas emissions by 6
million metric tons, helping prevent nearly
10 million pollution-induced illnesses.

By 2030, our goal is to help customers
provide high-quality and safe food to
2 billion people for an entire year andprevent 11 million foodborne illnesses.

By 2030, our goal is to help clean 90
billion hands and provide safe medicalcare for 116 million people each year,
reducing the risk of more than 1.7
million infections.

In 2023, we helped customers save
226 billion gallons (~857 million
cubic meters) of water, equivalent
to the drinking water needs ofalmost 782 million people.

In 2023, we helped customers avoid emitting
3.8 million metric tons of greenhousegas emissions, preventing over 6 million
pollution-induced illnesses.

2030 Impact

2030 Impact

In 2023, we helped customers provide
high-quality and safe food to 1.4 billion
people and prevent over 8 million
foodborne illnesses.

2030 Impact

In 2023, we helped customers clean 60
billion hands, provide safe medical care
to 66 million people and reduce the riskof 2.1 million infections.

2030 Impact

300 billion

6 million

2 billion

gallons of water saved

MT CO2e avoided

people fed

hands cleaned

226B

3.8M

1.4B

60B

gallons
in 2023

MT CO2ein 2023

peoplein 202390 billion

hands
in 20232023 Targets

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About

Our Approach

Environment

SocialGovernanceAppendix

2030 Operational Impact
At Ecolab, we strive to create sustainable, positive change in the world, not only in partnership with our customers, but within our company and the communities in which welive and work. In addition to science-based environmental targets, we foster a culture of belonging through diversity and inclusion, where people with unique backgrounds andexperiences are supported and encouraged to reach their full potential. We act with purpose and, together, continue to do our part to help change the world for the better.

Water
As a global leader in water solutions andservices, we remain dedicated tocreating a more water secure future
through smart water management,
conservation and stewardship. Throughour long history of efficiency
improvements and collective action, we
continue to demonstrate that companies
can accelerate their growth while
prioritizing water. That’s why by 2030, in
combination with our commercial efforts,
we plan to continue to achieve a Net
Positive Water Impact through:• Reducing water impact by 40% perunit production across our enterprisefrom a 2018 base year
• Restoring greater than 50% of our

Climateabsolute water withdrawal volume at
high-risk sites• Achie ving Alliance for Water
Stewardship (AWS) Standard
certification for sites located within
high-risk watersheds
An unwavering focus on improving
water efficiency at high-impact
manufacturing sites in 2023 resulted inan overall water impact reduction of
18% per unit production from a 2018base year. We also restored 34% of ourabsolute water withdrawal at high-risksites. Ecolab has achieved AWS
certification at 10 of our facilities, sevenof which are in water-stressed basins.

2030 Impact

40%

reduction in water impact intensity

We are focused on reducing greenhousegas (GHG) emissions across our entire
value chain in line with the level ofdecarbonization required to limit global
warming to 1.5 degrees Celsius. We havecommitted to reaching net-zero by 2050,
including a 90% absolute reduction of
Scope 1, 2 and 3 GHG emissions.1 On
the way to net-zero, we have near-termclimate goals – backed by robust glide
paths – that are approved, andundergoing revalidation by, the ScienceBased Targets initiative (SBTi) including:• 50% absolute reduction of Scope 1 and
2 GHG emissions2• 100% renewable electricity• 25% absolute reduction of Scope 3
GHG emissions3
In 2023, we reduced absolute Scope 1
and 2 GHG emissions by 25% from a2018 base year. Also in 2023, 64% of our
total electricity usage was consideredrenewable. As our Scope 3 GHG emissions
reduction target was set in 2023,
performance tracking will begin in 2024.

2030 Impact

18%

50%

reduction in operational emissions

reduction
through 2023

1
Scope 1 + 2 from 2018 base year, Scope 3 from 2022 base year, 2 From a 2018 base year, 3 From a 2022 base year inclusive of a portion of purchased goods and services, fuel- and energy-related
activities, upstream transportation and distribution, and use of sold products categories as defined by the GHG Protocol

25%

reduction
through 2023

2023 Targets

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About

Our Approach

2030 Operational Impact
Diversity, equity and inclusion

Our culture of inclusion and belonging is focused on supporting andencouraging our associates to reach their full potential. We seek to fostera culture of belonging that reflects our longstanding value of collaborating
to include diverse perspectives that challenge ourselves to reach our goals
and do what's right. And we endeavor to maintain supply relationships thatreflect Ecolab’s commitment to supporting more inclusive communities andpromoting equal opportunity for suppliers.
We are committed to ensuring Ecolab talent has equal access toopportunities to thrive, and building a diverse and inclusive workforce
that reflects our communities. Our 2030 Impact aspirations reflect thiscommitment, aiming to increase management-level gender diversity to
35% and ethnic/racial diversity to 25%, as we seek to have equitable
representation of the U.S. workforce at all levels for our industry.

28%

Management-level
female representation

20%

Management-level
people of color
representation

In 2023, 28% of management-level associates identified as female and 20% ofmanagement-level associates identified as people of color.

SafetyOur safety goal is always zero incidents, and this goal has no expiration date;safety is a commitment we reaffirm everyday. But Goal Zero is more than anumber. We place great value on training and education, both at our own
facilities and at customer locations. We assess risk before we start work,
identify and address safety issues and remedy hazardous situations — atany Ecolab location and wherever we operate. Employees are trained andempowered to stop work anytime conditions are considered unsafe. And, we
aim to train and educate our associates to perform their work with care andsafety each and every day.
In 2023, we made strides toward Goal Zero by reducing total recordable
incident rate (TRIR) by 48% from a 2013 based year, globally, and reducing
lost time incident rate (LTIR) by 42% from a 2016 base year in North America.

48%

Reduction in Total
Recordable Incident
Rate since 2013,globally

42%

Reduction in Lost
Time Incident Rate
since 2016, in North
America

Environment

SocialGovernanceAppendix23Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendixAwards and recognition
Doing the right thing, the right way
The Ecolab team operates with a strong commitment to integrity, innovation, sustainability and social
responsibility. We strive for the best results for our customers and our company, and in 2023, were recognized
by several leading organizations for our commitment to operating responsibly and sustainably.

Sustainability

Global goodWorld’s Most Sustainable Companies (Barron’s)

America’s Most Just Companies(CNBC & JUST Capital)

Climate & Water Security (Double A) (CDP)
100 Most Sustainable Corporations (Corporate Knights)
ESG AAA Rating (MSCI)DJSI World and North America Indices(S&P Global)

Learn more about Ecolab's leadership

World’s Most Ethical Companies(Ethisphere)
World’s Most Admired Companies(Fortune)Gold medal (EcoVadis)

50 Best Companies to Sell For(Selling Power)

Corporate
responsibility

Diversity, equity
and inclusion

100 Best Corporate Citizens (3BL)

Gender Equality Index (Bloomberg)

FTSE4Good (FTSE Russell)

Best Place to Work for Disability Inclusion (Disability:IN)

America’s Most Responsible Companies(Newsweek)

Equality 100 Award (Human Rights Council Foundation)
Greatest Workplaces for Diversity (Newsweek)
Top 50 Companies for Diversity (Diversity, Inc.)Best Employers for Diversity (Forbes)

24Ecolab’s 2023 Growth & Impact Report

Contents

About

Environment
Working faster to build apositive future, together

Ecolab embraces our responsibility to drive positive change in the world,
within our company and with our customers and the communities in which
we live and work. Our associates act with purpose and, together, we continue to
do our part to help change the world for the better.
At Ecolab, we take a science-driven and customer-centric approach to pursuingsolutions to the world’s most complex problems, including water scarcity andclimate change. Continued population growth, rising consumption, changing
diets, public health crises and other dynamics are placing increased pressure
on the world’s natural resources and creating new and increasingly complex
challenges for businesses. It is increasingly clear that the window for action forenvironmental protection is limited, and it is time to move from commitments tomeasurable action and demonstrable progress.
Ecolab is in a unique position to help address the global trends shaping thefuture of business while protecting people, planet and business health. We will
not falter in our work to build a positive future. But we must move faster, and wemust move together.

Our Approach

Environment

SocialGovernanceAppendix25

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About

Our Approach

Environment

SocialGovernanceAppendix

Environmental impact and management
Partnering for a net positive future

We deliver exponential results today and are planning for an even more brilliant future. Together, with our customers and supply partners, we are focused on creating lasting positive
impact while simultaneously driving business growth. And by 2030, the culmination of advancements across our value chain is expected to result in net positive water and climate
impact, meaning outcomes delivered through use of Ecolab solutions and services outweigh our business’s own resource dependency.

ClimateWater
Ecolab helps businesses around the world achieve ambitious sustainability
goals by reducing freshwater use in critical processes. Each year, water
conserved at customer locations through use of Ecolab water-saving
technologies far exceeds our operational and estimated Tier 1 supplierwater use. As we work tirelessly to minimize our water footprint, our business and positive
impact is expected to grow, delivering an exponential net positive water impact by 2030.

Customer
impactCustomer
impactWater saved
through use of
Ecolab solutions

Operational
impactEcolab's
operational andestimated Tier 1
supplier water use

While we actively work to minimize our total carbon footprint, Ecolab’s
innovative energy-saving solutions and services help customers reducegreenhouse gas emissions in their own operations. In combination,these continuous efforts are expected to help avoid more emissions
at customer locations than those generated by our entire value chain, delivering a net
positive climate impact by 2030.

Greenhouse gas
emissions avoided
through use of
Ecolab solutions

2018

2023

2030

Operational
impactEcolab's Scope 1, 2
and 3 greenhosue
gas emissions

2018

2023

2030

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Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix

Environmental impact and management
Clean revenue

We define clean revenue as revenue
from product and service offerings thatdeliver a clear and significant social orenvironmental benefit. While there iscurrently no generally accepted standard
for quantifying clean revenue, we havesought to align with reputable external
standards where possible.
In 2023, our clean revenue total includes:
1. Revenue from water- and energysaving technologies within our Global
Industrial and Global Institutional
divisions that deliver meaningfulimprovements in use-phaseresource efficiency as defined by the
Sustainability Accounting Standards
Board (SASB) Chemicals Standard.
2. Revenue from wastewater treatment
technologies within our Global
Industrial division. Our wastewater
treatment technologies protect
watersheds and enable our customers
to meet stringent water quality
requirements.
3. Revenue from separation, purificationand extraction technologies from our
Purolite business.
4. Products certified by third parties
such as Green Seal, Nordic Swan, EU
Ecolabel and EPA Safer Choice, which
deliver clear environmental and/or
social benefits relative to the typicalmarket product.
Using these criteria, we have determinedthat 66% of our 2023 revenue can beconsidered clean and believe this is aconservative estimate. As we continue toimprove our clean revenue methodology
and data collection systems to capture
the full breadth of environmental andsocial value that our products andservices deliver across our key impact
areas of water, climate, food and health,
we expect our clean revenue figure toincrease in future years.

Accountability through collective action
Moving forward, faster
Ecolab was an early adopter of science-basedtargets (SBTs) as a signatory of the UN Business
Ambition for 1.5°C in 2019 and continues to pursue
water and climate leadership, aligned with thelatest science and industry best practices. Ourcommitment endures as part of the UN Global
Compact Forward Faster Campaign.

Operational environmental
management approach

At Ecolab, we believe what’s goodfor the planet is good for business.
Our sustainability leadership has beenrooted in an enterprise-widecommitment to operational efficiency
and environmental stewardship. We
employ our expertise and technology tocontinually find ways to deliver strong
business results while saving water,energy, emissions and waste throughout
our facilities. We do this with an eye forhow our impact extends beyond ouroperations to local people andcommunities. In 2023, we invested $63
million and $5.7 million in capital andoperating environmental programs,
respectively.
Ecolab’s Global Safety Health& Environmental Position andSustainability Position formalize ourdedication to excellence in global safety,
health and environmental(SHE) practices and performance. These
commitments extend past our own
operations to our suppliers andcontractors and are foundational to ourwork with our customers. Our Board of
Directors oversees Ecolab's SHE program

Recognized by CDP for sustainability
leadership year after year
A LIST

2023

CLIMATE WATER

primarily through the SHE Committee of
the Board and the SHE Position is
executed through our internal SHE
management system, which is
implemented at all global facilities.
In addition to 100% certification
to the Ecolab SHE management system
requirements, Nalco Water,an Ecolab Company, is a signatoryof the Responsible Care Global Charterand 39% of our plants have achieved
International Organization forStandardization (ISO) 14001 –Environmental Management Systems or
Responsible Care 14001 certification.
Moreover, 14% of sites are ISO 45001
certified and 78% are ISO 9001 certified.

Ecolab has participated in and reported to
CDP since 2006 to transparently disclose ourenvironmental impacts. In 2023, we received
leadership-level rankings from CDP, earning an A
ranking for both Climate Change and Water
Security submissions.

Verification ofenvironmental inventories

Our global Scope 1, 2 and 3 (businesstravel only) greenhouse gas (GHG)
emissions are verified by a third party,
Apex Companies LLC, using the ISO
14064-3: Greenhouse Gases - Part 3
specification standard. Additionally,
we verify our global water withdrawal
volumes, water replenishment projects,
NOx and SOx emissions, volatile organic
compounds emissions, hazardous air
pollutants emissions and hazardous waste
volume through Apex Companies LLC using
the International Standard on Assurance
Engagements (ISAE) 3000 Revised.

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Water
Our approach
Global water scarcity continues torequire urgent action across the world.
As a critical resource to all, responsible
stewardship and use of water ties our
responsibility to our shareholders andcommunities tightly together. It is abusiness and social imperative that wemove forward, faster, together to address
the global water crisis.
As a company with deep expertisein water management, and in-depth
understanding of the issues facing
companies across industries, we arecommitted to helping all water users
better understand, evaluate and takeaction to mitigate their water-related risks
to ensure the availability of the world’s
fresh water supply for future generations.
Although our direct operations are notwater intensive, having quality freshwateris vital to our operations, products andservices as we depend on the use ofwater to deliver our primary products
and services to customers throughcleaning, sanitation, heating and cooling.
Accelerating change through the powerof water is core to Ecolab’s purpose toimprove the health of people, planet andbusiness around the world.
Our Water Stewardship Position formalizes
our global commitment to undertake
responsible water stewardship byidentifying opportunities for our company
and customers to use water resourcesin a manner that benefits business,
communities and the environment.
We believe in the importance of waterin protecting the environment, human

About

Our Approach

Environment

SocialGovernanceAppendix

28

The societal value of corporate water
stewardship projects
As water challenges grow more pressing, an increasing number of companies are
pursuing corporate water stewardship projects. These projects impact more than water
volume, generating many co-benefits that improve conditions for society. Released by
Ecolab and other partners, the whitepaper, “Beyond Volumes: exploring the societal
value of corporate water stewardship projects,” aims to show the link between
volumetric water benefits and societal value, helping demonstrate for companies theholistic value of corporate water stewardship projects.
For more information
Beyond Volumes: exploring the societal value of corporate water
stewardship projects

health and economic development in
our local communities. Throughpartnership and stewardship, we aim
to identify and support opportunities
for our company and customers to use
water resources in ways that aresocially and culturally equitable,

economically beneficial andenvironmentally sustainable.
A robust water stewardship strategy
allows companies, including ourselves, tomanage risk, build resilience and createbusiness value now, and in years to come.

Ecolab’s 2023 Growth & Impact Report

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About

Our Approach

Environment

SocialGovernanceAppendix

Assessing the state of water stewardship with
the Ecolab WatermarkTM Study
According to the study, nearly
three out of four consumers
view access to clean andsafe water as a paramountenvironmental concern, rankingof higher concern than evenclimate change and pollution.
and the United States—at 68% and 53% ofconsumers respectively—and every region
indicated high levels of concern for the
next one to five years.

As a global leader in water, Ecolab createdthe Ecolab Watermark™ Study to examine
the state of water stewardship and keepa pulse on where and how to protect thisfinite resource. By understanding theviews and needs of the general population,
Ecolab is helping to build the businesscase for positive change toward a water
secure future.
The inaugural Ecolab Watermark Study,
released in 2023, found that the realities
of climate change and water scarcity are

setting in around the world. And since somany of the impacts of climate change arefelt through water, the results showed thatwater concerns were rising.

The study also found that consumers holdgovernment and industry most responsible
for conserving water resources andfunding water conservation measures.
Consumers feel, however, that industry
and government leaders are not taking thenecessary accountability for driving these
efforts. Two out of three respondents did
not believe that companies have sufficientmeasures or plans in place to tackle thegrowing water crisis.

According to the study, nearly three out offour consumers view access to clean andsafe water as a paramount environmental
concern, ranking of higher concern thaneven climate change and pollution. For
many consumers, those fears are immediate.
Imminent concern over access to clean andsafe water was highest in Latin America

At the same time, consumers are willingto step up themselves to help move theneedle on water stewardship. Roughly
one in three consumers in Europe, Asia
Pacific and the U.S. and two out of three
consumers in China, Latin America andIndia, Middle East and Africa say they
have changed their purchasing habits toThis research was conducted between February 15 – March 3, 2023, among a sample of general population adults. The interviews were conducted online. Results from the full study have a margin of error ofplus or minus 2–3 percentage points. Some geographies may be weighted with fewer variables depending on local census data availability. China research does not include Hong Kong, Macau or Taiwan.

avoid water-intensive products, with manyeven willing to pay more for sustainably
produced goods.
Despite expressing skepticism about
current corporate and government action,
consumer optimism that the water crisis canbe curtailed remains high. Three out of four
consumers feel that water scarcity can beaddressed through effective interventions.
The results of the Ecolab Watermark Study
demonstrate the importance of protecting
water and the communities who relyon this valuable resource. Only throughsuccessful collaboration between industry,
government, nonprofits and consumers
can the necessary action be taken to
shore up future water deficits.
Ecolab plans to update and release neweditions of the Ecolab Watermark Studyannually to assess developments in thewater stewardship space and ways in which
industry can continue to drive collective
action to promote water resilience. As atrusted global sustainability leader, Ecolab
will continue to leverage the Ecolab
Watermark Study to help galvanize leaders
to collectively protect our world’s mostprecious and finite resource.
For more information
Watermark.ecolab.com

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Our Approach

Environment

SocialGovernanceAppendix

Water
Our journey toward a net positive future

Moving forward, faster toward a water-resilient future requires tangible
action. Ecolab continues to drive corporate water management withour customers, while also identifying opportunities to implement water
stewardship projects in our own operations. We recognize the humanright to water and are aligned with the UN Sustainable Development
Goal (SDG) 6 to “Ensure availability and sustainable management ofwater and sanitation for all.” We aim to continue delivering a Net Positive
Water Impact by:
Helping customers advance efficient operations andresponsible growth
Through use of Ecolab solutions and services, we aim to
help customers conserve 300 billion gallons (~1.1 billion
cubic meters) of water, equivalent to the annual drinking
water needs of more than 1 billion people.

Reducing, recycling and replenishing water at
operational sites
By 2030, we are targeting to reduce water impact by
40% per unit production across our enterprise from a2018 base year in part by leveraging Ecolab solutions
and digital technologies that help us reduce, reuse
and recycle water.

Protecting local watersheds
We are working to restore greater than 50% of ourabsolute water withdrawal volume at high-risk sites
by 2030 through partnerships that help us understandshared water challenges and address them withnature-based solutions.

Delivering outcomes through the Alliance for Water
Stewardship (AWS) Standard
Our goal is to achieve AWS certification for Ecolab
manufacturing sites located in high-risk watersheds
by 2030.

Customer
impactWater saved
through use of
Ecolab solutions

Operational
impact

2018

2023

2030

Ecolab's
operational andestimated Tier 1
supplier water use

Continuing to achieve a Net Positive Water Impact
Ecolab helps businesses around the world achieve ambitious sustainability goals by reducing
freshwater use in critical processes. Each year, water conserved at customer locations through useof Ecolab water-saving technologies far exceeds our operational and estimated Tier 1 supplier wateruse. As we work tirelessly to minimize our water footprint, our business and positive impact is
expected to grow, delivering an exponential net positive water impact by 2030.

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About

Our Approach

Water
Helping customers advance efficient
operations and responsible growth
Ecolab has a unique understanding of the role water
plays in business. Our holistic water expertise helps
customers across nearly every industry use less waterand better manage the water they use, from everyday
uses to complex process challenges. This includes
improving heating and cooling, industrial processing,wastewater treatment and cleaning and sanitizing
processes through innovative water technologies, realtime data and monitoring, water management softwaretools, water treatment services and chemistries.
We also help customers implement industrial water
conservation efforts to reduce freshwater use, reuse
and recycle water to increase operational efficiency
and reduce cost of operation, pretreat water to meetenvironmental discharge standards, treat water for
public health and safety and protect and prolong
asset life.
We take a data-driven approach to water
management through a clear, four-step process:1. Identify: Understand and quantify water-relatedrisks with Ecolab’s publicly available online tool,
the Ecolab Smart Water Navigator.
2. Target: Set meaningful targets and uncoverwater savings opportunities through measuringand monitoring to gain real-time visibility into
operations at the enterprise, site and asset
levels, frequently achieved through Water FlowIntelligence.
3. Implement: Take action to meet water reduction
targets by leveraging solutions that offer visibility
into the efficiency, quality and safety of water inoperations, most commonly accomplished using
Ecolab’s 3D TRASARTM Technology.
4. Track: Track operational performance over timeand identify opportunities to optimize outcomesusing ECOLAB3DTM.
Industry is key to protecting our world’s water
resources and through the work we do with ourcustomers, we are helping businesses around theworld achieve water conservation goals by doing
more with less.

Conserving water in partnership with our customers
2030 Impact

By 2030, we aim to help customers conserve
300 billion gallons (~1.1 billion cubic meters)of water every year, equivalent to the drinking
water needs of 1 billion people.

2023 performance

We helped our customers save 226 billion
gallons (~857 million cubic meters) of water,
equivalent to the drinking water needs ofalmost 782 million people.
2023 Target

2030 Impact

300B
gallons

226B
gallons
in 2023

Environment

SocialGovernanceAppendix

Advancing sustainablebusiness growth with
Ecolab Water for
ClimateTM
As the effects of climatechange and water
scarcity continue tointensify, businesses
are facing increased
pressure to reachclimate, water andbusiness growth goals.
Ecolab’s Water for
Climate program isdesigned to help customers advance sustainable businessgrowth while meeting climate and water goals. Ecolab
Water for Climate works by improving how businesses heat,cool, treat and move water in their operations to deliverinterconnected benefits. The program provides a holistic viewof opportunities both at a site level and across the enterpriseso that companies can prioritize projects that allow them to do
more with what they already have. Ecolab expertise, resources
and world-class technology inform results-based and industryspecific solutions. By leveraging the power of water, Ecolab
Water for Climate is showing companies how they can lower
water use, energy use, greenhouse gas emissions and overall
costs, helping to disprove the myth that sustainability andgrowth are at odds. Ecolab Water for Climate is a vital part of
how Ecolab works with customers to drive positive change forbusiness, communities and the environment.
For more information• Introduction to Ecolab Water for Climate• Ecolab Water for Climate
Download Ecolab Water for Climate brochures for:• Food & Beverage Manufacturers• Data Centers• Primary Metals Industry• Chemical Industry

31

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Our Approach

Environment

SocialGovernanceAppendix

Helping businesses achieve resilience with theEcolab Smart Water Navigator

As available freshwater decreases while
demand increases, there’s more pressure
than ever on businesses to reduce wateruse. The Smart Water Navigator is a
publicly available online tool that helps
businesses increase water resilience andsupport responsible growth by turning
corporate water targets into real, on-theground results.
The tool, created by Ecolab in partnershipwith S&P Global, supports Ecolab’s
broader mission to help industry reuse,recycle and reduce water, supporting
growing operations and healthy
communities. Using the Smart Water
Navigator, companies can:• Set clear targets and drive internal
accountability to help reach them
• Optimize water use leading to more
resilient operations• Build trust and credibility withstakeholders to drive collective action
on water issues
Several leading companies acrossindustries have used the tool to set
context-based water targets andimplement action plans to advancesmart water management. Cargill, a
global provider of food, agricultural,
financial and industrial products, wasable to use information about local
watershed conditions to set targets forwater availability, quality and accessto address shared water challenges. A
global provider of data center, co-locationand interconnection solutions, Digital
Realty, used the Smart Water Navigatorto prioritize high-water-risk facilities atwhich they could evaluate water use
practices and outline steps to improvewater use efficiency. This allowed Digital
Realty to develop a water management
strategy to protect both its own
operations and local watersheds andcommunities.
The Smart Water Navigator contributes
to Ecolab’s commitment to help
customers optimize water use, working
toward our 2030 Positive Impact ofhelping customers conserve 300 billion
gallons of water annually, equivalent tothe annual drinking water needs of 1
billion people.

For more information• SmartWaterNavigator.com• Case study: Building an
Action Plan for Smart Water
Management• Working paper: You’ve Set
Corporate Water Goals.
Now What?

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Our Approach

Environment

SocialGovernanceAppendix

Lindström Chennai laundry facility achieves 56%
reduction in freshwater use in water-stressed India

The Lindström Group is a family-owned
textile services company with operations
in Europe and Asia. The company works
to ensure that its services are safe andhygienic and advance sustainability.
In 2022, Lindström teamed up with
Nalco Water, Ecolab’s water and process
management business, to launch awater recycling project at its laundry in
Chennai, India. The goal was to address
water scarcity locally and contribute to
global water stewardship efforts. The
solution: a wastewater treatment andreverse osmosis (RO) plant.
India is the largest user of groundwaterand among the most water-stressedcountries in the world. Across its 13
laundries in India, Lindström washes
thousands of pounds of uniforms andworkwear for various industries every day.
According to Lindström, 45% of thecompany’s total water use is from its
operations in Asia. Lindström has long
optimized water usage in its laundries
and cared for wastewater responsibly.
1

Reuters

But with groundwater in India declining
at an alarming rate, it wanted to expand
its efforts even further.1
Significant savings while
maintaining quality
In just over a year, Lindström recovered
74% of water at the plant and reduced
its total freshwater usage in Chennai by
56%. The project also limited freshwater
consumption by 44% in the washingprocess. The company plans to expand theprogram to other sites to decrease water
stress and provide more sustainable, costeffective services for its customers. Whenit does, Lindström estimates the initiative
could offset water consumption by an

estimated 85 million gallons annually.
The semi-automated wastewater treatment
and RO plant is operated by Nalco Waterand uses specialized chemistry to reducewater consumption without compromising
washing quality. Going forward, Lindström
plans to fully automate the plant to further
improve efficiency and consistency. It also
intends to add an artificial intelligence(AI)-driven analytics platform, poweredby ECOLAB3D™, to advance the use ofanalytics and algorithms, designed tofurther improve performance to accomplish
even better water recycling results.
As regulations for freshwater
consumption in India and around theworld become stricter, solutions suchas these will enhance resilience forcompanies in water-stressed regions of
the world.
“We already had a system for reusing
water at our laundries, but we wanted
to take it further to recycle the water
so that we could reduce the amountof freshwater we use,” said Venkataraj
Anantharaman Laguduva, Head ofContinuous Service, Asia at Lindström.
“Working with Nalco Water, we’ve
not only reduced our freshwater
consumption dramatically, we’ve
improved wash quality and extended
garment lifespans.”33

Ecolab’s 2023 Growth & Impact Report

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About

Water
Through helping customers manage over
one trillion gallons of water annually,
Ecolab’s team of experts is skilled in
identifying and implementing water
reduction, reuse and recycling solutions
that build water resilience. We utilize thissame expertise within our own operations
to optimize water use. We support smart
water management practices designed
to reduce demand and improve water
quality while optimizing costs at thefacility and organizational level through
Ecolab solutions like 3D TRASAR™, Water
Flow Intelligence and digital tools like theSmart Water Navigator.
Paired with savings from replenishment
projects within the water basins in which
we operate, our efforts to reduce andreclaim water help minimize Ecolab’s total
water impact. We have a robust glidepath
to reduce water impact by 40% per unit
production across our enterprise from a2018 base year.
In 2023, we delivered against our
glidepath on reduction and recycling
projects resulting in over 153 million
gallons (~580,000 cubic meters) of watersavings. Highlights of this work include:

Improving efficiency of water reclaim
systems in Clearing, Illinois, USA
A full range of Ecolab’s cutting-edgewater technologies are utilized at our
manufacturing site in Clearing, Illinois. The
water reclamation system utilizes reverse
osmosis, ultrafiltration membranes and3D TRASAR™ for Membranes to treat
process wastewater from 14 separate
locations within the facility for reclaim,
reducing overall water withdrawal by up to
20%. Enhancements implemented in 2023
improved the system’s efficiency, resulting
in additional annual water savings ofapproximately 36 million gallons (~136,000
cubic meters).

Working toward water positivity
in Lerma, Mexico
Our production facility in Lerma, Mexico
is following a comprehensive phased
approach on their way to achieving
a localized net positive water impact.
The site, which is located in a waterstressed area, received Alliance for
Water Stewardship certification in 2021.
In 2023, utilizing the expertise of ourteam and water solutions, they improved
steam condensate collection, installed
a wastewater reclamation unit andexpanded the rainwater harvesting system
to reduce water usage by 39% from a 2018base year.

Implementing holistic water
management tactics worldwide
Several Ecolab manufacturing sites –including ones in Japan, China and theUnited States – focused on continuous
improvement projects like identifying
and repairing leaks, reducing coolingwater use, optimizing cleaning process
and reclaiming water from processapplications. Altogether, these projects
are estimated to deliver almost 105 million
gallons (~400,000 cubic meters) in annual
water savings.

SocialGovernanceAppendix

Delivering water efficiency improvements amid
global supply chain disruptions
2030 Impact

Reduce water impact by 40%
per unit production across ourenterprise from a 2018 base year.

2030 Impact

40%
reduction

2023 performance18%

reduction
through 2023

An unwavering focus on improving water
efficiency at high impact manufacturing sites
resulted in an overall water impact reductionof 18% per unit production from a 2018 baseyear. For more detailed water data, see the
Performance data appendix.
2023 Target

2030 Operational water impact glidepath
100%
18%
reduction
80%

Water Impact(% of 2018 base year)

Reducing, recycling and replenishingwater at operational sites

Environment

Our Approach

(6%)
(13%)

60%

(4%)

40%
reduction

40%

20%

0%
2018

2023

ReduceReclaim

Replenish

2030

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About

Environment

Our ApproachSocialGovernanceAppendix

Ecolab’s Lerma manufacturing facility helps movewater reduction efforts forward, faster

A comprehensive phased approach
to water efficiency
The Lerma facility has a history ofprioritizing water efficiency projects. In
2020, in alignment with Ecolab’s global
water strategy, the team adopted theAlliance for Water Stewardship (AWS)
approach to comprehensive water
stewardship and pursued AWS
certification. The Lerma team
implemented high-efficiency restroom
upgrades, installed a condensate recovery
system and made improvements to theboiler water system. Also in 2020, the site
implemented its first rainwater collection
system for use in emergency water
systems. With the success of this initialsystem, the team recognized the potential
opportunity that rainwater collection
presented as an alternative togroundwater withdrawal. This rainwatercollection system has since been
1

World Resources Institute

In 2022, Lerma became Ecolab’s first pilot
facility for localized net positive water andclimate impact strategies. Since then, it has
focused on reducing energy use throughwater and utility efficiency projects via acomprehensive phased approach. In 2023,
utilizing the expertise of our teams andsolutions such as Water Flow Intelligenceand 3D TRASAR™ Technology, Lerma
improved steam condensate collection andrefurbished its cooling tower system.
In November 2023, Lerma reached anothermilestone in its water stewardship journeywith the installation of a wastewater
reclamation system. As a result, it is
now able to obtain 17% of its water fromsources other than groundwater: 5% fromthe new wastewater reclamation system
and 12% from rainwater harvesting.

