MAKING BETTERESSENTIAL

2023 CORPORATE RESPONSIBILITY REPORTABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXTABLE OF CONTENTSFROM OUR LEADERSHIP .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 3ABOUT PENTAIR.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 4WHO WE ARE.............................................................................. 5
WHAT WE DO.............................................................................. 6
COMPANY OVERVIEW................................................................. 7

MAKING BETTER ESSENTIAL. .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 82023 SOCIAL RESPONSIBILITY HIGHLIGHTS............................... 9
SOCIAL RESPONSIBILITY PROGRESS.........................................10
STRATEGIC TARGETS PROGRESS HIGHLIGHTS.......................... 11
MATERIALITY ASSESSMENTS....................................................12

PLANET .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 13

WATER STEWARDSHIP.............................................................. 26

ABOUT THIS REPORT .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 46

WASTE...................................................................................... 28

SCOPE...................................................................................... 47
MATERIALITY............................................................................ 47

PEOPLE .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 29
TALENT.................................................................................... 30
DIVERSITY, EQUITY, AND INCLUSION.......................................... 31
EMPLOYEE HEALTH AND WELLNESS........................................ 33

REPORT LINKS......................................................................... 47
RECASTS AND CORRECTIONS................................................... 47
FEEDBACK............................................................................... 48

OCCUPATIONAL HEALTH AND SAFETY...................................... 34

CAUTION CONCERNINGFORWARD-LOOKING STATEMENTS........................................... 48

SUPPLY CHAIN......................................................................... 35

ASSURANCE............................................................................. 49

PRODUCT QUALITY................................................................... 36

ESG INDEX .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 51

COMMUNITY IMPACT..................................................................37

GOVERNANCE.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 39

GLOBAL REPORTING INITIATIVE INDEX..................................... 52
SUSTAINABLE ACCOUNTING STANDARDS BOARD INDEX............67
TASK FORCE ON CLIMATE-RELATED FINANCIALDISCLOSURES INDEX................................................................ 68

PRODUCT DESIGN FOR SUSTAINABILITY....................................14

SOCIAL RESPONSIBILITY GOVERNANCE
AND RISK MANAGEMENT.......................................................... 40

MOVE WATER............................................................................. 15

ETHICAL BUSINESS PRACTICES................................................ 41

REPORT PHOTOGRAPHY

IMPROVE WATER........................................................................18

LABOR AND HUMAN RIGHTS..................................................... 42

ENJOY WATER........................................................................... 21

INFORMATION SECURITY AND DATA PRIVACY............................ 43

CLIMATE AND GREENHOUSE GAS EMISSIONS........................... 24

CORPORATE ASSOCIATIONS AND CONTRIBUTIONS................... 45

Pentair invited employees to submit photos forpotential inclusion in this report, bringing our
purpose to life through their eyes. Please enjoy
the imagery and perspectives of our employees,
where indicated, as you read this report.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT2

ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXFROM OUR LEADERSHIP
LIVING OUR PURPOSE
As a purpose-driven company, we are energizedeach day by the positive impact we can make increating a better world for people and the planet
through smart, sustainable water solutions.
Pentair’s sustainability and social responsibility
strategy is aligned with our business strategy to help
drive long-term value for our stakeholders while we
reduce our impact on the environment. Through ourthree business segments, we are well-positioned tosolve some of the world’s toughest water challenges:
Pentair Flow delivers solutions to move water where
it’s needed and removes water from where it’s notwanted; Pentair Water Solutions helps improve

MAKING BETTER ESSENTIAL
At Pentair, we believe we have a unique opportunity topositively impact our world by Making Better Essential
through the collective efforts of our dedicatedemployees, customers, and partners. This focus on
making life’s essential resources better for people andthe planet guides our social responsibility program.
We are pleased with our continued momentum insocial responsibility and our progress on our Social
Responsibility Strategic Targets, with key highlights
as follows:	 Total Scope 1 and 2 GHG emissions decreased
30.9% compared to the 2019 baseline	 Our absolute water withdrawal decreased 22.9%
compared to the 2019 baseline, an improvementof ~22 percentage points as compared to 2022
PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

water quality and taste; and Pentair Pool enables
people to enjoy water, more safely and sustainably.
Improving the world around us is essential to the
products we design, the solutions we create, thecustomers and communities we serve, and how
we operate. Together with our customers we areinspired that we can make a positive impact, and weare proud that our sustainability efforts have beenrecognized by several leading organizations. This
includes being named by Newsweek as one of America’s
Greenest Companies 2024, by Real Leaders with a
Most Innovative Model Award as part of its Top Impact
Companies, and as a 2023 ENERGY STAR® Partnerof the Year for the eleventh consecutive year.

We assessed 100% of new products using our
product sustainability scorecard
We assessed the ESG maturity of approximately
73% of our top 80% of existing suppliers by spend
We continued to advance an inclusive anddiverse workforce
Our progress is a result of the impactful contributions
from our engaged employees. I am inspired by theiractions and, for the second year in a row, their passion isbrought forth in this report through their own photos ofthe environment.
As we look to the future, we believe we are wellpositioned to continue our leadership as a sustainable
company. We took steps this past year so that
we are prepared for the evolving disclosure andreporting landscape both in the United States andWe know there is more work to do, and webelieve we are focused on the right priorities
for the future. We are committed to Making
Better Essential, for people and the planet.
Thank you,

John L. Stauch
President and CEO

abroad, including refreshing our previous materiality
assessment. This exercise reaffirmed our focus on the
topics that matter most to us and our stakeholders.
I am proud of the progress we have made and gratefulfor the commitment of our employees, customers,
shareholders, and Board of Directors. Together, we canmake the world better and build a brighter future for all.
Thank you,

Karla Robertson
EVP, General Counsel, Secretary,
and Chief Social Responsibility Officer

3

ABOUT PENTAIR
At Pentair, we help the world sustainably move, improve, and enjoy
water, life’s most essential resource. From our residential andcommercial water solutions to industrial water management andeverything in between, Pentair focuses on smart, sustainable water
solutions that help people and the planet thrive.

In this section:
Who We Are
What We Do
Company Overview

Photo Credit:
John Stauch, President and CEO

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ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEX

WHO WE ARE
OUR PURPOSEOUR MISSION

To create a better world for people andthe planet through smart, sustainable
water solutions.

We help the world sustainably move, improve,and enjoy water, life’s most essential resource.

OUR VISION
To be the world’s most valued sustainable
water solutions company for our employees,
customers, and shareholders.

OUR IMPACTOUR VALUES
Our Win Right values are the foundation for our company and continue to define and guide the standards thatshape how we work individually, together, and with our partners. We win through delivering on our values of
Customer First, Innovation and Adaptability, and Accountability for Performance. And we do it the right way,
through Absolute Integrity, Respect and Teamwork, and Positive Energy.

WIN

RIGHT

CUSTOMER
FIRST

ABSOLUTEINTEGRITYINNOVATION AND
ADAPTABILITYRESPECT AND
TEAMWORKACCOUNTABILITY FORPERFORMANCEPOSITIVE
ENERGYPENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

Making Better Essential guides our social
responsibility program.
The decisions we make, the products wecreate, the solutions we offer, and thepartnerships we form are opportunities tomake the world better.
We believe that making life better for people
and the planet is essential.

5ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXWHAT WE DO
At Pentair, we help the world sustainably move, improve, and enjoy water, life’s most essential resource. From our residential and commercial water solutions to industrial water
management and everything in between, Pentair is focused on creating a better world for people and the planet through smart, sustainable water solutions. Please refer to our
Annual Report on Form 10-K for more information about our business.

TRUSTED BRANDS DELIVERING INNOVATIVE, SUSTAINABLE SOLUTIONS TO ADDRESS THE WORLD’S TOUGHEST WATER CHALLENGES

MOVE WATER:PENTAIR FLOW

IMPROVE WATER:PENTAIR WATER SOLUTIONSENJOY WATER:PENTAIR POOL

We optimize the flow of essential resources
to enhance communities and industries, while
protecting people, property, and the future of
our planet.

We provide solutions that improve ourcustomers’ confidence in their water while
also reducing environmental impact.

We enable sustainable wellbeing with ourinnovative energy-efficient pool solutions.

Revenue: $1.6B

Revenue: $1.2B

Revenue: $1.3B

Photo Credit:
Courtnie Rowell,Compliance Specialist

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

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ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXCOMPANY OVERVIEW

WHERE WE OPERATERESEARCH AND DEVELOPMENT

10,578IN 27 COUNTRIES41

MANUFACTURING
SITES

863

TOTAL NUMBER OF PATENTS GRANTEDLONDON, UK

GLOBAL HEADQUARTERS

27

DISTRIBUTION/
WAREHOUSES231

TOTAL NUMBER OF PATENTS PENDING

GOLDEN VALLEY,MINNESOTA

MAIN USMANAGEMENT OFFICE

17

OFFICESJURISDICTION OF
INCORPORATION40SERVICECENTERS>8,000,000
SQUARE FOOTAGE

3RESEARCH AND
DEVELOPMENT SITES 1

EMPLOYEESIRELAND128

TOTAL SITES

1

FACILITIES OVERVIEW$99.8M
2.4%

RESEARCH AND
DEVELOPMENT COSTSRESEARCH AND DEVELOPMENTCOSTS AS % OF NET SALES

Research and Development sites, although reported separately above, are regarded as offices in Pentair’s Annual Report on Form 10-K.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

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MAKING BETTERESSENTIAL
Pentair recognizes its responsibility and opportunity as an employer, amember of our community, and a part of the global economy in Making
Better Essential. We are focused on advancing social responsibility
and sustainability while driving future growth and value for ourshareholders, employees, customers, and communities.

In this section:
2023 Social Responsibility Highlights
Social Responsibility Progress
Strategic Targets Progress Highlights
Materiality Assessments

Photo Credit:
Marco Calatroni, Water Solutions Value Stream Manager

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ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEX

2023 SOCIAL RESPONSIBILITY HIGHLIGHTS
PLANET
Offered ourcustomers

PEOPLE

28

ENERGY STAR®certified poolpump models>23.7

Offered ourcustomers

68

ENERGY STAR®-certified
ice machine models from
Manitowoc Ice2

billion single-use plastic
water bottles avoided

by customers using Pentair residential water filtration
systems since 2021 3~547,799

metric tons of CO2eemissions reduced

by US consumers through our energy-efficient pool pumps
and heaters, equivalent to avoiding 1.4 billion miles driven by
an average gasoline-powered passenger vehicle4

Substitution with a lower Global Warming Potential refrigerantin our Manitowoc ice machines has avoided

Hosted our first Career Development Weekfor employees, resulting in nearly

as compared5 to using the former refrigerants, equivalent
to avoiding the GHG emissions from 1,846 gasoline-powered
passenger vehicles driven for one year 6$1.85

7,758 metric tons of CO2e emissions

4 sites

5,000 HOURS of professional development
million invested in the community

by Pentair and the Pentair Foundation

reduced their water
withdrawal by over 50%

as compared to 2022 7

41%

of Pentair’s total electricity usage came fromrenewable resources, representing 19% of our totalenergy usage

GOVERNANCE
Conducted our first double materiality assessment
considering impact and financial effects

100%

of our active professional-level employees

completed training on our Pentair Codeof Business Conduct and Ethics

AWARD HIGHLIGHTS

America’s Greenest
Companies 2024 –Newsweek, in partnershipwith Plant-A Insights Groupand GIST Impact

2024 Real Leaders –Most Innovative Model
Award

Business Intelligence Group –2023 Sustainability Service of
the Year Finalist

Manitowoc Ice is referred to as Manitowoc in this report.
Based on cumulative sales of Pentair’s brands meeting this definition from 2021-2023.
4
Based on the total sales of ETi® High-Efficiency Pool and Spa Heaters and ENERGY STAR® rated Pentair pool pumps in 2023.
Emission equivalency estimated using EPA Greenhouse Gas Equivalencies Calculator as available in March 2024.
2

3

Minneapolis St. PaulBusiness Journal – 2023
Sustainability Award,
Minnesota Manufacturing
AwardsENERGY STAR® 2023
Partner of the Year –Sustained ExcellenceAward

Named to America’s
Best Large Employers
2024 list by Forbes andStatista, Inc.