Water and environmental certifications
In 2022, Ecolab’s Lerma site received AWS
certification as recognition that the facility has
met the global benchmark for responsible
water stewardship, requiring both aholistic commitment to proactive water
management and alignment with the AWS
International Water Stewardship Standard.
Lerma has also received ISO 14001
certification, the international standard forenvironmental management systems

Water intensity over time at Ecolab’s Lerma
manufacturing site
Water Intensity

The site is committed to proactive water
management and has implemented arange of solutions to conserve and reusewater including rainwater collection,condensate recovery, boiler system
improvements, reverse osmosis projects
and wastewater reclamation.

expanded and is the leading alternate
source of water for the site.

(cubic meters / MT product produced)

Operating in one of the most waterstressed areas of the world, Ecolab’s
manufacturing facility in Lerma, Mexico,
exemplifies Ecolab’s holistic approach towater stewardship.1

1.2
1
0.8

0.89

0.88

0.8

0.6

0.67

0.68

2021

2022

0.62

0.4
0.2
0
2018

2019

(EMS) and the most widely used in theworld, and Industria Limpia certification,
which is bestowed by PROFEPA, the federal
agency responsible for the enforcement ofenvironmental laws in Mexico.
Through these efforts, Lerma has
reduced water usage by 39%, from

2020

2023

a 2018 base year. Going forward, theplant aspires to increase operational
efficiencies and source additional water
through reclamation, bringing it closer toachieving its goal of a 40% reduction in
groundwater use by 2024 – and moving
Ecolab closer to our 2030 net positive
water impact goal.

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Water
Protecting local watersheds
Watersheds face a variety of risks, including
water scarcity and water quality, accelerating
impacts of climate change and loss of local
species. Strengthening the resilience ofwatersheds around the world to withstandthese increasingly unpredictable pressures isa business imperative to ensure a
consistently supply of clean water.
Ecolab collaborates with nonprofits and nongovernmental organizations to advance new
solutions and standards for responsible
water management, and bring awareness tothe environmental impacts of industry. We
also collaborate with partners within waterbasins in which we operate to understandshared water challenges and work toaddress them with nature-based solutions.
Funded through the Ecolab Foundation,
Solutions for Life is Ecolab’s philanthropic
program to enhance our mission to conserve

water and improve hygiene around theworld through collaborations with nongovernmental organizations (NGOs) andemployee volunteerism. Through Solutions
for Life, Ecolab has supported the work ofseveral global nonprofit partners including:• The Nature Conservancy• Project WET Foundation• Water.org• World Wildlife Fund
• Bonneville Environmental Foundation
We also work collectively on shared water
challenges as a:• Signatory of the UN Global Compact
CEO Water Mandate• Founding member of the Water
Resilience Coalition• Member of the The Water Council,
California Water Action Collaborative, Texas
Water Action Collaborative, WateReuse
Association and World Resources Institute’s(WRI) Aqueduct Alliance

Restoring water in our communities in 2023
2030 Impact

Restore greater than 50% of
our absolute water withdrawal
volume at high-risk sites.

2023 performance

We restored almost 34% of ourabsolute water withdrawal at high-risksites through water efficiency andreplenishment projects.
2023 Target

2030 Impact

50%
restored34%

restoredthrough 2023

About

Our Approach

Environment

SocialGovernanceAppendix36Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix

Advancing global water resiliencethrough collective action
While Ecolab continues to focus on reducing
water usage in our own operations, as
freshwater availability dwindles, we andother companies must look beyond our
fence lines and work together to address
shared water challenges.
A quarter of the world’s population live
in countries experiencing extremely highwater stress, and two billion people lackaccess to safe drinking water.1,2 In addition
to water scarcity, access to clean, safe
water is a fundamental human right andis critical to ensuring the health andwellbeing of communities worldwide. At
Ecolab, we bring our partners together
to drive action to tackle these importantwater issues.
Ecolab’s approach to addressing thegrowing water crisis is to engage withcoalitions and stakeholders to enable
resilience, growth and stewardship. In
2023, we accomplished this throughour founding membership of the Water
Resilience Coalition (WRC), the launch of
the California Water Resilience Initiative(CWRI) and expanding the reach of
WaterEquity to enable water access.
Ecolab is a co-founder of the WRC, an
industry-driven, CEO-led group formed
under the United Nations Global Compact
CEO Water Mandate committed toraising water stress and its connection
1

World Resources Institute, 2 UNESCO

to climate change up the corporate
agenda. Through driving collective action
to achieve positive water impact in 100
priority basins, Ecolab and other WRC
members aim to enable water security forthree billion people and access to water,
sanitation and hygiene (WASH) services
for over 300 million people by 2030.
In 2023, Ecolab stepped forward as theBasin Champion for one of the WRC’s
priority basins: California. As Basin
Champion, Ecolab convened corporations,nonprofits and governmental bodies tolaunch the California Water Resilience
Initiative (CWRI). In line with California’s
Water Supply Strategy, this initiative aims
to shore up and advance efforts to close
the projected water supply deficit in thestate through public-private partnerships.
Since its launch in October 2023, Ecolaband other leaders of the initiative havebegun building a roadmap of high-impact
projects in need of corporate investment
and engagement to reduce, reuse andreplenish water in the region. The CWRI
aims to serve as a leading example of
how corporations can help California
reach its water goals. Through thisimportant initiative, Ecolab is partnering
across sectors to promote resiliency
for communities, the economy andecosystems.
With green financing as another key
lever for driving positive water impacts
worldwide, Ecolab has contributed to the
WRC investment portfolio. In its first joint
fund launched in 2023, Ecolab, alongwith Starbucks, Gap Inc., Reckitt, DuPont
and the US International Development
Finance Corporation (DFC) committed $150
million dollars to the WaterEquity Global
Access Fund IV. The fund is managed by

WaterEquity, the first asset manager solely
working to address the global water andsanitation crisis, and aims to provide WASH
access for five million people across SouthAsia, Southeast Asia, Sub-Saharan Africa
and Latin America. The WaterEquity Global
Access Fund IV not only helps support
the needs of communities worldwide,
but it also demonstrates how sustainableoutcomes and business growth canbe pursued simultaneously. Throughinnovative investment models like these,businesses can pursue both financial
returns and positive outcomes for people
and the planet.
Collective action on water is key toscaling positive impacts for business, theenvironment and people worldwide. This
is why each year Ecolab continues tomobilize alongside like-minded partners
to address the water crisis and promotewater resilience globally. Throughharnessing the collective power ofdiverse stakeholders working towards acommon goal, Ecolab is helping to build
a sustainable future that is conducive to
profitable growth and thriving
communities.
For more information• Water Resilience Coalition• California Water Resilience Initiative• WaterEquity

37Ecolab’s 2023 Growth & Impact Report

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Our Approach

Environment

SocialGovernanceAppendix

38

Enabling water conservation, accessibility andequity in the Southwest United States
Ecolab is a global leader in businesssolutions that make the world cleaner,safer and healthier. But perhaps more
importantly, we are also leaders in ourcommunities, helping our neighbors
optimize water use and access while
protecting resources vital to life.
A business cannot operate sustainability
globally without acting locally. As such,
Ecolab is committed to advancing
environmental justice in the communities
where we operate. Our Environmental
Justice Position outlines how we actively
seek to ensure our operations and products
involve fair treatment and meaningful
involvement of all community stakeholders,regardless of racial, socioeconomic, or
geographic factors, and intend to accelerate
our progress beyond what is required byregulatory bodies. Ecolab’s environmental
justice practices focus on three key areas:
1. Reducing the impact of our operations
2. Positively impacting communities inwhich we operate
3. Continuous measurement and program
refinement
In support of this commitment, Ecolabhas focused efforts in the Southwest
United States, where we have several
operating sites, as drought — andlong-term water trends — worsen in theregion. In 2023, the Ecolab Foundation
provided a $300,000 grant to the World
Emergency Relief supporting their Navajo

Water Project addressing the criticalwater access challenges faced by the
Navajo Nation. This initiative not only
focuses on establishing sustainable water
infrastructure, but also emphasizes thecritical components of water delivery andfiltration, and community-based water
education programs. The project seeks toensure reliable and clean water access forover 10,000 residents across sevencommunities in the Navajo Nation using acomprehensive approach—leveraging
local partnerships, innovativetechnologies and culturally acceptededucational programs to achieve longlasting water security for the Navajo
people.
This past year, the Ecolab Foundation also
pledged $157,000 to a project of the
Pacific Institute, in partnership with theBonneville Environmental Foundation,
Sensor Industries and other local
southern California water agencies andhousing providers, to tackle water waste
using an innovative toilet leak detection
system. Each installation will help savewater, streamline property maintenance,and reduce water and wastewater costs.
Preliminary results show that this solution
reduces total building water use by
10-20%. Ecolab’s investment will support
installation of 150 leak sensors in lowincome housing in Los Angeles, providing
an estimated 7.5 million gallons ofvolumetric water benefit over ten years.

Ecolab also helped fund a landmark
water conservation project with the
Colorado River Indian Tribes (CRIT) andthe state of Arizona, a project facilitatedby Business for Water Stewardship, a
program of the Bonneville Environmental
Foundation, to help shore up Lake Meadthrough the CRIT system conservation
project. The nearly 49 billion gallons (~185
million cubic meters) of conserved watersupports over 400,000 people each year.
Of this total impact, Ecolab’s investment
delivers a volumetric benefit of 19.2
million gallons (~73,000 cubic meters) of
water per year over a ten-year period fora total of 192 million gallons (~730,000
cubic meters) of water. The landmark
collective funding agreement from Ecolaband other Fortune 500 global businessleaders alongside a philanthropic matchis the single largest collaborative funding
effort of its kind. Not only does the project

help shore up declining water levels in
Lake Mead, which has fallen to 36% of
capacity, the lowest levels since it wasfilled in 1935, it helps delay and reduce
future water shortages that would impact
Arizona, Nevada, California and Mexico.
The funding also supports the CRIT’s
longer-term efforts to modernize irrigation
systems and conserve additional water.
Through these efforts, and others, Ecolab isadvancing support for vital ecosystems
and vibrant communities in the Southwest
United States, and around the world.
For more information• Navajo Water Project• Advancing Water Efficiency through Leak
Detection for Low-Income Housing inSouthern California• Business for Water Stewardship• Bonneville Environmental Foundation

Ecolab’s 2023 Growth & Impact Report

Water
Delivering outcomes through AWS certification
As a founding partner of the Alliance for Water
Stewardship (AWS), Ecolab is committed to sustainable
water use in our facilities and collaboration with otherbusinesses at the local level. Since 2010, Ecolab has
dedicated resources, expertise and practical applicationof principles to assist in the development, launch
and implementation of the AWS International Water
Stewardship Standard, a globally consistent and locally
adaptable framework to promote sustainable freshwateruse. The objective of the AWS Standard is to drive water
stewardship, which we define as the use of water thatis socially and culturally equitable, environmentally
sustainable and economically beneficial, achieved
through a stakeholder-inclusive process that involves
site- and catchment-based actions.
The Alliance for Water Stewardship certification
requires collaboration with other local stakeholders
in the watershed. All Ecolab facilities that received
certification worked with users in the same watershed
to drive collective action on water stewardship. In 2023,
we increased our portfolio of AWS-certified sites to 10,with the addition of manufacturing plants in Monterrey,
Mexico and Nanjing, China. Thanks to steps taken during
the AWS certification process and Ecolab’s own watersaving technologies, including 3D TRASARTM Technology,
these facilities save a combined total of approximately 31
million gallons (~116,000 cubic meters) of water annuallywhich is equivalent to the annual drinking water needs ofmore than 106,000 people.

Contents

About

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Environment

SocialGovernanceAppendix

39

Making progress toward our goal to achieve AWS certifications
in high-risk watersheds
2030 Impact

2030 Impact

Achieve AWS certification for Ecolab manufacturing sites locatedin water-stressed basins.

2023 performance

We have achieved AWS certification at 10 of our facilities, sevenof which are located within water-stressed basins. Click on thelocations below to explore how each site is activating their water
stewardship plans.

15

sites

7

sites
through 2023

2023 Target

City of Industry, California
Annual water savings of
850,000 gallons (~3,200 m3)

Cuautitlán Izcalli, Mexico
Annual water savings of
760,000 gallons (~2,900 m3)

Nanjing, China
Annual water savings of
1.9 million gallons (~7,200 m3)

Monterrey, Mexico
Annual water savings of
181,00 gallons (~260 m3)
Garyville, Louisiana
Annual water savings of
22 million gallons (~83,000 m3)

Taicang, China
Annual water savings of
1.2 million gallons (~4,600 m3)

Lerma, Mexico
Annual water savings of
858,000 gallons (~3,200 m3)
Carson, California
Annual water savings of
419,000 gallons (~1,600 m3)

Suzano, Brazil
Annual water savingsof 1.3 million gallons(~4,900 m3)
Barueri, Brazil
Annual water savings of
1.2 million gallons (~4,500 m3)

Ecolab AWS-certified sites
Ecolab sites in high-risk watersheds
that are planning to pursue AWS
certification by 2030

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Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix

Water
Strategy and risk management
Our annual water risk assessment
assesses 100% of our direct operations
and is used to identify facilities that may
operate within water-stressed regions anddetermine whether we have substantive
water-related risks.
In 2022, we revised our basin-level waterrisk assessment approach to incorporate abroader set of physical quantity, physicalquality, regulatory, and reputational risk
indicators, and based on the revised
approach, identified substantive waterrelated risks.

Water risk assessment
Ecolab conducts an annual water risk
assessment to identify facilities that may
operate within regions facing waterrelated risks, both in the near and longterm. The analysis is basedon combining our operational water
withdrawals, effluent discharges
and production metrics with waterrisk indicators from World Resources
Institute’s (WRI’s) Aqueduct Water Risk
Atlas and World Wildlife Fund’s (WWF’s)
Water Risk Filter, as well as financial cost
valuations from Ecolab’s Smart Water
Navigator to inform decisions at an
operational level.

Methodology details
In 2023, our water risk assessment
scope included 100% of our direct
operations. We assessed company
locations representing 100% of our global
withdrawal and effluent footprint. These
locations were assessed using a variety
of risk criteria inputs provided by the
Aqueduct Water Risk Atlas, Water Risk
Filter and insights available through the
Smart Water Navigator.

Results

Using the Global Reporting Initiative’s
definition of water stress, 55% of Ecolab’s
total water withdrawals are sourced fromareas with high or extremely high baselinewater stress. To further evaluate ourbasin-level water risk, we considered thefollowing risk criteria:• Sites with high or extremely high basinwater risk, current or 2030 future water
stress, drought risk, estimated flood
occurrence, Surface Water Quality Indexscore or risk related to access to wateror sanitation;• Sites with material water withdrawals; and• Sites with either ten-year potential
revenue at risk greater than 10% orproduction intensity greater than 1%.1
Based on these criteria, 30 sites
representing 76% of total production
volume and 49% of total water

withdrawals have been identified as
operating in basins where production
may be affected by water risk. The
additional consideration of inherent
physical, regulatory and reputationalrisks combined with individual risk
indicators most critical to our business– including drought, flood, water quality,
and access to water and sanitation –and an assessment of material Ecolabwater withdrawals, provides a holistic
assessment of potential water-relatedrisks associated with Ecolab’s direct
operations in 2023.
Several sites located within at-risk waterbasins are already working to make apositive impact on water availability,
quality and access within water-stressedbasins. For example, in 2023, we
continued to invest in the landmark water
conservation project with the Colorado
River Indian Tribes (CRIT) and the stateof Arizona within our City of Industry
manufacturing site’s watershed, which
delivered an annual volumetric benefitof 19.2 million gallons (~73,000 cubic
meters) of water. Ecolab also supports
the Loch Leven Project in partnershipwith The Nature Conservancy, working
to restore and enhance wetlands andprovide flood storage capacity within theMississippi River Delta near our Garyvillemanufacturing facility. Our contribution
to this work allows for 164 million
gallons (~620,000 cubic meters) of water
replenishment in the Upper Mississippi
River Basin each year.
1 As defined by Ecolab’s Smart Water Navigator, revenue at risk

compares the estimated amount of water a business requires
to generate revenue to the business’ share of water
available in the water basin if water was allocated amongwater users based on economic activity.

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About

Our Approach

Environment

SocialGovernanceAppendix

41

ClimateWe have pledged
to do our partThe science is clear on what’s needed to mitigate climatechange: significant, global action to reduce greenhouse gas
emissions (GHG) and limit warming to 1.5°C. As part of the UN
Global Compact Forward Faster Campaign in alignment with UN
Sustainable Development Goal (SDG) 13, Ecolab is committed to“Take urgent action to combat climate change and its impacts.”

Ecolab subscribes to external movements
to combat climate change, including:
The Science Based Targets initiative
We have science-based targets approvedby the Science Based Targets initiative(SBTi) to support the transition to a
low-carbon economy.

While we continue to act as a leading example for advancement
and impact on climate change, we cannot deliver enduringchange alone. We must continue to deepen collaboration withcustomers, suppliers, communities, associates, shareholders,
governmental bodies and non-governmental partners to achievecollective goals for a positive future. And we cannot wait. We mustmove faster, and we must work together.

RE100
Ecolab is a member of RE100, a renewableenergy initiative bringing together
businesses committed to using 100%
renewable electricity by 2030.

As we focus on building a net positive future, that means
turning sustainability commitments into results. Ecolab’s
Climate Change Position formalizes our commitment to the transition to a clean energy economy by identifying
opportunities for our company, suppliers, customers and partners to work together to reduce GHG emissions
and transparently report climate-related information to stakeholders. We have set targets aligned with the latest
science and have committed to achieving net-zero in our own operations. Ecolab is a supporter of the Task Forceon Climate-Related Financial Disclosures (TCFD) and defines net-zero in alignment with the Science-Based
Targets initiative (SBTi) as achieving value chain decarbonization in line with a 1.5˚C pathway and neutralizing
residual emissions with an equivalent volume of permanent carbon removal.

SCOPES EXPLAINED

Ecolab’s
greenhousegas emissions
footprint

Total
2023 GHG
emissions

Scope 1: Direct emissions from owned
or controlled sources or activities.
Examples include company-owned
vehicles or on-site fuel combustion.
Scope 2: Indirect emissions frompurchased electricity or heat sources.

4.7%
Scope 1

1.2%
Scope 2

94.1%
Scope 3

Scope 3: Indirect emissions from allother activities across the value chain,both upstream and downstream.

Examples of upstream activities
include purchased goods andservices, business travel and employee
commuting. Downstream examples
include electricity customers consume
using sold products.
See the Performance data appendix
for more information on our carbon
emissions inventories.

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix

ClimateOur journey toward a net positive future
As a company with a global manufacturing footprint, we actively seek to make apositive impact on the world’s climate through responsible processes while advancing
our resilience to the world’s changing climate. To guide our journey, Ecolab has nearterm Scope 1 and 2 science-based targets (SBTs) approved by the Science Based
Targets initiative (SBTi). We have committed to a net-zero SBT, which is undergoingvalidation by the SBTi, alongside reconfirmation and expansion of near-term targets.
We follow GHG Protocol accounting standards which exclude capturing customers’emissions reduction in our inventories but realize our positive contribution on theplanet is maximized in partnership with our customers. To have a truly exponential
impact, we rely on our unique value proposition to help customers achieve theirbusiness and cleanliness goals in a more sustainable way. That result is achieved
through use of Ecolab solutions and services which reduce water and energy use,
and therefore GHG emissions. So, building on proven performance year over year, andahead of our net-zero milestone, we intend to achieve a net positive climate impact inpartnership with our suppliers and customers by 2030. Here’s how:Engaging across our value chain

Customer
impactGreenhouse gas
emissions avoided
through use of
Ecolab solutions

Operational
impact

2018

2023

2030

Ecolab's Scope 1, 2
and 3 greenhosue
gas emissions

We are working with both downstream and upstream partners
to reduce Ecolab’s Scope 3 emissions by 25% from a 2022base year across a portion of purchased goods and services,
fuel- and energy-related activities, upstream transportation anddistribution and use of sold products.

Optimizing our operations

We are focused on reducing absolute Scope 1 and 2
emissions by 50% from a 2018 base year and using 100%
renewable electricity by 2030.

Helping customers minimize their carbon footprint
through use of Ecolab solutions and services

Our goal is to help customers along their decarbonization journeyby collectively avoiding 6 million metric tons CO2e, preventing
nearly 10 million pollution-induced illnesses each year by 2030.

A force for good beyond our own operations
Ecolab’s positive impact on the planet is multiplied through the work we do with ourcustomers. While we actively work to minimize our total carbon footprint, Ecolab’s
innovative energy-saving solutions and services help customers reduce greenhouse gas
emissions in their own operations. In combination, these continuous efforts are expected
to help avoid more emissions at customer locations than those generated by our entire
value chain, delivering a net positive climate impact by 2030.

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ClimateAbout

Our Approach

Environment

SocialGovernanceAppendix

Continuing to deliver on our promise

Helping customers minimize their carbon footprint
Just as climate change is one of the greatest challengesof our time, finding the path to net-zero emissions is thecorresponding growth opportunity. We continue to innovatewith an eye toward a low carbon future: over an eighth of
new technologies launched in 2023 contributed to positiveenergy and carbon impacts. Through utilization of many ofthese innovative programs and services, we are growing ourbusiness while helping minimize customers’ environmental
footprint at a high rate of return.

2030 Impact

2030 Impact

By 2030, our ambition is to support customers inachieving carbon neutrality by reducing greenhousegas emissions by 6 million metric tons, helping
prevent nearly 10 million pollution-induced illnesses.

MT CO2e6M2023 performance

3.8M
MT CO2ein 2023

We helped customers avoid emitting 3.8 million metrictons of greenhouse gas emissions, preventing over 6
million pollution-related illnesses.
2023 Target

Combining expertise and innovation on the road to decarbonization

Click through examples to learn how we combine world-class solutions with personalized service to deliver energy and carbon savings. Estimated energy and emissions
savings for each application are based on a comparison with the historic performance of the technology replaced in the year the product was launch to market. Energy
savings are also based on global sales data and business growth related to each energy-saving technology alongside industry-specific assumptions.1
3D TRASAR™ Technology for CIP
Monitoring and optimization programfor clean-in-place systems

3D TRASAR™ Technology for Cooling Water
Holistic solution for cooling water
management, providing operational visibility
and actionable insights

3D TRASAR™ Technology
for Membranes
Total care reverse osmosis offering
for membrane applications

AdvantisTM FC Program
Low-temperature foam, spray andsoak cleaning solution for food andbeverage processing equipment

APEX™
Machine warewashing program
for the foodservice industry

Aquanomic™
Low-temperature laundry
program for laundries

Ecolab Dishmachine Program
Commercial dishwashers that reducelabor, energy and water usage

Ecoplant 360
Compressed air monitoring
and control network designed to
optimize utility operations

ExelerateTM
Specially formulated program for cleanin-place and clean-out-of place applications,
tough burnt-on soils and more

Nalco Water Boiler Treatment Technology
Comprehensive boiler water treatment
solution designed to mitigate scale andcorrosion of the boiler system

OxyGuard™ 40
Low-temperature laundry program forcommercial laundries

PARETO™ Mixing Technology
Optimizes delivery of process
chemicals for paper manufacturing

Pure ComfortTM
Mineral pool and spa designed tomaintain safe and balanced pools

ProTEX Plus
Laundry program tailored to theunique needs of food and beveragecommercial laundries

Sanitizing Wash ‘n Walk
Cleaner and sanitizer that provides
total management of floors anddrains in institutional settings

SMARTPOWER™
Foodservice warewashingprogram that combines innovative
chemistry with expert service

1

GHG emissions equivalency is determined using regional emissions factors from the International Energy Agency.

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ClimateFor over 100 years, Ecolab has led with purpose and an
intense focus on making a positive impact alongside ourcustomers. For us, this means being part of the solution
to combat climate change as a responsible operator.
We utilize a combination of tactics in line with sciencebased strategies that aim to reduce emissions in ourown operations, including increasing energy efficiency,
utilizing renewable electricity and electrifying our fleet ofservice vehicles. These pathways, among other initiatives,
are helping us make significant strides toward our netzero commitment. We do not currently purchase carbon
offsets nor have short-term plans to do so.

Increasing energy efficiency
Ecolab is actively expanding energy efficiency projects at
Ecolab sites across the globe and identifying net-zero pilot
facilities in strategic markets to help reduce emissions
within our manufacturing and business operations.
In 2023, we focused on continuous progress within ouroperations, completing process improvement projects
that reduced total energy consumption by almost 5.7
billion BTUs and emissions by almost 700 metric tons
CO2e.
Locations in Brazil, China, Finland, France, Germany, Italy,
the Netherlands, Spain, the United Kingdom and theUnited States implemented energy-efficiency projects in
2023. Efforts included installation of LED lighting, smart
lighting and electric equipment controls and destratifiers
to provide optimized indoor air conditions. Facilities also
optimized boiler systems and hot water operations,improved insulation and/or altered building temperature
settings to reduce energy consumption.

Environment

Our ApproachSocialGovernanceAppendix

Alignment and achievement against a 1.5˚C pathway
As we keep an eye to net-zero ambitions by 2050, we are making progress toward our 2030 checkpoint to cut
operational emissions by half. We anticipate renewable energy and electric vehicle investments in 2024 willcontinue to keep us ahead of pace as we do our part to limit global warming to 1.5˚C above pre-industrial levels.

600,000
Metric tons CO2e

Our pathway to reduce operational emissions

About

400,000

200,000
‘18

‘19

‘20
Actual

‘21

‘22

‘23

‘24

‘25

Target glidepath

‘26

‘27

‘28

Business as usual

Building momentum on the way to net-zero
2030 Impact

Reduce absolute Scope 1 and 2 GHG
emissions by 50% from a 2018 base year.

2023 performance

We reduced absolute Scope 1 and 2 GHG
emissions by 25% from a 2018 base year.
2023 Target

2030 Impact

50%
reduction

25%

reduction
through 2023

‘292030 goal

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Ecolab’s 2023 Growth & Impact Report

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About

Our Approach

Environment

SocialGovernanceAppendix

ClimateEmbracing renewable electricity
We continue to partner with renewableenergy producers in global markets tosource renewable electricity for our facilities
and are exploring more opportunities forrenewable energy applications, energy
certificates and subscriptions.
We partner with renewable energy producer
Clearway Energy Group through a virtual
power purchasing agreement (VPPA) tocover 100% of Ecolab’s annual electricity use
in the United States and Canada. In 2022,
we announced our partnership with asset
management firm Low Carbon on a VPPA
to source 100% of the electricity needs for
our European sites from the Mörknässkogen
wind farm on the west coast of Finland. This
project was completed in early 2024 andcombined, the two agreements allow us tosource nearly 80% of our electric powerfrom renewable sources.
Steady construction of on-site solar arrays
at a number of Ecolab facilities aroundthe globe help supplement site energy
requirements with renewable electricity. In
2023, on-site renewables helped avoid thegeneration of approximately 545 MT CO2e
and provide cost savings. For example,
two recent solar installations at our Darra
and Kwinana sites in Western Australia are
expected to generate annual emissions
savings of up to 550 MT CO2e moving into
2024 and beyond.

Electrifying our fleet ofservice vehicles
Our expert team of 26,000 sales-andservice associates drive to customer

Ramping up renewable electricity use
2030 Impact

2030 Impact

2023 performanceelectricity

Use 100% renewableelectricity.

locations each and every day. To help
them commute safely and sustainably,
we are transitioning our company-owned
fleet to electric vehicles (EVs).
Efforts to electrify our fleet in Europe are
well under way, specifically in countries
where EVs are promoted throughgovernmental investments. We have built
momentum particularly in the Nordics
region, United Kingdom, Netherlands
and Belgium and electric vehicles arepart of our standard car selector process
in Europe.

64% of our total
electricity usage isconsidered renewable.

100%
renewable64%

renewable
electricity
in 20232023 Target

The rate of expansion of electric vehicles
within our fleet in North America andbeyond continues to be significantly
influenced by availability of both electricand battery-hybrid vehicles, charging
infrastructure, battery range and cold

weather performance improvements. In
2023, we partnered with Ford Pro™ toaccelerate our North American EV fleet
transition with the aim to supply 100% ofsales and service associates in California
with electric vehicles by 2025.

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Environment

SocialGovernanceAppendix

Sourcing 100% renewable electricity inEurope to advance global clean energy goals

By sourcing the power producedby the windfarm, Ecolab now
covers 100% of the electricity
used across all its European
sites, including 15 major offices,
26 manufacturing facilities andseven research, development
and engineering centers.
energy sourcing levels to 80% andadvance us along our journey to 100%
renewable electricity by 2030. That’s wellahead of guidelines outlined by RE100,
a global corporate initiative focused onachieving 100% renewable electricity by
2050, of which Ecolab is a member.
This past year, Ecolab reached a major
milestone in renewable power with thecompletion of a windfarm project inFinland. With the addition of the newwindfarm, Ecolab now sources enoughrenewable electricity to cover 100% of theenergy needs of our European operations.
In 2022, Ecolab entered into a virtual
power purchase agreement with theglobal renewable energy company, Low

Carbon, to develop the Mörknässkogen
windfarm. Located on the west coastof Finland near the city of Vaasa, thewindfarm has a capacity of 30MW andwill generate up to 100GWh of electricity
annually. That’s sufficient to power
30,000 homes and avoid 20,000 MT
CO2e per year.
By sourcing the power produced by
the windfarm, Ecolab now covers

100% of the electricity used across all
its European sites, including 15 major
offices, 26 manufacturing facilities andseven RD&E centers.
The pursuit of renewable power playsa central role in Ecolab’s ability toachieve our sustainability goals, with thiswindfarm representing the latest stepin our journey. Our renewable power
initiatives bring Ecolab’s global renewable

Our holistic renewable energy strategy
encompasses projects across the globe.
In North America, Ecolab reached 100%
renewable electricity in 2020 through ourinvestment in a windfarm in Texas and alocal community solar garden project inMinnesota. And as the electrical grids inmajor markets become greener, Ecolab’s
virtual Power Purchase Agreements inNorth America and Europe account for thecompany’s transition to electric vehicles.

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Electrifying Ecolab’s North American
sales and service fleet by 2030
In 2023, Ecolab accelerated efforts toelectrify its North American sales andservice fleet through a partnership with
Ford Pro™. The collaboration began in
California, where Ecolab started working
with Ford Pro to purchase and deploy
more than 1,000 Ford F-150® Lightning®
Pro trucks and Mustang® Mach-E®
SUVs for its fleet. Ford Pro’s full suiteof charging and telematics software
will also help Ecolab maximize vehicle
performance and fleet productivity.
The electrification effort will expand
across California, and by 2025, Ecolabaims to update every vehicle used by
our Californian field associates to serve
customers each day. Once finished,
Ecolab and Ford Pro will have createdwhat’s anticipated to be the largest allelectric sales and service fleet
in California.
While electrifying more than 1,000
vehicles represents a major milestone,
it’s only the beginning. Following successin California, Ecolab will turn to the morethan 11,000 light-duty vehicles that makeup our North American fleet, targetingcomplete fleet electrification by 2030.
In going electric, Ecolab estimates that
we can reduce overall costs. Ecolab’s
financial models forecast a lower
total cost of ownership over the life

By converting toelectric vehicles,
Ecolab is taking
another crucial step
toward achieving our
net positive climate
impact and sustainablegrowth goals.

of the vehicles, compared to internal
combustion engine (ICE) vehicles. Thesesavings stem from reduced fuel costs,
lower service downtime and maintenancecosts, and continued advancements in EV
technology solutions. Additionally, an allelectric fleet cuts direct emissions fromvehicles, helping Ecolab make significant
strides toward our net-zero commitments.
We are showing that by doing what’s
right and doing it well, businesses canimprove profits, leverage renewableelectricity and deploy cutting-edge
EV solutions for the betterment of
employees, business and the planet.

Environment

SocialGovernanceAppendix47

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ClimateEngaging across our value chain
At Ecolab, we recognize that no one
organization alone will solve thechallenges presented by climate change.
It takes all of us working together tomove from net-zero commitments tomeaningful results.
That’s why we are collaborating with
suppliers to reduce absolute Scope 3
emissions by 25% from a 2022 base year
across a portion of purchased goods andservices, fuel- and energy-related
activities, upstream transportation anddistribution and use of sold products. Thistarget, currently undergoing validation by
the Science Based Targets initiative(SBTi), was introduced in 2023, withperformance tracking beginning in 2024.
Nevertheless, in 2023, we continued tobolster supplier engagement initiatives —including expectation setting andeducation — on climate, particularly with
suppliers that have a high impact on
Scope 3 emissions. We also continue topartner with CDP Supply Chain to collectdata on suppliers’ carbon targets,
inventories and primary emissions related
to Ecolab’s business portfolio. This data isused to monitor the progress of our
suppliers on their climate goals and is
integrated into our continuously evolving
Scope 3 inventory to increase accuracy.
In coming years, the CDP Supply Chain
survey will continue to be utilized as adata source for top tier suppliers, inaddition to individual supplierconversations. Direct supplier engagement

We are collaboratingwith suppliers to
reduce absolute
Scope 3 emissions by
25% from a 2022 baseyear across a portionof purchased goods
and services, fuel- andenergy-related activities,
upstream transportationand distribution, and useof sold products.
efforts are focused on suppliers bothlagging and excelling in sustainability,
particularly carbon reduction, as we lookto move our value chain forward on the
trajectory to net-zero by 2050.
We consistently train and promote our
supplier sustainability program internallywith our procurement teams andexternally through annual training sessions
with high-impact suppliers and publicationof supplier sustainability requirements on
Ecolab.com.

Evolving Scope 3
accounting methods

Aligned with industry best practices, weare continuously working to transform our
Scope 3 accounting tools andmethodology to allow us to decouple

Scope 3 emissions reporting frombusiness growth. This process will help us
understand our supply chain emissions
hot spots and monitor and incentivize
supplier climate progress as we strive to
reduce our Scope 3 emissions in line witha 1.5˚C pathway.
In 2023, using results from the CDP
Supply Chain survey, we continue tointegrate supplier data into the Scope 3

purchased goods and services category.
We remain committed to refining our
methodology for the use of sold products
category to include additional sources ofemissions. We also engaged supplierswith high impact on our emissions andexplored tools to refine data collection
processes for the purchased goods andservices and upstream transportation anddistribution categories.

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49

Transportation logistics initiatives
drive down emissions
Through innovation and a continuous
commitment to reduce our environmental
impact, Ecolab is on the road to achieving
net-zero emissions globally by 2050. A key
contribution to these efforts is optimizationof supply chain transportation, distribution
and logistics activities.

In 2023, Ecolab’s Supply
Chain team’s actions
impacted over 13 million
miles driven and over
16,190 metric tons of CO2
emissions avoided.
“Our team continues to innovate andoptimize our network to take miles off theroad and avoid greenhouse gas emissions
by manufacturing and storing our
products closer to the customer,
continuing our commitment to fuelefficient intermodal transport andadopting new technologies andprograms," said Ryan Hanson, Ecolab
Senior Vice President, North America
Supply Chain.
While the majority of 2023 reductions
were in Scope 3 emissions, as most
Ecolab deliveries are handled by external
third parties, significant savings havebeen realized in Scope 1 emissions
through the Nalco Water fleet of delivery
vehicles. Operational emissions will befurther reduced as Ecolab converts its
sales and service fleet to electric vehicles
through a partnership with Ford Pro™.
“We’re proud of the success we hadin 2023 and look forward to building on it
even more in the years to come,” Hanson
said. “I am also proud of our team andthe work they’ve done to deliver a
positive impact while continuing to
exceed customer expectations throughexceptional products and solutions.”

Highlights of recent Supply Chain initiatives andimpact reductions:
Miles saved

Metric tons of CO2
emissions avoided

9,700,000

12,200853,000450

through carrier innovations that optimize engine,battery and HVAC system performance to enhancefuel efficiency.

714,000

1,060

by moving product manufacturing closer to the customer.
This includes an aggressive program to insource
manufacturing of bulk raw materials rather than outsourcing
to contract manufacturers. In addition, a warehouse in
Canada was reopened to better service customers in
Newfoundland and we began shipping to customers in the
Northeastern U.S. from our plant in Canada.

360,000

560

through a reverse logistics program that reduced the
distance dishmachines were sent for refurbishing.

308,000

480

through enhanced inventory management andwarehouse optimization to enable more direct shipping
to customers.

262,000410

through a new policy to reduce expedited order requests.
Minimizing the number of rush orders has led to larger
standard orders and fewer customer deliveries.

53,00080

by reducing expired product waste and loss.

33,00050

by shipping several different product lines by railtransport, a more sustainable form of transportation
than Nalco Water fleet deliveries.

by converting to intermodal freight transport via rail fromover-the-road trucking wherever possible. Since 2017,
intermodal transportation mileage has increased by 230%.

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Climate action
Strategy and risk management
Climate-related issues are monitored by
the Chief Sustainability Officer throughour annual enterprise risk assessment,
periodic sustainability materiality
assessment, ethical and environmental
standards survey of performance inthe global supply chain and quarterly
management meetings with the
Sustainability Executive Advisory Team(SEAT) and the Corporate Sustainability
team. Climate-related risks are assessed
within our enterprise risk management
process and annual assessment ofsignificant business risks, which isaligned with recommendations of the
Financial Stability Board (FSB) Task
Force on Climate-related Financial
Disclosures (TCFD). Various laws andregulations pertaining to climate change
have been implemented, or are being
considered for implementation, at theinternational, national, regional and statelevels, particularly as they relate to the
production of GHG emissions. We support
a balanced approach to reducing GHG
emissions while sustaining economic
growth and complying with applicablelaws and regulations.

Climate-related disclosures
To demonstrate Ecolab’s resilience in theface of climate change to stakeholders,
Ecolab has continued its climate-related
risk and opportunity assessment inalignment with best practices of the TCFD.
Ecolab recognizes that climate change
poses potential risks and creates potential

opportunities to our organization. Thus,
we have taken steps to further identify
and assess the nature and magnitude ofthese risks and opportunities and develop
relevant adaptation and mitigation plans.
The threats and opportunities associatedwith climate change are dynamic innature. It is a long-term and uncertain
phenomenon which requires a responsethat considers how future risks andopportunities interact with businesstimescales as they evolve. To respond toclimate risks and opportunities, Ecolabaddresses climate-related mattersthrough governance, strategy and risk
management processes. This work
includes defining climate-related key
performance indicators and improving
data collection and management

to better inform scenario analyses
and understand the true scale of thepotential financial impacts from climatechange on Ecolab. We will continue ourefforts to assess additional climaterelated risks and opportunities, including
exploring our supply chain resiliency.
We will periodically review the resultsof our analysis and develop adaptationand management plans for any relevant
climate change risks and to further
benefit from identified opportunities
for customer impact. We report TCFD
disclosures, including a descriptionof our climate-related risks andopportunities, in our annual CDP Climate
Change submission.
See our TCFD Index for more information.

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Biodiversity
Our approach
At Ecolab, we have a longstanding
commitment to safeguarding biodiversity,
exemplified through our robust water
stewardship program, climate action
and consistent performance against
ambitious environmental targets. Our
Biodiversity Position confirms thiscommitment to operating in a way that
supports the protection of biodiversity in
our operations, and through our products
and services. We recognize that there
is an urgent need for society to operate
within our planetary boundaries to halt
and reverse biodiversity and nature loss.1
With the release of the Task
Force on Nature-related Financial
Disclosures (TNFD) final guidance andrecommendations in September 2023,
business and financial institutions now
have a framework by which to bringcritical nature components such as waterand biodiversity into decision-making.
Ecolab has been a supporter of TNFD
since its inception, and in 2023 we took
additional action to align with TNFD’s final
recommendations.

importance of continually monitoring
and assessing biodiversity topics to gain
a comprehensive understanding of any
potential impacts our activities may poseto local ecosystems and biodiversity. In
2022, we profiled the possible naturerelated risks of our top 25 sites by waterand energy consumption and production.

Ecolab conducted a refreshed materiality
assessment in 2022 and concluded thatbiodiversity, while crucial, is not presently
deemed a significant concern as ouroperations do not have a significant
impact on biodiversity in natural habitats
and we are not aware of any operations
that affect International Union forConservation of Nature’s (IUCN) redlist species or national conservation list
species. Nonetheless, we recognize theTo establish a more in-depth
understanding of how our operations
interface with nature, in addition to
examining our top 25 sites, in 2023 we
expanded the first iteration of our naturerisk profile to be inclusive of an additional
75 sites, which were determined based onwater and energy consumption, as well as
key business factors. We recognize theimpact any facility can have on local
ecosystems and believe that the1

Stockholm Resilience Centre

risk screening process has allowed us tofurther identify priority sites and locations
for continued focus and future action. To
date, we have reviewed and assessed 100
of Ecolab’s major operating owned assets
for nature-related risks.
As a result of the assessment, weestablished a clearer process fordetermining the materiality of nature
impacts and dependencies to these sites.
This includes how Ecolab is addressing
potential biodiversity impacts throughour commitment to obtaining Alliance for
Water Stewardship (AWS) certification for
Ecolab manufacturing sites located inhigh-risk watersheds. Our AWS certification
goal and achievements, as part of ourbroader Net Positive Water Impact, serve asa foundation to support place-based nature

action. We see water and biodiversity
efforts as going hand-in-hand as we do ourpart to preserve and protect nature.

Governance
The Safety, Health and Environment (SHE)
Committee of the Board of Directors has
oversight of many sustainability matters,
including biodiversity-related issues, as it
falls within the scope of environmental
matters that are part of the principal
responsibilities and duties of the Committee.
Ecolab’s Senior Vice President and Chief
Sustainability Officer leads Ecolab’s
Corporate Sustainability programand is responsible for the company’s
global sustainability strategy, including
biodiversity. See our TCFD Index for
more information.

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Biodiversity
Nature risk screening

We recently contributed to water
replenishment efforts through ProNatura
in San Bartolomé, Temascalapa near
Ecolab’s manufacturing plants in Lerma
and Cuautitlán Izcalli near Mexico City,
Mexico. Installation of a percolation pond
and reforestation of 20 hectares are
anticipated to result in replenishment of
26 million gallons (~98,000 cubic meters)of water each year over ten years.

Ecolab followed the initial steps of
the TNFD Locate, Evaluate, Assess,
Prepare (LEAP) process to determine theproximity and potential impact of direct
operations and key biodiversity areas(KBAs). A sector-based screening for
impacts and dependencies was
performed to better understand thecontext in which Ecolab operates
compared to the chemicals industry.
We utilized the Exploring Natural Capital
Opportunities, Risks and Exposure(ENCORE) tool to identify potential
sector- related impacts, of whichgreenhouse gas (GHG) and non-GHG
emissions, soil pollutants, waterpollutants, terrestrial ecosystem use andwater use were flagged as potentiallymaterial impacts for the chemicals sector.
We then further substantiated thepotential impacts on biodiversity byrunning sites through the World Wildlife
Fund (WWF) Biodiversity Risk Filter (BRF)
and focusing on proximity to KBAs. For
sites that registered a higher risk throughthe WWF BRF, we performed additional
spatial analysis leveraging data from theIntegrated Biodiversity Assessment Tool(IBAT) to determine site proximity to a
KBA.
For facilities in scope, we identified onesite that overlaps with a KBA and three
additional sites that fell within notableproximity to KBAs. These four sites havebeen identified for an even more rigorous
review based on their proximity and risk
scores generated by WWF BRF.

We are working to identify and better
understand if any material impacts on
local biodiversity or significant changes
to the conditions of the local freshwater
ecosystems have occurred withinproximity to these facilities and theiroperations through remote vegetation
monitoring. While our initial analysis
focused on sites presenting higher risk,
we recognize that additional sites may infact be in proximity to a KBA. We believethat any impact on nature is worth
further investigating and will continue
to focus on locating and evaluating sites
in alignment with the LEAP framework
as we refine our process and reportingaligned with the TNFD guidance.
While Ecolab operations are contained
within water-stressed areas, we strive
to avoid and minimize potential impacts
on local biodiversity. This is partiallyachieved through efforts to obtain
Alliance for Water Stewardship (AWS)
certification for priority locations as wellas partnerships with local communities
and non-governmental organizations.
Our foundational commitment to SHE
practices and performance at a site level
will additionally enable us to quickly
understand mechanisms that are alreadyaddressing potential nature-related
impacts such as air and water quality.

Adapting and regenerating natureand communities, together
Engaging partners, stakeholders andthe wider network of users operatingin shared watersheds is critical toprotecting the ecosystems in which we
operate. We are enabling nature-based
solutions alongside strategic partners
to regenerate and protect nature in andaround high-impact sites.

We also continue to fund the BonnevilleEnvironmental Foundation’s Business for
Water Stewardship effort to increase watersupply reliability in the Southwest regionof the United States through a systemconservation project with the Colorado
River Indian Tribes (CRIT). Of the project’s
total impact, Ecolab’s investment delivers
a volumetric benefit of 19.2 million gallons(~73,000 cubic meters) of water per year
over a ten-year period.
Ecolab continues to support ourpartnership with The Nature Conservancy(TNC) securing and restoring
environments and water sources aroundthe globe. Ecolab is a sponsor of TNC’s
Urban Water Blueprint which analyzes
the state of water in more than 2,000
watersheds and 530 cities worldwide toprovide science-based recommendations
to improve water quality. Work in 2023
included continued support of the Upper
Trinity River basin replenishment projectnear our Garland, Texas manufacturing
facility with the goal of conserving waterin the area up to 32 million gallons(~121,000 cubic meters) annually over five
years.

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Biodiversity
Below are additional, ongoing examples of our work highlighting impacts on nature protection,
adaptation, and regeneration through our partnership with The Nature Conservancy (TNC).

China Urban Water Blueprint | China
With Ecolab’s support, TNC made progress on groundbreaking work focused on sustainable
water systems in China. This included making headway on the development of source water protection
programs for the Dongjiang River Basin, the Qiandao Lake Basin and the exploration of a “sponge city”
program in Shanghai. These projects use nature to create a more resilient water system in regions across theglobe and will serve as critical demonstration sites, showing not only the physical connections between natureand cleaner water, but also how to engage stakeholders around a common purpose through innovative funding
and governance frameworks.
Ecolab also supported the development and publication of the China Urban Water Blueprint report, which analyzed thestate of water in China’s 30 largest and fastest growing cities, informing TNC China’s decision to start two new water
funds. The report offers science-based recommendations for natural solutions – including reforestation and improving
agricultural practices – that can be integrated alongside traditional infrastructure to improve water security for people
and nature. It provides a roadmap for action for water security through natural solutions, paving the way for new
partnerships and subsequent work on source water protection.

Minnesota Headwaters Fund | United States
Ecolab was an initial funder of the Minnesota Headwaters Fund, which began in 2014, to
support high-impact conservation projects to protect clean water in Minnesota’s lakes andrivers with a ten-year goal to protect 100,000 acres and restore 100,000 more acres, impacting
1.4 million people. Ecolab funding has helped directly protect 759 acres and influenced the protection on
76,000 acres along 100+ miles of shoreline in the Upper Mississippi River watershed. In addition, 409 acres and
8,600 feet of shoreline have been restored, 133,000 acres have been improved through management and 8,000
acres have been treated by wetland restoration. Most recently through our contribution, the volumetric water
benefit is estimated to be around 16 million gallons (~61,000 cubic meters). Our support has also helped The
Nature Conservancy leverage an additional $250M+ in public funds.

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Biodiversity
Loch Leven | United States
Within the Mississippi River Delta, the Lower Mississippi Alluvial Valley faces poor water quality and thepotential loss of three critical wetland habitats. Over 200 species of migrating birds rely on the wetlands during
their annual migration to the coast of the Gulf of Mexico while numerous other plant, wildlife and fish species
also depend on the critical habitat. In partnership with TNC, Ecolab supports the Loch Leven project, working
to restore and enhance 10,000 acres which provide critical refuge to the species that call the wetlands home.
The project also aims to provide 12.1 billion gallons (~46 million cubic meters) of flood storage capacity to local
communities. This surface water will provide a recharge supply to the severely depleted underlying alluvial
aquifer and community benefits in the form of drinking water, recreational services and continued water supply
for agriculture irrigation. Ecolab’s contribution to this work allows for a volumetric benefit of approximately 164
million gallons (~620,000 cubic meters) in the Upper Mississippi River Basin.

Water Fund of São Paulo | Brazil
Ecolab contributes to the Water Fund of São Paulo, an initiative deployed by TNC, to help with watershed
protection and reforestation to provide fresh, clean water for millions of people. Through the Water Fund,at least 220 hectares of forest land within the municipalities of Mogi das Cruzes and Salesópolis will beprotected, both of which are located within the watershed. Not only is Ecolab's investment expected to delivera volumetric benefit of approximately 29 million gallons (~111,000 cubic meters) of water each year for 10 years,
but it is also intended to maintain groundwater storage and recharge, surface water quality and abundanceand diversity of native plant species. Additionally, it is projected to maintain or improve carbon sequestration,
lending to enhanced climate adaptation and mitigation strategies and improved human health for up to 12
million people living in the area.

Monterrey Metropolitan Water Fund | Mexico
Since 2014, the Ecolab Foundation has supported TNC’s efforts to restore and conserve over 293 acres ofland in the Cumbres de Monterrey National Park, which provides over 60% of the Monterrey metropolitan
area’s water supply. These activities have been aimed at improving water infiltration, regulating water flow,
reducing flood risk and strengthening water security and climate resilience for communities in and aroundMonterrey. Furthermore, our collaboration has also produced a community tree nursery that supplies trees
for restoring the landscape and contributes to the livelihoods of local farmers. The nursery, launched in 2018,has the capacity to produce 60,000 plants per year. TNC worked to restore a total of 292 acres between 2015
and 2017, including 242 acres of soil conservation activities and 50 acres of reforestation across the project
area. The tree planting also helps with water filtration and flow of both surface and groundwater tocontribute to the benefit of 4.5 million people.

Our Approach

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Waste
Our approach
Ecolab is committed to implementing
circular economy principles, including
using materials and resources efficiently,
reducing non-hazardous and hazardous
waste in our operations, products
and packaging and increasing reuse
and recycling. Our commitment is
operationalized through our Waste
Management Policy, which establishes
minimum waste management requirements
and helps ensure responsible and legal
practices for waste generation and disposal.

Practicing responsible waste
disposal processes
Ecolab's Waste Management Policy
focuses on a hierarchy of controls aswell as guidance for waste minimization,
proper waste storage and internal
audits. Aligned with our Total Productive
Maintenance (TPM) approach, we havedeveloped new tools for waste loss
analysis and site-level risk assessments
which embody Ecolab’s continuous
improvement initiatives that are woven
through our sustainability programs.

Ecolab is committed to
implementing circular
economy principles, including
using materials and resources
efficiently, reducing nonhazardous and hazardous waste
in our operations, products andpackaging and increasing reuse
and recycling.

For example, Ecolab recently invested ina state-of-the-art wastewater treatment
plant at our facility in Châlons-enChampagne, France. The new wastewater
treatment station uses water reusetechnology supported by Nalco Water,
Ecolab’s water and process managementbusiness, to reduce water discharge to thecity sewer network by almost 80%.
Facilities in Ecolab’s supply chain
generate the majority of waste frommanufacturing processes. Additional
waste generated includes packaging
materials, expired product, expired raw
materials and product that is deemed outof specification. Ecolab has procedures tominimize waste generation by evaluatingproducts that are determined to be out ofspecification so that they may bereformulated, if possible. We also employ
procedures for the return of products
from customers for potential rework andresale if the product meets specified
guidelines and regulatory requirements.
Ecolab global supply chain facilities mustverify that wastes are sent to disposal
facilities that are licensed by local
government agencies. Ecolab Global
Supply Chain has a policy requiring
facilities operating in locations with nolocal discharge requirements to meet thefollowing criteria: pH between 6.0 – 9.0

s.u. and no color, foam, oil sheen or
floating solids. These requirements wereadopted from the U.S. Environmental
Protection Agency (EPA) Multi-Sector
General Permit (MSGP) for industrial
stormwater discharges.
Ecolab has service agreements with wastecompanies that manage waste on Ecolab’s
behalf. We have a robust internal process
to qualify our waste disposal facilities,
which are then approved by the Safety,
Health and Environment department.
For more detailed data on our waste
practices, see the Performance data
appendix.

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Product safety and sustainability
Our approach
Ecolab is on a continuous journey
to be a leader in product safety andsustainability. We have developed
policies and programs to prevent or
reduce human and environmental
exposure to chemical products througha holistic engineering approach which
includes chemistry composition, format,
packaging, dispensing and digital
control systems.
We continue to leverage our Impacts that
Matter framework that aligns with eight,
science-based and measurable productsustainability criteria. Impacts that Matter
is a natural extension of our Exponential
Return on Investment (eROI) value
platform and allows Ecolab customers
to make informed choices based on
the outcomes products have on theirteams, customers and the environment.
Providing key product information
through the Impacts that Matter
framework helps explain and measure
the impacts of Ecolab solutions. The
technical information supporting productattributes is backed by our enterprisechemical management database andaligned with principles of safe andsustainable by design criteria put forth
by the European Commission.

Promoting human healththrough product safety
We are committed to safety in ouroperations and developing productsthat are safe for our customers and theirintended application. Ecolab’s productsafety and stewardship program isfoundational to the commitment todeveloping products and solutions
that solve customer problems, while
protecting the environment andpromoting human health. This program isbrought to life through Ecolab’s Product
Safety and Stewardship Position.
Ecolab has a long-standing historyof implementing both hazard andrisk assessment tools in our productdevelopment processes and we use
a precautionary approach, meaning
we strive to protect human health andthe environment even in the absenceof scientific certainty or regulatory
requirements.

Assessing products for risks
100% of Ecolab’s raw materials andproducts are evaluated for compliancewith applicable regulatory requirements
and assessed by the Regulatory Affairs
and business teams for human andenvironmental hazards using GHS andOrganization of Economic Co-operation
and Development (OECD) standards.
To thoroughly assess ingredients, we
review publicly available information from
reputable sources such as the UnitedStates Environmental Protection Agency(EPA), United States Agency for Toxic
Substance and Disease Registry (ATSDR),
World Health Organization (WHO) andEuropean Chemicals Agency (ECHA).
We also require chemical ingredientsuppliers to provide Safety Data Sheets(SDS) and technical datasheets to enableproper handling and classification of ourmaterials and products.

For select products, we conduct
additional testing to validate any
pertinent hazards identified in products or
product ingredients and assess potential
substitutions. When substitutions are nottechnically viable, engineering controls
and appropriate personal protective
equipment (PPE) are required for productuse. Product risks are also proactively
evaluated by multiple groups within
Ecolab including Regulatory Affairs,
Corporate Sustainability, Toxicology,
Industrial Hygiene and Transportation
and Package Engineering. Ecolab’s
Global Innovation Product Regulatory
team reviews new products for humanhealth and environmental impact. If risks
are identified, appropriate mitigation
measures are implemented.
One mechanism used to assess risks in
our chemical portfolio is through ourparticipation in the Chemical Footprint
Project. We also use customer feedback
from field representatives’ interactions
with customers and customer input
received through our technical callcenters or third-party health and safety
call centers to continuously assess our
products. These processes inform our
final product safety analysis and SDSs
for all Ecolab products.

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MATTER

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Our Approach

Environment

SocialGovernanceAppendix

An outcome based assessment of product sustainability
Product sustainability is a key aspect of how our programs impact people and the planet, in addition towater, energy, climate impacts and waste metrics. The Impacts that Matter product sustainability framework
was developed using best-in-class scientific standards to be universal criteria that can be used to compare
any product, anywhere in the world.

Human healthRequires no personal
protection equipment (PPE)
Requires no eye, hand, skin, or
respiratory personal protective
equipment when used as directed
per Global Harmonized System(GHS) classifications. Simplifies
training employees on
safe, effective use andhandling. Creates
positive staff andoccupant perception.

Simplified
product use
Available in a package designed toreduce exposure to the concentrated
chemical under typical use conditions
making the product easier to handle,
store and deliver.

Fragrance
safetyProduct is fragrance free or contains
a fragrance compliant with
International Fragrance Association(IFRA) safety standards. Fosters
peace of mind for user andcomfort for occupant.

Low volatile organic
compounds (VOC)
Minimizes air impacts due tovolatile organic compounds.
Contains no more than 10%
volatile organic
compounds, and/or
complies with California
Air Resource Board(CARB) guidelines per the
product category.

Environmental safety
Biodegradable whenused as directed

Not toxic to aquatic life
when used as directed

Product is designed for low impact tothe natural environment and isclassified as readily, ultimately or
inherently biodegradable at use
solution levels.

Product is not toxic to aquatic life whenused as directed, reducing potential
environmental hazard during waste
discharge.

Product contains noor low phosphorus
Minimizes nutrient pollution inaquatic environments from
phosphorus.

Reduced waste
and carbon footprint
Concentrated products, requiring dilution
with water prior to use, reducepackaging waste and carbon emissions
due to transportation.

Eco-certifications
In addition to our Impacts that Matter criteria, Ecolab provides subject matter expertise toboth government and non-governmental organizations in the development of product-leveleco-certification standards. Where it meets our customers' needs, we obtain
eco-certifications for our products.

Currently, more than 250 Ecolab products are recognized byeco-certification bodies including:• Green Seal
• Nordic Swan
• Korean Ecolabel• EU Ecolabel• Blue Angel• USDA Biobased• EPA Safer Choice and Design for the Environment

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About

Our Approach

Environment

SocialGovernanceAppendix

Product safety and sustainability
Classification and labelingof chemicals
100% of Ecolab chemical products arereviewed for appropriate ingredientdisclosure and accurate use andapplication instructions. We follow
the GHS criteria for classifying
chemical ingredients and products
and communicating product safety
information. Ecolab has implemented
GHS globally with over 95% of our
products meeting the GHS standard andnearly 200,000 Safety Data Sheets (SDS)
issued annually in approximately 74
different country-specific templates and49 languages.
Additionally, safe-use and disposal
instructions are included on the productlabel and/or through our sales-andservice associates. 84% of Ecolab
products have GHS category 1 and/or
2 warnings on the product due to ourcommitments to minimize our carbon
footprint and packaging waste using
concentrated products. However, whenused as directed, this percentage drops
significantly, particularly across our
Institutional North America portfolio,
where over 75% of our products do
not require personal protective
equipment. Ecolab has also innovateddispensing systems which prevent
contact with concentrated chemistry tominimize risk.

Chemical management through theChemical Footprint Project
We continued our participation in
the Chemical Footprint Project (CFP)in 2023, which measures businessprogress toward safer chemicals andprovides a tool for benchmarking
companies as they select safer
alternatives and reduce their use ofchemicals of high concern. Ecolab
completed this comprehensive
benchmarking survey globally, included
all business units in the evaluation andreported our performance to the CFP.

Protecting planet, people andbusiness health through productsustainability
Our Product Sustainability Position
formalizes our commitment toincorporating our focus on protecting
people and the resources vital to life inevery aspect of our products. Our ProductSustainability and Regulatory Affairs
teams closely partner to implement ourinternal Chemical Product Ingredient
Sustainability Policy across ourbusinesses, globally.
We are members of several industry
initiatives and actively use industry
benchmarking tools to guide best practices
for product sustainability, including:• Globally Harmonized System ofClassification and Labeling ofChemicals (GHS)• European Safe and Sustainable by
Design criteria in alignment with theChemical Strategy for Sustainability• Chemical Footprint Project• Chemsec• The American Cleaning Institute• A.I.S.E. Charter for Sustainable Cleaning• RecyClass

By 2025, we plan to provide transparency
to product sustainability impacts likegreenhouse gas emissions and water use,biodegradability, and aquatic toxicity. In
2023, we advanced our progress toward thisgoal through enhanced transparency to our
products’ sustainability attributes, including
carbon footprint and packaging waste.

Ecolab’s product sustainability program
establishes the basic principles to help
ensure human health and environmental
sustainability is embedded into every
aspect of the life cycle of our products.

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Our ApproachSocialGovernance59

Appendix

Product safety and sustainability
Product sustainability principles
embedded throughout Ecolab's productlife cycle include:

OD

U

End of life
Prioritizing circular economy principles
when developing strategies for the proper
disposal or reuse of products andpackaging at the end of their life cycle.

1Estimated by weight of chemical raw materials sourced by Ecolab, globally.