Based on the total sales of Manitowoc ice machines with R290 refrigerant in 2023 and former R404a and R134a refrigerants.
Emission comparison is based on the Global Warming Potential released by the refrigerants.
6
Estimated using the EPA Greenhouse Gas Equivalencies Calculator as available in March 2024.
7
Represents manufacturing sites only. Excludes sites that closed during 2023.
5

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ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXSOCIAL RESPONSIBILITY PROGRESS
2020–2023
Conducted first materiality
assessment for our social
responsibility program (2020)

2010–2019
Received first Environmental
Protection Agency ENERGYSTAR® Partner of the Year Awardfor our high-efficiency poolpumps (2013)

2000–2009
Acquired Wicor Industries,
enhancing the company’s presencein the water industry (2004)

1980s–1999
Adopted original Pentair
Code of Business Conduct
and Ethics (1980s)
Established Pentair Foundation
for philanthropic giving (1998)

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

Launched IntelliFlo®, the firstvariable speed pump in the US
with reduced energy usage of 30%
to 70% compared to non-variable
speed pumps (2005)
Launched Project Safewater
initiative to sustainably deliversafer and cleaner water in thedeveloping world (2007)

Implemented first site-level
environmental treasure hunts
to find efficiencies in energy andwater as well as to reduce waste
and emissions (2015)
Released first corporate
responsibility report, withreference to the Global Reporting
Initiative (2016)
Separated our Water andElectrical businesses into two
industry-leading public companies
with the water business retaining
the Pentair name and ticker
symbol PNR (2018)

Appointed first Chief Social
Responsibility Officer (2020)
Announced first Social
Responsibility Strategic
Targets (2021)
Enhanced our product innovation
process for increased sustainability
through the creation of a productsustainability scorecard (2021)
Refreshed our Supplier Code of
Conduct with increased focus onenvironmental sustainability andsocial responsibility (2022)
Implemented a new supplier ESG
assessment process in collaboration
with a third-party expert (2022)
Conducted first double materiality
assessment (2023)
Launched new community
impact strategy aligned to our
mission (2023)
Drove progress towards our
strategic targets (2021-2023)

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ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXSTRATEGIC TARGETS: PROGRESS HIGHLIGHTSCARBON FOOTPRINT REDUCTIONTARGET

We are targeting reducing our GHG emissions by 50% from a 2019 baselineby 2030, and aim to achieve carbon neutrality by 2050, in each caserelating to Scope 1 and 2 GHG emissions.

2023
PROGRESSHIGHLIGHT

Our total Scope 1 and 2 GHG emissions decreased 30.9% compared to the2019 baseline.

WATER WITHDRAWAL REDUCTIONTARGET

Pentair is targeting a 30% reduction in absolute water withdrawal
from a 2019 baseline by 2030.

2023
PROGRESSHIGHLIGHT

Our absolute water withdrawal decreased 22.9% compared to the 2019 baseline.

PRODUCT DESIGN FOR SUSTAINABILITYTARGETS

Assess 100% of new products using an enhanced innovation process
beginning in 2022.
Include a product sustainability rating as an equally weighted factor incommercialization decisions.

2023
PROGRESSHIGHLIGHTS

Develop a standardized process for aggregation of product sustainability
achievements to disclose customer energy, water, and chemical savings
made possible using our products.

Building on our success from 2022, we assessed 100% of new products with our
product sustainability scorecard8 in 2023 as part of our enhanced innovation process.9
We continued to consider product sustainability, along with other factors, as weweighed decisions in our commercialization process.
We laid the groundwork for new sustainability tools to aggregate productsustainability achievements for our customers.

RESPONSIBLE SUPPLY CHAIN
TARGETS

Assess the ESG maturity of 100% of new suppliers with projected
spend of greater than $1 million by 2025.
Assess the ESG maturity of the top 80% of existing suppliersby spend by 2030.

2023
PROGRESSHIGHLIGHTS

We assessed the ESG maturity of 50% of new suppliers with projected spendof greater than $1 million.
We assessed the ESG maturity of approximately 73% of our top 80% of existing
suppliers by spend.

INCLUSION AND DIVERSITYTARGET

Achieving an inclusive and diverse workforce and leadership team thatembraces the communities in which we live, work, and serve, with a
specific focus on increasing women in leadership10 positions globallyand people of color (“POC”) representation in US leadership positions.

2023
PROGRESSHIGHLIGHTS

We achieved 31% female representation in our workforce (2019 baseline of 30%)
and 31% female representation in leadership positions (2019 baseline of 28%). We
achieved 38% POC representation in our US workforce (2019 baseline of 39%) and
24% POC representation in US leadership positions (2019 baseline of 23%).

8

Our product sustainability scorecard analyzes five impacts from a product’s lifecycle – water use, energy use, GHG emissions, resource use efficiency, and material health – and incorporates an assessment of these impacts as part of new product design.

9

Physical products only.

10

Leadership is defined as director level or above.

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ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXMATERIALITY ASSESSMENTS
In 2020, Pentair conducted its first social responsibility materiality assessment, leading to the development of ourSocial Responsibility Strategic Targets. We have been executing on these strategic targets since their launch in 2021.

MATERIALITY STATS56

In 2023, we conducted a double materiality assessment in alignment with the European Union (“EU”) Corporate
Sustainability Reporting Directive (“CSRD”) 11 to determine matters material to Pentair, considering the European
Sustainability Reporting Standards (“ESRS”) guidance and the Pentair business. Our assessment included the threesteps noted below and provided input into our planning for upcoming disclosure requirements.

1.

DETERMINEDSUSTAINABILITY MATTERS
Developed a universeof matters
Mapped the matters along
Pentair’s value chain

2.

ASSESSED RISKS, IMPACTS,
AND OPPORTUNITIESEngaged Pentair employees,
investors, suppliers, andcustomers to identify current
and potential impacts, risks,and opportunities (“IROs”)
related to the matters
Considered Pentair’s impact
on the environment andpeople, and the potential
financial effects on Pentair
Scored the IROs based on adefined scoring methodology

3.

sustainability
matters considered

150

VALIDATEDRESULTS

total impacts, risks, andopportunities assessed

Engaged select stakeholders,
including Pentair’s executive
leadership team, to validate
the results
Material matters map tofour ESRS standards andinclude innovative productdesign, energy, water,
climate change mitigation,
Scope 3 emissions, waste,biodiversity, and impact on
ecosystems128material sustainability
matters identified

11

Published as of November 22, 2022.

12

Matter names edited for simplicity. Matters map to ESRS E1 Climate change, E3
Water and marine resources, E4 Biodiversity and ecosystems, and E5 Resource
use and circular economy. Although social matters were not found to be material aspart of this assessment, Pentair plans to continue reporting on this topic as part ofour Social Responsibility Strategic Targets and reporting frameworks.

Photo Credit:
Oriana Raabe, Senior Director ofEnvironmental, Social, and Governance

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT12PLANET
Minimizing Pentair’s impact on the environment is essential to the
products we design, the solutions we create, the customers andcommunities we serve, and how we operate.

In this section:
Product Design for Sustainability
Move Water
Improve Water
Enjoy Water
Climate and Greenhouse Gas Emissions
Water Stewardship
Waste

Photo Credit:
Michelle Kuker, Inside Sales Account Representative

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ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXPRODUCT DESIGN FOR SUSTAINABILITY
Pentair strives to create a better world for people
and the planet through smart, sustainable water
solutions. We innovate with sustainability in mind,
aiming to create products and solutions that improve
efficiency and reduce environmental impact.
In 2023, we further embedded sustainability into
our innovation processes. We reviewed our productsustainability approach for applicability to our diverse
product portfolio and business segment strategies andprovided appropriate resources for our engineering
teams. Our focus on sustainable solutions within ourbusiness segments is described within the Move Water,
Improve Water, and Enjoy Water sections of this report.
Pentair is proud to provide our customers and end users
with energy-efficient products. In 2023, we continued
our collaboration with the US Environmental Protection
Agency (“EPA”) and offered our customers 28 ENERGY

Our Chief Social Responsibility Officer and Chief
Technology Officer have shared responsibility
for our program and review progress against
our strategic targets monthly. Leaders reportprogress quarterly to the Governance Committee
and our Board of Directors at least annually.

STAR®-certified pool pump models and 68 ENERGYSTAR®-certified Manitowoc ice machine models.
Pentair is a long-standing partner of the ENERGYSTAR® program and has been named an ENERGYSTAR® Partner of the Year each year since 2013 for ourleadership in innovating energy-efficient pool pumps.

PRODUCT IMPACT STATS~547,799>23.7 billion

metric tons of CO2eemissions reduced

single-use plastic
water bottles
avoided by customers
using Pentair residential
water filtration
systems since 2021 15

by US consumers through ourenergy-efficient pool pumps
and heaters, equivalent toavoiding 1.4 billion miles
driven by an average gasolinepowered passenger vehicle16

Substitution with a lower Global Warming
Potential refrigerant in our Manitowoc ice
machines has

avoided

7,758 metric tonsof CO2e emissions

as compared17 to using the former
refrigerants, equivalent to avoiding the GHG
emissions from 1,846 gasoline-powered
passenger vehicles driven for one year18

Strategic Targets

2023 Progress

We plan to further assess, design, and commercialize our products for environmental sustainability
to reduce our customers’ impact on climate change. Our strategic targets include:•

Building on our success from 2022, we assessed 100% of
new products with our product sustainability scorecard13
in 2023 as part of our enhanced innovation process.14•

We continued to consider product sustainability, alongwith other factors, as we weighed decisions in ourcommercialization process.

•We laid the groundwork for new sustainability tools toaggregate product sustainability achievements forour customers.

•

Assess 100% of new products using an enhanced innovation process
beginning in 2022.

•

Include a product sustainability rating as an equally weighted factor incommercialization decisions.

•

Develop a standardized process for aggregation of productsustainability achievements to disclose customer energy, water,
and chemical savings made possible using our products.

13

Our product sustainability scorecard analyzes five impacts from a product’s lifecycle – water use, energy use, GHG
emissions, resource use efficiency, and material health – and incorporates an assessment of these impacts as partof new product design.

14

Physical products only.

15

Based on cumulative sales of Pentair’s brands meeting this definition from 2021-2023.

16

Based on the total sales of ETi® High-Efficiency Pool and Spa Heaters and ENERGY STAR® rated Pentair pool pumps in
2023. Emission equivalency estimated using EPA Greenhouse Gas Equivalencies Calculator as available in March 2024.

17

Based on the total sales of Manitowoc ice machines with R290 refrigerant in 2023 and former R404a and R134a
refrigerants. Emission comparison is based on the Global Warming Potential released by the refrigerants.

18

Estimated using the EPA Greenhouse Gas Equivalencies Calculator as available in March 2024.

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ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXMOVE WATER
Pentair Flow Overview

Our smart, sustainable solutions move water to enhance communities and industries, while protecting people,
property, and the future of our planet. We help optimize the flow of water and other essential resources incustomer-critical applications.
We provide home professionals with reliable home water supply and disposal solutions ensuring homeowners
have access to clean water, can dispose of water, and can help protect their homes from flooding
We aid in protecting communities and properties from fire and flood hazards
We help promote sustainable agriculture practices by reducing chemical overspray and assisting with safe
chemical application and precision irrigation
We support food and beverage manufacturers in producing high-quality products and achieving theirsustainability goals

OUR PURPOSE
The world depends on us, and ourpartners, to secure and sustain theflow of essential resources acrosscritical applications and infrastructure.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORTOUR MISSION
To ensure the flow of water andessential resources in customercritical applications.