USE

Use phase
Delivering exponential outcomes forcustomers and communities through eROI
to improve performance, increase
operational efficiency and enhancesustainability impacts. For more
information: eROI | 2030 Customer Impact

USE PHASE• CHEMISTRY• PACKAGING• EQUIPMENT• DIGITAL

G RE

Logistics & transportation
Designing products for transport
optimization via concentration andpalletization patterns. Our logistics
network across multiple locations
minimizes transport distances andutilizes pool points to ensure full truck
loads. For more information: Supply
chain initiatives to drive down emissions

PRODUCT DESIGNPORTFOLIO MANAGEMENT

GIN

Manufacturing
Optimizing manufacturing processes tominimize water and energy consumption,
waste generation and exposure toharmful substances while utilizing
renewable energy sources to reduce ourcarbon footprint. For more information:
Water | Climate

KA

Material sourcing
Striving to ethically source raw materials
and prioritize use of ingredients with lower
environmental impacts. We are expanding

END OF LIFE

C
PA

Product design
Developing products that incorporate
circular economy principles andminimize product environmental
footprint. Considering human healthfactors during design through closed
loop dispensing and minimizing use of
personal protective equipment, where
feasible. Minimizing virgin plastic
demand through the reduction, reuse
and recycling of packaging materials. For
more information: Impacts that Matter |Product design | Packaging design |Reducing plastic packaging to minimize
environmental impact and costs

PR

IDEATION&

Portfolio management
Going beyond regulatory compliancethrough implementation of our Chemical
Product Ingredient Sustainability
Policy, which sets our global ingredientstandard. For more information:
Portfolio management

Ecolab's productlife cycle

CT

Ideation
Pursuing innovation that maximizes
business outcomes at a high rate of returnfor our customers while making a positive
impact on water, climate, food and health.

naturally derived raw material sourcing tofurther integrate circularity principles into
our procurement strategy; currently 6% of
Ecolab’s raw materials are fromrenewable sources.1 For more
information: Ethical Sourcing Standards |Conflict Minerals Policy

DISPOSALFoundations of productsustainability at Ecolab

LOGISTICS,
DISTRIBUTION &TRANSPORTATIONMANUFACTURING

MATERIAL
SOURCING

Supporting product sustainability pillars
Transparency and disclosure
Providing clear, transparent productinformation to customers andstakeholders, including product carbon
footprint (PCF) and Impacts that Matter.
Supply chain engagement
Collaborating throughout our supply
chain to help ensure responsible andsustainable practices are followed bysuppliers and partners. As recognitionof our efforts, we are included on
CDP’s 2023 Supplier Engagement
Leaderboard.
Continuous improvement
Engaging with governmental andindustry initiatives and actively using
benchmarking tools to strengthen our
product sustainability best practices.

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Our Approach

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SocialGovernance60

Appendix

Product safety and sustainability
Ecolab’s products and operations are
regulated by numerous different laws
globally, including the European Union(EU) Substances of Very High Concern(SVHC) regulations in our European
products and operations.
Our Position on European Union
Substances of Very High Concern
describes incorporation of the SVHC
Authorization List into our internal
Chemical Product Ingredient
Sustainability Policy in support of ourtarget to eliminate the remaining
products which utilize these chemistries
in our global portfolio.
By 2030, Ecolab will transition away fromEU SVHC Authorization listed substancesin our global chemical portfolio.1 Ecolab
will take a scientific risk-based approachto evaluate biocidal actives under the
Biocide Product Regulation (BPR) andsubstances proposed for inclusion in
future revisions of EU SVHC Authorization
List. Ecolab's European chemical
portfolio complies with the EU REACH
regulation and all applicable sunset

By 2030, Ecolab willtransition away fromEU SVHC Authorization
listed substances inour global chemical
portfolio.1

dates for SVHC Authorization listed
chemistries.
In 2023, just 0.35% of Ecolab's annual
revenue was from products containing EU
SVHC authorization listed substances.
Throughout 2023, we continued toprogress on our ambition through thefollowing actions:• Prohibiting development of new
products containing SVHCs1• Obsoleting low-volume or lowbusiness value formulas containing EU
SVHCs Initiating research anddevelopment projects to substituteingredients with preferable alternatives
that demonstrate equivalent or
improved performance1• Engaging with strategic supplierpartners to identify alternatives andreformulate business-critical materials• Where a replacement technology
gap exists, establishing projects andpartnerships to define global
alternatives• Initiating research and development
projects to substitute ingredientswith preferable alternatives that
demonstrate equivalent or improved
performance• Increasing visibility andengagement within divisional
leadership through internalreporting processes

Product design
Ecolab designs products for maximum
positive impact. The primary objective
is to help customers achieve significant
sustainability, safety and productivity gains
in their own operations, while minimizing
the footprint of the delivered product.
Ecolab prohibits developing new productsthat contain SVHCs through internal
new product introduction and regulatory
scorecards in alignment with Ecolab’s
Position on European Union Substances ofVery High Concern. Ecolab promotes
developing new products which arebiodegradable, reduce or eliminate theneed for personal protective equipment, arefree of hazard classifications and reduce
waste during manufacturing and logistics.

Additionally, the product selection tool
incorporates physical hazards, human
toxicity and environmental toxicity factors.

0.40%(i) EU SVHC Authorization listed CAS substances (01/2024 revision) intentionally added to Ecolab products above REACH's reportable concentration of 0.1%.
(ii) Transition away is defined as Ecolab impacted chemical product sales equal to <0.05% of Ecolab's total annual revenue.

1

Ecolab recently created a digital substanceselector tool to empower Ecolab
research,development and engineering
teams to readily consider the hazard profileand compliance aspects of raw materials
and substances. The tool is aligned with the
EU Green Deal’s Chemical Strategy for
Sustainability and screens substances
against:• Ecolab’s internal Chemical Product
Ingredient Sustainability Policy• European Substances of Concern• ChemSec SIN List
• Select regional regulatory chemical lists

Alignment and achievement against SVHC
authorization list ambition
Ecolab revenue (%)

Portfolio management

0.30%
0.20%
0.10%
0.00%

2023

2024

2025

Actual

2026

2027

2028

2029

Target glidepath2030

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Environment

Our ApproachSocialGovernanceAppendix

61

Product safety and sustainability
Packaging design
Ecolab has continuously improved our packaging designs to minimize
waste and safely deliver best-in-class experiences for our customers.
Our commitment to excellence in packaging design is supported bya global team of more than 50 packaging professionals, including
engineers, materials scientists, analysts and technicians.

Reuse
Containers
are washedContainers
are refilled

REUSE

By 2030, our ambition is to have moved toreusable or recyclable by design packaging
for non-regulated products.
Currently, 91% of Ecolab’s packaging by weight is reusable or recyclable
by design. And, aligned with circular economy principles, Ecolab
continues to deliver virgin plastic resin avoidance. In 2023, Ecolab
avoided 14.5 million pounds (~6,500 metric tons) of virgin plastic resin,
representing 17% of Ecolab’s total plastic packaging by weight .1

Virgin plastic resin avoidance

We institute a packaging reuse program and purchasereconditioned plastic drums and intermediate bulk
containers (IBCs) to lengthen the usable life of
packaging products.
Up to 99%
plastic reduction

REDUCE

Ready forcustomers to use

Empty containers
are picked up

Containers
based on
PCR

Highly concentrated
products are delivered

18
Packaging material weight(in million pounds)

16

RECYCLE

14
12
8
6
4

Recycle

2
0

2020

2021

2022

2023

PCR resin incorporated
Reconditioned plastic packaging
Reused packaging
1

Metrics reflect Ecolab’s activity in North America, Europe and Greater China

ReducePlastic minimization andconcentrated product alternatives
with lower plastic packaging
requirements help avoid use ofvirgin plastic.

Containers are
shredded

10

Empty containers
are picked up

We incorporate Design for
Recyclability principles into ourdesigns and post-consumer
recycled (PCR) materials into
packaging.

See an example of innovation at
work:
Reducing plastic packaging tominimize environmental impact
and costs

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Our Approach

Environment

SocialGovernanceAppendix

Reducing plastic packaging to minimize
environmental impact and costs
When it comes to our products andsolutions, Ecolab is committed tomaximizing our total impact to benefit
people, planet and business health. One
facet of these efforts is finding ways tosteadily reduce the amount of virgin plastic
in our product packaging.

In 2023, Ecolab avoided
14.5 million pounds ofvirgin plastic use.
more than 423,000 one-gallon plastic
milk containers or nearly 3,000 new
55-gallon plastic drums. The lighterweight plastic packaging is also reusable
and recyclable, as is the case with thestandard weight plastic design that
Ecolab has used for many years.

In support of these efforts, the Ecolabprocurement team initiated a project toimplement lighter-weight 55-gallon plastic
packaging configurations to enhancesustainability and achieve cost savings.
Through a reduction of virgin plastic
weight and a shorter transportation routefor the new plastic packaging, Ecolab wasable to achieve both objectives. The effort
also led to a significant reduction in theuse of high-density polyethylene (HDPE)
virgin plastic resin.

The testing process
Ecolab uses 55-gallon plastic packaging todeliver products to customers and evensmall reductions in weight can haveoutsized impacts given current volumes.
Any deviation in packaging design isthoughtfully and robustly tested to ensure
the same level of safety and performanceas preexisting packaging. Packaging
changes also must conform to current
filling and sealing production equipment. A
comprehensive engineering and testingprocess was conducted to qualify theperformance of the new, lighter-weightpackaging, which was approximately one
pound less than the previous packaging
configuration, for a 5% weight reduction
per unit. The testing included running
full truckloads of Ecolab products
during a normal production cycle at apilot location in North America. After
successful trials, the program was
expanded to two additional sites andtoday, the lighter-weight packaging has
been fully integrated into Ecolab’s North
American operations. With this change,
approximately 10% of Ecolab’s 55-gallon

packaging has been converted to thelighter-weight design.

Small changes driving big impact
As a result of the lighter-weightpackaging project’s implementation,
Ecolab will avoid the use of over 56,000
pounds of HDPE virgin plastic to support
industrial customer needs in Food &Beverage, Textile Care, Industrial Water
Treatment and other market segments.
The savings are equivalent to the amountof plastic it would take to produce

In addition to HDPE virgin plastic material
avoidance, the project resulted in the
reduction of 40 metric tons of plastic
manufacturing greenhouse gas (GHG)
emissions, along with a 78% reduction
in inbound transportation related GHG
emissions. The GHG emissions reductions
were due to the reductions in plastic
weight and a shorter transportation route
between the new packaging manufacturer
and Ecolab manufacturing locations.
The success of this program exemplifies
Ecolab’s commitment to product andpackaging innovation to reduce ourplastic footprint while continuing tomaintain the highest standards of quality
and safety in the products that we
provide to our customers.

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Working together tostrengthen our community

Our 48,000 associates, which include 26,000 sales-andservice professionals providing on-site services for customers,
bring ingenuity and resourcefulness to produce positive outcomesfor people, businesses and the planet.
We operate with concern for the well-being of all people, andvalue diversity, equity and inclusion in business and in all facets ofwork and life. This is reflected in how we attract, hire, develop andpromote people, create a respectful and inclusive workplace andstrive to enrich and strengthen our communities.
And our commitment to the health, well-being and safety of ouremployees, contractors, customers and customers’ customers
remains uncompromised — it informs the way we operate, theproducts we develop, the programs and initiatives we support, toenhance the quality of life where we work and live.

About

Our Approach

Environment

SocialGovernanceAppendix63

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SocialGovernanceAppendix

Talent management
Our approach

Talent management processes

We believe the best teams foster a cultureof belonging. To create these teams, we
strive to hire and value people with uniquebackgrounds and experiences, provide
an environment where all associates aresupported and encourage our associates
to reach their full potential.

We closely monitor the health of ourtalent, strengthen our talent pipelinesand drive accountability for continuous
improvement. We have ongoing CEO-ledreviews of talent and pipeline health andreports with talent and diversity metrics
are provided to top management monthly.
Talent Council meetings for each business,market and function are typically held
monthly to review talent development
and discuss strategic talent initiatives.
Additionally, annual talent reviews are
conducted with senior executives to lay
out succession plans for leadership andother key roles. This talent assessment
process supplements the annual
Performance Planning and Development
process to ensure we proactively attract
and retain top talent in order to meet theneeds of our growing global organization.

We believe a world of opportunity can befound within our growing company andthat people develop through experiences.
To allow for this development, we strive tocreate new opportunities within existingroles, provide resources to aid skill
development and encourage associates
to seek internal growth experiences tofurther their professional development.
We believe delivering results anddemonstrating teamwork drive
advancement – both for individuals andfor the company. To support this belief,
we expect our associates to strive tooutperform their role and deliver theirbest, reward and accelerate the careersof our top performers and recognizethat our entire team contributes toour success.

Hiring Practices

Senior management in our markets
We understand that having talented
members from the local community
on our senior management teams

enhances human capital, improves ourability to understand local needs andbrings positive economic impacts to
our local communities. As a company
headquartered in the United States,
most senior managers based in the U.S.
are hired from the U.S.

Global turnover

To track the proportion of senior
management hired from the local
community within our other significant
markets, we use the following
definitions:
1. Senior management is defined as
positions that report directly to themarket lead
2. Hiring from the local community
means within the major markets
outside of the U.S. in which we
operate, including Asia Pacific,
Europe, Greater China, India, Middle
East and Africa and Latin America
3. Significant locations of operations aredefined as our manufacturing facilities
and operation centers within themarkets in which we operate

Outplacement services

Proportion of senior management hired in
2023 from the local community in major
markets outside of the United States

In 2023, we hired 8,365 new employees,
globally. Based on the average numbere
R gionof employees in each market, our global
combined new hire rate in 2023 wasAsia Pacific17.4%, with a 38%
internal
fill
rate.
For
e
Europ
more detailed data, see the Performance
Greater China
data appendix.
India, Middle East and Africa
Latin America

%
100%
100%
100%
NA
67%

Based on the average number of
employees in each market, our global
combined turnover rate in 2023 was
15.8%, of which 10.7% was voluntary and5.0% was involuntary. For more detailed
data, see the Performance data appendix.

Ecolab offers a comprehensive, global
outplacement service to employees in theevent an associate must transition out of
employment with Ecolab. Services offeredvary by country and level of employee, but
examples include resume and interview
preparation, career coaching and accessto career fairs, job postings and a digitaltalent exchange. In the U.S., severance
packages based on years of service
are provided in circumstances in which
employment is involuntarily terminated.
Employees and their immediate families
may maintain their medical and dental
benefits, group life insurance and accessto the Employee Assistance Program
through their severance period.

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About

Our Approach

Environment

SocialGovernanceAppendix

Talent management
Benefits
Ecolab provides market-competitive
benefits based on country-specific needs
and government requirements. While
our benefits packages vary by market,
they are all designed to attract top talentand build long-term associate loyalty.
All United States employees scheduled
to work 20 hours or more per week are
eligible for Ecolab’s benefits package
which offers associates medical anddental coverage, wellness and employee
assistance programs, life and travel
accident insurance, parental leave andadoption assistance, disability coverage,
an employee stock purchase plan, pension
plan and retirement savings plans.
Temporary workers, who account for lessthan one percent of our total workforce,
including interns, co-op and seasonal
employees, are excluded from the benefits
package.

Retirement planning
Ecolab offers retirement benefits
amounting to greater than 9% of totalcompensation to support employees
in preparing for a financially secure
future. Our 401(k) Savings Plan offers
company match, pre-tax and Roth aftertax contribution options and a variety ofinvestment funds. All contributions are
immediately vested, and participants
are provided with complimentary,
personalized planning and advice. In 2023,
80% of Ecolab employees participated.
For our company match program, Ecolab
contributes $1 for $1 on the first 4% of
eligible compensation and $0.50 for each

(ESPP) provides employees with theopportunity to own Ecolab stock with
employer-matching contributions. Ecolab
contributes $0.15 for every$1 contributed by an employee, witha maximum annual match of $900.
Employees may contribute monthly up to$6,000 of their annual pay throughpayroll. There is no waiting period toenroll, and employees may change
payroll deductions or sell stock at
any time.

Parental leave$1 contributed on the next 4%, subject to
IRS limits. The maximum match is 6% ofcompensation if an employee contributes
8% of their pay. For contributions,employees may contribute from 1% to 50%
of pay up to the IRS limits with pre-tax and/or Roth after-tax contributions.
U.S. Retiree Health Benefits provide
employees aged 55 and above with at leastten years of service, or aged 62 and above,with access to retiree health benefits,
including medical, prescription, dental andvision coverage following retirement.

Life insurance and disability benefits
To support employees’ financial wellbeing and peace of mind, Ecolab provides
protection for their families in the event ofpremature death or being out of work foran extended period due to serious illness
or injury. The premium is fully paid by
Ecolab for life insurance coverage equal
to one-year annual base salary or wages,
with the option to purchase additional

life insurance coverage through payroll
deduction. Ecolab provides 100% pay
continuation for the first six months ofshort-term disability leave and 60% of pay
in Long-Term Disability (LTD) insurance
coverage after 180 days of disability (orend of STD) with the premium fully paid
by Ecolab. Employees have the option topurchase an additional 10% LTD coveragethrough payroll deduction for a combined
70% LTD benefit.

Pension plan
The Ecolab Defined Benefit Pension Plan
offers a 3% cash balance benefit fully paid
by Ecolab. Employees are automaticallyenrolled, and contributions are fully
vested after three years of continuous
service. Employees are also provided withresources such as self-service pension
estimates, a full-service call center and an
intranet site with tools and information.

Employee stock purchase plan
The Employee Stock Purchase Plan

Under our U.S. Paid Parental Leave Policy,
Ecolab offers six weeks of genderneutral paid parental leave for all U.S.
employees within 12 months of the dateof birth or adoption of a minor child. For
birth mothers, this is in addition to six toeight weeks of pay granted immediately
after the birth of their child. In 2023, 569
employees – 427 male and 142 female –utilized this offering with 98% of male and
98% of female employees returning towork at the end of the leave. In 2023, 79%of male and 71% of female associates
were still employed 12 months after theirreturn to work. Globally, parental leaveand time away are handled per eachcountry’s local laws on time away fromwork. In some regions, there are additional
programs to support parents before andduring parental leave, and upon return towork. We offer lactation rooms for nursing
associates at all of our physical locations.
In the U.S. we partner with Milk Stork, tooffer airline-approved cooler totes andovernight cold-shipping services fornursing associates when traveling.

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Our Approach

Environment

SocialGovernanceAppendix

Talent management
Flexible work
Ecolab establishes a standard workweek,
work schedules, rest periods, meal breaks
and attendance expectations for all
employees in accordance with state andlocal employment laws. Formal alternative
work arrangements are available to all
associates and includes flextime, parttime, job sharing and altered workweek
schedules. Everyday flexibility is amore informal arrangement that allows
associates to address situations andmeet personal and family needs thatoccasionally arise.
FlexWork is a part of Ecolab’s culture,
helping work get done effectively, given
the challenges our associates face inbalancing the many facets of life. We
have a hybrid work model that allows
associates, who are able to do part of theirwork remotely, the option to work up to
40% of the time remote with the balancespent in office. For additional flexibility,
associates can work up to two weeks
fully remote per year. The hybrid model

balances the importance of in-person
collaboration with remote work flexibility.
We strive to promote an environment ofphysical and mental health and wellbeing. We offer employees wellness
challenges and on-site biometricscreenings. In addition, those on our
medical plans are eligible for discounts
at health clubs and on sports equipment,
virtual exercise programs and access tohealth and nutrition coaches. Our larger
locations also have access to fitness
centers and walking paths. Cigna
Confide, Ecolab’s employee assistanceprogram, offers a variety of tools andresources to assist with workplace stressmanagement, either through face-to-facecounseling, digital tools and resources,
seminars or webcasts. We also offer
manager training classes to help identify
and assist with employee stress.
Additionally, we provide resources tohelp our associates manage life outsideof work. Offerings include discounts

for childcare and tutoring as wellas access to caregiver search tools withover six million providers in the areas ofchildcare, eldercare, pet care andhomecare. We also partner with PerkSpot
to provide associates access tothousands of discounts in more than 25
different categories.
We have vacation policies in accordancewith national and state regulations in
all countries in which we operate. As acompany headquartered in the UnitedStates, our U.S. vacation policy offersa minimum of 12 paid vacation days tofull-time employees. In the U.S., we havesix standard company holidays as well as
three or six floating holidays, dependingon an associate's role, so employees
can take time off on the holidays thatare important to them. We offer sick timein accordance with national and state
regulations in all countries in which we
operate. As a company headquartered in
the United States, our U.S. Health & Safe
Time policy offers six paid days of sicktime to full-time employees.

by the law. Terms and conditions of
employment for other employees are notbased on collective bargaining
agreements of the company orother organizations.
We respect that freedom of association
is a fundamental right and recognize theright to collective bargaining as statedin the International Labor Organization(ILO 1998 Declaration on Fundamental
Principles and Rights at Work. We adhere
to applicable national laws that govern
employee rights to exercise freedom of
association and collective bargaining.
Globally in 2023, 14% of our employees
were covered by collective bargaining
agreements, of which 7% were based in
the United States.1

Labor relations

We have two U.S.-based collective
bargaining agreements covering 2.2%of our total U.S. workforce. For these
agreements, a minimum of 60 days’ noticeprior to the contract end date is required
to propose changes to the agreements. All
collective bargaining agreements containa specified notice period and provisions
for consultation and negotiation.

Ecolab respects the principles of freedomof association and the right to collective
bargaining in accordance with applicablenational law. Our Position on Freedom of
Association recognizes an employee’s
right to form or join a labor union, orto refrain from doing so, without fearof reprisal, intimidation or harassment.
Where employees are represented by alegally recognized labor union, we fulfill
our bargaining obligations as defined

We adhere to U.S. National Labor
Relations Act and other applicable laws
to support employee rights to exercise
freedom of association and collective
bargaining. We have not identified any
U.S.-based operations at which freedomof association and collective bargaining
have been violated or at risk. We areunable to report on violations or risks ofour suppliers.

1

Percentages excludes casual, co-op, apprentice, intern, and temporary associates

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Our Approach

Environment

SocialGovernanceAppendix

Talent management
Pay equity
Ecolab has a market-competitive andperformance-based pay philosophy,
and we believe in compensating our
employees fairly and equitably.
Ecolab is actively working to improve
representation of gender and race ateach level of the workforce. We continue
to focus on pay equity in the U.S. andglobally by enhancing ongoing audits
aimed at maintaining where we havealready made progress.
We reward and recognize employees fortheir contributions to the success of theorganization. This includes our global
merit increase program and our shortand long-term variable pay programs.
Our variable pay programs include goals
and targets that are directly aligned tothe success of the business. Beginning in
2023, the annual cash bonus for our mostsenior leaders includes a Growth &Impact modifier which is basedon reducing water intensity across
our operations and demonstrating
progress toward our aspirations for amore diverse, equitable and inclusive
workplace.
Our processes and governance for
ensuring both performance-based andequitable pay decisions, is consistent at
the enterprise level and acrosssignificant locations of operation. There
are several processes and practices inplace to help us avoid pay discrepancies
related to gender, race or other personal
demographics including:• Annual and ongoing pay reviews
and audits• Annual salary and bonus planning for
eligible associates• Annual talent reviews• Ongoing pay alignment decisions suchas hiring, promotions and transfers
Pay decisions are made at the managerial
level and aggregated for review andanalysis across performance, gender andrace to ensure equity.
In addition to these enterprise practices,
we also conduct pay equity reviews inalignment with country-specific regulations.
Comprehensive and consistent systematic
assessment of pay equity is a key elementof sound business strategy and effective
talent management. Although it is not
required, Ecolab conducts a pay equity
review in the U.S. for our total population
every two years. The two-year cadence
reflects the size and scale of our U.S.
organization and allows us to analyze a
few years of pay decisions. We leverage athird-party expert in compensation and HR
analytics for these reviews and assess pay
equity in general, with a special focus ongender and race. The findings of our 2018,2020 and 2022 studies validate that Ecolab
provides equal pay for men, women and allraces/ethnicities who undertake the same
work, at the same level and with the same
performance and experience.
We are compliant with all local reporting
pay equity regulations including public
disclosure requirements in the UK, Franceand Australia.

Fair pay
At Ecolab we require a variety of highdemand, unique vocational and technicalskills in entry-level roles. Consequently,
our entry-level wages are on average twoto three times higher than minimum wage
regardless of gender across our significant
locations of operation, which are defined as
our manufacturing facilities and operation
centers. We are committed to compensating
our employees fairly and in compliancewith local laws. We have establisheda minimum hourly rate of pay for U.S.
employees of $15.00, which is significantly
above local minimum wage in many cases.
To ensure our pay continues to aligncompetitively with the external market
for all roles across the company, we test
our pay and wage data against several
reputable third-party compensation
surveys. Our pay equity studies conductedacross the U.S. enterprise every two years
also help validate that we are paying
competitively in each state.

Pay transparency
We provide transparency to our pay
philosophy, structures, career paths andprogram design to all associates globally.
We are also open and transparent about
our commitment to pay equity and thecorresponding governance and analytics
used to test and validate that we arepaying equitably. Our compensationand governance practices are built
into our manager and leadershipdevelopment curriculum. Each of ourannual compensation processes include
training materials for managers to guideperformance-based decision making.
Grievance mechanisms regarding
compensation include reporting
mechanisms through our global Codeof Conduct and in the U.S., our Ecolab
Associate Resolution resources provide
numerous avenues for employees to raise
concerns and seek resolution.
In 2023, the annual total compensation for
our CEO was $15,547,055 as reported in
our annual Proxy Statement. The annual
total compensation for our global median
employee in 2023 was $49,177. Thus, theannual total compensation for our CEO was
316 times the annual total compensationfor our global median employee.

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Human capital development
Our approach
Ecolab’s ability to attract and retain
the world’s most capable talent, while
deepening our relationship with existing
associates, is critical to managing ouroperations efficiently and effectively
and delivering innovative solutions tocustomers. We have ambitious, solutionoriented teams and continually look forways to help associates learn and grow.
We invest in professional training anddevelopment, help our employees create
personal plans to achieve their careergoals and conduct regular employee
engagement surveys. Through various
processes and programs, we are providing
associates with the tools they need to
excel and developing the future leaders of
Ecolab and the industry at large.

Employee learningand development
We believe in a 70-20-10 model forlearning and development, with 70% of

learning taking place on the job, 20%
occurring with role models, coaches,
mentors, job shadowing and formal
feedback mechanisms and 10% throughformal training. Our employee resourcegroups (ERGs) — which are open to all
associates — formal learning programs
and specialized continuous improvement
programs provide coaching, mentoringand 1:1 career development opportunities
for employees.
Ecolab has a vibrant community of ERGs
that connect engaged, emerging leaderswith professional and personal development
opportunities. Our 11 employee-driven
ERGs have grown to 8,400+ members
and 80+ chapters globally.
We deliver an annual Ecolab
Development Season to provide practiceoriented workshops to upgrade
employee skills and advance careerdevelopment. All associates areencouraged to engage in at least

About

Our Approach

Environment

SocialGovernanceAppendixCollectively in 2023, employees spent a total of 691,000 hours in learningand development.
On average, our global employees received a total of 43 hours of training
and development, comprised of 14 hours of formal training and 29 hours
of informal or formal coaching, mentoring and/or job-shadowing.
The average training and development expenditure in 2023 was$275 per full-time employee.
one development session during thisseason and/or leverage one of these
activities during the year. The 2023
Development Season offered theopportunity for Ecolab associates toparticipate in six different development
tracks and a catalog of over 18,000
courses. Each development track was acurated combination of independent andgroup learning opportunities andtranslated in multiple languages. Thisapproach resulted in a 63% increase inparticipation from 2022, with over 10,000
associates enrolled in courses and over
2,000 participating in accountability
group sessions. We also delivered asuccessful pilot and launch of LinkedIn
Learning to the enterprise and have hadover 80,000 course enrollments and
50,000 course completions in 2023. The
business impact of this program ismeasured through indicators within theannual employee engagement survey
and our 2023 engagement, retention andinclusion scores increased from 2022.
In the United States, we offer an
educational assistance programproviding eligible employees withfinancial reimbursement upon successful
completion of approved programs andcourses offered byaccredited colleges, business schools or
technical schools.

Leadership development programs
Beyond rigorous technical, functionaland business-specific training courses,
our global development programs
are designed to deepen leadershipcapabilities and include Manager
Essentials, Leader Coach, Growth Leader
and several functional rotational programs.
Our goals for these programs are as follows:• Maintain steady state global enrollmentof all first-line managers in our worldclass Manager Essentials program• Enroll all new eligible global leadersof first-line managers in the Leader
Coach program• Select 100-130 high-potential executivelevel leaders to complete the Growth
Leader program
In 2023, we maintained steady state
deployment of our flagship front-line
manager development program, Manager
Essentials, with 1,144 completions. We also
provided our Leader Coach program, forleaders of our first-line managers, to 344
associates in 2023. Lastly, we had 157 of ourhigh-potential early executives complete
our Growth Leader program in 2023.

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About

Our ApproachSocialEnvironment

GovernanceAppendix

Human capital development
Performance planningand development
Ecolab’s global Performance Planningand Development process provides
employees and their managers with thepractices and tools they need to optimize
performance. In addition to the annual
performance review process, managers
are encouraged to provide open
feedback and coaching throughout theyear to support employees in achieving
their goals.
Annual performance reviews for 2023
were completed in 2024, and consistedof three sections:
1. Past-year results summary
2. Performance objectives for the new year
3. Coaching and development goals

Globally, 99% of employees’
2023 annual performance
reviews were recorded.
Male- and female-identified
associates received
performance reviews at
the same rate.
Employee engagement
We know that we grow our business
when we grow our talent, and strong
employee engagement is critical forteam and company growth. Ecolab
continuously monitors the health of ourtalent and works to build an engaged
workforce through ongoing listening
initiatives. In addition to all-employee

global surveys, we conduct periodic
check-in surveys with targeted teams
that allow us to gather insights into theexperience and needs of our workforce.
Our annual, enterprise-wide employee
engagement survey was held in April
2023. The survey was reduced from 46
questions to 32 questions to remove
redundant questions. The remaining
questions were not modified to measurechanges on specific data points. Ecolab
had an 89% participation rate and an
overall engagement score — a measure of
our associates’ emotional commitment toour organization and goals — of 81%, anincrease of 1% from 2022’s all-time highengagement score for Ecolab.
The survey also provided us with feedbackon our retention rate — how likely ourassociates are to build a long career with
Ecolab — of 74%. Our inclusion index
score rose to 85%, showing in part how
our diversity, equity and inclusion work is
impacting employees and helping themfeel valued and fully seen for who they arewithin the workplace. Both retention andinclusion indicators exceeded the normal
range for other similar companies at thattime. There is still much more to do, and wemust do it faster – nonetheless the strides
that we have made are an encouraging
sign that our commitment to creating amore diverse, equitable and inclusive
culture at Ecolab is having a real impact.
Through the global survey, we identified
areas of strength and opportunities,
and have taken action on them both

Employee engagement survey resultseM tric

2018

2021

2022

2023

Response rate

91%

88%

84%

89%

Employee engagement score

63%

79%

80%

81%

89%

participation
rate

81%

engagement
score

individually, and at the team andenterprise level. It is clear that our teamvalues a sense of purpose, belonging andempowerment. Some of the areas thatstand out as points to celebrate are that:• 86% of our associates feel Ecolab’s
mission is meaningful to them.
• 89% of our team members feelempowered to own the work they doon a day-today-basis.
• 89% of our employees feel included aspart of a team among their co workers.

85%
inclusion
index

74%
retentionrate

For more information on learning
adoption and performance review
completion rates, please see the
Performance data appendix

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About

Our Approach

Environment

SocialGovernanceAppendix

Ecolab’s enterprise leadership development programs
deliver value to associates and the business
At Ecolab, strong performance, careerdevelopment and ongoing learning are
essential for every associate’s professional
growth and the company’s success.
Ecolab enterprise learning programs help
to strengthen leadership capabilities,
support career development, drive strong
performance and foster lifelong learning.
And we know that strong managers play animportant role at Ecolab to help associates
perform well and grow in their careers.
That’s why we remain committed toproviding robust development experiences
for managers that build key skills andcapabilities needed to successfully lead
teams to deliver critical business results.