OUR IMPACT
We optimize the flow of essential
resources to enhance communities
and industries, while protecting people,
property, and the future of our planet.

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ABOUT PENTAIR

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PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXMOVE WATER

Pentair Flow Products and Solutions

Municipal
Our reliable, energy-efficient,and easy to maintain largeand small-scale pumps help
keep communities, cities, andinfrastructure safe by reducing therisk of wastewater contaminationand catastrophic flooding.

Residential
Our solutions give homeowners
peace of mind knowing water isflowing safely to and from their home.
Water is available from their faucets
for drinking and other household
purposes, wastewater is efficiently
removed, and, when needed,floodwater is being pumped away.

Industrial
We provide sustainable biogas
solutions and fluid separation
technology to help our industrial
customers better manage
wastewater, capture carbon
dioxide, and enhance theperformance of their operations.

Agriculture
Our innovative technology
provides our agriculture
partners and farmers withdependable irrigation andprecise chemical application.

Commercial
Our trusted pumps protectcommercial buildings fromfire hazards and ensure
optimal water pressure forheating and cooling, no matterthe height or application.

Food and Beverage
Our specialty hygienic valves andmembrane filtration solutions
help breweries, dairies, softdrink manufacturers, and otherindustries achieve their quality,
efficiency, and sustainability
goals.

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ABOUT PENTAIR

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PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXMOVE WATER

Pentair Flow Innovation Highlights
INNOVATING TOGETHER

Pentair and a leading agricultural company are partnering with farmers in Belgium to test new solutions that address changing regulatory requirements and the food needsof our growing population. The partnership brings together deep knowledge of agricultural production with Pentair’s innovative spray technology. We are working directlywith farmers in the field to develop nozzles that apply chemicals exactly where needed and reduce drift, supporting optimal application timing and reduced chemical usage.
Our Hypro 3D Ninety Nozzle is certified to reduce drift up to 90% compared to a standard flat fan nozzle.19 Together, we help make farming more effective for farmers
and easier on the planet.

S O L V I N G O U R C U S T O M E R S’ B I G G E S T C H A L L E N G E S
The Pentair Xcentric Impeller is our innovative wastewater pump that helps solve the persistent problem of clogging from fibrous solids. Clogged pumps are a major issue as
they require the pump to be shut down and cleaned manually. The Pentair team solved this critical customer problem with the creation of the Xcentric Impeller. Its bladelessdesign operates at over 85% energy efficiency to lower the lifecycle cost of the system, in addition to significantly reducing clogs.20

IMPROVING EFFICIENCY WITH HOLLOW FIBER MEMBRANE TECHNOLOGY
Pentair provides products using the hollow fiber membrane technology in the dairy industry to split milk into casein and whey protein fractions. The casein proteins are used
to produce cheese and yogurt, while the whey proteins are further refined into concentrated powder for infant formula and protein drinks. The hollow fiber membrane allows
the process to operate at a lower pressure and crossflow velocity, with higher flux and superior selectivity, compared to alternative membrane technologies. Thus, it enables
a lower consumption of chemicals, energy, and diafiltration water during the protein separation process.21

19

Drift reduction calculated based on wind tunnel measurements of spray profiles downwind of spray nozzles according to the UK protocols for LERAP star rating tests.

20
21

A scale model of the pump was tested according to HI Standard 14.6 and ISO9906:2012.

Estimated from customer data collected four weeks post-installation and at the start of operation.

Photo Credit:
Alex Wang, Innovation Project Leader,
Water Circularity

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT17

ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXIMPROVE WATER

Pentair Water Solutions Overview

Pentair Water Solutions is inspired to help the world sustainably improve water, life’s most essential resource.
We provide solutions that improve our customers’ confidence in their water while reducing environmental impact.
Building water confidence with solutions to reduce unwanted contaminantsContinuing to help minimize plastic waste from single-use plastic water bottles
Extending the life of water-using appliances
Helping restaurants, coffee shops, and hotels provide guests with great-tasting water and ice while
reducing environmental impact

OUR PURPOSE
To create a better world for people andthe planet through smart, sustainable
water solutions.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORTOUR MISSION
We help the world sustainably
improve water, life’s mostessential resource.

OUR IMPACT
Making Better Essential through our
products and solutions, for people andour planet.

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Pentair Water Solutions Products and Solutions

Home Water Softening and Filtration
From traditional water softeners
to whole home filtration to reverse
osmosis or filter replacement, many of
our top solutions utilize cutting-edgewater technology to reduce water
waste, safeguard the environment,
and eliminate the need for electricity.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

Commercial Ice Solutions
Manitowoc offers premier ice equipmentthat is engineered for ease and known
for reliability, sanitation, and efficiency.
Manitowoc is also a key contributor to
ENERGY STAR® Partner of the Year award
winners for 15 consecutive years.

Water and Beverage Equipment Service
KBI is Pentair’s nationwide service
network that offers comprehensive waterand beverage equipment services tomaximize uptime, maintain predictable
operating costs, and extend the life ofwater-using equipment.

Food Service Water Filtration
Our filtration systems aredesigned to extend the lifeof water-using equipment
and create consistent, greattasting filtered water.

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Pentair Water Solutions Innovation Highlights
INDIGO NXT ICE MACHINE

Manitowoc’s innovative Indigo NXT ice machine is the only programmable ice machine available that lets the user determine how much ice to make and when. This feature
can lower energy costs by making ice only when needed and avoiding peak energy rates. Continuing our tradition of continuous improvement and sustainable innovation,
Indigo NXT is also up to 43% more energy-efficient than previous Indigo models.22

EVERPURE EZ-RO REVERSE OSMOSIS (“RO”) SYSTEMSOur Everpure EZ-RO system reduces contaminants and protects equipment with an all-in-one, simple design. This high-efficiency RO membrane system saves up to twotimes more water than standard RO membranes.23 It is designed to bring the advantages of RO technology to smaller operations with its space-saving, compact size which
can be expanded to support future business growth. We are proud to share that the Pentair Everpure EZ-RO System has been honored with a 2024 Kitchen Innovations Award
from the National Restaurant Association.

FLECK 5800 XTR2 ENHANCED WITH ACCUSENSE™ TECHNOLOGY
In 2023, Pentair enhanced its Fleck 5800 water softener with AccuSense™ Technology which processes real-time water hardness data and adapts as needed.
This helps reduce unnecessary water regenerations and helps decrease salt usage and water waste by an estimated 30%-50%.24 It is designed to aid in extending thelife of pipes and appliances.

22

Energy usage (kWh) for 100 lb of ice is compared between Indigo (old model) and Indigo NXT (new model).

23

Up to 50% water recovery compared to standard RO systems with up to 25% recovery.

24

Based on Pentair internal calculations.

Photo Credit:
Shucita Jain, Administrative Assistant

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT20

ABOUT PENTAIR

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ABOUT THIS REPORTESG INDEXENJOY WATER
Pentair Pool Overview

Pentair Pool is driven to help people sustainably enjoy water, life’s most essential resource. Our solutions include
industry-leading pumps, automation, lighting, heating, and filtration technology that help our customers enjoy asmarter and more sustainable pool.
Recognized industry leader in energy efficiency – history of innovation in pump, lighting, and heating products
designed to reduce energy consumption
Our solutions bring family and friends together to build social connections, create lifelong memories, and help
promote fitness and enjoyment
Pioneering products to further a more efficient pool of the future that uses less energy and chemicals

OUR PURPOSE
To create a better world for people
and the planet through smart,sustainable pool solutions.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORTOUR MISSION
We help the world safely andsustainably enjoy water, life’s
most essential resource.

OUR IMPACT
We are a recognized leader insustainable wellbeing.

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ABOUT THIS REPORTESG INDEXENJOY WATER

Pentair Pool Products and Solutions

Pool Pumps
From flow control
and connectivity toremote automation andinnovative technology
for energy efficiency,
we provide pool pumpsolutions for every pool.

Pool Filtration
Our selection of pool and spa
filters come in a wide range ofdesigns to provide confidence
in the clarity and quality of thepool water.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

Pool Heating
Help save energy with
our energy-efficientpool heaters featuring
fast warm-up andeasy automation.

Pool Lighting
Refining the nighttime
pool experience withhigh-quality, energyefficient, and innovative
lighting for brighter, more
evenly lit pools.

Pool Automation
Monitor and control poolequipment remotely at peakefficiency, including pH andsanitizer performance, forpeace-of-mind pool management.

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Pentair Pool Innovation Highlights
INTELLICENTER® POOL CONTROL SYSTEMThe IntelliCenter® Pool Control System is the flagship pool automation system by Pentair which helps make pool management easy with centralized control for multiple
pool devices. Pool professionals and owners can monitor system health remotely, reducing unneeded service trips and enabling proactive maintenance. The IntelliCenter®
system allows the user to program heating during off-peak hours and can be connected to solar water heating systems. In 2023, Pentair released the IntelliCenter® Lite
System that brings automation and remote monitoring benefits to less complex pool equipment pads. In addition, Pentair offers IntelliCenter® upgrade kits which deliver the
benefits of the most advanced Pentair automation to existing Pentair systems, eliminating the need to dispose of or rewire current hardware.

INTELLIBRITE® ARCHITECTURAL SERIES LIGHTS
Our new IntelliBrite® Architectural Series Lights, our most brilliant pool lighting innovation yet, are 60% brighter and 50% more energy-efficient than their predecessor,
depending on the light color utilized.25 These brighter lights run at lower temperatures, helping to reduce the frequency of replacement. They are an ideal upgrade fromincandescent or Pentair first-generation LED lighting for a more energy-efficient pool.

INTELLIFLO3® VARIABLE SPEED AND FLOW POOL PUMPThe IntelliFlo3® Variable Speed and Flow Pool Pump is our next generation pump that makes pool ownership more energy-efficient for our customers. Its built-in,
sensor-less flow control has variable speeds and regulated flow for up to 90% energy savings.26 It is also ENERGY STAR®-certified and can be monitored remotelywith an entry-level automation option.

25

Compared to Pentair IntelliBrite® 5G Color LED Pool Light in white color mode only. Testing was conducted and measured in an open-air environment without water present. Actual performance results may vary when the lights are utilized in different settings
and water conditions.

26

Savings based on variable speed pump compared to a single-speed pump running 12 hours per day at an average of $0.16 per kWh in a 20,000-gallon pool. Actual savings may vary based on local utility rates, pool size, pump run time, pump horsepower, pump rpm,
plumbing size and length, pump model, service factor, and other hydraulic factors. Individual Weighted Energy Factor scores and savings may vary by model.

Photo Credit:
Maria Nowatschek, Buyer

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT23

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CLIMATE AND GREENHOUSE GAS EMISSIONSIn 2023, we transitioned our carbon reduction strategy
from a site-specific to enterprise-wide approach.
We began integrating our low-carbon transition plan
into our lean operational playbook, as we believe
embedding emission reduction efforts across ouroperations is key to achieving our goal. This included
further communicating our focus pillars of energy
efficiency, electrification, on-site generation,and process emissions, each with associated site
guidelines. We also introduced new requirements forour manufacturing sites, including implementation of
specific energy reduction practices and electrificationof new equipment.

At the end of 2023, we successfully eliminated sulfur
hexafluoride from a testing process at our site in
Chardon, Ohio. We expect the investment to resultin a notable positive impact on our GHG inventory
moving forward.

Our Chief Social Responsibility Officer has direct
responsibility for our carbon reduction strategy andreviews progress against our strategic targets monthly,reporting progress quarterly to the GovernanceCommittee and our Board of Directors at least annually.

PROGRESS TOWARDS OUR 2030 GHG STRATEGIC TARGET
Total Greenhouse Gas Emissions in MT CO 2ePentair recognizes that reducing our impact on theenvironment is essential to making life better for
people and the planet. We are committed to reducing
our GHG emissions through energy efficiency andelectrification of our global operations, as well as
through strategic use of renewable energy.