Strengthening first-time managers’
leadership capabilities
Manager Essentials is Ecolab’s global
training program for first-line people
managers across divisions, functions andmarkets, providing one consistent global
standard for how we equip and enable
managers. The program focuses on the
key manager accountabilities that enable
managers to turn strategy to results,
lead high-performing teams, coach anddevelop talent and foster an inclusive andengaging workplace. Designed to help
build capability in leaders at all levels,
Manager Essentials provides the standard
for how we lead teams, and drives
accountability for leaders to grow thebusiness by growing our talent.

Manager Essentials program survey results•

84% said their manager more effectively communicated top priorities•

82% said their manager more effectively discussed how their team can work
together•

85% said their manager more effectively took specific action to help the teammanage change•

83% said their manager more effectively gave timely feedback on performance

The Manager Essentials journey spans
16-weeks and combines both online, selfpaced learning with experiential learning,as well as live workshops. The workshops,
available in seven languages, are deployed
locally and moderated by local facilitators.
In 2023, 1,144 managers completed theprogram, approximately 21% of global
first-line management associates. Program
success is measured largely throughsurveying direct reports of those whocompleted the program.

Reinforcing a coaching mindset
Ecolab’s global training program for
managers of first-line managers – Leader
Coach – is designed to help elevatecoaching capabilities and reinforce key
skills developed through the Manager
Essentials program. The training, offeredin four languages, allows participants
personal insight into their own coachingtendencies in order to build enduring

mentorship habits. The program
introduces participants to an inquirybased coaching approach which enables
meaningful conversations, ultimately
creating self-reliant problem-solvers whobring ingenuity and resourcefulness to
produce positive outcomes to promote
people, planet and business health.
Ecolab’s annual goal for the Leader
Coach training program is to enroll
all new eligible leaders of firstline managers within one year ofassuming their role. In 2023, 344
associates completed the program, orapproximately 15% of global managers
of first-line managers. Program successis measured through Ecolab’s employee
engagement survey, which in 2023,
showed an average three-point yearover-year increase across overall
engagement, retention and inclusionindicators for participants’ teams.

Building global visionaries
Ecolab’s Growth Leader program provides
early executive-level leaders with an
integrated personal development
experience. It is designed to equip leaders
to grow and drive enterprise results
through global diverse teams, grow theirglobal network and gain breakthroughleadership insights. In 2023, 157 highpotential associates completed theprogram, exceeding the annual goal of atleast 110 enrollments.
Ultimately, we believe the success of ouremployees and the success of our company
go hand-in-hand. Ecolab’s ability to
deepen capabilities of associates is criticalto managing our operations efficiently
and effectively, and delivering innovative
solutions for customers. Through investmentin these and other enterprise learning
programs we help our employees achieveboth individual and business success.

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About

Our Approach

Environment

SocialGovernanceAppendix

Diversity, equity and inclusion
Our approach
We believe in the value of fostering aculture of belonging, in business andin all facets of life, and are working toembed a culture of inclusion throughout
our company so that it shows up in
how we:• Attract and cultivate top talent• Create respectful, inclusive
workplaces that allow for a multitudeof perspectives• Do business with our customers
and suppliersWorking together
to integrate diverse
perspectives
2030 Impact

At the management level, we aspire
to increase management-level gender
diversity to 35% and ethnic/racial
diversity to 25%, as we seek to haveequitable representation of the U.S.
workforce at all levels for our industry.

2023 performance

28% of management-level associates
identified as female and 20% ofmanagement-level associates
identified as people of color.

• Leverage our relationships within thecommunities we serve to promote
equitable access to opportunity.
Purposefully investing in a thriving
culture that honors inclusion andbelonging is essential to being apurpose-driven company. As such, we
strive to advance our organization by:• More closely reflecting thecommunities we serve by expanding
applicant pools and talent pipelines toattract, develop and retain a diverse

28%

Management-level
female representation

20%

Management-level
people of color
representation

range of talent in management roles• Providing individuals equal access toleadership opportunities irrespective ofgender, ethnicity or background• Fostering a culture of inclusivity
and belonging through employee
resource groups for employees of all
backgrounds• Investing in processes and systems
that deliver transparency
Our 2030 Impact aspirations reflect
our commitment, aiming to increase

management-level gender diversity
to 35% and ethnic/racial diversity to25%, thereby underscoring ourdedication to diversity and access toequal opportunities for individuals fromall backgrounds.
Our aspirations reflect local labor force
availability throughout the world. In
the United States, we rely on census
data to inform our aim for meaningful
representation in all job categories.

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About

Our Approach

Environment

SocialGovernanceAppendix

72

Diversity, equity and inclusion
Diversifying candidate pools
To foster an inclusive recruiting process,we use a multifaceted approach. Ecolabjobs are posted through major socialand recruiting channels as well as
diversity specific job boards, like theDiversity Jobs Network.
We promote Ecolab careers andopportunities to diverse communities
through long-standing and criticalpartnerships with Historically Black
Colleges & Universities (HBCUs),
The Society of Hispanic Professional
Engineers (SHPE), The Society of WomenEngineers (SWE), The National Societyof Black Engineers (NSBE), Competitive
Advantage, Out4U and The Consortium.
To grow our talent pipeline withdiverse early career talent, our campus

Globalgender diversity,and racial andethnic diversity
in the UnitedStatesrecruiting team partners with on-campus
organizations that support women andunderrepresented groups at the local,
regional and national level. Our goal is for
100% of job requisitions to have a diverse
funnel of applicants.
Finally, we focus attention on educating
recruiters, interview teams and hiring
managers on inclusion, diversity and bias
through our Ecolab Interview Training
courses to support managers ininterviewing and selecting the best
candidate. Our focus on providing accessto job opportunities to qualified
individuals of all backgrounds istranslating into results. In 2023, 39%of all new management-level hires
globally were women and 27% of all new
management-level hires in the U.S. werepeople of color.

27%

39%

of new management-level hires in
the U.S. were people of color in 2023

of new management-level hires
globally were women in 2023

We wish to build an inclusive leadership team that reflects our communities. By 2030, we aspire to increase managementlevel gender diversity to 35% and ethnic/racial diversity to 25%. In 2023, both the percentage of women globally andpeople of color in the U.S. in management positions increased.

Total global
employees

70.9%
28.2%
0.9%

Male
FemaleNot specified

Globalmanagement
employees

72.2%
27.6%
0.2%

Male
FemaleNot specified

Total U.S.
employees

65.2%
32.9%
1.9%

Non-minority
Minority
Not specified

U.S.
management
employees

78.5%
19.9%
1.7%

Non-minority
Minority
Not specified

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Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix73

Diversity, equity and inclusion
Fostering a culture of inclusivity
and belonging
Doing the right thing the right way meansthat we practice inclusivity, rigorously,
every day. We consistently provide
associates with opportunities to connect,
listen and learn about our differences, tobuild empathy, understanding and allyshipfor one another. As of 2023, almost 40% of
our global workforce completed an online
Allyship in Action training course to help
associates have ongoing conversations,build trust and become better allies tothose who face biases.
We offer a robust selection of elective
learning programs that help build
diversity, equity and inclusion (DEI)
awareness, knowledge and skills andequip our associates to leverage them in
the workplace.
• Our DEI Foundations program focuseson core elements of DEI such as Ecolab'scommitment to DEI, unconscious bias,

2023 UnitedStates ethnic
and racial
diversity
As defined by EEO-11 racialand ethnic categories.

microaggressions, cultural competency,
psychological safety, allyship, inclusive
language and covering• Our DEI Leadership program is geared
toward people leaders and focuseson creating psychologically safe
environments, inclusive leadership,
mitigating bias in hiring and inclusive
practices for remote and hybrid
team members• Our Inclusive Salesperson programis primarily for our Sales associates
and is focused on helping our Sales
teams confidently discuss Ecolab's DEI
commitments with customers, working
with diverse customers and leveraging
DEI skills to build stronger customer
relationships to provide enhanced value
Our employee resource groups (ERGs)— which are open to all employees — areinvaluable in helping associates feel asense of belonging and in driving key
talent outcomes, such as engagement

19,225
Total U.S.
employees

and retention. Supporting and growing
our vibrant community of 11 ERGs help
associates connect with colleagues,
take part in career and leadershipdevelopment experiences and provide
important insights to the business.
Ecolab ERGs welcome over 8,400+
members across 70 countries, including
the United States, Canada, Mexico, China,
Australia, Brazil, Dominican Republic,
Dubai (UAE), India, Japan, Korea, Hong
Kong, Scotland, Switzerland, Thailand,
Spain and Italy. Our employee engagement
survey has shown that members of ERGs
have higher engagement scores than nonmembers, proving that when associates
feel a sense of belonging and inclusion,
they are able to do their best work.

Driving accountability
Our Board of Directors formally reviews
global representation metrics twice ayear. Ecolab’s senior leaders are held

65.2%
13.3%
11.9%
4.8%
2.1%
1.9%
0.5%
0.4%

White
Hispanic or Latino
Black or African
AmericanAsian
Two or More Races
Not Specified
American Indianor Alaska Native
Native Hawaiian
or Other PacificIslanderaccountable for fostering a diverse andinclusive workforce. On a quarterly
basis, Talent Councils come together
to create differentiated development
plans for diverse talent; review talentscorecards for each business, function
and region; discuss areas of progress andopportunity; and advise on action plansto drive further advancement.
In 2023, we marked the six-year milestoneof our Executive Diversity, Equity andInclusion Council. This council has been
instrumental in shaping and driving
Ecolab's inclusion strategy. It has not
only envisioned an ambitious blueprint
for our organization, but has also held
us accountable in our commitment tofostering an environment where everyone
feels included and valued. Throughthe Council's unwavering dedication,
we continue to make steady strides
towards embodying a truly inclusive andwelcoming organization.

4,365

U.S. management
employees

78.5%
7.9%
6.3%
3.8%
1.7%
1.4%
0.3%
0.2%

White
Asian
Hispanic or Latino
Black or African
AmericanNot Specified
Two or More Races
American Indianor Alaska Native
Native Hawaiian
or Other PacificIslander1Ecolab is committed to transparency and publicly shares our Employer Information Report (EEO-1) – a compliance survey mandated by U.S. federal statuteand submitted to the Equal Employment Opportunity Commission. The EEO-1 Report serves as a snapshot of our U.S. workforce demographics based onstandardized race/ethnicity, gender and job categories. View the latest EEO-1 Report.

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix

Ecolab empowering women: advancing
gender equality through action
Ecolab is committed to advancing gender
equity and participates in multiple
gender-equity oriented programs. For
instance, the company actively promotes
inclusion through its involvement in
Men Advocating Real Change (MARC)
by Catalyst, which encourages allyshipfor gender equity. Ecolab champions theconcept of allyship, fostering a culture of
empathy towards individuals with diverse
experiences, and that have historically
faced inequity or exclusion. We aim
to raise awareness of potential biases
helping team members to understandand acknowledge diverse experiences.
Further, we empower them to actively
use their influence for promoting an
inclusive environment, thereby driving
the advancement of inclusion within
our organization.
Ecolab also partners with the Women’s
Business Enterprise National Council(WBENC) Chemical Industry Groupand the Women’s Foodservice Forum(WFF) Annual Leadership Conference tofurther underscore Ecolab's dedication tofostering a culture of diversity andinclusion that empowers women leaders.
Expanding our approach to benefit
programs, Ecolab offers comprehensive
fertility benefits, adoption assistance andpaid parental leave options for employeesof all genders, designed to support the

Employee Spotlight“The way Ecolab embraces empathetic
leadership and a commitment to embedding
diversity, equity, and inclusion in all aspects of
our work has transformed the way we work asa unified team. I'm grateful for my experience
with this company and eager to continue learningand growing.”
Sima Hussein, Corporate Account Manager, Food Retail Services,
shares the power of empathetic leadership and how it builds afoundation to a strong work life balance and high performing teams

well-being and career progression of ourassociates. By providing these benefits,
Ecolab aims to remove barriers tocareer growth and to foster a workplaceculture that supports women in theirpersonal and professional lives, ultimately
facilitating women's leadership.
Additionally, associates have theopportunity to engage and grow throughparticipation in Ecolab's inclusive
employee resource groups (ERGs), suchas E3, which supports women leaders
and their allies through mentorship,career guidance and professional
development. With over 4,300 members,
the E3 group highlights Ecolab's
unwavering dedication to empowering
women leaders globally.
Ecolab's dedication was recognized in
the 2023 Bloomberg Gender-Equality
Index, and in Greater China and Japan,
it received prestigious awards foradvancing gender equality, including
the 2023 Best Multinational Company
of Women Advancement Award andForbes Japan Women Award. Moreover,

Ecolab's active participation in genderequity programs and inclusive family
support initiatives aims to promote
inclusion across all organizational
levels. These initiatives demonstrate
the company's commitment to gender
diversity and inclusivity in creating aworkforce where women have equal
opportunities to succeed.
For more information
Empowering Equity-Perspectives
on Leading with Empathy74

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About

Our Approach

Environment

SocialGovernanceAppendix

Ecolab's unwavering support
for the military community
Ecolab's commitment to honoring,supporting and providing ongoing
opportunities for the military community
is reflected in its unwavering dedication
to maintaining a supportive and inclusive
environment for active-duty service
members, veterans and their families.
With more than 1,000 active-duty service
members and veteran employees in the
U.S., Ecolab has implemented various
programs to assist service personnel
and their families, including the Military
Employee Resource Group at Ecolab(MERGE), training programs for recruitersand hiring managers, pay differentials forreservists and a deployment preparation
support group. Additionally, MERGE
organizes annual recognition eventsand engages in community programs tohonor military employees.
In observance of Veterans andRemembrance Day, the MERGE andDisability, Ability and Well-being Network(DAWN) employee resource groups(ERGs) came together to sponsor the 7th
annual Veterans Day 5k, a charity event
aimed at raising $10,000 for AllenForce, anonprofit organization supporting military
veteran health. This year, they went aboveand beyond, raising more than $13,000 insupport of the veteran community.
Moreover, MERGE's impactful initiatives
have helped Ecolab earn recognition in

Employee Spotlight“As the Chief of Staff and Field Engagement
for the MERGE employee resource group at
Ecolab, I'm able to share experiences with mybroader community, to help foster relationshipsthat provide inclusivity and belonging in theworkplace. Thank you to my community foryour support.”
Elizabeth Waples, District Manager, Institutional and Chief ofStaff and Field Engagement for MERGE, reflects on her
experiences and expertise gained through eight years in the Army
National Guard and gratitude for the MERGE community

the U.S. Veterans Magazine 2023 Veteran
Friendly Companies list, honors from theMinnesota Department of Military Affairs,
the Secretary of Defense and VETS
Indexes for work supporting veteranassociates and the military community inrecent years. The ERG has demonstrated
its commitment to the military community

through global
expansion in the United
Kingdom and Ireland,national volunteerism
for National Wreaths
Across America Day andhonoring the sacrifices of fallen veterans.
Ecolab provides a comprehensive array ofbenefits for military personnel, including pay
continuation and time off during active duty,
leveraging military training and experience
to align with post-military credentials anddegrees to facilitate career progression.

At Ecolab, strong bonds are felt withmilitary personnel who share thecompany's commitment to protect people
and the resources vital to life. Ecolab takes
pride in being a top employer dedicated topromoting an environment that respects,
supports and continually provides
opportunities for active-duty service
members, veterans and military families.
For more information
Fostering Inclusion and Honoring
Service on Memorial Day

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About

Our Approach

Environment

SocialGovernanceAppendix

Health, wellness and safety
Our approach
At Ecolab, the safety of our employees,
contractors and visitors is a top priority
and embedded into our company
values. Our safety goals are simple:
zero accidents, zero injuries and zeroviolations. This Goal Zero is a collective
ambition which each employee must
commit to own and deliver on every
day of the year. Year-on-year, we also
strive to incrementally improve safety at
all our sites to protect employees andcommunities.
But Goal Zero is more than a number.
We place great value on training andeducation, both at our own facilities and at
customer locations. We assess risk before
we start work, identify and address safetyissues and remedy hazardous situationsat any Ecolab location and wherever
we operate. Employees are trainedand empowered to stop work anytime
conditions are considered unsafe.
In 2023, we continued to make progress
toward Goal Zero by reducing total
recordable incident rate (TRIR) by 48%
from a 2013 base year, globally, andreducing lost time incident rate (LTIR)
by 42% from a 2016 base year in North
America. For more detailed data, see the
Performance data appendix.

Safety is a collective responsibility
Our Board of Directors is the highest
governing body responsible for Goal
Zero primarily through oversight from the
Safety, Health and Environment (SHE)
Committee, and execution is managed by

our Executive Safety Leadership Council
and Regional Leadership Councils in all
regions and large markets. Our leadershipteams and a network of SHE professionals
around the world support employees withsafety programs, processes and platforms
to help achieve our safety goals, and ourtraining and onboarding programs provide
leading metrics upon which to measurecompany performance.
Understanding underlying and potential
risks is a critical component to improving
safety outcomes. Our Global Safety
Dashboard tracks performance on a rangeof leading and lagging safety indicatorsand helps us measure the effectiveness ofour safety programs.
Our approach to safety communications
is aimed at encouraging employees in
the field, offices and plants to embracesafety as a personal issue. We highlightdifferent topics to raise awareness,encourage positive safety behaviors andeliminate risk.

Occupational health and safety
management systems
Ecolab deploys systems to manage
occupational health and safetycommitments that are aligned with our
Safety, Health and Environmental
Position including:• Compliance with legal, regulatory,
customer and other requirements
applicable to Ecolab activities andoperations• Design of processes and systems(covering operations under our control)

48%

Reduction in Total
Recordable Incident
Rate since 2013,globally

42%

Reduction in Lost
Time Incident Rate since2016, in North America

that are aligned with industry bestpractices and international standards
to reduce personal injuries, ill health,motor vehicle events, process safetyincidents, environmental releases andother conditions with the potential tocause harm
• Management of safety, health,environmental and security risks
through a hierarchy of controls, withthe participation of employees and incollaboration with suppliers, customers,
communities in which we operate andother key stakeholders• Empowering our team to stop workwhen conditions or behaviors are unsafe,
restarting the operation only when risks
have been minimized or eliminated• Promoting prompt reporting ofincidents, unsafe behaviors and unsafe
conditions, per our Code of Conduct,ensuring accessible systems for openreporting and protection from reprisals
for reporting in good faith• Fostering a robust safety culture
backed by leadership and poweredby employee engagement that
embodies the belief that all incidents
are preventable and working in a safemanner is a condition of employment
Our systematic approach to meetingthese commitments cover 100% of
employees globally, as well as nonemployees that are directly supervised
by Ecolab. We execute systems in our
global operations to ensure management
leadership and commitment, employee
involvement/participation, coverage oflegal and customer requirements, clear
communications, risk identification andcontrol, development of annual targets
and plans, professional SHE resourcing
and employee training.

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Environment

SocialGovernanceAppendixEnhancing safety on the road with a proactive,
self-directed approach to driver training
With 26,000 sales-and-service associates
driving hundreds of millions of miles eachyear, safety on the road is a top priority for
Ecolab. Continuous driver safety training
is key to achieving our safety goal of zeroincidents and part of our commitment to do
all we can to improve driving behaviors andkeep our teams safe behind the wheel.
An innovative program that relies ontechnology and data to help improve
driver behavior on an ongoing basis has
had a significant impact on safe driving
habits, reducing the number of vehicle
incidents to bring our company thatmuch closer to our Goal Zero mindset.
This global, holistic driver safety risk
management program — known as the
Virtual Risk Manager — is a program thatdelivers behavioral insights and actionable
intelligence directly to drivers. A key
component is the MentorSM by eDriving
application, a smartphone app that not
only identifies risky driving behavior, butalso remediates it with in-app microtraining and driver self-improvement
efforts based on in-app feedback.
The program was implemented by Ecolabas part of an ongoing effort to shift driversafety programs to a more predictive
approach, using technology and data
to improve driving behaviors to prevent
vehicle incidents.

A key feature of the program is the Playlist— short learning modules to periodicallyremind drivers to keep defensive driving
top of mind — along with post-trip feedback
that includes tips and reminders for selfimprovement such as to reduce sudden
braking or lower speed or acceleration.
Every driver receives at least one microlearning module a month with assignments
varying in topic and frequency basedon driving patterns and behavior. The
modules feature subtitle translations andvisually mimic the driving environment in
a particular country, an important feature
given Ecolab’s global footprint.
The program also includes a manager
coaching element, where drivers andmanagers have focused conversations todetermine one priority driving-related
behavior to focus on.

Program success and recognition
First launched to about 10,000 drivers inNorth America in 2019, the Virtual Risk
Manager program has since expanded toabout 17,000 participants in 68 countries.
After the first year of implementation, thetotal vehicle accident rate (TVAR) for the
North American businesses improved by
10%, the largest year-over-year increase
Ecolab had experienced at that time.
Since the program was deployed in the
global markets, Ecolab’s global TVAR

In the past five years, Ecolab achieved a:38%

reduction in
TVAR

41%

reduction in
SVAR

has continued to improve, with a TVAR
reduction of 38% in the past five years.
Even more significant, the severe vehicle
accident rate (SVAR), which includes
collisions where someone is injured, has
improved by 41% over the same period.
And a leading indicator for the program,
Coaching Completed On Time, was at
90% in 2023, meeting our annual target of
assigned coaching completed on-time.
In 2023, the Virtual Risk Manager program
gained external recognition when Ecolabreceived a Road Safety Achievement
Award in the Global Fleet category fromthe Network of Employers for Traffic
Safety, an employer-led, public/private
partnership dedicated to the preventionof vehicle collisions.
“Having a clear vision was critical to theprogram’s ultimate success,” said Jeff Burt,
Senior Vice President, Ecolab Global Safety,
Health & Environment (SHE). “Our drivers
can use the program tools to make selfdirected improvements to become better

drivers so they can return home safely to theirfamilies at the end of each and every day.”
Ecolab is in the process of expanding
the program to its remaining markets.
The goal is for it to be deployed to morethan 20,000 drivers in approximately
90 countries. Ecolab’s SHE team is
continuously looking at how this program
can continue to help prevent vehicle
incidents, including the recent launch ofa pilot with a rewards feature that enables
drivers to earn points and badges in the
Mentor app for safe driving behaviors,
which can then be redeemed forcompensatory awards.
Going forward, Ecolab remains dedicatedto our focus on continuous improvement
to enable drivers to use the Virtual Risk
Manager program and Mentor app to makeself-directed improvements for increased
safety on the road. At Ecolab, the safetyof our associates is a top priority and thatmeans doing all we can to ensure they gethome safely at the end of the day.

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SocialGovernanceAppendix

Health, wellness and safety
Our systems help ensure we meetlegal obligations in countries ofoperation, including but not limited
to the U.S. Occupational Safety and
Health Administration, UK Health &Safety Executive, German Occupationaland Safety Act, Canadian Centre for
Occupational Health and Safety andChina’s Workplace Safety Law.
We continually work to align our systems
to recognized global standards suchas the International Organization forStandardization (ISO) 45001 framework
and where applicable, industry group
standards such as the American
Chemistry Council’s Responsible CareManagement System.
To date, approximately 43% of ourworkforce is covered by internally audited
systems and 29% is covered by systems
that have been externally audited.

Occupational health services
Our team of toxicologists, industrial
hygienists and scientists conducts safetyassessments of chemical products tocharacterize health and physical hazards
in alignment with the Occupational Safety
and Health Administration’s (OSHA)
Hazard Communication standard andother relevant standards in jurisdictions
where we operate. This includes
assessing risk and generating Safety
Data Sheets and labels which are publicly
available. To further assess risks, we
conduct periodic occupational exposure
evaluations including air monitoring,noise assessments, risk modeling andergonomic evaluations. Toxicologicalstudies are commissioned whennecessary and relevant occupational
exposure limits and control mechanisms
are identified via these processes.
Hazard communication training iscompleted globally for all newly hired
employees in relevant roles. We also
maintain a global Industrial Hygiene Policy
to guide teams in assessing risk, monitoring

contaminants when necessary, controlling
occupational hazards through a hierarchyof controls and to stop work if conditions
remain concerning. When necessary, tofurther limit exposure, administrative controls
are deployed such as targeted training anduse of personal protective equipment.
Our global Personal Protective Equipment
Policy requires identification of proper
protective equipment for each job,

employee training and systems to ensure
equipment is available regardless ofjurisdiction. We also offer recurring medical
evaluations coordinated by contracted
occupational physicians and health careproviders to employees in select positions.
Product information is provided to acontracted external poison control center(PCC) and transport incident call center
which provide 24/7 emergency response
services. We have quarterly meetings with
the PCC to review incident calls, provide
feedback on service quality and ensure
product information is up to date.

Employee participation in
occupational health andsafety committees
Employee participation in occupational
health and safety systems is criticalto maintaining our safety culture. Our
physical locations including manufacturing
plants, research facilities and logistics
operations commonly have joint safetycommittees composed of hourly
employees, union representatives (whereapplicable) and management personnel.
These committees operate in an advisory
capacity in accordance with applicablelegal and Ecolab requirements and meetquarterly at a minimum. Our remote, salesand-service teams can also participate
in safety committees through our Safety
Champion processes. Each sales district
nominates a Safety Champion to represent
them in health and safety matters. Safety
Champions commonly work with businessleaders and SHE staff to execute our safety
strategy and programs and participate inmonthly network meetings.

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SocialGovernanceAppendix

Health, wellness and safety
Employee training
Ecolab maintains a Global Safety, Healthand Environment Training Policy requiring
all Ecolab operations to establish
minimum requirements for training
based on an assessment of operationspecific risk, applicable local or nationallaws and regulations and employee job
responsibilities. This includes establishing
new hire or transfer orientation training
requirements. Each operation is required
to determine appropriate training
methods and frequencies, ensure training
is delivered prior to risk exposure,document the completion of training andreview training programs at least every
three years. Below are a few examples of
our training programs and activities.
• Manager Essentials Training
Instruction on safety leadershipprinciples and behaviors for all people
managers through our Manager
Essentials program.
• Stop Work Authority Training
Training to empower employees
to utilize their stop work authority
whenever they feel unsafe and whenand how to apply that authority. Startingin 2023, Stop Work Authority training
is automatically provided to every newhire globally, regardless of role.
• Hazard Recognition Training
Training to empower and enable
employees to recognize uncontrolled
hazards and use their stop work
authority when conditions or behaviors
are deemed unsafe.
• Personal Safety Leadership Training
This course conveys that everyone canlead with safety when they focus on

their personal well-being, create a senseof belonging for others and work with asafe state of mind.
• Driver Safety Training
Behind-the-Wheel (BTW) Training isdesigned to teach vehicle control andaccident-avoidance techniques. Our
goal is to have 100% of our recently
hired driver population to complete
training each year.
• Safety Onboarding
Divisional safety onboarding processes
are designed to provide newly hired
sales-and-service personnel with basic
safety training. The training includes
eight modules of cross-divisional
training and additional division-specificcontent. In 2023, our target was to have
100% of employees complete Safety
Onboarding training within their first 30
days of employment - we achieved a
91% completion rate.

Promotion of employee healthand wellness
A Be Well Program is available to U.S.
employees and their families. The
program empowers, educates andsupports employees in their personal
journey to overall well-being by making
positive lifestyle choices while creating
a culture of wellness throughout Ecolab.
The Be Well Program features an online
resource center that contains wellness
information and tools, including online
seminars, events, a wellness assessment,
programs and resources highlighting
physical, financial, emotional and social
well-being.

Additionally, the enhanced Employee
Assistance Program (EAP) - Cigna Confide- is available to all U.S. employees andtheir families. EAP personal advocatesare available 24/7 to provide confidential
support to help resolve issues employees
and their families may be facing. This
includes connection to the right mental
health professional(s), learning of helpfulcommunity resources and immediate
phone consultation on financial, legal
or mental health concerns. EAP also
provides access to a variety of wellness
webcasts and five free face-to-facecounseling sessions.

Hazard identification, risk
assessment and incident
investigation
Our Global Risk Assessment Policy
outlines requirements for all divisions,functions and markets to assess,communicate and control operational
hazards and risks for routine and non-routine tasks and emergency situations.
The policy requires these risks be
managed through a hierarchy of controls
which prioritizes eliminating hazards andsubstituting less hazardous materials
or processes over using engineering
controls, administrative controls andpersonal protective equipment. Formalrisk assessments completed by trained
safety professionals are made available
to all employees that have the potential
to be exposed to certain risks andare used to better target controls andtraining. Personal risk assessments arecompleted by all employees prior to thecompletion of daily tasks and all newhires are trained in our personal risk
assessment methodology.
To ensure the quality of these processes,
Ecolab has developed numerous
employee training programs, guidance
documents and tools to improve our risk
assessment techniques.

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SocialGovernanceAppendix

Health, wellness and safety
Through our Global Risk Assessment
Policy, Global Safety, Health &Environment Position and Code of
Conduct, we empower all employees
to report work-related hazards andconditions, and to stop work whenconditions or behaviors are unsafe.
Our Code of Conduct establishes
personal responsibility for establishingand maintaining a safe workplace andrequires employees to promptly report
health and safety concerns to theirsupervisor, regional SHE representative,
human resources representative or
if necessary, appropriate emergency
authorities. We also deploy electronic,
web-based tools throughout to assist all
employees and non-employees under
our operational control in reporting
incidents, near-miss events and general
hazards. Our proactive approach torisk identification at our locations
and customer facilities enhances ourcomprehensive safety program andimproves results.
Our Incident Investigation Policy
outlines responsibilities and processes
for investigating all incidents, includingnear miss events, within 24 to 48 hours(depending on severity). Investigations
are designed to identify hazards, risks
and root causes associated with anincident. Corrective actions to reduce
future risk are identified based on thehierarchy of controls, and we periodicallyreview action closure and effectiveness tocontinuously improve the system.

In 2023, safety achievements included:More than

224,000
safety observations

More than

37,000commentary drives
to improve driving
techniques andsafety practices

Emergency response programand procedures
Our goal is to have zero safety incidents.
However, incidents and emergencies
involving worker safety, chemical
spills or releases, natural disasters orother product or operational incidents
can happen. To prepare for these
unlikely events, we are committed to
implementing and maintaining strong
emergency preparedness and response
systems to control, mitigate andminimize the impact on safety, property

More than

17,000drivers using the
Virtual Risk Manager
driving application to
help improve driving
techniques and safety
practices196

safety audits
and the environment. This is part ofour commitment to the safety of ourworkers and the communities where
we operate. We maintain enterprisewide guidelines on how to prepare forand respond to emergencies including
Incident Management Plans and Crisis
Notification and Reporting Procedures.
In addition, we have emergency
response teams and business continuity
plans in place at all levels of theorganization including at the site,country, market and enterprise levels.

Our manufacturing plants regularly test
our emergency response plans withlocal first response agencies and wehost regular crisis training sessions
throughout the world. We routinely
review our emergency management
programs across our businesses toensure that they are functioning as
intended and identify opportunities forcontinuous improvement. Following
an incident, we conduct a thoroughreview, sharing key learnings andrecommendations with emergency
response teams and senior leadership,
and adjust crisis plans for future use.