150,000

Path to Achieve
Target120,000
90,00060,00030,000
0

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2030

Year

Strategic Target

2023 Progress

Pentair is committed to the transition to a low-carbon economy through reducing ouremissions. Our strategic targets of reducing our GHG emissions by 50% from a 2019baseline by 2030 and our aim to achieve carbon neutrality by 2050, in each caserelating to Scope 1 and 2 GHG emissions, were developed using tools by the
Science Based Targets initiative and in alignment with the Intergovernmental
Panel on Climate Change 1.5° C scenario.

Our total Scope 1 and 2 GHG emissions decreased
30.9% compared to the 2019 baseline.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

2029

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CLIMATE AND GREENHOUSE GAS EMISSIONS
Four sites utilized solar power generated on-site andfive sites used purchased renewable electricity in 2023.
We plan to continue to assess the use of renewableenergy as part of our climate strategy. Our purchased
renewable electricity is verified through the Green-e®
certification program. At the end of 2023, 41% ofPentair’s total electricity usage came from renewable
resources, representing 19% of our total energy usage.
Pentair does not currently use internal carbon pricing or
carbon offsets as part of our carbon reduction strategy.

NEW UK SITE SUPPORTS
A LOWER CARBON FUTURE
In 2023, Pentair’s UK Spray and Specialty
agricultural business moved into a new site in
Bourn, Cambridge, UK. The site was built using
the UK Green Building Council guidance for Net
Zero Carbon: Whole Life Cycle. It is a low-carbon
and energy-efficient design supported by on-siteand off-site renewable electricity. Additionalfeatures of the new building include electric
car charging stations for employee use andexpansive green space that includes walking
paths and outdoor seating.

ENERGY EFFICIENCY AUDITS
In 2023, Pentair partnered with an external
consultant to conduct energy efficiency audits
at five high-impact sites. We expect the audits
to drive significant impact in efficiency andelectrification at the sites as projects are
implemented. Additionally, we plan to use theopportunities identified to bolster our energy
efficiency guidelines, create a project pipeline
for our manufacturing sites across the enterprise,and set a standard for any future sites.

2023 TOTAL ENERGY CONSUMPTION (kWh)
19%

28%

53%

Nonrenewable FuelNonrenewable Purchased Energy
RECs/On-site Generated Renewable Energy

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

Photo Credit:
Merlin Wadge,
Design Engineer

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ABOUT THIS REPORTESG INDEXWATER STEWARDSHIPIn 2023, we made significant progress towards
reducing our water withdrawal by identifying andexecuting water reduction and reuse projects aswell as realizing savings from the prior year. This
includes, but is not limited to, leak repairs, improving
water recovery from reverse osmosis (“RO”)
systems, and reusing water from product testing.
As Pentair’s water strategy evolves to meet thechanging needs of the world, we are focusing ourefforts where water is at highest risk and embedding
our water conservation plan into our lean operational
playbook and throughout the enterprise. Our water
reduction projects have decreased the quantity ofwater we withdraw from the source, helping prevent

depletion of life’s most essential resource. Our waterreuse projects have taken water that is used in one
process and used it again in the same or an alternate
process, making the most of the water we already have.
Moving forward, we plan to leverage theresults of our prior water risk assessment todevelop water conservation projects in thehighest-risk regions where we operate.
Our Chief Social Responsibility Officer has direct
responsibility for our water strategy and reviews
progress against our strategic targets monthly,reporting progress up to the Governance Committee
quarterly and our Board of Directors at least annually.

PROGRESS TOWARDS OUR 2030 WATER WITHDRAWAL STRATEGIC TARGET
240,000

Path to Achieve

210,000
Gallons (in thousands)

Making the most of water, life’s most essential
resource, is at the core of our business. Pentair iscommitted to implementing water conservation
activities throughout our operations, integrating
both water use and water risk considerations inour decisions.

Target180,000
150,000
120,000
90,00060,00030,000
0

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

Year

Strategic Target

2023 Progress

Water stewardship is an important focus for the Pentair business. Pentair
is targeting a 30% reduction in absolute water withdrawal from a 2019baseline by 2030.

Our absolute water withdrawal decreased 22.9% comparedto the 2019 baseline, an improvement of ~22% percentage points
as compared to 2022.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT26

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ABOUT THIS REPORTESG INDEXWATER STEWARDSHIPWATER STEWARDSHIP IN MEXICO
In 2023, we executed multiple water conservation projects at our sites in Monterrey and Reynosa, Mexico, both of which are in high water-stress locations
as identified by the World Resources Institute Aqueduct.
At our Monterrey site, we reduced water withdrawal by approximately 64% in 2023 from the 2022 level. We achieved the results by upgrading our water reuse system,
increasing the recovery of water in our RO system to reduce waste, and optimizing operations to decrease water required for ice machine testing.
At our Reynosa site, we integrated multiple Pentair solutions to reduce water withdrawal. Our Pentair X-Flow ultrafiltration (“UF”) membrane and Pentair water softeners
replaced the existing RO system, reducing our water and energy demands as well as chemical consumption. We implemented Pentair Hydrocarbon Recovery Technology(“HRT”) to treat water used for product testing and reuse it as cooling tower “make-up water.” The projects resulted in a water withdrawal reduction at the site of
approximately 23% in 2023 from the 2022 level.

WATER CONSERVATION IN THE NETHERL ANDS
In 2023, we implemented several water conservation projects at our Enschede, Netherlands site. These included upgrading the RO system to increase recovery,
reusing water in the membrane post-treatment process, and reusing condensate from the evaporator. With these projects, the site reduced its water withdrawal byapproximately 29% in 2023 from the 2022 level.

WATER REDUCTION IN WISCONSINAt Pentair’s Bishop Woods site in Brookfield, Wisconsin, we conduct performance testing on a wide range of water filtration systems and components. Many of the tests
require specific water chemistries to comply with third-party certification standards. In 2023, we adopted new ways we could conserve water, without compromising
the integrity of the tests. This included creating and implementing a closed-loop system for select types of product testing, which allows for a reduction in water usage.
Additionally, in our mechanical lab, we completed a project that now allows us to utilize the concentrate from our laboratory RO system for all mechanical lab testing. Lastly,
we increased water efficiency in the mechanical lab by precisely monitoring and controlling water temperature for testing. These water conservation projects enabled thesite to reduce water usage by approximately 22% in 2023 from the 2022 level.

Photo Credit:
John Kelsey, Senior Product &Applications Engineering Manager

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT27

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ABOUT THIS REPORTESG INDEXWASTEPentair’s diverse global manufacturing processes
utilize various types of raw materials. Our waste
program seeks to reduce non-hazardous andhazardous waste generation and maximize reuse
and recycling opportunities across our enterprise.
Our focus areas in 2023 included site engagement,compliance training, and strengthening ourprogram foundation.
In 2023, we released a new global waste management
procedure that is supported by various site-specificoperating processes. As part of our operational
strategy, each site is responsible for identifying
ways to better manage and reduce waste following
the waste management hierarchy. Metals, which arereused internally and recycled externally as applicable,

represented our largest type of waste stream
by volume in 2023.
Manufacturing sites set annual waste management
improvement targets that help us drive toward zerowaste. We track progress against the targets andcommunicate results with leadership regularly.
Employees engage through site-level training as
applicable. Employees managing hazardous wastecomplete required compliance training.
Our Executive Vice President, Chief Supply Chain Officer
and Chief Transformation Officer is responsible forPentair’s waste program and provides environment,
health, and safety updates to the Board of Directors
as needed.

2023 TOTAL WASTE BY DISPOSAL TYPE (METRIC TONS)
2% 1%
17%

49%

31%

Recycled

Incineration without Energy Recovery

ReusedIncineration with Energy Recovery

Landfilled

NEW PARTNERSHIP TO REDUCE WASTEENVIRONMENTAL MANAGEMENT AND COMPLIANCE

In 2023, Pentair piloted a new partnership with PCs for People whose mission isto provide low-income families and organizations with computers and internet
access. Instead of disposing to landfill, Pentair donated gently used computers
so they could be refurbished and given a second life. We plan to continue thepartnership moving forward to reduce waste and positively impact our community.

Pentair is committed to complying with applicable environmental laws andregulations in the places where we do business, including regular reportingand permit compliance. Seven sites were ISO 14001:2015 certified in 2023,
representing approximately 17% of our manufacturing sites.

Photo Credit:
Jill Barthel,
Demand Marketing Specialist

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT28

PEOPLEWe believe that making a positive impact on people is essential.
This includes supporting employee professional growth, diversity,
wellbeing, and safety. It also extends to our value chain through our
supplier partnerships, commitment to product quality, and positive
impacts on the communities where we operate.

In this section:
TalentDiversity, Equity, and Inclusion
Employee Health and Wellness
Occupational Health and Safety
Supply Chain
Product Quality
Community Impact

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ABOUT THIS REPORTESG INDEXTALENT
Pentair is committed to building a high-performing,
diverse, and passionate workforce that is inspired tohelp our customers move, improve, and enjoy water.
In 2023, as part of our ongoing talent program, Pentair
continued to build experiences that energize our
employees around our purpose and develop skilled
teams. To accomplish this, our talent program centerson five key pillars:
Attraction and Recruitment
Diversity, Equity, and Inclusion
Talent Development
Employee Engagement
Driving Performance
During our hiring process, Pentair focuses on fit for
the role, fit for the company, and fit for the employee,and strives to meet all three elements to build a highperforming, retainable workforce. This includes
alignment with Pentair’s Win Right values. Our recruitersand hiring teams complete required unconscious bias
training before they can participate in interviews. This
training is also part of the standard onboarding process
for managers of people.
In 2023, we invested in both our internship andleadership development programs27 to help build
a diverse, high-potential pipeline. We developed
partnerships with college campuses to provide oncampus housing near our work sites and provided
summer stipends to attract a broader range of interns

across the US. We intend to triple the participation in
our leadership development program over the next two
years, including the addition of new functions
and resources.
Pentair supports professional development
throughout our employees’ careers and offers alearning development hub that contains LinkedIn
Learning courses, career development guides, leader
competency resources, and individual development
plans. We make LinkedIn Learning available to salaried
employees in languages in which we operate. In 2023,
employees participated in an average of four hours ofcareer development training per employee.28
In 2023, Pentair expanded our growth manager program
beyond the US to include senior managers from India,
Australia, New Zealand, China, Singapore, Philippines,
and Japan. Participating leaders learned how to leadwith purpose, manage outcomes and results, and growthemselves, their teams, and our business. We also
launched a global senior leader development programwith a focus on building strong business andleadership skills.
The annual performance management process at
Pentair includes strategy-aligned goal setting, a checkin at mid-year, and an annual individual performance
review. Our processes follow defined frameworks
to ensure fair and consistent evaluation of talentacross the enterprise. In 2023, 95% of Pentair-eligible
employees received a performance review.

27

Pentair’s annual leadership development program offers interns an opportunity to develop their careers and learn values-based leadership.

28

Includes the executive, management, and professional employee populations. Trainings are both instructor-led and self-paced and are focused on areas such as career and leadershipdevelopment, functional skill growth, and soft-skill maturation. Data point excludes compliance training.

Our Executive Vice President and Chief Human
Resources Officer is responsible for Pentair’s talent
program. Our Board of Directors receives progresson the program as needed with formal updates atleast annually.

CAREER DEVELOPMENT WEEKIn April 2023, Pentair held its first Career
Development Week for employees. The event
consisted of speakers and training sessions
on various career topics such as effective
career conversations, identifying strengths
and passions, coaching, and prioritizing careerdevelopment. This event resulted in nearly
5,000 hours of professional development
across our employees.

Photo Credit:
Dwayne Gauthreaux,Lean Coordinator

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DIVERSITY, EQUITY, AND INCLUSION
Pentair’s commitment to Diversity, Equity, andInclusion (“DEI”) is part of living our Win Right values.
An inclusive and diverse workforce contributes
different perspectives and innovative ideas thatenable us to improve every day.
In 2023, we furthered our focus on the four foundationalpillars that form the basis of our multi-year DEI strategy:
Workplace Inclusion: Create a culture ofinclusion and equity where individual differences
and similarities are valued and utilized
Workforce Diversity: Attract, engage, anddevelop the best talentCommunity: Foster a positive reputationin the community
Marketplace: Leverage inclusion and diversity to
improve customer experience and satisfaction

Pentair believes that employee engagement andlistening are key to developing an inclusive and strong
corporate culture with a highly engaged workforce.
In 2023, we prepared for and piloted an all-employee
engagement survey that includes a measure of inclusion
and belonging. Pentair’s business resource groups(“BRGs”) furthered employee engagement throughtheir mentorship circle program, which pairs a mentor
with several mentees to share organizational businessacumen and key career lessons, while providing internal
networking opportunities.
We are intentional across our talent programs,
especially when refreshing or introducing new content,
to integrate an inclusive mindset. For example, ourglobal senior leader development program included
an inclusive leadership module. Please refer to ourTalent section for more information on recruitment anddevelopment at Pentair.

In 2023, a cohort of global employees from various
functions and levels received training as facilitatorsof inclusion discussions as part of our foundations ofan inclusive workplace course. These facilitators will
support our goal of building DEI competencies acrossthe enterprise and serve as advocates for an
inclusive culture.
Our Executive Vice President and Chief Human
Resources Officer is responsible for Pentair’s DEI
program and our Board of Directors receives formal
updates on the program at least annually. Additionally,
Pentair is a signatory of the CEO Action for Diversity
and InclusionTM coalition.

Strategic Target

2023 ProgressThrough living our Win Right values, Pentair is committed to continuing to strengthen our
existing culture through an inclusive and diverse workplace by attracting, developing,and retaining top talent and building the inclusion and diversity core capabilities of ourorganization. By leveraging diverse teams, we will enable strong business performanceand improve the employee value proposition. Our inclusion and diversity strategic
targets include achieving an inclusive and diverse workforce and leadership teamthat embraces the communities in which we live, work, and serve with a specificfocus on increasing women in leadership29 positions globally and people ofcolor (“POC”) representation in US leadership positions.

We achieved 31% female representation in our workforce(2019 baseline of 30%) and 31% female representation inleadership positions (2019 baseline of 28%). We achieved 38%
POC representation in our US workforce (2019 baseline of 39%)
and 24% POC representation in US leadership positions (2019baseline of 23%).

29

Leadership is defined as director level or above.

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DIVERSITY, EQUITY, AND INCLUSIONPENTAIR BUSINESS RESOURCE GROUPS
Pentair’s BRGs are company-sponsored, employee-led
groups that foster an inclusive workplace aligned with
our Win Right values. In 2023, we hosted our inaugural
BRG Leadership Summit. Representatives from our five
BRGs came together for strategic planning, community
building, and identification of partnership opportunities
to further develop an inclusive culture. In early 2024,
we expanded our BRG network to include an Asian andPacific Islander Resource Group, as well as a new affinity
group, Alliance for All Abilities, to further our focus on an
inclusive and engaged culture.

PENTAIR RESOURCES FOR
EMERGING PROFESSIONALS(“PREP”)

WOMEN’S RESOURCEGROUP (“WRG”)

Founded in: 2023

Founded in: 2020

# of Members: ~120

# of Members: ~410

Highlight Event: Global
launch and release of an
audio series called“Soundwaves” dedicated to providing
members development resources which caninspire personal and professional growthHighlight Event:Partnered withGirl Scouts to holdvarious community events at several sites
for emerging women in Science, Technology,
Engineering, and Mathematics (“STEM”) fields

L ATINO RESOURCE GROUP(“LRG”)BLACK EMPLOYEE NETWORK(“BEN”)

Founded in: 2022

Founded in: 2021

Founded in: 2020

# of Members: ~100# of Members: ~150

# of Members: ~60

Highlight Event:Participated and walked
in the Minnesota Twin
Cities Pride Parade and hosted an externaltransgender author and speaker for a
discussion on gender identity

Highlight Event:
Created a pilot
chapter for the
manufacturing population at our plantin Moorpark, California, to encourage
participation in BRGs as well as help ensure
access to equitable opportunities

Highlight Event:
Hosted a Minnesota
Timberwolves and Lynx event to educate
the Pentair and Timberwolves/Lynx
communities on challenges Black employees
encounter in their career journeys and how
to provide support and allyship

P. R . I . D . E . A L L I A N C E

Photo Credit:
Pam Larson, Executive Assistant

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT32

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ABOUT THIS REPORTESG INDEXEMPLOYEE HEALTH AND WELLNESSAt Pentair, we understand the long-term advantages ofoffering comprehensive benefits to help our employees
achieve a healthy balance at work and in life.
In 2023, we implemented a new program in the US
through Hinge Health to help with musculoskeletal
disorders to support our workforce. We also partneredwith Pentair’s business resource groups on various
health initiatives such as breast cancer awareness andmental health.

Our standard benefit offerings are available to all fulltime employees but may vary due to country regulations
or collective bargaining agreements. While these
programs vary by country, we make sure to provide
competitive benefits packages in compliance withlocal laws and regulations. We provide employees andtheir families with a wide range of benefits including
insurance plans, a retirement savings plan, wellness
programs, and paid time off.

Our Executive Vice President and Chief Human
Resources Officer is responsible for Pentair’s employee
health and wellness program and updates our Board of
Directors on a regular basis.
In the US, all full-time employees are eligible to receive
the following benefits, unless otherwise noted.30
Please refer to the Our Culture page on our website for
additional employee benefits offered by Pentair.

EMPLOYEE BENEFITS
Healthcare coverage for
employees and their families

Wellness programs

Vacation, holidays, and sick time

Disability protection

Tuition reimbursement

Employee assistance programand employee emergency fund

Eight weeks paid parental leave forbirth, adoptive, and foster parents 31

401(k) retirement planwith employer match

Employee stock purchase plan

Two weeks paid caregiver leave 31

Life insurance and supplemental
life insurance

Flexible work arrangements

30

Employees from acquisitions generally will be integrated into Pentair’s benefit programs in a phased approach.

31

Benefits will vary for our union populations.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT33

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ABOUT THIS REPORTESG INDEXOCCUPATIONAL HEALTH AND SAFETY
At Pentair, safety is our overriding priority. Creating
a culture of working safely requires proper training
and resources and a commitment to reducing andeliminating hazards using a hierarchy of controls. We
empower our employees to speak up, exercise stop
work authority, and proactively address risks.

all events, independent of severity. We host weekly
meetings to communicate recordable events toother safety leaders within the geographical region
to increase visibility and encourage proactive risk
identification. Required corrective actions must becompleted before events can be closed.

In 2023, we expanded our environmental, health,and safety (“EHS”) program through enhancementof three initiatives:

Our sites conduct job safety analyses (“JSA”) to identify
hazards and assess risk. If a hazard is identified, ourteams assess for risk and use the hierarchy of controls
to identify the most effective methods of control.
We conduct routine JSAs when new processes are
implemented or when changes are made to existingprocesses or conditions of work. Nonroutine JSAs
occur when performing any nonroutine task, such as
unplanned or infrequent equipment maintenance.
Additionally, we conduct daily and weekly safety
inspections, hazard hunts, local site assessments
based on targeted risks, and annual safety management
system assessments.

Stop-Call-Wait: This program empowers
employees to stop work and trigger immediate
action when an unsafe condition is identified.
Eight Golden Rules: These rules are foundational
expectations that apply to everyone performing
work at Pentair sites. To facilitate learning andserve as a continuous reminder of these rules,
we created a training video. We require anyone
working at or visiting a manufacturing site towatch the golden rules video and abide bythese rules.
Critical Seven Do’s and Don’ts: These
guidelines relate to our seven most frequent
injury types. They outline the foundational
behaviors and performance standards expectedof our workforce.
We have an enterprise-wide, standardized injury,
incident, near miss, and observation reporting andinvestigation process. The protocol specifies problemsolving techniques to determine the root cause for

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORTTechnical knowledge and training are key elements forour teams to perform their jobs safely. Our program
includes annual safety compliance-based training in
addition to specialized safety training for specific tasks
at our manufacturing sites.
Contractor safety includes contractor pre-qualificationand site-specific training managed at the site-level.
Our Executive Vice President, Chief Supply Chain Officer
and Chief Transformation Officer is responsible forPentair’s EHS program and provides updates to theBoard of Directors at least annually. Our EHS policy andprogram-specific procedures and standards support
our Chief Executive Officer’s global safety commitment.

EHS LEADERSHIPSTR ATEGY WORKSHOPS
Pentair is committed to integrating our EHS
strategy across the enterprise and ensuring
our leaders drive safety messages effectively.
In 2023, we launched our first EHS leadershipstrategy workshop with our Pentair Flowbusiness segment. Site leaders came together
to discuss safety strategy, ergonomics early
symptom intervention, talent development,
injury/illness risk reduction, and root cause
methodologies. We plan to hold similarworkshops with our Pentair Water Solutions andPentair Pool business segments in 2024.

SAFETY STATS

8

sites with zero recordable
safety incidents

9sites certified to ISO45001 (approximately 20%
of manufacturing sites)

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ABOUT THIS REPORTESG INDEX

SUPPLY CHAIN
At Pentair, our dedication to Making Better Essential
extends to our partners who help us build sustainableproducts throughout our global supply chain. We areworking to achieve a more responsible and resilient
supply chain by embedding ESG aspects into our
supply chain strategy and through ourtransformation efforts.
In 2023, Pentair’s supply chain program focused on
executing against our supply chain transformation
efforts. Our goals are to drive standardization acrosscommodities, reduce complexity, and build beneficial
partnerships between Pentair and our suppliers. We
also focused on supply chain stability to continuously
deliver to our manufacturing sites.
In 2023, our supply chain teams participated in acomprehensive, multi-module training to prepare forstrategic sourcing of the future. Additionally, we hosted
our second supplier show, an event that gives incumbent

and future potential suppliers the opportunity to meetwith Pentair’s executive leadership team and commodity
procurement teams to learn more about our business,
including Pentair’s vision for supplier relationships andthe importance of a responsible supply chain.
We integrate sustainability into multiple stages ofour supplier engagement processes. As part of new
supplier screening, we include a series of questions toassess each supplier’s ESG maturity and alignment with
Pentair’s social responsibility strategy. This includes
questions related to greenhouse gas emissions, water,
waste, diversity, and compliance. Pentair may choose
to work with alternate suppliers if a supplier is notwilling to align with our social responsibility strategy.
Current suppliers undergo an ESG maturity assessment
consisting of ten modules on topics such as biodiversity,
climate impact, human rights, and data protection. Data
from these assessments provides visibility into possible
risks within our supply chain.

Strategic Targets
In partnership with our suppliers, we are expanding our social responsibility strategy beyond
our operations to build a more sustainable supply chain. Our strategic targets include to:•Assess the ESG maturity of 100% of new suppliers with projected spendof greater than $1 million by 2025.

•

Assess the ESG maturity of the top 80% of existing suppliers byspend by 2030.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORTAll suppliers receive Pentair’s Supplier Code of Conduct
and Global Supplier Guide. Pentair takes affirmative
measures to review supplier internal management
systems and compliance with our requirements.
Suppliers must maintain compliance documentation
and be available for Pentair audits if requested. In
2023, Pentair completed over 150 supplier audits.
Pentair works with suppliers on corrective actions andfollows an escalation process in the event a supplieris unable to comply, which may include pursuing analternate supplier.
Our Executive Vice President, Chief Supply Chain
Officer and Chief Transformation Officer is responsible
for our supply chain program and updates our Boardof Directors on a quarterly basis. Various globallyapplicable internal policies guide our supply chain
program. Each quarter, leadership hosts a global supply
chain team town hall to discuss supply chain strategy
and transformation efforts.