Prevention and mitigation of
impacts at customer locations
Our health and safety management
systems are designed to minimize risks
in all our operations, including delivering
products and services to customers
worldwide. Our Regulatory Affairs
team, which includes more than 200
scientists and professionals operatingin 35 countries with backgrounds inchemistry, microbiology, toxicology,
trade compliance and other disciplines,
helps ensure we minimize product risks.
In addition, we deploy training, risk
assessment and mitigation techniques
to help ensure our team of more than
26,000 sales-and-service professionals
operate safely as they conduct businessat customer locations. We have also
developed a global Customer Site Safety
policy designed to foster cooperation
with customers on health and safetyissues and provide foundational
requirements for safe operation.

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SocialGovernanceAppendixCommunity impact
Our approach
Ecolab supports programs and initiatives
that protect people and nature in thecommunities in which we live and work.
Through corporate giving and grants
from the Ecolab Foundation, productdonations and employee volunteerism,
Ecolab is advancing its goals to support
vital ecosystems and enable communities
around the world to thrive.

Community giving
Since 1986, the Ecolab Foundation
has implemented community impact
programs to support communities where
our employees live and work, focusing on
giving to local nonprofit organizations infour strategic areas: youth and education,
civic and community development,
arts and culture and environment andconservation. Since the inception of theEcolab Foundation, the company has
contributed more than $152 million to
nonprofit organizations.
In 2023, Ecolab and its employees
committed more than $18 million to local
communities through Foundation andcorporate giving, in-kind donations andemployee giving and volunteerism.1
Approximately 27% of the Ecolab
Foundation’s funds in 2023, or $2
million, were committed to organizations(including matching funds to employee
donations) supporting youth educationand development. Grants were awarded
to well-known youth organizations
such as Boys and Girls Clubs andJunior Achievement, as well as to local
1

after-school and in-school programsin communities where our employees
live and work. Of the 422 nonprofits
who were awarded grants through theFoundation’s Nonprofit Grant Program,
87% of them indicated that their grant
addresses decreasing disparities forone or more of these groups: ethnicallydiverse (non-white) individuals,
individuals with disabilities, LGBTQ+
individuals, veterans, women and girls or
another area of diversity.

Calculated using average values determined by Independent Sector

In 2023, Ecolab provided $1.1 million of
direct and indirect funding to Saint Paul
Public Schools in our global headquarters
city of St. Paul, MN, where 48% of
students are eligible for free or reducedprice lunch. In addition to continued
funding for the Ecolab Teacher Grant
Program, where staff and teachers apply
for programs and materials directly
impacting district-aligned student
achievement goals in their schools andclassrooms, Ecolab approved grants

77%

of grants in 2023 werealigned with our ambition
for 2030 Positive Impact,with focused support fororganizations advancing
social equity

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Our Approach

Environment

SocialGovernanceAppendixCommunity impact
to community partners that work withSaint Paul Public Schools. Ecolab has
targeted partnerships with schools on
the West side of Saint Paul where we
specifically support programming at
Humboldt Schools, Riverview West Side
School of Excellence and Cherokee
Heights Elementary School. Examples of
directly funded initiatives include college
preparatory and access programs(AVID and College Possible), STEM
in-class and out-of-class offerings andsubsidized admission to performing arts
organizations.
Another of the Ecolab Foundation’s focus
areas is that of civic and community
development. In 2023, $2.3 million of
grant funding supported organizations
that provide basic needs to our mostvulnerable citizens: access to food,housing and job training. In 2023, housing
focused grants totaled over $595,000
across 12 states, including many grants toHabitat for Humanity, an Ecolab partner
for more than 20 years. Our Global Team
Volunteer grant program supported theseareas with grants totaling $535,000 alongwith 3,000 employee volunteer hours
packing food and assembling hygienekits for crisis response.
Our environment and conservation
focus area accounted for 18% of overall
Foundation funding in 2023, a 10%
increase from 2022, totaling $1.3 million.
These grants include our partnership with
The Nature Conservancy, Project WET,
and the Pacific Institute, as well as withmany local conservation organizations

The total impact tononprofit organizations
through employee
engagement initiatives in2023 was $4.6 million.
raised $2.76 million for 1,924 nonprofits
around the world and the Foundation
matched employees’ requested
donations totaling $523,000. Taking into
account total employee engagement
impact in 2023, including employee
personal donations, the Foundation
match to those personal donations, thevalue of volunteer grants and volunteer
hours, the total impact to nonprofit
organizations through these employee
engagement initiatives was $4.6 million.

through geographically focused U.S.
Nonprofit grant programs. Employees
logged 7,000 volunteer hours focusedon projects supporting restoration andstewardship of our environment, which
was a focus for our 100-year anniversary
Global Weeks of Service.
Through the Ecolab Foundation’s
Dollars for Doers and Board Leadershipprograms, employees can apply for
grants to qualifying nonprofit agencies
when they volunteer on their own time.

In 2023, 1,130 grants were distributed
under these programs totaling morethan $157,000.
Ecolab also recognizes the giving spiritof our employees and their desire to
make financial contributions in theircommunities. Through the Global Ecolab
Community Giving Program, the Ecolab
Foundation matches 100% of employee
donations, up to $500, per employee per
year (some restrictions apply). In 2023,
the Ecolab Community Giving Program

We are committed to empowering
employees to give back in communities
where we have significant operations. To
facilitate local engagement and impact,
we have Community Relations Councils
in 19 regional locations around the
U.S. involving close to 100 local Ecolab
employee volunteers who help administer
the Ecolab Foundation Nonprofit Grant
Program. These local employees aremost in touch with the needs of theircommunities and are well-equipped
to help determine which organizations
they believe contributions can have thegreatest impact. In 2023, these committees
helped administer 320 grants to nonprofits and schools totaling $1.6 million.

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Environment

SocialGovernanceAppendixCommunity impact
Volunteerism
Ecolab employees are engaged in making a difference in their communities. In 2023, 4,576
individuals volunteered in at least one effort for an average of one volunteer hour per
employee. This provided an approximate value of almost $1.3 million to local communities.

Community partnerships
Solutions for Life is part of Ecolab's global offering to give back to local communities,
helping enhance our mission to conserve water and improve hygiene around the world
through collaborations with non-governmental organizations (NGOs), global philanthropy
and employee volunteerism. Solutions for Life is funded by Ecolab through the Ecolab
Foundation. Through Solutions for Life, Ecolab supports the work of strategic global
nonprofit partners such as The Nature Conservancy, Project WET Foundation and Water.org.

40,000

4,576

44

or

Countries

1

Average volunteering hours
per employee, globally

Ecolab continues to support its partnership with The Nature Conservancy (TNC)
securing and restoring water sources around the globe. Region-specific examples of
positive impacts from our partnership with TNC in Brazil, China, Mexico and the UnitedStates are available in the Biodiversity section of this report.

Project WET

2023 Volunteer metrics

volunteer hours, globally

The Nature Conservancy

individual
volunteers

9%of global
employees

Through our partnership with the Project WET (Water Education Today) Foundation,
children around the globe are learning about water conservation and hygiene througha youth-focused curriculum, called the Clean and Conserve Education Program. Since
launching the partnership in 2014, the program has reached more than eight million
individuals in 98 countries with its fun, hands-on lessons about water conservation andhealthy hygiene practices. The Clean and Conserve curriculum resources, along withtraining videos, can be downloaded in multiple languages free of charge. In addition,
Ecolab sponsors Project WET's Discoverwater.org, an interactive website that hosts
free activities – currently available in English, Spanish and Mandarin – about the role ofwater in our lives. In 2023, the website welcomed 171,816 unique users in 108 countries,
representing a 21% increase from 2022.

Water.org

Ecolab continues its partnership with Water.org to enable access to sustainable
drinking water and improved sanitation for 100,000 people living in poverty in India,
while contributing more than 77 million gallons (~292,000 cubic meters) of water per
year to watershed health in extremely high water stress river basins. Our partnershipwith Water.org is an example of how we are taking action to help build community andeconomic resilience and equitable access to freshwater. These efforts are in alignment
with our commitment to United Nations Sustainable Development Goal 6, which calls foraccess to water and sanitation for all by 2030, as part of our 2030 Positive Impact.

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Community impact
Disaster response
As the world’s leading supplier ofcleaning and sanitizing products andsolutions, Ecolab is proud of our inkind donation program which provides
cleaning and sanitizing products toorganizations in areas where natural
disasters have occurred and for disaster
preparedness. In 2023, $6.6 million worthof Ecolab products went to worldwide
relief efforts in partnership with nonprofit
World Emergency Relief. Ecolab productdonations were distributed out oflocations around the globe including
Austria, Belgium, Canada, Chile, Poland,
Italy, Slovenia, Spain, United Kingdom andthe United States.

Measuring our impact
Annually, we solicit feedback via our
Impact Survey to nonprofit grantees. The
survey gathers information to assess
the effectiveness of Ecolab Foundation
grants. This process measures the overall
difference Ecolab’s grants make for theorganizations and communities served,
such as how the grant helps grantees
expand program reach, improve outcomes,
develop new programs and enhanceinternal capacity. Results are utilized
by Ecolab Foundation staff to better
understand how our investments aremaking a difference in our communities.

Findings from the most recent
Impact Survey from the Ecolab
Foundation98%

accomplished orreached their goal(s)related to their grant

73%

92%

indicated that theEcolab grant made a
difference in relation
to their overall
organizational goals

70%

reported that the grantfrom Ecolab enabled
them to reach moreindividuals/clients

reported the grant from
Ecolab allowed theorganization to improveexisting and/or provide
new services/products

66%

56%

reported their clients/
constituents developed
new or improved existingskills because of the grantfrom Ecolab

reported the grantincreased theirorganization’s profile,brand awarenessand reputation

Environment

SocialGovernanceAppendix84

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About

Our Approach

Environment

SocialGovernanceAppendixHundreds of community impact events
celebrate Ecolab’s 100th anniversary
Ecolab supports programs and initiatives
that protect people and nature in thecommunities in which we live andwork. Each year, through volunteering,
our associates log thousands of hours
with organizations they care about,demonstrating our mission to support
vital ecosystems and enable communities
around the world to thrive.
In 2023, Ecolab associates from 44
countries, from all levels and divisionsof the organization, volunteered 40,000
hours in their local communities. In
celebration of Ecolab’s 100th anniversary,a Global Weeks of Service event was heldin June, when associates were invited tomake a concerted effort to volunteer intheir community. Hundreds of teams of
Ecolab associates responded, planning
community impact events, with a majorityof them focused on environmental
stewardship projects such as cleaningparks, beaches, waterways and otherpublic spaces, and planting trees andnative plants.
Ecolab teams in Australia, New Zealand,and Fiji, organized 10 litter-pickup walks,with more than 200 associates participating,picking up over 500 pounds of litter andplanting 150 trees during those two weeks.
Similar efforts took place in Canada,
Hungry, Netherlands, Kenya, Mexico,

Portugal, Spain, Switzerland, thePhilippines, Italy, Slovenia as well as
several states in the U.S., showcasing
our associates’ passion for improving theareas in which they work and live. One
group of associates, in Xochimilco,
Mexico City, worked specifically topreserve chinampa agriculture, which isan ancient farming technique that uses
a portion of land floating on water togrow plants and vegetables because of
its importance in preserving the region's
biodiversity. After only a few months, thecorn planted by Ecolab volunteers had
grown tremendously. This project wasan important reminder to our associatesof the continued impact they can makebeyond just the day spent volunteering.
Outside of the Global Weeks of Service
events, volunteers continued to make an
impact throughout the year. One groupof more than 50 Ecolab volunteers in
Mexico participated in a tree planting
activity at the El Tepozan Ecotourism Parkin Ajusco, Mexico City. The location had

been affected by severe forest fires that
destroyed many hectares of trees, butby the end of the day the group had far
exceeded their goal and planted morethan 600 trees. In addition, the groupplanted succulents and cleaned up dry
leaves, all helping to restore and maintaingreen areas of the park.
Overall, the work that our associates
do in their communities around theworld continues to help in our efforts topositively impact water-stressed areas.

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About

GovernanceMoving forward, faster throughstrong governance practices

Building a positive future requires a collective effort. It is a mindset that propels
us, our customers and our communities forward. Ecolab is committed to leading with
our values and are driven to uphold ethical, inclusive and responsible policies andpractices wherever we operate.
Our ethical reputation is one of our greatest assets and alongside our governancestructures, policies and practices, provides a solid foundation upon which we build
trust with our stakeholders. We will continue to build on our legacy of doing greatthings for humanity in the right way, always.

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Environment

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SocialGovernanceAppendix

Corporate governance
Ecolab’s Board of Directors (Board) is
committed to maintaining a corporate
governance structure that promotes
long-term stockholder value and supports
Ecolab’s efforts to create sustainable
solutions to economic, environmental andsocial issues.

Board independence and diversity
Our Corporate Governance Principles
state that in selecting Board members,
the Board values broad perspectives,
backgrounds, experience and knowledge,
demonstrated independent judgment, as
well as diversity of business experience,
gender and race. Under our existingboard leadership framework, we have an
independent Lead Director with robust
responsibilities and a fully independent
Governance Committee which is
responsible for selecting all independent
directors, committee chairs andcommittee members, which are approvedby the Board. Committee leaders and theLead Director role are rotated periodicallyas set forth in our Corporate GovernancePrinciples. Our Board continually seeks

12

board
members

8

averagetenure inyears

to improve its performance. A formal
evaluation of the Board and its committees
is conducted on an annual basis and is
led by the Governance Committee. Eachcommittee’s results are discussed by therespective committee, and the Board
reviews the results of the Board andcommittee evaluations.

Board's role in risk management
and sustainability matters
The company’s growth is tied to its
mission to support people health,planet health and business health.
Risk management is an important partof protecting the company’s mission.
The Board has various processes
and procedures for oversight ofrisk management and directors areactively involved in the risk oversightfunction. The Board actively oversees
environmental, social and governancerisks and opportunities primarily throughthe Safety, Health and Environment(SHE) Committee. The Board has had aseparate standing SHE Committee since2011. The SHE Committee is responsible

92%

of directors are
independent based on
SEC and NYSE standards
and Board’s
Independence Standards

for many of the company’s sustainability
policies, programs and practices that
affect, or could affect, Ecolab employees,
customers, stockholders and neighboring
communities. These topics include
safety topics, waste management andenvironmental topics, progress towards
the UN Global Compact Business
Ambition for 1.5°C and actions to
implement the recommendations of the
Task Force on Climate-related Financial
Disclosures (or similar bodies). The
Chief Sustainability Officer reports to the
SHE Committee on the activities of the
Sustainability Executive Advisory Team at
least annually.
The Audit Committee, Compensation &Human Capital Management Committee
and Governance Committees of theBoard of Directors also address various
environmental, social and governancematters, including disclosures regarding
climate change, compliance matters,
pay equity, review of labor force (withthe goal of avoiding child and forcedlabor), political and trade association

support and diversity. In addition toreports from these committees, the Board
receives an annual presentation fromthe SHE Committee on the company’s
progress against its sustainability goals
and implementation of projects andrelated activities. Cybersecurity risk ismonitored by the Audit Committee andthe Board through risk assessments andreviews provided by management atleast semiannually. Cybersecurity is also
considered in the detailed enterprise risk
assessment presented to the Board
each year.
The company believes that its
leadership structure supports the risk
oversight function of the Board and its
sustainability initiatives. The company
and the Board regularly review andevaluate the Company’s corporate
governance practices and policies.
Many of these practices are set forth in
our Corporate Governance Principles(including Director IndependenceStandards), Committee Charters andCode of Conduct.

42% 40% 61
of directors arediverse, basedon gender, race
and/or LGBTQ+
statusof committee
chairs arediverseyears
average ageof directors

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Our Approach

Environment

SocialGovernanceAppendixBusiness ethics
Our approach
We are committed to upholding thehighest legal and ethical standards,
regardless of when and where we
conduct business. To that end, we haveadopted specific standards, policies
and procedures to help maintain ourcommitment. Ecolab has an established
Global Compliance department whichis led by the Chief Compliance Officer,
along with regional compliance leaders.
In addition, compliance and ethics
committees meet at least biannuallyin each market to help ensure strong
communication with regional leadership.
Available in 26 languages, our Codeof Conduct (Code) is the foundation of
our integrity and ethics principles andapplies to all Ecolab Directors, officers
and employees and serves as a guide for
how to act and make ethical decisions incompliance with the Code and the laws of
the countries where we do business. Our
Code was updated in 2023 to enhanceease of functionality for our employees
and to emphasize our company’s values.

Training
New employees participate in training
sessions on the Code of Conduct andare required to read the Code andacknowledge compliance with it. On
an annual basis, all Ecolab employees
and almost all contingent workers are
required to complete an online or inperson training refresher course andcertify compliance with the Code. All
governance body members are required
to certify compliance with the Code every

year. Our annual goal is to have 100% of
global employees, including all senior
managers, complete a training courseand certify compliance. In 2023, we had a
99% global completion rate.
Security of Ecolab facilities is performedby Ecolab employees and third-party
personnel. All Ecolab employees serving
as security personnel are required tocomplete Ecolab’s Code of Conduct
training yearly and in the U.S., 100%
completed the training in 2023. The
Code of Conduct training does not apply
to third-party organizations providing
security personnel to Ecolab facilities.

The Code of Conduct training includes
education on relevant laws andregulations to our employee base. The
training coursework includes topics
encompassed by the Code, including
anti-discrimination, diversity, equity andinclusion, health, safety and environment,
data and information security, humanrights and more. In addition, targeted
specialized training for those employees incertain areas or functions is also provided.
For example, employees in accounting
and finance roles receive training specificto that function, and certain employees
are required to take anti-bribery andanticorruption training based on relevantbusiness responsibilities or interactions.

Conflicts of interest
Under Ecolab’s Code of Conduct,
employees are required to disclose any
potential conflict of interest. A conflict ofinterest disclosure form is available for
employees to use and is included in theannual Code of Conduct training. The
Global Compliance department reviews
submitted conflict of interest disclosuresand determines if they can be approved.
Sometimes approvals are contingent
upon mitigation and monitoring.
Conflicts that are not disclosed throughthis process may be problematic andconsidered investigations under Ecolab’s
Code of Conduct program.

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About

Our Approach

Environment

SocialGovernanceAppendixBusiness ethics
Business security
Under Ecolab’s Code of Conduct, we
require that employees protect Ecolab’s
confidential information, as well as
our customers’ and suppliers’. To help
accomplish this, Ecolab has a privacy
leader as well as an Enterprise Technology
Solutions (ETS) Security team that partner
to help protect confidential informationand data. Ecolab has policies andprocedures in place to help employees
understand how to handle sensitive data.
Employees are required to completeEnterprise Technology Security training
on an annual basis. In addition, certain
ETS security controls are put in place asadditional measures.

Advisory services
Ecolab requires oversight of advisors
by requiring that the procurementof such vendors follow our internal
global procurement policies, and that
there are no known conflicts with
Ecolab employees. If a concern isbrought forward against an advisor, theGlobal Compliance department would
investigate the allegation utilizing formal
process and procedures.

Records and data accuracy
Under Ecolab’s Code of Conduct,
employees are required to accurately
report financial records and areprohibited from falsifying data. In
addition, the Internal Audit Services teamconducts operational, anti-bribery andanticorruption audits to help ensure thatdata is accurate. Certain data analytics
tools are used to allow for larger data
samples to gain greater assuranceof data accuracy across the global

enterprise. Ecolab also sets forth records
management requirements in its Global
Records Management Policy and Global
Records Retention schedule.

Reporting mechanisms
Employees have the option to reporta Code concern to their manager, the
Human Resources, Compliance or
Law departments, or Ecolab’s thirdparty Code of Conduct helpline or web
reporting service which are utilized byinternal and external reporters to convey
concerns and is available 24 hours aday, seven days a week. Reports ofpotential Code of Conduct violations arethoroughly investigated, and appropriate
actions are taken or mitigation steps
are put in place. Ecolab’s Global
Compliance department oversees all
Code investigations to ensure they
are thorough, timely, consistent, andappropriate action is taken, which may
include disciplinary measures up to, andincluding, termination. Recommended
appropriate action and certain
remediation plans are documented
and tracked in the Global Compliancedepartment’s investigation management
and tracking systems. Ecolab prohibits
retaliation based on reports, concerns or
Code investigations, and if a retaliation
Code violation is found, appropriate
action up to termination is taken.
Ecolab follows defined investigation
procedures for internal investigations toensure each investigation is thorough,fair, accurate and timely. If certain legal
concerns arise, Ecolab may engage

outside counsel. Ecolab has a worldwide
whistleblower program managed by the
Global Compliance department which
ensures that reports are investigated ina timely manner and consistent action
is taken based on the results of theinvestigation. The Global Compliancedepartment will recommend appropriate
action based on the circumstances ofeach matter but also aligning with action
taken in other similar cases. Investigation
data and key case details are reported
to the Audit Committee of the Board of
Directors by the Chief Compliance Officer
on a quarterly basis.

Compliance
Ecolab’s compliance and ethics
assessment methodology is based on theneed to assess risks that have the greatest
potential for legal, financial, operationalor reputational damage. We conduct
annual audits to monitor compliancewith the Code of Conduct and global
governance and ethics regulations. Ourannual compliance assessment is led by
the Global Compliance department and isdesigned to identify legal and regulatorycompliance risks in 15 risk areas, including
the assessment of human rights issues.
The assessment is aligned and reported
to the internal Audit Services teamas a part of their reporting process.
Our annual Code of Conduct audit iscompleted by the Internal Audit Services
team. Results from the assessment
and audit are reported to the Audit
Committee of the Board of Directors
on an annual basis by Ecolab’s Chief
Compliance Officer.

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Our Approach

Environment

SocialGovernanceAppendix

Anti-corruption
We monitor and identify issues throughour comprehensive anti-bribery andanticorruption program which includes:• A detailed Anti-Corruption Policy
and Procedures• Required training for applicable employees• Required anti-bribery and anticorruption training for medium- andhigh-risk third-party intermediaries• Required anti-corruption due diligenceprocess for third-party intermediaries• Guidance, resources and tools to help
employees understand and comply with
Ecolab’s requirements• Articles and communications• An anti-bribery and anti-corruption
audit program with a dedicated internal
audit manager• Compliance and ethics committees in all
markets to help identify and mitigate risk

Policy and procedures
Ecolab’s Anti-Corruption Policy isdesigned for compliance with applicableanti-corruption laws in the countries inwhich we do business. Ecolab’s AntiCorruption Policy is available in 24
languages and requires all intermediaries
operating or exporting outside the UnitedStates to sign and maintain current anticorruption undertakings communicating
our policies.
The Anti-Corruption Policy provides
extensive guidance on the requirements
for engaging with third parties. The
associated procedures are risk-based,
meaning in higher risk countries
and business lines, more extensive
procedures are required. The procedures

generally include a business manager
qualification form, third-party
questionnaire, a background check andinternal approval requirements. All thirdparty intermediaries globally are required
to follow this rigorous approval process.
The purpose of the procedures is toobtain the necessary information forour evaluation and review of a third
party’s business, skill, capabilities andability to comply with our legal andethical standards. Ecolab is then able todetermine whether a third party shares
our values, in the following ways:• Companies that have good anticorruption programs and openly reporton them have a competitive advantage
beyond meeting any complianceobligation. They benefit from risk
reduction, cost savings and sustainablegrowth.
• Companies can demonstrate their
response to the legal obligation
and responsibility to reduce the riskof corruption that represents thecompany’s commitment to operate an
ethical business.
Ecolab’s Anti-Corruption Policy requires
all intermediaries to execute anticorruption undertakings. If a third-party
refuses to comply with Ecolab’s AntiCorruption Policy, this raises a significant
risk and can lead to the termination of
the relationship. We also require a third
party to certify that they have not andwill not violate basic anti-corruption laws,
and this is a condition to do business on
Ecolab’s behalf. Finally, Ecolab’s Anti-

Corruption Policy requires continuous
monitoring of third-party compliance2023 Antiwith our values. We require our existingcorruption training
third parties to undergo a rigorouscompletion rates
approval process every three to foure
R gion%years, depending on certain risk-based
factors. Based on these risk factors,
Asia Pacific100%
Ecolab will perform an internal audit, and
e
Europ
99%
if necessary, audit the third parties toensure they are in compliance with our
Anti-Corruption Policy.

Greater China

100%

India, Middle East, Africa

100%

Training

Latin America

99%

North America

97%

Total

99%

Ecolab’s anti-corruption policies andprocedures are communicated throughthe annual Code of Conduct training,which is mandatory for all employees
and almost all contingent workers
globally. In addition, annual online anticorruption training is mandatory for
all employees that may have relevantbusiness responsibilities or interactions.
More detailed anti-corruption training
is provided to senior leaders in all
markets and in high-risk locations.
Overall, there was a 99% completion
rate of anticorruption training in 2023.
Medium- and high-risk intermediaries
are also required to complete Ecolab’s
anti-corruption training.

Audit program
As part of the company’s internal audit
program, approximately 30 audits
are completed each year focusing on
internal/financial controls and operational
processes, out of approximately 107
auditable units including countries,
divisions and departments. Of these units,
approximately 50 are individual country

operating locations which are audited
over a four to five-year cycle. In these
operational audits, procedures include
testing controls relevant to Ecolab’s
anti-corruption program. In addition,nine anti-corruption specific audits werecompleted in 2023 as part of Ecolab’s
anti-corruption program. The Global
Compliance department also completes
various assessments for all markets
and business units, including recently
acquired operations. Few significant risks
were identified and risks relating to theuse of intermediaries were the highest
risk area identified.

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Our Approach

Environment

SocialGovernanceAppendix

Human rights
within our value chain. We conduct annual
audits led by the Global Compliancedepartment to identify legal and regulatorycompliance risks in 15 risk areas, including
the assessment of human rights issues.

Ecolab is committed to enhancing thewell-being of people and communities
around the world and has establishedformal policies and procedures to ensure
human rights are respected across ourglobal operations and supply chain.

Recommendations from the assessment
process result in the creation ofaction plans and corrective actions orremediation, if deemed appropriate.
Effectiveness of these actions aretracked through supplier audit results,
legal review results, work-related
accident results, operation audit resultsand Code of Conduct data. Reports areprovided to top management and theBoard of Directors.

PolicyOur Human Rights Policy outlines ourcommitment to upholding human rights
globally. We believe in enhancing thewell-being of people and communities
around the world. The human rights ofour employees and those that we dobusiness with are respected across
Ecolab’s global operations. We arecommitted to respecting international
human rights standards, as defined by
the UN Guiding Principles on Businessand Human Rights which include the UN
Universal Declaration of Human Rights
and the International Labor Organization(ILO) 1998 Declaration on Fundamental
Principles and Rights at Work.
We operate in alignment with thepolicies and procedures outlined in the
SA8000 Standard which seek to protect
basic human rights of workers. We arecommitted to creating an inclusive andrespectful work environment, upholding
decent working conditions and working
to eliminate all forms of child and forcedlabor, discrimination, anti-corruption andbribery. We have regional programs inplace to assess conformity with thesepolicies and commitments. In addition,
Ecolab undertakes compliance and ethics
assessments to better understand humanrights related risks.

Supporting policies and positions• Our Code of Conduct contains detailed
human rights aspects relevant toour operations and requires Ecolab
employees to report any potential
human rights issues.
• Our Ethical Sourcing Standards
communicate to our vendors andbusiness partners our expectations
on human rights and ethics and ourstandards for operation, including
addressing implications of the UK
Modern Slavery Act and the California
Transparency in Supply Chains Act.
• Our Supplier Code of Conduct sets out
expectations for suppliers in the areasof integrity, ethical and legal standards
and compliance among other topics.
• Our Anti-Human Trafficking Policy
communicates our expectations aroundslavery and human trafficking.

• Our Conflict Minerals Policy supports
human rights organizations to end
violence and atrocities in Central
Africa, specifically the Democratic
Republic of the Congo (DRC) and nineadjoining countries.

Training
Our employees are trained on humanrights policies and procedures through our
Code of Conduct annual training. In 2023,
99% of our employees and applicablecontingent workers completed the Codetraining and certified compliance to it.
About 24,000 total hours was devoted tothat training.

Due diligence processes
Human rights due diligence is a key
component of risk identification in our own
operations, in new business relations andTo evaluate and address the risk of humantrafficking and slavery in supply chains,
Ecolab has developed a detailed supplier
ethical assessment that top suppliersin parts of Ecolab’s business where
there is an elevated risk of slavery andhuman trafficking must complete to verify
compliance with Ecolab’s ethical sourcing
requirements. Suppliers must also agree to
Ecolab’s Supplier Code of Conduct.

Disclosure
It is Ecolab’s policy to disclose any humanrights controversies which may relate
to child employment, female or minority
rights infringement, or other issues
pertaining to human rights as defined by
the U.S. Equal Employment Opportunity
Commission (EEOC). No fines related tohuman rights issues have been leviedagainst the company by any governmentalorganization in the past five years.

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Our Approach

Environment

SocialGovernanceAppendix

Supplier relations
To meet our customers’ world‐classexpectations, Ecolab has establishedappropriate policies and standards toensure the quality of our products andthe integrity of our operations. Suppliers
are expected to continually increase thevalue to Ecolab in the areas of cost,quality, delivery, innovation, complianceand continuous improvement.
Ecolab’s business relationship with its
suppliers is based on supplier policies aswell as contracts or purchase orderterms and conditions that are specific tosupplier transactions with Ecolab.

Policies
Ecolab’s Supplier Code of Conduct
includes expectations around integrity,
ethical and legal standards, compliance,
confidentiality, gifts, gratuities andbusiness meals, labor rights andemployment law, health and safety,
environment, anti-bribery and corruption,
fair competition and supplied materials.
Suppliers are required to comply with the
Supplier Code of Conduct in the course of
doing business with Ecolab and its
employees. The Supplier Code of Conduct
is incorporated, by reference, into all
supplier contracts. It is a requirement that
suppliers apply the same guidelines
contained in the Ecolab Supplier Code of
Conduct with its own suppliers.
In 2024, the Ecolab Supplier Code of
Conduct was updated to include
additional language to communicatecompliance expectations with theGerman Supply Chain Due Diligence Act

and Canada’s Public Bill S-211 – Fighting
Against Forced Labour and Child Labourin Supply Chains Act and specify Ecolab’s
reserved right to conduct audits and/or
training to verify suppliers comply withapplicable laws and regulations, and therequirements of our Supplier Code.
Ecolab’s supplier requirements are basedon international standards including the
UN Declaration of Human Rights, the UN
Convention on the Rights of the Child andthe Conventions of the International
Labor Organization (ILO) including its
Fundamental Principles and Rights at
Work. Suppliers are expected to comply
with all applicable country labor,
employment and environmental laws andregulations, and meet our EthicalSourcing Standards regarding forcedlabor, child labor, health and safety in theworkplace, fair pay, harassment, diversity,
ethics and environmental policies.
The Safety, Health and Environment(SHE) Committee of the Board of
Directors has oversight of manysustainability matters, including thesustainable procurement program andrelated topics, as they falls within thescope of environmental matters that arepart of the principal responsibilities andduties of the Committee.