2023 Progress•

We assessed the ESG maturity of 50% of new supplierswith projected spend of greater than $1 million.

•

We assessed the ESG maturity of approximately 73%
of our top 80% of existing suppliers by spend.

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ABOUT THIS REPORTESG INDEXPRODUCT QUALITY
Product quality is a top priority at Pentair that weincorporate into our product development process
and beyond, including from initial research to
manufacturing to installment and service.

monitoring systems. These teams meet weekly andreport to leadership monthly on progress and challenges.

Pentair’s quality management system focuses on
consistent product and service quality, customer
satisfaction, and continuous improvement. Our Quality
Management System Playbook contains informationon our Quality Policy, systems, processes, and maturity
assessment and applies to all sites globally. In 2023, 28
sites achieved ISO9001 certification (approximately 66%
of manufacturing sites).

We offer several training programs and encouragecontinuous development for our quality teams, including
standard onboarding and specific skill building tailoredto our sites. We empower manufacturing employees
to raise quality issues to management during daily
activities, and these issues are communicated toleadership, documented, and acted upon. We conduct
annual enterprise quality assessments that include a
review of quality requirements, processes, planning,training, and culture at our sites.

Once a product is available to customers, we continue
to monitor quality through customer feedback,insights from our sales team, and warranty claims. We
manage potential quality concerns through specificreporting processes to ensure appropriate review andinvestigation, and we involve our quality improvement
teams on solutions when needed.

Pentair is a member of the Manufacturers Alliance Quality
Council, and our participation enables best practice
sharing, benchmarking, and discussion with quality
teams across industries. We are corporate membersof the American Society for Quality and Automotive
Industry Action Group, which is a source of training
materials and other resources for our employees.

Within each of our business segments, cross-functional
quality improvement teams proactively focus on quality
through engineering and operations and address any
improvement opportunities arising from our quality

Our Executive Vice President, Chief Supply Chain Officer
and Transformation Officer is responsible for our quality
program. The Board of Directors discusses quality
performance in key businesses during meetings.

WORLD QUALITY WEEK
Pentair is committed to delivering highquality, world-class products and services that
contribute to the success of our customers.
To celebrate our employees, whose work
is instrumental in achieving this goal, weorganized events to commemorate World
Quality Day. The events reinforced our 2023
theme, “Quality Is Everyone’s Responsibility”,
and included lunch and learns, competitions,recognition of quality heroes, and more.

IMPROVING QUALITY WHILESAVING ENERGY IN ROTATIONALMOLDING PROCESS
Our team in Steinhagen, Germany successfully
improved the quality of the site’s large sewage
tanks by optimizing oven temperatures andadjusting cycle durations. Not only was the
scrap rate reduced, but the team was able tosave an estimated 55,000 kWh annually.

Photo Credit:
Marko Zgela, Quality Senior Manager

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ABOUT THIS REPORTESG INDEXCOMMUNITY IMPACT
Pentair and the Pentair Foundation work
together to make a difference in our communities
through various grant making programs aswell as through Team Pentair, our employeeled volunteerism and giving program.
In 2023, the Pentair Foundation launched an updated
strategic plan and mission to further amplify its
impact in our focus areas of water, education, andcommunity. The mission of the Pentair Foundation
is to support and advance inclusive and sustainablecommunities by investing in the availability, quality, andenjoyment of water and by increasing the participationof youth and young adults in Science, Technology,
Engineering and Math (“STEM”) education. Specificallyin water-based philanthropy we are focused on:
MOVE: Reduce water stress and build
ecological resilience
IMPROVE: Improve water quality and reduce
single-use plastic water bottles
ENJOY: Increase swim safety and promotewater-related wellbeing

WATER
We support organizations and collaborate with partners
to increase access and availability of cleaner, filteredwater through a variety of projects including our Project
Safewater initiative, a program that combines Pentair
Foundation giving with Pentair products and solutions.

32

GreenSource
After more than a decade of support, Pentair’s site in
Enschede, Netherlands, is close to completing its lastyear of involvement with GreenSource in 2024. The
initiative, which is co-funded by the Dutch Ministry ofForeign Affairs of the Netherlands, brings together
multiple local, technology, and university partners toprovide communities in South Africa with a combined
water source and multi-sport playground. Pentair
provided containerized water filtration systems andtechnical assistance with an estimated monetarycontribution of more than $750,000. Pentair is proud tohave contributed to a sustainable impact in the South
African communities by providing solutions that produce
safe, drinkable water with a combined capacity of morethan 300 million liters per year across South Africa.
Project Safewater Initiative
As part of our Project Safewater initiative, membersof our Global Engineering Center in Noida, India, joined
representatives from Safe Water Network to celebrate
the opening of an updated water treatment system
built with Pentair Foundation support at Primary
School, Khora. In 2016, the Pentair team installed areverse osmosis (“RO”) water filtration system at theschool. Unfortunately, after sitting idle during the
pandemic, the system no longer worked properly,
and the community was again dealing with waterbased health challenges. The Pentair team worked
with the Safe Water Network to install a new RO

water filtration system and the infrastructure needed
to protect the system. The team also installed an
integrated system that reuses wastewater in the school
washroom and facilitated hygiene practices, including
a handwashing facility, to help reduce waterborne
diseases. The school administration uses the treatedwater to prepare mid-day meals for the students
and chilled water for drinking purposes for students,
teachers, and neighboring community members.

2023 IMPACT
1.3 million people reached through Pentair
Foundation grant partners 32$1.85 million invested in the community
by Pentair and the Pentair Foundation$210,320 in matching contributions fromthe Pentair Foundation, amplifying theimpact of team volunteerism and personal
charitable giving
More than $80 million donated tophilanthropic causes by Pentair and
the Pentair Foundation since 1988

Based on annual impact reports filed by grantees.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT37

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PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXCOMMUNITY IMPACTEDUCATION
We support organizations working to increase access to
educational opportunities for underserved communities
in developing countries. We invest in creating the next
generation of STEM leaders through STEM educational
programs in communities where Pentair operates.
Project Scientist
In 2023, Pentair partnered with Project Scientist, a
Pentair Foundation grant recipient, that works withgirls ages four through 12 from under-resourced
communities to demonstrate career possibilities in
STEM fields for our third consecutive summer. Pentair
hosted summer expeditions at our office in Golden
Valley, Minnesota and Pool Innovation Center in Apex,
North Carolina in which employees spoke about theirown STEM career journeys and current roles. Activities
included seeing how Pentair utilizes 3D printing, water

filtration and chemistry demonstrations, a day-in-thelife of product design, and a paper airplane competition.

COMMUNITY
Pentair operates in many diverse communities
around the world, each with its own unique needs
and challenges. We work with local organizations
and partners to understand where and how we canhelp, and we amplify the impact of our employees bymatching their donations of time and resources.
Girl Scouts River Valleys
In 2023, Pentair’s Women’s Resource Group (“WRG”)
partnered with Girl Scouts River Valleys to bringwater-themed STEM learning to Girl Scouts in local
communities. An event held at Pentair’s site in White
Bear Lake, Minnesota served as a highlight of thisfirst year’s efforts. WRG volunteers engaged morethan 45 Girl Scouts in second through fifth grade inwater and sustainability activities to demonstrate how
engineers use design-thinking to solve problems.
Team Pentair
Team Pentair is an employee-led initiative supported
by Pentair and the Pentair Foundation that amplifies
employees’ impact through matching gifts andvolunteerism. Employees who volunteer in teams offive or more receive a $1,000 matching grant for their
qualified organization for every 25 hours of teamservice. Pentair employees who volunteer individually
receive a $500 matching grant for 25 total hours.
In 2023, employees actively participated in theircommunities in multiple ways including Earth Month
Clean Up at the Westwood Hills Nature Center andRise Against Hunger hosted by the North Carolina
Society of Human Resources. Please refer to ourTeam Pentair page on our website for more information.

Photo Credit:
Thanyaporn Pornsasawat,
Sales Support

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT38

GOVERNANCE
Pentair’s governance practices set the foundation for how wemake life’s most essential resource better for people and theplanet. Together with our Win Right values, these principles guidethe decisions we make and the actions we take that impact ouremployees, communities, partners, customers, and the world inwhich we live.

In this section:
Social Responsibility Governance and Risk Management
Ethical Business Practices
Labor and Human Rights
Information Security and Data Privacy
Corporate Associations and Contributions

Photo Credit:
Karla Robertson, Executive Vice President, General Counsel, Secretary, and Chief Social Responsibility Officer

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ABOUT THIS REPORTESG INDEXSOCIAL RESPONSIBILITY GOVERNANCE
AND RISK MANAGEMENT
GOVERNANCE
Pentair’s Executive Vice President, General Counsel,
Secretary, and Chief Social Responsibility Officer leads
our social responsibility team and provides oversightof our strategy, strategic targets, and reporting
requirements. The Governance Committee of our Boardof Directors reviews social responsibility mattersquarterly, and the full Board of Directors receives
updates at least annually including progress on our
strategic targets.
Our executive leadership team regularly engages on key
social responsibility projects. Cross-functional leaders
work with our dedicated social responsibility team tointegrate social responsibility into their businesses,
functions, and processes.
Pentair’s 2023 executive officer management incentive
plan (“MIP”) included an ESG component addressing
progress toward our Social Responsibility Strategic

33

Targets in the form of a potential modifier to the final
MIP financial calculation. This modifier may be applied
to the MIP payout, determined based on achievement of
the MIP financial targets, to increase or decrease suchpayout by up to 10%.

RISK MANAGEMENT
Pentair has a multi-component risk management
program overseen by our Executive Vice President,
General Counsel, Secretary, and Chief Social
Responsibility Officer and our Board of Directors.
Through our enterprise risk management program(“ERM”), the Board of Directors reviews significant
and material risks facing the business and helps
ensure that management develops and implements
appropriate controls and risk mitigation strategies.
Our ERM program includes discussion regarding social
responsibility focus areas and our senior director ofsocial responsibility is an ERM program participant.

For more information on Pentair’s corporate
governance structure and our approach to risk
management, please refer to our 2024 Proxy Statement,
Annual Report on Form 10-K or visit ourInvestor Relations website.

BOARD OF DIRECTORS OVERVIEW

107members

years average
tenure balance

9
4
40%

independent directors

female directors

diverse directors
based on race/
ethnicity33

Includes Middle Eastern, Black/African American, Asian, and two or more races.

Photo Credit:
Andrea Giovannelli,
Sales Support Manager

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ABOUT THIS REPORTESG INDEXETHICAL BUSINESS PRACTICES
Pentair’s ethical business practices enable us topromote business value and deliver results to ourstakeholders. The Pentair Code of Business Conduct
and Ethics embodies these practices and applies to all
employees, contractors, executives, and our Boardof Directors.
Pentair employees complete compliance training
annually, including job-related training for certain
teams and online training for professional employees.
We communicate on ethics topics throughout the year
via our company’s intranet site and on-site materials.
100 percent of our active professional-level employees
completed 2023 training on our Pentair Code ofBusiness Conduct and Ethics.

Employees may also report suspected violations directly
to their human resources representative or supervisor
or file a report online at PentairEthics.com. Our Office ofBusiness Conduct and Ethics is available for employees
to submit complaints directly by phone, e-mail, or mail.
Our compliance team follows a robust process to review
all reported concerns and investigate as appropriate.
Substantiated concerns may result in disciplinary
action up to and including termination. Pentair does nottolerate retaliation in any form against employees forraising concerns or making good faith reports about
possible breaches of law, policy, or ethical violations.

Throughout the year, our compliance team collaborates
with our internal audit function, ensuring continuedalignment on focus areas. Our compliance teamconducts periodic reviews to ensure we are operating
effectively and consistently and aligning to recognized,
applicable standards.

In addition to the Pentair Code of Business Conduct
and Ethics, various other internal policies relate to
ethical business practices. Examples include ourConflict of Interest, Gifts, and Entertainment Policy,
Anti-Bribery and Corruption Policy, and Raising
Concerns and Non-Retaliation Policy. We extend our
expectations to our suppliers and vendors throughour Supplier Code of Conduct and standard terms
and conditions.

Pentair is committed to creating an environment where
employees are encouraged to speak up, ask for help,
and raise concerns. Our confidential and anonymous
Pentair Ethics Helpline is available to employees in thelanguages of the regions where we operate. The helpline
can be accessed on the web or by phone through local
toll-free numbers in countries with Pentair employees.

Our compliance team manages our ethics programand shares progress with our Chief Executive Officer,
Chief Financial Officer, and General Counsel quarterly.
Additionally, our General Counsel provides program
updates to the Audit and Finance Committee and
the Governance Committee of our Board of
Directors quarterly.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

Anti-Bribery and Anti-Corruption
We compete based on our product and service
quality, pricing, and reputation. We prohibit offering
or accepting bribes or other unlawful payments toobtain new business or retain existing business. Bribery
is prohibited not just for Pentair employees, but also
for third-parties that conduct business on our behalf.
Our annual compliance training for active professionallevel employees contains a module on anti-bribery
and anti-corruption.

Photo Credit:
Lisa Vortherms,
Executive Assistant

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ABOUT THIS REPORTESG INDEXLABOR AND HUMAN RIGHTSAt Pentair, we are committed to conducting businesswith absolute integrity, which includes the protectionof human rights and fair labor practices within ourown operations and value chain. As a global company,
Pentair is committed to complying with applicableinternational laws, regulations, and global standards
and following the local laws of each country where we
do business.

discrimination and harassment of all types toward all
employees and applicants for employment on the basisof race (including related to hairstyle); color; religion;sex (including pregnancy, lactation, and childbirth);sexual orientation; gender identity; age; national origin;disability; genetic information; veteran status; uniform
service member status; or any protected status underfederal, state, or local law.

Pentair’s Code of Business Conduct and Ethics,
Human Rights Policy, and compliance policies require
employees to act with the highest levels of ethics andintegrity and to treat others in a fair and equitablemanner. Our Human Rights Policy aligns with thestandards set forth by the International Labour
Organization, the United Nations (“UN”) International
Bill of Human Rights, and the UN Guiding Principles on
Business and Human Rights. Our active professionallevel employees participate in annual training on
our Pentair Code of Business Conduct and Ethics,
which covers responsibilities related to labor andhuman rights. Pentair’s Anti-Discrimination and Equal
Employment Opportunity Policy, Anti-Harassment
Policy, and Raising Concerns and Non-Retaliation
Policy provide Pentair’s equal employment and antidiscrimination statements, clarify prohibited conduct,and define the complaint processes. Pentair also
provides anti-harassment training to all employees as
required by local law.

PentairEthics.com provides a place for our employees,
suppliers, and external stakeholders to confidentiallyand anonymously report concerns or violations related
to human rights. We maintain open and collaborative
relationships with employees to help ensure their views
are represented. Pentair is committed to being a place
where our employees are proud to work and where
integrity is a core principle of how we work.

These enterprise policies reflect our Win Right values
and demonstrate our commitment to providing
equal employment opportunities and prohibiting
34

Our Executive Vice President and Chief Human
Resources Officer and Executive Vice President,
General Counsel, Secretary, and Chief Social
Responsibility Officer share responsibility for Pentair’s
labor and human rights efforts.

Our Supplier Code of Conduct requires our suppliers
to conform to our Conflict Minerals Policy and to ourantislavery and human trafficking guidelines. We utilize
a third-party assessment and certification provider
for our yearly conflict minerals survey. Through thisthird-party audit process, Pentair performs an annual
survey of our direct suppliers regarding the presenceof conflict minerals. The goal is to receive informationfrom suppliers that constitute 95% of our directspend. When this process detects potential risks inthe supply chain, Pentair works to mitigate the risks as
appropriate. Pentair does not have a direct relationshipwith smelters and/or refiners; most of the work is
carried out indirectly through Pentair’s suppliers or
through our involvement with industry working groups
and coalitions.
For more information on labor and human rights at
Pentair, please see the following resources:
Partner and Supplier Resources
Human Rights Policy
Conflict Minerals Policy

Protecting Human Rights in Our Supply Chain

Conflict Minerals Report 34

Our Supplier Code of Conduct outlines our
expectations on social and compliance issues and how
suppliers are expected to manage ESG risks within
their operations and supply chain. This includes ourrequirement for our suppliers to respect internationallyrecognized human rights.

Slavery and Human Trafficking Statement
Supplier Code of Conduct
Pentair Code of Business Conduct and Ethics

Due to publication timing, Pentair’s Conflict Minerals Report from calendar year 2022 is included. The Conflict Minerals Report for calendar year 2023 is planned for release in early summer 2024.

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ABOUT THIS REPORTESG INDEXINFORMATION SECURITY AND DATA PRIVACY
Our management and Board of Directors recognize theimportance of maintaining the security and resiliencyof our cybersecurity environment to deliver on the
expectations of our customers, dealers, business
partners, employees, and investors. The Board of
Directors is actively involved in our risk management
practices, including oversight of our overall ERM
program, in which cybersecurity risk is included. Our
cybersecurity program is aligned with the National
Institute of Standards and Technology (“NIST”)
Cybersecurity Framework (“CSF”) and leverages
International Organization for Standardization and otherapplicable industry standards. Overall, the purposeof our information security program is to protect
the confidentiality, integrity and availability of oursystems and data, along with the safe operation of ourconnected products. This is supported by our security
operating framework, roadmap, and governance.
We have established processes to assess, identify
and manage material risks from cybersecurity
threats. Annual risk assessments are performed
and incorporated as part of our ERM organizational
process. Strategic and operational cybersecurity
risks are assessed, identified, and managed byour cybersecurity team, which is led by our Chief
Information Security Officer (the “CISO”). Our
cybersecurity team shares information regarding
such risks with our Security Steering Committee,
which consists of our Chief Financial Officer, GeneralCounsel, Chief Human Resources Officer, Chief

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORTTechnology Officer, and Chief Supply Chain Officer,
and our ERM function, both of which support theBoard of Directors’ oversight of cybersecurity risk.
Additionally, working groups, such as our Artificial
Intelligence council, address key issues and topics.
We deploy technical safeguards that are designed
to protect our systems from cybersecurity threats,
including firewalls, anti-malware software, andauthentication and authorization controls. Ongoingenhancements are integrated into our security
roadmap, as informed by our security audits andassessments. We have in place an incident response
plan to identify, protect, detect, respond to, andrecover from cybersecurity threats and incidents.
The CISO, the Security Steering Committee, our Chief
Executive Officer and the Board of Directors are notified
of any material cybersecurity incidents through anestablished escalation process. Our incident response
team maintains a standard playbook to respond toany potential cybersecurity incidents. We test andevaluate our plans on a regular basis. We maintaina risk-based third-party risk management process
to identify, assess and manage risks presented byservice providers, vendors and other third parties thataccess our systems or that process or store our data.
We provide ongoing security awareness andtraining to educate internal users on how to identify
and report potential issues. Professional-level
employees receive mandatory cybersecurity

education and training. Employee phishing tests
are conducted on a regular basis. Employees who
do not follow protocol are redirected for additional
training. We also provide periodic updates to
employees on emerging cybersecurity trends andways to protect themselves and our company.

Photo Credit:
Liz Brown,
Channel Marketing Manager

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ABOUT THIS REPORTESG INDEXINFORMATION SECURITY AND DATA PRIVACY
We perform periodic security audits and assessments
to test our cybersecurity program. These efforts
span across our cybersecurity program, including
but not limited to audits, assessments, tabletop
exercises, vulnerability scanning and penetration
tests. We regularly engage third parties to assess
our cybersecurity program, including cybersecurity
maturity assessments, penetration testing, andindependent review of our security control environmentand operating effectiveness. The results of theassessments are included for review by the Security
Steering Committee and the Audit and FinanceCommittee of the Board of Directors. We believe ourcybersecurity program is enhanced with the resultsof the audits, assessments and reviews performed.
The Board of Directors is responsible for general
oversight of our risk management, including
cybersecurity risk. The Audit and Finance Committeeof the Board of Directors is responsible for overseeing
our risk exposure to information security, cybersecurity,and data protection, as well as the steps management
has taken to monitor and control such exposures.
Cybersecurity reviews are conducted at least quarterly
and reported to the Board of Directors or the Audit and
Finance Committee by the CISO and/or Chief Financial
Officer at least quarterly. Our cybersecurity team, whichassesses and manages our risks from cybersecurity
threats, is led by the CISO, who reports to our Chief
Financial Officer. Additional oversight for assessing
and managing cybersecurity risk include the Security
Steering Committee and as part of our ERM program.
Pentair maintains overarching Information Security,
Acceptable Use, and Data Classification and Handlingpolicies supported by sub-policies, standards,
and procedures on specific information security
topics. All policies apply to our operations globally.

Aspects of our program related to our internal control
over financial reporting are internally audited andexternally attested to by our third-party auditor
annually. Pentair also maintains cyber insurance.
Pentair is committed to complying with applicableprivacy and data protection laws wherever it does
business. Pentair’s Global Privacy Office, part ofthe legal function reporting to the General Counsel,
implements data privacy policies that govern how
we collect, process, store, and transmit data lawfully
as well as the safeguards in place to maintain andprevent unauthorized use or disclosure. Pentair
treats any personal information that it collects
regarding employees or any third-party with care andprotects such information with policies and practices
designed to help ensure the information is used
lawfully and properly. Additional information can befound on the Privacy Notice page of our website.

Photo Credit:
Maurita Magstadt,
Sustainability Manager

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ABOUT THIS REPORTESG INDEXCORPORATE ASSOCIATIONS AND CONTRIBUTIONSIn 2023, Pentair did not make any corporate politicalcontributions. Our Political Contributions Policy
governs such contributions, should they be made in
the future. This policy is in place to ensure that if suchcontributions are made, they are made in a mannerconsistent with Pentair’s Win Right values, and thatthey protect and/or enhance stakeholder value.
Our Chief Executive Officer, Chief Financial Officer, andGeneral Counsel must approve political contributions
made by the company. Company management provides
an annual report to the Governance Committee
on any political contributions made by Pentair.
Pentair is a member of numerous trade associations,professional societies, industry groups, and other taxexempt organizations. These organizations dialogue
with government officials and other key stakeholders on
industry-relevant issues. Pentair may not always sharethe views of its industry peers and associations and, incertain circumstances, may choose to not participate
in industry and trade group-related activities. Pentair
will voluntarily disclose the portion of payments thatmajor US‐based trade associations and other taxexempt organizations report to the company as being
used for political activity purposes where payments
are $50,000 or greater. Please refer to Pentair’s 2023
Political Contributions Reporting for more information.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

Photo Credit:
Samantha Simmons,
Channel Marketing Specialist

45

ABOUT THISREPORT
In this section:
Scope
Materiality
Report Links
Recasts and Corrections
Feedback
Caution Concerning Forward-Looking Statements
Assurance

Photo Credit:
Stephane Colomb, Global Industrial Designer & Engineer

46

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MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXABOUT THIS REPORTSCOPE

MATERIALITY

RECASTS AND CORRECTIONSThis report, published on April 18, 2024, describes
Pentair’s strategy and performance related to oursocial responsibility program. Content focuses on ourpriority social responsibility areas and supplements
information in our Annual Report on Form 10-K for the
fiscal year that ended on December 31, 2023. Unlessotherwise noted, data in this report is based on calendar
year 2023 (January 1, 2023, through December 31, 2023),
or provided as of December 31, 2023, as applicable.