Screening processes
Our suppliers go through a methodical
screening process before being added
to our portfolio, which includes detailed
legal, financial, operational, quality andreputational risk assessments. For high-risk suppliers and suppliers deemed
critical to Ecolab’s business, we may also
conduct on-site assessments. In total,
approximately 805 suppliers are deemed
critical to Ecolab's business, representing
15.8% of total procured goods andservices.
Ecolab’s Supplier Code of Conduct andEthical Sourcing Standards are used toscreen 100% of new suppliers for socialand environmental criteria. In addition,
we have published an Anti-Human
Trafficking Policy and Conflict Minerals
Policy which communicate additional
details on our expectations for suppliers.
To ensure compliance with our Conflict
Minerals Policy, new suppliers are asked
if they have their own internal program
or policy and if they have identified therisk it presents in their supply chain.

Risk assessments
100% of Ecolab's direct suppliers areassessed for risk, with a robust screening

process that considers country-, sectorand commodity-based risk factors.
As part of this assessment process,
Ecolab conducts a biannual ethicalsourcing survey to assess high-risk
suppliers identified through our risk filter
metrics and reporting from third-party
organizations such as Human Rights
Watch and Transparency International.
The ethical sourcing survey evaluates
supplier compliance with Ecolab’s Supplier
Code of Conduct and Ethical Sourcing
Standards and covers environmental,social, governance and business-relevant
topics including, but not limited to, healthand safety, ethics, employment practices,diversity, harassment, environmental
policy and environmental sustainability,
including energy consumption,
greenhouse gas emissions, waste
management and water consumption.

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Environment

SocialGovernanceAppendix

Supplier relations
In parts of Ecolab’s business where
there is an elevated risk of slavery
and human trafficking, suppliers
complete an additional assessment
to verify compliance with Ecolab’s
Ethical Sourcing Standards and related
requirements. Ecolab has required suchsuppliers in the chemical, packaging,equipment and contract manufacturingcategories to respond to questions on
their policies, management practices
and specific performance related toprotection of employees’ human rights
and prevention and elimination of
trafficking and slavery. Additionally,
contract manufacturing suppliers are
required to undergo on-site audit at least
every three years.
The U.S. Department of Labor issues
an annual List of Goods Produced byChild Labor or Forced Labor, which is

generally consistent with lists issued
by organizations such as Walk Free
Foundation. Goods on the List that are, or
may be, in Ecolab’s global supply chain
include palm oil, silica-based products,
abaca pulp used in labels/paper products
and electrical components/electronics.
Ecolab’s Global Procurement teammonitors multiple sources of data
provided by the U.S. Customs &Border Patrol, the International Labor
Organization (ILO), Walk Free or otherorganizations to identify industries andcountries that present high-risk. Of
the twenty countries with the highest
estimated prevalence of modern
slavery, based on the Walk Free Global
Slavery Index, Ecolab does businessin five countries, including Nicaragua,
Russia, China, Malaysia and Vietnam
representing approximately 5% of

Ecolab’s global procurement spend and798 suppliers.
In light of Russia’s invasion of Ukraine in
2022, and the sanctions against Russia
by the United States and other countries,
Ecolab has made the determinationthat it will limit its Russian business
to operations that are essential tolife, providing minimal support for its
healthcare, pharmaceutical, food andbeverage and certain water businesses.
In 2023, we expanded our forced labor
survey targeting of total of 141 suppliersand 3.2% of our global spend that we
believed were of higher risk basedon location, commodity and spend.
Suppliers were questioned on theirinternal policies, management practices
and specific performance related toprotection of employees’ human rights
and prevention and elimination of
trafficking and slavery. Suppliers thatindicated they did not have a humanrights policy addressing forced and/or
child labor indicated they were willing toprovide a contractual guarantee that the
products sourced from them were notproduced using forced labor.
We have not received reports of evidence
or indications of modern slavery within
our operations or our industry sector.

Training
To reinforce supplier expectations
internally, we conduct an online, annual
training for Supply Chain, Researchand Development and Regulatory

Affairs associates to help them
identify environmental, ethical andlabor concerns when interacting with
suppliers. This training encourages
associates to report concerns via the
Code of Conduct hotline. Results fromthe training are shared with leadershipand utilized to identify additional
training needs. In 2023, we provided
supplemental forced labor training
to global procurement associates tobetter identify risks in Ecolab’s supply
chain. This was delivered to employeesthat work with suppliers including
global procurement, supply chain, andselect RDE and regulatory teams andenables associates to better identify
risks in Ecolab’s supply chain. In 2023,
we continued to train and promote our
supplier sustainability and diversity
programs internally with our Global
Procurement teams and externallythrough publication of supplierrequirements and disclosure resources.

Reporting
We have established a Code of Conduct
hotline to facilitate reporting of potential
violations by internal and external
stakeholders. Any concerns flagged
through the ethical sourcing survey
or Code of Conduct hotline are fully
investigated, and mitigation steps – suchas capacity-building, training and ormonitoring – are put in place to improve
supplier performance and eliminate risk.
If significant and urgent concerns are
identified that cannot be remediated,
suppliers are removed from Ecolab’s
approved list.

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Our Approach

Environment

Supplier relations
Sustainable procurement program
Our suppliers are an integral part of oursustainability strategy, and our sustainableprocurement program continues to evolveto align with the latest science,stakeholder expectations and the values
we hold as an organization. When
analyzing our suppliers carbon impact,which is comprised of over 18,100 direct
and indirect suppliers, we found that theircarbon footprint is more than ten times
larger than our own.
We require that suppliers have systems inplace to prevent and mitigate pollution,
avoid the use of hazardous materials
where possible, engage in reuse andrecycling activities, avoid environmental
impacts with the potential to adversely
impact human health or the environmentand have systems in place to conserveand optimize the use of natural resources
sustainably, such as energy, water andmaterials. These principles areincorporated into our Supplier Code of
Conduct, which suppliers are required tocomply with in the course of doing
business with Ecolab and its employees.
The Supplier Code of Conduct isincorporated, by reference, into all
supplier contracts and it is an expectationthat suppliers apply the same guidelines
contained in the Ecolab Supplier Code of
Conduct with its own suppliers.
And, as part of our commitment todelivering 2030 Positive Impact, we work
closely with supply partners on both
environmental and diversity, equity andinclusion initiatives and expect suppliers to:
1

1. Help Ecolab achieve a 25% reduction in
Scope 3 emissions by 2030 from a 2022base year1
2. Disclose progress through suppliersurveying mechanisms
3. Take action in their own operations todemonstrate progress

Supplier engagement onenvironmental sustainability topics
Ecolab aims to reduce absolute Scope
3 emissions by 25% from a 2022 baseyear across a portion of purchased goods
and services, fuel- and energy-related
activities, upstream transportation anddistribution, and use of sold products. Thistarget, currently undergoing validation by
the Science Based Targets initiative (SBTi),
was introduced in 2023, with performancetracking beginning in 2024.
We have begun directly engaging with
suppliers on carbon-reduction efforts todrive progress toward this goal, and haveinvited suppliers representing almost 35%
of Ecolab’s emissions from purchased
goods and services and upstream
transportation and distribution categories
to topical training sessions. We are alsocollaborating with suppliers that have ahigh impact on Ecolab’s Scope 3 inventory
to jointly develop emissions reduction
glidepaths associated with the Ecolab
portfolio of purchased goods and services.
A critical piece of monitoring progress
toward our Scope 3 climate goal isimproving accounting methodologies,
which includes incorporating supplier data
into our emissions inventory.

In 2023, we continued to partnerwith CDP to source carbon-related
information, including allocatedemissions, from over 280 suppliers.
As recognition of our efforts, we areincluded on CDP’s 2023 Supplier
Engagement Leaderboard. CDP surveys
will continue to be used to track
suppliers’ performance, while additional
engagement and reporting mechanisms,
including surveys, will be utilized with
suppliers having high impact on Ecolab’s
Scope 3 emissions inventory.

Supporting local suppliers
Fundamentally, we choose to buy fromsuppliers within the markets in which we
operate that abide by the ethical, socialand sustainability standards set forth byour company. We base purchasing
decisions on safety, quality, service andprice, opting to purchase within themarket whenever possible to minimize
resource use and emissions fromshipping materials overseas, and tosupport local economies. As such, morethan 90% of our purchases are from local
suppliers within our markets.
Local community is defined as the major
markets in which we operate, including
Asia Pacific, Europe, Greater China, India,
Middle East and Africa, Latin America andNorth America. Significant locations ofoperations are definedas our manufacturing facilities andoperation centers within the markets inwhich we operate.

Ecolab’s Scope 3 target includes a portion of purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, and use of sold products.

SocialGovernanceAppendix94Ecolab’s 2023 Growth & Impact Report

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Our Approach

Environment

SocialGovernanceAppendix

Supplier relations
Supplier diversity• Deploying a supply chain financing
offering for strategic suppliers. With
access to capital continuing to be
one of the biggest barriers to successfor women- and minority-owned
businesses, and in the interest of equity,
we modified our program to allow for
greater opportunity for participation by
diverse-owned business.
• Integrating findings from market
intelligence platforms into proposal
evaluations to serve sourcing teams indecision-making around environmental,social and governance considerations.
• Harnessing Ecolab's inclusive
employee resource groups (ERGs)
by leveraging the wealth of passion,
willing hands and local expertise tolend to talent recruitment, retention
and development efforts.

Ecolab is committed to hiring the best
suppliers. Consistent with that principle,
we also believe:• The best teams and partners are inclusive• Solving complex problems requires
diverse perspectives and experiences• Driving our partner marketplace
to reflect such perspectives andexperiences makes our business more
attractive to customers, employees andinvestors, and benefits the communities
in which we live work and serve
We define diverse suppliers as a small
business as defined by U.S. Code ofFederal Regulations (CFR) Title 13,
Chapter 1, Part 121, or a supplier certified
by one of the following organizations
or agencies: National Minority Supplier
Development Council (NMSDC), National
Gay and Lesbian Chamber of Commerce(NGLCC), Women’s Business Enterprise
National Council (WBENC), US Pan
Asian American Chamber of Commerce(USPAACC), Disability:IN, Minority
Supplier Development UK (MSDUK),
United States Hispanic Chamber ofCommerce (USHCC), Supply Nation andfederal government agencies – including
Veteran Affairs agencies – and/or state or
local government agencies.
By 2030, we aim to grow business withdiverse suppliers by five times that ofour 2020 spend. To increase supplier
inclusivity in 2023 and beyond, we
focus on merchandising value throughcommercial teams and reinforcing thebenefits of competitiveness for businessgrowth. How we partner with suppliers
is becoming even more important toalign finite resources to high-value
opportunities which are expectedto accelerate positive change anddemonstrate continued success.
Focus areas in 2023 included expanding
supplier networks and increasing accessto opportunities in our sustainableprocurement framework to enhance
our supply chain infrastructure, unlock
incremental value and quantify the
positive return on investment for businessleaders and decision makers.

In 2023, activities to enhance supplierengagement and increase supplier
inclusivity included:• Partnering with customers to build
initiatives to identify opportunities
with diverse-owned contract
manufacturers, resulting in a betterinformed referral process.
• Enhancing supplier engagement tactics
to increase in Tier 2 reporting by 85%,
which drives impact further down thevalue chain.
• Graduating the first Women’s BusinessEnterprise National Council (WBENC)
Chemical Industry Accelerator cohort.

Ecolab’s 2023 spend with diverse
suppliers totaled around $331 million,
or 8% of all U.S. procurement spend,
a 26% year-over-year increase, andapproximately 3.1x that of our 2020
spend. In all, Ecolab conducted businesswith over 585 diverse suppliers in all
categories of diverse spend in 2023.
This includes $109 million in spend
with minority-owned businesses, $84
million in spend with women-owned
businesses, $151 million procured
from certified small businesses and$7.6 million in spend from veteranowned suppliers, $1.4 million procured
from LGBTQ+ owned businesses, $18
million in spend with HubZone anddisadvantaged owned businesses.

95

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Ecolab’s 2023 Growth & Impact Report

Political action
Public policy

Political contributions

Engaging with policymakers is one
means of furthering Ecolab's
sustainability objectives. We
communicate with policymakers inproactive policy discussions, bringing ourmarket segment and scientific expertiseto the table on water, waste, food safety
and customer health issues to ensure
public policy decisions are grounded inprinciples of sound science. Ecolab
engages with federal and state legislativeand regulatory bodies, industry andcustomer trade associations and nongovernmental organizations that provide
a forum for environmental policy
discussion relevant to our industry. These
include a diverse set of stakeholders
which focus on water-related issues andclimate mitigation and adaptation issues
to influence climate policy aligned with
the Paris Agreement through advocacy
efforts.

Ecolab’s Political Contribution Policy
provides an approval process forcorporate political contributions by acommittee of executives, as well as anannual review of the policy and politicalcontributions by the GovernanceCommittee of the Ecolab Board of
Directors. In 2023, Ecolab Inc. contributed$50,000 to the Democratic Governors
Association, $20,000 to the Republican
Governors Association and $25,000 to the
Republican State Leadership Committee/
Republican Leadership Campaign
Committee.

We maintain a formal process to manage
all direct and indirect engagement with
policymakers and related organizations toensure we have a common approachconsistent with our business strategy.
This process covers the scope andbusiness impact of specific policy
issues and is integrated into the annual
business continuity and risk management
assessment process so any activities that
influence policy are evaluated foralignment with Ecolab’s strategic
corporate business strategy. If
inconsistent, these are immediately
flagged for action by the Government
Relations team.

Ecolab associates can also support thecompany’s political action committee, theEcolab Inc. Political Action Committee(ECOPAC). ECOPAC, which is fundedby voluntary contributions from Ecolab
associates, is a nonpartisan committeethat supports candidates for U.S. Congress
who share our basic philosophies andvalues. It contributes to legislators fromacross the country where the company
transacts business. Contributions
are determined by a board of Ecolab
executives based on criteria including
representation of Ecolab facilities and/or
significant base of employees, committee
membership, committee leadership,positions on issues and partisan balance.
ECOPAC does not support candidates
for local or presidential office. A list of
all political contributions by ECOPAC
and Ecolab is posted semiannuallyto the Ecolab website under PoliticalContribution Reporting.

About

Our Approach

Environment

SocialGovernanceAppendix96Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix

Political action
Involvement in trade associations

as well as Ecolab’s policies and practices
relating to trade association memberships,
on an annual basis.

Ecolab, like most businesses, belongs to
trade associations that support initiatives
important to Ecolab’s business and ourcustomers’ industries. We engage withkey trade associations to achieve
the following:• To better understand the policy andregulatory environment that will impact
our business operations• Advocate through the association
to ensure that views on mattersof importance to Ecolab andour customers are adequately
communicated and represented to law
and policy makers• To give Ecolab associates access to
educational, training and professional
networking opportunities
Ecolab joins trade associations that
we feel will benefit our business andshareholders, but trade associations
have diverse memberships and diverse
member views. The positions taken bytrade associations or their members may
not always align with Ecolab’s businessobjectives, and Ecolab may adopt policies
and positions that are different from theviews of trade associations of which Ecolab
is a member or their members. Ecolabraises its concerns, as needed and as
appropriate, on issues that it believes areimportant to Ecolab and its stakeholders.
Some of the trade associations to which
Ecolab belongs engage in lobbying
activities to support these initiatives. These
trade associations may use a portion of
the membership dues paid by Ecolab for

Membership of associations
Ecolab engages with a broad range
of industry groups, sharing expertiseand insights to help these membershiporganizations enhance sustainability
leadership across their respective industries.

such lobbying activities. Ecolab itself also
engages in certain lobbying activities, butdoes not engage in grassroots lobbying
communications and is not involved with
tax-exempt organizations that write orendorse model legislation. When Ecolab
lobbies on individual issues of interest,
various laws and regulations may apply,
including the U.S. Lobbying Disclosure
Act and the EU Transparency Registerand its Code of Conduct, and Ecolabtakes appropriate actions to comply withthese laws.

Trade association governance
A committee of management consisting of
the Senior Vice President of Government

Relations, the Assistant Secretary or
Secretary, the Chief Operating Officer,
the Senior Vice President of Regulatory
Affairs and the Executive Vice President
for Global Markets reviews proposedand existing significant trade association
memberships at least semi-annuallyto assess their effectiveness and to
determine if continued membership isappropriate. The committee escalates
membership decisions to the CEO insituations in which the committee believes
membership in a trade association could
be materially misaligned with Ecolab’s
stated values. The Governance Committeeof the Board of Directors reviews Ecolab’s
significant trade association memberships,

In 2023, Ecolab actively participatedin sustainability-related work groups
within the following, among others:
A.I.S.E. (International Association for
Soaps, Detergents and Maintenance
Products); American Chemistry Council;
American Cleaning Institute; American
Hotel & Lodging Association; Beverage
Industry Environmental Roundtable;
Chemical Footprint Project; Corporate
Eco Forum; Consumer Goods Forum;
Council of Great Lakes Industries; Food
Marketing Institute; Global Food Safety
Initiative; International Organization forStandardization; National Association
for Environmental Management;
National Association of Manufacturers;
National Restaurant Association; The
Conference Board; The Consumer
Brands Association; The Household andCommercial Products Association; Steel
Manufacturers Association; United States
Council for International Business; andWorld Travel and Tourism Council.
For more information
Trade association disclosures97

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Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix

Data privacy and security
At Ecolab, the security of our systems
and solutions is a top priority. Since
2014, when the Ecolab cybersecurity
program was established, we havecontinuously matured our cybersecurity
program to proactively address evolving
cybersecurity trends and risks. Ecolab
has an Information Security Steering
Committee (ISSC), a cross-functionalteam chaired by our Chief Information
Security Officer (CISO).
Senior management provides in-depth
reviews of cybersecurity matters to
our Board of Directors and the Audit
Committee. Cybersecurity is also
considered in the annual enterpriserisk assessment presented to the Boardby management as part of the Board’s
oversight of our enterprise risk
management (ERM) program.
Ecolab’s cybersecurity policies,
standards, processes, and practices areintegrated into our ERM program andare based on recognized frameworks
established by the National Institute ofStandards and Technology (NIST)
Cybersecurity Framework (CSF),
the International Organization forStandardization (ISO) and otherapplicable industry standards. We areformally assessed by an independent
third party against NIST, CSF andindustry standards, including peerbenchmarking.
Periodic cybersecurity training, global
cybersecurity awareness communications
and threat simulations are delivered to
employees and contractors to equipthem with the knowledge and tools forrecognizing and reporting suspectedcybersecurity threats. We have
implemented multi-layer controls designed
to protect our information systems fromcybersecurity threats which are evaluatedby Ecolab’s cybersecurity team andenhanced through controls audits andassessments, internal testing and thirdparty cybersecurity threat intelligence. Our

Security Operations Center is available 24
hours a day, seven days a week, 365 daysof the year.
Our Global Privacy Policy outlines how
Ecolab uses and safeguards personaldata, periodically reviews security
measures and ensures that we arecompliant with the data privacy laws andregulations of the jurisdictions in which
we operate, including the EU General
Data Protection Regulation (GDPR). This
policy is published in 16 languages.
Additional information on Ecolab's
cybersecurity program is provided in
Annual Report and Form 10-K.

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Ecolab’s 2023 Growth & Impact Report

Tax

Compliance

The tax we pay is an integral part of ourpositive economic and social impact andsupports the advancement of the countries
in which we operate. We are committed tocomplying with tax laws and regulations
in each jurisdiction in which we dobusiness and are guided by appropriate
international standards as detailed in our
global Tax Position. Our UK Tax Strategy
and Poland Tax Strategy are also available
on our website.

In 2023, there were no new material
grievances related to environmental,
health and safety, product and service
information and labeling or marketing
communications impacts filed throughformal grievance mechanisms.1

In 2023, Ecolab received nominal
monetary support, awards, tax reliefs
or subsidies directly from governments.
We received federal and state credits in
the United States to support our researchand development initiatives totaling
approximately $23.1M based on estimates
for the 2023 tax return year. Ecolab also
received a U.S. federal family medical leave
credit totaling an estimated $1.2 million, aU.S. nonconventional source fuels creditof approximately $120,000 and a U.S.
work opportunity credit of an estimated$410,000. Ecolab received a Dominican
Republic tax holiday of $6.6 million in 2023
(valued benefit equals the difference inthe statutory tax rate applied to Ecolab’s
income for 2023 compared to the zero-taxpaid). Anticipated tax deductions by theAustralian government for research anddevelopment expenditures in Australia will
total approximately $143,000 for 2023 anda similar benefit will be realized in Spainof approximately $215,000. Anticipatedtax deductions in the United Kingdom forresearch and development expenditures in
the UK will total approximately $391,000
for 2023.
1

While in 2023, two of Ecolab’s
manufacturing facilities received
monetary penalties related to wastewater
operations, and two related to stormwater
discharges, our operations did notexperience significant instances of noncompliance in 2023, including spills ofmaterial significance to our company or
the communities in which we operate.
There were no facilities identified orreported that may significantly impact
water bodies from discharges of water andrunoff. None of the river basins and water
sources where Ecolab has operations aredesignated as protected areas (nationallyor internationally). Additional information
is provided in Ecolab’s Form 10-K for the
fiscal year ending in December 31, 2023
in Part 1, Item 1, under Environmental
Remediation and Proceedings and in Note
15 (“Litigation and Environmental Matters”).
In 2023, there were four incidents ofenvironmental noncompliance with fines
over $10,000 totaling $327,678, with noenvironmental liability accrual at the endof the fiscal year. We have a proactive androbust compliance program to addressthese issues promptly and completely, andnone of these resulted in material fines or
penalties to the company under applicable
reporting requirements.

Material grievances defined as over $300,000 consistent with SEC reporting requirements of Ecolab’s Form 10-K

About

Our Approach

Environment

SocialGovernanceAppendix99Ecolab’s 2023 Growth & Impact Report

Appendix
Transparency throughrecognized frameworks
Ecolab is steadfast in upholding our long-standing
commitment to our stakeholders and business strategy,
while aligning with respected global frameworks. Reporting
publicly and consistently on our performance demonstrates
our dedication to transparency and we are committed toobtaining third-party assurance of non-financial data to
improve accountability and enhance stakeholder confidence
in our reporting.

Contents

About

Our Approach

Environment

SocialGovernanceAppendix100Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix101

Performance data
This appendix summarizes key environmental and social performance metrics and indicators identified in our most recent materiality assessment. Ecolab’s global Scope 1, 2
and 3 (business travel only) greenhouse gas (GHG) emissions are verified by a third party, Apex Companies LLC, using the ISO 14064-3: Greenhouse Gases - Part 3 specification
standard. Our NOx emissions, SOx emissions, volatile organic compounds emissions, hazardous air pollutants emissions, water withdrawal volume, water replenishment volume andhazardous waste volume are verified through Apex Companies LLC using the International Standard on Assurance Engagement (ISAE) 3000 Revised. For more information, access
our Verification Opinion Declaration on Greenhouse Gas Emissions and Assurance Statement on Environmental Metrics.

Emissions
Direct (Scope 1)
GHG emissions(MT CO2e)

Direct (Scope 1) emissions
Biogenic emissions
Total

Indirect (Scope 2)
Market-based indirect (Scope 2) emissions
GHG emissions
Location-based Indirect (Scope 2) emissions(MT CO2e)

GHG emissions
intensities(MT CO2e / MT)

Reduction of
GHG emissions(MT CO2e)

2018*

2021

2022

2023

331,261

293,468

301,563

303,839

125

254

376

616

331,386

293,722

301,939

304,455

179,199

88,353

68,40477,756

188,458

176,159

175,767

165,985

Direct (Scope 1) emissions intensity

0.11

0.10

0.10

0.11

Market-based indirect (Scope 2) emissions intensity

0.06

0.03

0.03

0.03

Other indirect (Scope 3) emissions intensity

0.02

0.01

0.02

0.02

Direct and indirect GHG emissions intensity (Scope 1, 2 and 3)

0.17

0.13

0.13

0.13

Asia Pacific

317

51

-

54

e
Europ

670

45

11,022

279

Greater China

-

-

-

-

India, Middle East, Africa

-

-

14

-

Latin America

-

24

-

15

North America

159

203

2

350

Total

1,146

323

11,038698*2018 is the base year for Ecolab's Scope 1 and 2 GHG emissions data

Direct (Scope 1) GHG emissions• Scope 1 emissions reported are independent of any GHG trades, such aspurchases, sales or transfers of offsets or allowances.
• The inventory includes CO2 , CH4 and N2O emissions from fuel consumptionand HFC emissions from refrigerant use.
• PFCs, NF3 and SF6 are not included as Ecolab does not use these compounds.
• Emissions factors used for electricity and other fuels are subregion-,country- or region-specific where applicable, using the latest databases
from governmental sources (i.e., United States Environmental Protection
Agency’s eGRID, UK’s Defra and the International Energy Association).
• Biogenic emissions include biodiesel and ethanol (E85) fuel use.
• United States Environmental Protection Agency’s Climate Leaders
Emissions factors were used to calculate direct emissions.
• Chosen consolidation approach for emissions is operational control.
Indirect (Scope 2) GHG emissions• Scope 2 emissions reported are independent of any GHG trades, such aspurchases, sales or transfers of offsets or allowances.
• The inventory includes CO2 , CH4 and N2O emissions from electricity, heating
and cooling consumption.
• Emissions factors used for electricity and other fuels are subregion-,country- or region-specific where applicable, using the latest databases
from governmental sources (i.e., United States Environmental Protection
Agency’s eGRID, UK’s Defra and the International Energy Association).
• Chosen consolidation approach for emissions is operational control.
Scope 1 and 2 GHG emissions intensities• The inventory includes include CO2 , CH4, and N2O.
• Intensity unit is MT of emissions per MT of product produced.
Reduction of GHG emissions• The scope of reduction of emissions consumption data is global supply
chain manufacturing facilities. The inventory includes CO2 , CH4 and N2Oemissions from fuel consumption and HFC emissions from refrigerant use.
This includes both Scope 1 and 2 emissions.
• PFCs, NF3 and SF6 are not included as Ecolab does not use these compounds.
• This is a voluntarily reported metric and therefore may not represent all
projects completed in reported years.

Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix102

Performance data
Emissions

2022*

2023
4,387,027

960,988877,226
606,835
154,193
99,701Other indirect(Scope 3)
GHG emissions(MT CO2e)87,427
81,12848,873
43,108
19,115
1,475

1,617

5,354,099

•

•

•

•

Upstream emissions from purchased fuels, electricity, steam
and hot and chilled water, include generation and transmission
and distribution emissions, and any other losses in thiscategory. Data quality is consistent with inputs from our global
database on sustainability metrics. Upstream emissions ofpurchased electricity are calculated for the US and othercountries by multiplying electricity activity data by country or
region-specific emission factors from UK Defra 2022 Guidelinesfor GHG Reporting. Upstream emissions from purchased fuels,
steam, hot and chilled water are calculated using emissions
factors from UK Defra 2022 Guidelines for GHG Reporting.
Emissions associated with losses were calculated for the US
and other countries by multiplying the energy use by type byemission factors from UK Defra 2022 Guidelines for GHG
Reporting. All GWPs are from the IPCC Fourth Assessment
Report (GWP for CH4 = 25, GWP for N2O = 298, consistent with
reporting under the United Nations Framework Convention on
Climate Change (UNFCCC).
Upstream transportation and distribution emissions represent
inbound and outbound shipping and warehousing services
purchased by Ecolab.
Emissions reported under downstream transportation anddistribution represent the estimated emissions of outboundlogistics, based upon % share of outbound shipping paid forand controlled by the customer. This is a minority share of
Ecolab outbound shipping.
Waste generated in operations represents global waste
emissions from waste disposed via landfill, incineration,
recycling, anaerobic digestion and composting based on actual*2022 is the base year for Ecolab's Scope 3 GHG emissions data••

1,122,059

1,052,009

7,115,724

6,406,108

destination sources for Ecolab’s hazardous andnonhazardous waste streams. Data quality is consistent with
inputs from our global database on sustainability metrics.
Data on waste quantity are obtained and reported fromglobal sites. Emissions from waste are calculated using
methodologies and emission factors from the EPA’s Waste
Reduction Model (WARM). Landfill emissions factors areused directly from WARM. This model bases its emissions
calculations on a life-cycle analysis, including emissions fromthe long-term decomposition of waste in a landfill andupstream sources/sinks. GWPs are from the IPCC (2007)
Fourth Assessment Report. For all categories except landfill,
the WARM method has been adjusted to align with the GHG
Protocol's Corporate Value Chain (Scope 3) Standard, basedon emissions for transport to destination and processing ofmaterials prior to reaching the end destination (be it
recycling, incineration or other).
The scope of business travel emissions is global. Defra 2022
emissions factors were used to calculate Scope 3 businesstravel emissions. Data on air, rail and vehicle mileage is
supplemented by procurement spend data where gaps inmileage data exist. Supplementary spend data is assessedusing Environmentally Extended Economic Input Output (EEIO)
analysis, applying factors from US EPA Supply Chain GHG
Emission Factors for US Commodities and Industries v1.1.1.
Employee commuting emissions are estimated based on total
Ecolab employees globally, and specifically global sales andservice associates. For a portion of the latter group, Ecolab
provides company-owned vehicles for employees to get to••

Other indirect (Scope 3) GHG emissions• We used an environmentally extended input-output (EEIO) analysis
for annual procurement spend data. This is a categorization model
to convert $USD spend based on relevant NAICS sector categories into
carbon emissions associated with the extraction, production andtransport of purchased goods and services, capital goods, upstream
transportation and distribution, and a portion of business travelpurchased by Ecolab in the reporting year. Beginning with our 2022
greenhouse gas inventory, we switched our EEIO approach from
Carnegie Mellon 2002 to US EPA Supply Chain GHG Emission Factors for
US Commodities and Industries v1.1.1, as these factors are more
temporally representative.
• For a portion of our purchased goods and services footprint associatedwith key raw chemicals, we replace an EEIO spend-based emissions
calculation approach with a secondary life cycle analysis (LCA)
approach, multiplying chemical volume against secondary LCA factors
from Ecoinvent v3.10 to estimate emissions.
• For a portion of our purchased goods and services, capital goods,
and upstream transportation and distribution footprint, we replace an
EEIO spend-based emissions calculation approach with supplier-specificdata collected via CDP Supply Chain.

and from work as a part of their customer service job
functions. We have estimated that two thirds of these
employees use company owned (i.e., Scope 1 emissions)vehicles for their commuting activity. For remaining
employees, we assume each employee commutes via vehicle
traveling the U.S. National Household Travel Survey average
distance per day for 261 business days per year. Particularly
with the rise in remote work and hybrid models, we consider
this to be a conservative estimate.
The scope for use of sold products is limited to Ecolab’s Food
& Beverage and Nalco Water 3D TRASARTM units anddishmachine portfolio. For the Food & Beverage and Nalco
Water 3D TRASAR calculations, lifetime use-phase emissions
are estimated as new unit sales in the year * estimated annual
electricity consumption * grid emissions factor * average
product lifespan. For Ecolab’s dishmachine rental program,use-phase emissions are estimated as unit rentals * estimatedannual electricity consumption * grid emissions factor *average customer total lease period. In 2022, new unit figures
were utilized and in 2023, net unit figures were used due todata consolidation.
Using the sales data from the use of sold products methodology
and related calculations, Ecolab assigned product type
categories with available secondary LCA studies to estimate theend-of-life emissions, and related recycling, landfill and/or
energy recovery rates per product category. For some products
where product weight is readily available, Ecolab multiplied theweights by the appropriate US EPA WARM emissions factorsthat is weighted by waste destination (based on US EPA

•

•

•
•
•

research into waste destinations) to calculate tons of CO2e per
metric ton of material disposed, by destination and material. GWPs
are from the IPCC Fourth Assessment Report.
Investments emissions represent emissions associated with Ecolab
joint ventures which are not already captured in the Scope 1 andScope 2 inventory. Emissions are estimated using the equity shareapproach and assuming GHG intensity of joint ventures is
equivalent to Ecolab’s Scope 1, Scope 2 and upstream Scope 3 GHG
intensity per revenue (USD). We consider this to be a conservative
approach. Although this Scope 3 category is not considered
relevant to Ecolab (<5% of our total Scope 3 footprint), we will seek
to refine our accounting approach via the collection of primary datain coming years.
In alignment with the WBCSD Guidance for Accounting
and Reporting Corporate GHG Emissions in the Chemical Sector
Value Chain, Ecolab is not reporting processing of sold products
emissions on the basis that such emissions are difficult toaccurately estimate, not strategically relevant to Ecolab, and are
therefore not relevant and not required. Ecolab’s primary productcategories are final products which do not require processing.
Product categories for which there may be intermediate processing
are diverse in application and customer structure. As accounting
methodologies and data availability for the chemical sector evolve,
Ecolab will continue to evaluate if processing of sold products
emissions may be reasonably estimated.
Ecolab's upstream leased assets are included in the Scope 1 and 2
GHG inventory.
Ecolab does not have any downstream leased assets.
Ecolab does not have any franchises.

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix103

Performance data
Emissions

2021

2022

2023

0.002

0.148

0.050

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total

0.002

0.148

0.050

Asia Pacific

27.5

26.2

15.9

109.1

105.5

36.3

1.1

1.0

1.4

Asia PacificeEurop
Ozone depleting
Greater China
substances (ODS)
India, Middle East, Africa(MT CFC-11
Latin America
equivalents)
North AmericaeEurop
Greater China
NOx emissions(MT)

India, Middle East, Africa

3.6

3.6

3.9

Latin America

3.9

4.0

5.4

North America

169.3

176.7

220.6

Total

314.5

317

283.5

Asia Pacific

0.76

0.54

0.41

1.64

1.55

1.34

Greater China

0.15

0.23

0.02

India, Middle East, Africa

0.78

1.71

1.83

Latin America

0.25

0.41

0.05

North America

1.71

1.76

1.99

Total

5.29

6.20

5.64

NOx emissions intensity

0.0001100.000109

0.000099

SOx emissions intensity

0.000002

0.000002

0.000002e
Europ
SOx emissions(MT)

NOx and SOx
emissions
intensities(MT / MT)

Ozone-depleting substances (ODS) emissions
No ozone-depleting substances (ODS) are used in the production of Ecolab
products. The ODS reported are used in chiller and HVAC systems in
Ecolab manufacturing facilities. The scope of this metric is all supply chain
manufacturing facilities, as reported. Substances included in calculations
include R22, R123 and R124A. Emissions factors from the Montreal Protocol
were used.
NOx and SOx emissions
The scope of NOx and SOx reporting is global facility and fleet fuel use.
Intensity unit is MT of emissions per MT of product produced.

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix104

Performance data
Emissions

2021

2022

2023

Total energy use

6,525,882

6,677,412

6,762,153

Total electricity use

1,393,360

1,441,111

1,389,277

Total renewable electricity use

826,948

878,078

893,931

Total self-generated energy

56,30561,766

91,144

Energy use intensity

0.00230.00230.0024

Electricity use intensity

0.00050.00050.0005

Electricity sold

6,784

7,356

11,478Natural gas

2,845,827

2,883,535

3,122,425

Gasoline

1,553,489

1,579,705

1,571,920ee
Di s l505,657

513,814379,793

LPG

12,117

14,40837,646

Ethanol

3,916

5,805

10,526

Distillate fuel oil (#1, 2, 4)

6,590

9,833

8,583

Total energy use(GJ)

Energy intensity(GJ / kg)Electricity sold
(GJ)

Direct energy
consumedby source(GJ)

Residual fuel oil (#5, 6)

Indirect energy
consumedby source
(GJ)

1,936

1,294

3,382

Total

4,929,532

5,008,394

5,134,275e
El ctricity

566,412563,033

495,345e
St am

196,461

220,724

230,677

6,530

7,183

7,922

Reduction ofenergy consumption
resulting fromconservation andenergy efficiency
initiatives(kWh)

Purchased chilled water
Solar

753

2,265

3,637

Total

770,156

793,205

737,581

Asia Pacific

175,261-

118,473eEurop

236,965

6,227,364

706,278

-

-

-

-

54,195-57,622-112,980

Greater China
India, Middle East, Africa
Latin America
North America

1,109,074

3,226

733,384

Total

1,578,922

6,284,785

1,671,115

Energy intensity
All energy and electricity use within the organization is included. Intensity
unit is GJ of energy used per kg of product produced.
Electricity sold
Our facility in Naperville, Illinois, has an onsite tri-generation facility that
produces most of the electricity used by the facility and all the chilled waterand steam used for cooling and heating the building. Any unused electricity
is sold back to the grid.
Reduction of energy consumption resulting from conservationand energy efficiency initiatives
The scope of energy consumption reductions includes global supply chain
manufacturing facilities that reported energy efficiency projects. Energy
savings represent a combination of direct measurements and estimations
using best-practices methodologies, as reported. This is a voluntarily
reported metric and therefore may not represent all projects completed inreported years.

Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix105

Performance data
Water

2018*

2021

2022

2023

9,421,505
1,114,809
1,248,413
4,463
11,789,190

7,950,573
1,231,573
1,083,367
12,640482
10,278,635

8,521,183
1,284,702
758,506
30,772
10,595,163

8,372,620
968,056
782,068
37,43010,160,174

3.84

3.61

3.64

3.54

3,759,328
517,323
184,198
4,460,849

3,659,936
480,361
167,617
4,307,914

3,947,545
346,441
118,390
4,412,376

5,032,050
375,969
26,692
36,076
5,470,607

Total water recycled and reused (cubic meters)

270,740

557,762

286,875

300,324

Total water recycled and reused as apercent of total withdrawal

2.3%

5.4%

2.0%

2.9%

Water withdrawal
by source(Cubic meters)

Municipal water or other water utility
Groundwat
e rSurface water
Rainwate r
Wastewater from another organization
Total

Water withdrawal
intensity(Cubic meters / MT)

Water withdrawal intensity

Municipal water or other water utility
Water withdrawal
Surface waterby source from
Groundwat
e rwater-stressed arease
Rainwatr(Cubic meters)
Total
Total water recycled
and reused
Total water
replenished(Cubic meters)

Total water replenished-

512,923624,214

1,158,336

Water discharge
by destination(Cubic meters)

Sewer to treatment facility
Over land / surface water
Hauled off-site
Deep well injection
Solidification
Total

8,165,726
995,82289,86930
12,224
9,263,671

7,574,029
867,680
98,995
2,913
8,543,617

7,164,684
1,317,625
251,1164,354
8,737,779

3,666,962
2,832,336
38,601
14,575
3,666
6,556,140

Water discharge
intensity(Cubic meters / MT)

Water discharge intensity

3.02

3.00

3.00

2.29

Water discharge
by quality (MT)Biological oxygen demand (BOD)
Chemical oxygen demand (COD)
Total suspended solids (TSS)

1,633
28
2,887

1,481
3,351
1,498

1,258
2,481
1,628

1,918
6,463
417

Total water consumed within the organization

2,525,519

1,735,017

1,857,684

2,445,700

Total water consumed in water-stressed areas

730,117432,632

413,280735,840

Water consumption(Cubic meters)

Water withdrawal
The scope of water withdrawal by source data includes global
manufacturing and headquarters/RD&E facilities, whereas water withdrawal
intensity includes all Ecolab sites. Intensity unit is cubic meters of water per
MT of product produced.

Water withdrawal by source from water-stressed areas
In alignment with GRI standards, Ecolab defines water-stressed areas
as areas designated as having "high" or "extremely high" baseline water
stress according to WRI's Aqueduct Water Risk Atlas tool. Data is basedon Aqueduct 4.0, the latest version of the Aqueduct tool. Included in thescope of this metric is all water withdrawal from Ecolab manufacturing andcampus/technology center facilities where production occurs, which for2023 represents 53.1% of Ecolab's global water footprint.

Total water recycled and reused
The scope of water recycled and reused data includes global supply chain
manufacturing facilities that reported water recycling projects. Figures
represent a combination of direct measurements and estimations using bestpractices methodologies, as reported. This is a voluntarily reported metric andtherefore may not represent all projects completed in reported years.
Total water replenishedThe scope of water replenished includes volumetric water benefits resulting
from funded projects and verified by LimnoTech.

Water discharge
The scope of water discharge by destination includes global manufacturingand headquarters/RD&E facilities, whereas water discharge intensity
includes all Ecolab sites. Intensity unit is cubic meters of water per MT of
product produced.
Water discharge by quality• The scope of water quality data is global supply chain manufacturing
facilities.
• In 2018, 44%, 15% and 54% of water discharge is represented in BOD,
COD and TSS volumes, respectively.
• In 2021, 35%, 38% and 50% of water discharge is represented in BOD,
COD and TSS volumes, respectively.
• In 2022, 55%, 38% and 49% of water discharge is represented in BOD,
COD and TSS volumes, respectively.
• In 2023, 59%, 57% and 52% of water discharge is represented in BOD,
COD and TSS volumes, respectively.
Water consumption
Water consumption takes into account market-based solutions and is
calculated as Water withdrawal - Water discharge - Water replenished.

*2018 is the base year for Ecolab's water dataEcolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix106

Performance datae
Wast

Material use

2021

2022

2023

Raw material used (nonrenewable) (MT)2,658,482

2,722,292

2,402,816

Plastic material used in packaging (MT)24,94752,07434,181

Recycled plastic material used in packaging (MT)

2,131

2,269

2,758

Percentage of recycled plastic packaging material

8.5%

4.3%

8.0%

Post-consumer resin (PCR) used in packaging (MT)

2,496

2,269

2,758

Reconditioned drums purchased

1,021

1,531

1,521

Reconditioned intermediate bulk containers (IBC) purchased

44

725

744

Containers returned for reuse

2,387

1,576

1,529

Landfill

17,754

14,543

17,175

Energy recovery

2,578

1,448

6,814

Wastewater treatment

269

11,404

6,638

2,679

1,363

4,900

2,253

2,362

4,002

774

560

1,158

2,358

3,790

181

e
Tr atm nt
Nonhazardous ee
R cyclingsolid waste bydestination
e
e
R us
(MT)
Compost / land farmeIncin ration

82

9

-

Total

28,74735,47940,868Landfill

30,20032,681

23,225

Energy recovery

2,129

4,158

17,766

4,967

5,792

12,616

6,505

9,418

12,535

Wastewater treatmentee
Tr atm nte
R us
Hazardous solide
waste byDeep well injection
destinatione
R cycling(MT)
Compost / land farmeIncin ration
Fuel blending

1,461

1,400

3,115

-

2,598

1,965

1,084

727

725

373

169

2

183

-

-

63

-

-

56,943

71,949

Total

Waste intensities(MT / MT)

Nonhazardous solid waste intensity

0.01

0.01

0.01

Hazardous waste intensity

0.01

0.02

0.03

Material use
The scope of raw material data is limited to global supply chain
manufacturing facilities. Ecolab purchases reconditioned drums and uses
reusable containers to avoid the use of virgin plastic. The scope of postconsumer resin packaging is North America, Europe and China. The scopeof reconditioned and reusable packaging is North America and Europe.
Nonhazardous solid waste by destination
All waste is disposed of directly by the organization or otherwise directly
confirmed by the waste disposal contractor. The scope of nonhazardous
waste by destination is global manufacturing facilities and headquarters/
RD&E facilities. The scope of recycled nonhazardous waste is global supply
chain manufacturing facilities.
Hazardous solid waste by destination
All waste is disposed of directly by the organization or otherwise
directly confirmed by the waste disposal contractor. The primary typeof hazardous waste that Ecolab produces is process waste from vessel
washouts, equipment cleaning, etc. Generally, this waste is corrosive or
flammable, which is why it is deemed hazardous. The scope of hazardous
waste by destination is global manufacturing facilities and headquarters/
RD&E facilities. In 2023, hazardous waste volumes for historical years
were restated due to improved data reporting.
Total waste and waste intensities
Intensity unit is MT of waste per MT of product produced.

Contents

Ecolab’s 2023 Growth & Impact Report

Performance data

About

Our Approach

Global diversity by job level, gender and age

Employment data is reported in head count at the endof reporting period (31 December 2023). Contingent
workers are not included in employment data. The mostcommon type of contingent workers (90%) performs
routine, regular work of Ecolab employees. The numberof global active contingent workers in 2023 was
3,958. Employment data does not include temporary
employees, interns or co-ops, which account for lessthan 0.8% of our total workforce.

39,212 Individual contributorseMal
Gender as a ee
F malpercent of total
Not specified
Age group as apercent of total>50 years old
30–50 years old<30 years oldeMalGender as a
e
e
F mal
percent of total
Not specified

Employee typeFemaleMale

Unspecified

Total

Full time
Part time
Total

13,220480
13,70034,287
180
34,467442
11453

47,949671
48,620Age group as apercent of total>50 years old
30–50 years old<30 years old

70.6%
28.3%
1.1%
21.8%
58%
20.2%

Global employee information bymarket and gender
RegionFemaleMale

Unspecified

Total

Asia Pacific
Europ
e

964
3,107

2,630
6,403

3
337

3,597
9,847

Greater China
712
India, Middle East, 870
AfricaLatin America
1,376
North America
6,671
Total
13,700

2,794

-

3,506

2,277

1

3,148

4,084
16,27934,467

16
96
453

5,476
23,04648,260

71.8%
28.1%
0.1%
29.8%
67.2%
3.1%

1,775 Management employeeseMal
Gender as a
e
e
F mal
percent of total
Not specified
Age group as apercent of total>50 years old
30–50 years old<30 years old

Age group as apercent of total>50 years old
30–50 years old<30 years old

Age group as apercent of total>50 years old
30–50 years old<30 years old

Appendix

Ethnic/racial diversity of U.S. Employees

Minority
Non-minority
Not specified

36.8%
61.3%
1.9%

3,170 Junior management employees
Minority
Non-minority
Not specified

20.3%
77.8%
1.9%

1,178 Management employees
Minority
Non-minority
Not specified

73.9%
25.6%
0.5%

Minority
Non-minority
Not specified

44.3%
55.4%
0.2%

12 Members of the Board of Directors

63.2%
36.8%
0%
57.9%
42.1%
0%

12 Members of the Board of DirectorseMal
Gender as a
e
e
F mal
percent of total
Not specified

Governance

18.4%
80.4%
1.2%

17 Top management employees

19 Top management employeeseMal
Gender as a
e
e
F mal
percent of total
Not specified

Social

14,860 Individual contributors

7,614 Junior management employees

Global employee information by
employment typeEnvironment

58.3%
41.7%
0%
100%
0%
0%

Minority
Non-minority
Not specified

29.4%
70.6%
0%

16.7%
83.3%
0%

107

Contents

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About

Our Approach

Environment

SocialGovernanceAppendix

Performance data
Based on the average number of employees in each market, our global combined turnover rate in 2023 was 15.8%, of which 10.7% was voluntary and 5.0% was involuntary.

Global new employee hire rates*
Based on 8,365 hires

Global voluntary turnover rates*
Based on 5,155 voluntary terminations

Global involuntary turnover rates*
Based on 2,425 terminations

Asia PacificFemale

Male

Total

Asia PacificFemale

Male

Total

Asia PacificFemale

Male

Total

>50 years old
30–50 years old<30 years old
Total

3.0%
18.5%
50.4%
20.3%

3.9%
11.6%
52.3%
14.2%

3.7%
13.5%
48.4%
15.7%

>50 years old
30–50 years old<30 years old
Total

12.2%
9.9%
14.0%
10.9%

12.0%
9.2%
16.8%
10.7%

12.1%
9.5%
18.2%
11.1%

>50 years old
30–50 years old<30 years old

1.2%
1.1%
0.0%

1.6%
1.2%
0.4%

1.5%
1.2%
0.7%

Total

1.0%

1.2%

1.2%

4.1%
1.9%
2.6%
2.5%

6.0%
2.9%
4.3%
4.0%

5.3%
2.4%
3.5%
3.4%

6.3%
2.8%
2.8%
3.1%

3.4%
2.9%
3.1%
3.0%

3.8%
2.9%
3.1%
3.0%

16.4%
1.7%
2.0%
2.5%

4.0%
2.0%
2.6%
2.3%

6.0%
1.9%
2.4%
2.4%

12.2%
7.5%
5.8%
7.3%

9.7%
10.1%
9.5%
10.0%

10.1%
9.6%
8.5%
9.5%

4.4%
6.0%
9.7%
6.6%

4.1%
5.2%
10.5%
5.6%

4.2%
5.5%
10.2%
6.0%

Europe>50 years old
30–50 years old<30 years old
Total

Europe
3.7%
9.2%
31.5%
10.9%

3.1%
9.1%
30.9%
8.9%

3.1%
9%
29.9%
9.4%

6.3%
6.4%
34.5%
9.2%

4.3%
7.1%
23.6%
9.4%

4.6%
6.9%
25.3%
9.4%

Greater China>50 years old
30–50 years old<30 years old
Total

7.8%
7.3%
13.7%
8.0%

7.7%
7.6%
14.7%
8.4%

>50 years old
30–50 years old<30 years old
Total

6.9%
16.4%
8.2%

10.7%
6.9%
16.6%
8.3%

0%
11.1%
58.3%

1.1%
13.8%
60.3%

0.9%
13.2%
59.6%

Total

31.3%

25.3%

26.9%

Latin America>50 years old
30–50 years old<30 years old
Total

7.0%
16.6%
8.4%

7.5%
18.1%
49.7%
21.9%

6.8%
18.4%
48.8%
23.1%

North America>50 years old
30–50 years old<30 years old
Total

14.8%
8.1%
14.8%
11.8%

11.6%
10.2%
11.6%
10.4%

13.0%
9.7%
13.0%
10.8%

7.9%
17.7%
45.1%
18.8%

*New hires or terminations divided by average end-of-period headcount

7.8%
17.8%
45.2%
19.9%

>50 years old
30–50 years old<30 years old
Total>50 years old
30–50 years old<30 years old
Total

Latin America
5.1%
10.9%
23.3%
14.2%

4.4%
8.9%
19.5%
10.1%

4.5%
9.4%
21.3%
11.2%

North America
7.9%
18.0%
45.5%
22.9%

>50 years old
30–50 years old<30 years old
Total

India, Middle East, Africa

Latin America
3.0%
19.6%
47.9%
26.9%

>50 years old
30–50 years old<30 years old
Total

Greater China

India, Middle East, Africa>50 years old
30–50 years old<30 years old>50 years old
30–50 years old<30 years old
Total

7.2%
8.2%
16.6%
9.1%

Greater China

India, Middle East, Africa>50 years old
30–50 years old<30 years old
Total>50 years old
30–50 years old<30 years old
Total

Europe>50 years old
30–50 years old<30 years old
Total

North America
6.6%
11.2%
25.2%
13.8%

8.2%
10.4%
20.2%
11.2%

7.9%
10.6%
22.5%
12.0%

>50 years old
30–50 years old<30 years old
Total

108

Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialAppendix

Governance

Performance data
Performance review completion rates

Learning adoption rates*
Employee level
Individual contributor
Junior managementeeManag m nt
Top management
Total
Gender
e
e
F mal
e
Mal
Not specified
Total

e
e
Compl t d

38,622
7,524
1,723
18
47,887

Total%

39,212
7,614
1,775
19
48,620

98%
99%
97%
97%
98%

e
e
Compl t d

Total

%

13,46833,983436
47,887

13,70034,467453
48,620

98%
99%
96%
98%

*Percent of employees who have completed at least one learning course

Gender

2021

2022

2023

FemaleMale
Not specified

99%
99%
94%

99%
99%
100%

99%
100%
100%

RegionAsia PacificeEuropGreater China
India, Middle East, Africa
Latin America
North America
Total

2021

2022

2023

100%
100%
100%
99%
100%
99%
99%

100%
100%
100%
100%
100%
99%
99%

99%
100%
100%
100%
100%
100%
99%

109

Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialAppendix

Governance

Performance data
Ecolab global operations conform to the Occupational Safety and Health Administration (OSHA) injury reporting standards. The data
provided cannot be broken down by gender and does not include independent contractors, except where stated otherwise.

Total recordable incident rate (TRIR)
Number of incidents per 200,000 working hours

Greater China
International markets
North America
e
Europ
Total

Total vehicle accident rate (TVAR)
Number of vehicular accidents per million miles driven

2022

2023

% Change vs. 2022

2022

2023

% Change vs. 2022

0.05
0.36
1.47
0.45
0.88

0.02
0.41
1.34
0.60
0.87

-60%
14%
-9%
33%
-1%

0.42
1.96
2.12
2.88
2.14

0.38
1.84
1.95
2.65
1.98

-10%
-6%
-8%
-8%
-7%

Greater China
International markets
North America
e
Europ
Total

Severe vehicle accident rate (SVAR)*
Number of severe vehicular accidents per million miles driven

Lost time incident rate (LTIR)
Number of incidents with lost days per 200,000 working hours

North America

2022

2023

% Change vs. 2022

0.67

0.58

-13%

Global2022

2023% Change vs. 2022

0.06

0.07

17%

Occupational illness frequency rate (OIFR)
Number of occupational illnesses per 200,000 working hours

Greater China
International markets
North America
e
Europ
Total

2022

2023

% Change vs. 2022

0.00
0.07
0.06
0.06

0.00
0.04
0.09
0.00

-43%
50%
-100%

0.06

0.05

-17%

2022

2023

% Change vs. 2022

0
0

1
0

100%
-

Fatalities

Ecolab employees
Contract employees*Includes fatalities, bodily injuries, vehicle rollovers, incidents involving drugs and/or alcohol and environmental spills to ground or waterways

110

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix

About this report
Forward-looking statements may
represent challenging goals for us.
These statements, which represent
our expectations or beliefs concerning
various future events, are based on
current expectations that involve a
number of risks and uncertainties that
could cause actual results to differ
materially from those of such forwardlooking statements. We caution that
undue reliance should not be placed onsuch forward-looking statements, which
speak only as of the date made.

The Ecolab Growth & Impact Report
documents Ecolab’s sustainability andenvironmental, social and governanceperformance on an annual, calendar
year basis. This report includes Ecolab’s
performance from 1 January – 31
December 2023, unless otherwise statedand covers all of Ecolab’s global entitiesof which we have operational control,
including our global offices, manufacturing
plants and research, development andengineering facilities.
This report has been prepared inaccordance with the Global Reporting
Initiative (GRI) Standards and includes
material Sustainability Disclosure
Topics and Accounting Metrics from theSustainability Accounting Standards
Board (SASB) Chemicals and Professional
Services Standards. Additionally, thisreport addresses core Stakeholder
Capitalism Metrics released by the World
Economic Forum and its International
Business Council and considers
recommendations and supporting
disclosures of the Financial Stability
Board (FSB) Task Force on Climate-related
Financial Disclosures (TCFD).
In keeping with our commitment totransparency and disclosures, Ecolab
reports performance data to the annual
S&P Global Corporate Sustainability
Assessment and CDP’s Climate Change,
Water Security and Supply Chain surveys.
In addition, we are a signatory of theUnited Nations Global Compact and filean annual Advanced Communicationof Progress.

Information in this report is current as of
19 August 2024. Ecolab assumes noobligation and does not intend to update
this report to reflect any changes to
Ecolab’s business or strategy. All
references to dollars are to U.S. dollars.

Cautionary note regarding
forward-looking statements andrisk factors
This Report contains “forward-looking
statements” as defined in the Private
Securities Litigation Reform Act of 1995
regarding items such as long-term
potential of our business, environmental
contingencies, sustainability goals andhuman capital aspirations, productdevelopment, market position andbusiness strategy.
Without limiting the foregoing, words orphrases such as “will likely result,” “areexpected to,” “will be,” “will continue,” “isanticipated,” “we believe,” “we expect,”“estimate,” “project”, "aspire to" (including
the negative or variations thereof),“intends,” “could,” or similar terminology,
generally identify forward-looking
statements. Except as may be required
under applicable law, we undertakeno duty to update our forward-looking
statements.

Forward-looking and other statementsin this document may also address oursustainability initiatives, goals, targets
and progress, and the inclusion of suchstatements is not an indication thatthese contents are necessarily material
to investors or required to be disclosed
in our filings with the SEC. In addition,
historical, current, and forward-looking
sustainability-related statements may
be based on standards for measuring
progress that are still developing,internal controls and processes that
continue to evolve, and assumptions
that are subject to change in the future
and performance against our goals andtargets may differ from such forwardlooking statements in such event. Fora further discussion, please refer tothe Company's disclosures entitled“Forward-Looking Statements and Risk
Factors,” which begins on page 16 of theForm 10-K contained within the 2023
Annual Report and our other public
filings with the Securities andExchange Commission.

111

Ecolab’s 2023 Growth & Impact Report

Contents

About

Our Approach

Environment

SocialGovernanceAppendix

About this report
Reporting changes andrestatements
To improve accuracy and actionability,
Ecolab strives for continuous improvementin accounting and reporting ofenvironmental, social and governancemetrics within our direct operations andvalue chain. Additionally, accounting
methodologies and reporting requirements
may evolve as best practices and data
availability change. For this reason,
historical reporting in this report may differ
from previously published information.
We continue to implement new datamanagement collection processes
for energy and water invoices for all
owned and operationally controlled fixedfacilities. Globally, Ecolab had
a 76% invoice compliance rate in
2023, meaning that 76% of all energy andwater invoices from owned andoperationally controlled fixed facilities
included in our invoice collection systemwere used to compile 2023 data.

Environmental inventory changes
In 2018 we updated the accounting
method we use to report Scope 1
and Scope 2 greenhouse gas (GHG)
emissions progress against climate
targets from location-based to marketbased. This allows Ecolab to account for
renewable electricity purchases in North
America, Europe and other markets. In
2020, Ecolab completed a divestiture of its
upstream energy business. Ecolab’s
environmental inventories for 2019 andyears prior have been revised to accountfor this divestiture.

In 2021, Ecolab acquired Purolite, aleading and fast-growing global providerof high-end ion exchange resins for the
separation and purification of solutions
for pharmaceutical and industrial
applications. Purolite has been includedin Ecolab’s environmental reporting since2022, and years prior have been revised
to account for this acquisition.
In 2022, Ecolab revised its historical
reporting on Scope 3 emissions
categories including purchased goods
and services, capital goods, upstream
transportation and distribution anda portion of business travel to reflecta switch to the United States (US)
Environmental Protection Agency
Supply Chain GHG Emission Factors for
US Commodities and Industries v1.1.1,
as these factors are more temporally
representative. In 2023, reporting on
emissions attributed to purchased goods
and services reflect the integrationof supplier-specific data, adding toan environmentally extended input
output (EEIO) spend-based emissions
calculation approach. Supplier-specificemissions allocations were collected via
the CDP Supply Chain survey.
Reporting on use of sold products
emissions for our dishmachine rental
program has been improved andintegrates sales data collected in Europe,
Greater China, Latin America and North
America. Reporting on investments
emissions reflects an estimate ofEcolab’s joint venture emissions underthe equity share approach.

Third-party assurance
Apex Companies, LLC provided thirdparty assurance for Ecolab’s publicly
reported 2023 Growth & Impact Report.
This is the ninth year in a row they haveprovided assurance for Ecolab’s report.
Apex completed its Limited Assurance
level evaluation of the Report inaccordance with the Apex’s standard
procedures and guidelines for external
Assurance of Sustainability Reports andInternational Standard on Assurance
Engagements (ISAE) 3000 Revised,
Assurance Engagements Other than
Audits or Reviews of Historical Financial
Information (effective for assurance
reports dated on or after Dec. 15, 2015),
issued by the International Auditing andAssurance Standards Board and against
the principles of the Global Reporting
Initiative (GRI) Reporting Framework as

defined in the GRI Standards
Sustainability Reporting Guidelines. On
the basis of the methodology and theactivities described above, Apex has
found no evidence that the Subject
Matter included in the Report has notbeen properly prepared, in all material
respects, in accordance with theReporting Criteria and that Ecolab has
established appropriate systems for thecollection, aggregation and analysis of
relevant information, and has implemented
underlying internal assurance practices
that provide a reasonable degree ofconfidence that such information iscomplete and accurate.
Access the 2023 Ecolab Growth& Impact Report AssuranceStatement

112

Contents

Ecolab’s 2023 Growth & Impact Report

About

Our Approach

Environment

SocialGovernanceAppendix

Reporting reference tables and indexes
Global Reporting Initiative(GRI) Content Index
The Global Reporting Initiative (GRI) Index
provides an overview of the material
sustainability-related disclosures containedin the 2023 Ecolab Growth & Impact
Report, 2023 Ecolab Annual Report andForm 10-K and other sources according to
GRI 1: Foundation 2021 Standard.

Access Ecolab’s GRI Index

Sustainability AccountingStandards Board (SASB)
Reference Table
The Sustainability Accounting Standards
Board (SASB) is an independent,
standards-setting organization that
promotes disclosure of material
sustainability information to meet investor
needs. Our SASB Table references
the Standards for the Chemicals andProfessional Services industries as
defined by SASB’s Sustainable Industry
Classification System (SICS) and outlines
where Ecolab addresses each topic.

Access Ecolab’s SASB
Reference Table

Task Force on Climate-Related
Financial Disclosures (TCFD) Index
The Financial Stability Board created theTask Force on Climate-related Financial
Disclosures (TCFD) to improve andincrease reporting of climate-related
financial information. Our TCFD Index
includes details on climate-related
matters across governance, strategy, risk
management and target-setting processes.

Access Ecolab’s
TCFD Index

World Economic Forum (WEF)
Stakeholder Capitalism Metrics
Reference Table
The World Economic Forum (WEF)
Stakeholder Capitalism Metrics are a setof universal and comparable disclosures
focused on people, planet, prosperity
and principles of governance that areconsidered most critical for business,
society and the environment, regardlessof region or industry. Our WEF Table
identifies where Ecolab addresses eachof the 21-core metrics.

Access Ecolab’s
WEF Reference Table

For more information• 2023 Annual Report and Form 10-K
• 2023 CDP Climate Change Report• 2023 CDP Water Security Report• 2022 Corporate Responsibility Report

113

Stay up to dateon our progress
Visit our Corporate Responsibility
page on ecolab.com

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