For purposes of this report, we report against ourmaterial social responsibility topics identified
through our internal materiality assessments andour stakeholder engagement. We use the Global
Reporting Initiative’s definition of materiality, which isdifferent from the definition used for the US Securities
and Exchange Commission filings. The inclusion of
information in this report should not be construed as acharacterization regarding the materiality or financial
impact of that information for Securities and Exchange
Commission reporting purposes. For additional
information that is material to Pentair plc, including
information on the factors that could impact our ability
to execute our strategy and other material risks to ourbusiness, please see our filings with the Securities andExchange Commission, including our Annual Reporton Form 10-K and Quarterly Reports on Form 10-Q.

Pentair is committed to continual improvementin our social responsibility disclosures. As such,
we have made the following recasting decisions
and corrections from previous reporting:Our greenhouse gas (“GHG”) emissions inventory for
Scope 1 and 2 emissions follows the World Resources
Institute/World Business Council for Sustainable
Development Greenhouse Gas Protocol Corporate
Accounting and Reporting Standard. Our GHG
emissions and water inventories include owned andleased sites where Pentair has full operational control,
including our recently acquired businesses. Sites
that are less than 0.1% of our 2022 GHG emissions
or water inventories are estimated based on square
footage and using Commercial Building Energy
Consumption Survey, World Bank, and extrapolationfrom similar Pentair sites. Please note the scopedetails within footnotes and the ESG Index.
Due to rounding, the numbers presented
throughout this report may not add up precisely
to the totals provided. Data and information
are collected and managed through various
internal reporting and management systems.

REPORT LINKS
This report contains links to other websites andreferences information from other websites. Such links
and references are not endorsements of any products orservices in such websites, and no information on suchwebsites has been endorsed or approved by Pentair.

We updated our internal definition for “highconsequence work-related injuries (excluding
fatalities)” in 2023. “High-consequence work
related injuries (excluding fatalities)” have been
omitted for the years 2019-2022, and redefinedas “severe injuries resulting in lost-time” for2023. See GRI 403-9.
We updated GRI 308-1, “new suppliers that werescreened using environmental criteria (%),” andGRI 414-1, “new suppliers that were screenedusing social criteria (%)” for 2022 due to an error
in data collection.
We updated GRI 401-3, “number of employees
who returned from parental leave and are still
employed after 12 months of returning to work,”
and the “retention rate for employees who
took parental leave (%)” for 2021 due to a datacollection and calculation error.
We updated GRI 306-5, “incineration (withenergy recovery)” and “incineration (without
energy recovery)” for both non-hazardous andhazardous waste disposed for the years 20192022. The applicable data points are regarded as“other” waste disposed in the 2023 report.

47

ABOUT PENTAIR

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PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXABOUT THIS REPORTIn 2023, we improved our methodology forcalculating water discharge and consumption.
We have updated the water discharge andconsumption figures for the years 2019 through2022 to reflect this updated methodology. See
GRI 303-4 and 303-5.
In our 2022 Corporate Responsibility Report,
fuels reported as “Ethanol” were intended to be“E-85” for the year 2022. We have reflected
this update in our 2023 report. See GRI 302-1
and 305-1.
Total energy consumption within theorganization from both renewable andnonrenewable sources has been updated for all
years in this report to reflect a correction to aunit of measure conversion factor. See GRI 302-1
and SASB RT-IG-130a.1.
Scope 1 energy consumption was updated forthe years 2020 and 2021 to include acetylene
as “other” nonrenewable fuel consumption.
See GRI 302-1.

Pentair’s 2022 Corporate Responsibility
Report incorrectly stated that in 2022,
no US-based trade association or other taxexempt organization to which Pentair made apayment of $50,000 or more in 2022 reported
to Pentair that any portion of that payment
was used for political activity purposes. See
Pentair’s 2022 Political Contributions Reportingfor more information.

FEEDBACKWe recognize the dynamic nature of social responsibility
risk and disclosure and the associated financial
implications. We believe organizations that understandtheir social responsibility risks and proactively
incorporate them into their holistic business strategy
are well-positioned for success, sustainability, andfuture growth. This report can be used to demonstratecommitment to social responsibility and to measure
and compare performance over time. We intend
to continue annual reporting. For questions orcomments, please contact ESG@pentair.com.

CAUTION CONCERNINGFORWARD-LOOKING STATEMENTS
This report contains statements that we believe to be“forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fact,
are forward-looking statements. Without limitation,
any statements preceded or followed by or that include
the words “targets,” “plans,” “believes,” “expects,”“intends,” “will,” “likely,” “may,” “anticipates,” “estimates,”“projects,” “should,” “would,” “could,” “positioned,”“strategy,” or “future” or words, phrases, or terms ofsimilar substance or the negative thereof are forwardlooking statements. These forward-looking statements
are not guarantees of future performance and are
subject to risks, uncertainties, assumptions, andother factors, some of which are beyond our control,
which could cause actual results to differ materiallyfrom those expressed or implied by such forwardlooking statements, including the risk that we will be
unable to execute our strategy because of market orcompetitive conditions. All forward-looking statements
speak only as of the date of this report. Pentair plc
assumes no obligation, and disclaims any obligation,
to update the information contained in this report.

Photo Credit:
Ria Bijl, Service Administrator

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT48

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PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXASSURANCE STATEMENTPENTAIR 2023 CORPORATE RESPONSIBILITY REPORT49

ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXASSURANCE STATEMENTPENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

50

ESG INDEXIn this section:
Global Reporting Initiative Index
Sustainability Accounting Standards Board Index
Task Force on Climate-related Financial Disclosures Index

Photo Credit:
Emily Berezni, Credit Analyst

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ABOUT THIS REPORTESG INDEXGLOBAL REPORTING INITIATIVE INDEX
Pentair is reporting the information contained in our Global Reporting Initiative (“GRI”) Index for the period of January 1, 2023, through December 31, 2023, with reference to the GRI
Standards. Dashes in the table indicate metrics that are not applicable or available for disclosure.

DISCLOSURE

METRIC

2019

2020

2021

2022

2023

RESPONSE

GRI 2: GENERAL DISCLOSURES 2021
2-1

Organizational details

-

-

-

-

-

2023 Annual Report on Form 10-K
About Pentair

2-2

Entities included in the organization’ssustainability reporting

-

-

-

-

-

2023 Annual Report on Form 10-K

2-3

Reporting period, frequency and contact
point

-

-

-

-

-

FY2023 unless otherwise stated
AnnualESG@Pentair.com

2-4

Restatements of information

-

-

-

-

-

About this Report: Recasts and Corrections

2-5

External assurance

-

-

-

-

-

About this Report: Assurance

2-6

Activities, value chain and other business
relationships

-

-

-

-

-

2023 Annual Report on Form 10-K
2024 Proxy Statement
About Pentair
People: Supply Chain

2-7

Total employees 1

9,290

9,878

11,263

11,18910,5782023 Annual Report on Form 10-K
People: Talent

2-7

Total full-time employees

-

-

-

10,888

10,2892023 Annual Report on Form 10-K
People: Talent

2-7

Total part-time employees

-

-

-

301

289

2023 Annual Report on Form 10-K
People: Talent

2-8

Total workers who are not employees 2

-

-

-

415

415

People: Talent

2-9

Governance structure and composition

-

-

-

-

-

2024 Proxy Statement
Board of Directors
Corporate GovernanceCorporate Governance Principals
Governance: Social Responsibility Governanceand Risk Management

2-10

Nomination and selection of the highest
governance body

-

-

-

-

-

2024 Proxy Statement
Governance Committee Charter

2-11

Chair of the highest governance body

-

-

-

-

-

2024 Proxy Statement

1

Excludes contingent workers; Includes temporary employees.

2

Contingent workers only.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT52

ABOUT PENTAIRDISCLOSURE
2-12

MAKING BETTER ESSENTIAL

METRIC
Role of the highest governance body inoverseeing the management of impacts

PLANET2019-

PEOPLEGOVERNANCE

2020-

ABOUT THIS REPORT

2021
-

2022
-

ESG INDEX

2023

RESPONSE-

2024 Proxy Statement
Audit and Finance Committee Charter
Compensation Committee Charter
Governance Committee Charter
Governance: Social Responsibility Governanceand Risk Management

2-13

Delegation of responsibility for managing
impacts

-

-

-

-

-

2024 Proxy Statement
Audit and Finance Committee Charter
Compensation Committee Charter
Governance Committee Charter
Governance: Social Responsibility Governanceand Risk Management

2-14

Role of the highest governance body insustainability reporting

-

-

-

-

-

2023 Annual Report on Form 10-K
2024 Proxy Statement
Governance: Social Responsibility Governanceand Risk Management

2-15

Conflicts of interest

-

-

-

-

-

2024 Proxy Statement
Pentair Code of Business Conduct and Ethics
Governance: Ethical Business Practices

2-16

Communication of critical concerns

-

-

-

-

-

2023 Annual Report on Form 10-K
2024 Proxy Statement
Governance: Social Responsibility Governanceand Risk Management
Pentair Website

2-17

Collective knowledge of the highest
governance body

-

-

-

-

-

2024 Proxy Statement
Governance: Social Responsibility Governanceand Risk Management

2-18

Evaluation of the performance of the highest
governance body

-

-

-

-

-

2024 Proxy Statement

2-19

Remuneration policies

-

-

-

-

-

2024 Proxy Statement

2-20

Process to determine remuneration

-

-

-

-

-

2024 Proxy Statement

2-21

Annual total compensation ratio

-

-

-

-

-

2024 Proxy Statement

2-26

Mechanisms for seeking advice and raisingconcerns

-

-

-

-

-

Pentair Code of Business Conduct and Ethics
Governance: Ethical Business Practices

2-27Compliance with laws and regulations

-

-

-

-

-

2023 Annual Report on Form 10-K

2-28

Membership associations

-

-

-

-

-

Pentair partners with numerous organizations,
including industry partners, governments, andnongovernmental organizations (NGOs), to bringour Social Responsibility vision to life throughour business operations, within our industry andacross communities. Key partners are mentioned
throughout this report.
Governance: Corporate Associations
and Contributions
Political Contributions Policy

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT53

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METRICPLANET2019

PEOPLEGOVERNANCE

2020

ABOUT THIS REPORT

2021

2022

ESG INDEX

2023

RESPONSE

2-29

Approach to stakeholder engagement

-

-

-

-

-

Making Better Essential: Materiality Assessments
Investor Relations Website

2-30

Total employees covered by collective
bargaining agreements (%) 3

28%

29%

26%

28%

31%

2023 Annual Report on Form 10-K
People: Employee Health and Wellness

GRI 3: MATERIAL TOPICS 2021
3-1

Process to determine material topics

-

-

-

-

-

Making Better Essential: Materiality Assessments

3-2

List of material topics

-

-

-

-

-

Making Better Essential: Materiality Assessments

3-3Management of material topics

-

-

-

-

-

Planet: Product Design for Sustainability
Planet: Climate and Greenhouse Gas Emissions
Planet: Water Stewardship

GRI 201: ECONOMIC PERFORMANCE 2016
3-3

Management of material topics

-

-

-

-

-

2023 Annual Report on Form 10-K

201-1

Direct economic value generated anddistributed

-

-

-

-

-

2023 Annual Report on Form 10-K

201-2

Financial implications and other risks
and opportunities due to climate change

-

-

-

-

-

2023 Annual Report on Form 10-K
TCFD Index

201-3

Defined benefit plan obligations andother retirement plans

-

-

-

-

-

2023 Annual Report on Form 10-K

-

-

-

-

-

2023 Annual Report on Form 10-K

-

-

-

-

-

People: Supply Chain

GRI 202: MARKET PRESENCE 2016
3-3

Management of material topics

GRI 204: PROCUREMENT PRACTICES 2016
3-3

Management of material topics

GRI 205: ANTI-CORRUPTION 2016
3-3

Management of material topics

-

-

-

-

-

Governance: Ethical Business Practices
Governance: Labor and Human Rights
2023 Annual Report on Form 10-K

205-2

Communication and training aboutanti-corruption policies and procedures

-

-

-

-

-

Governance: Ethical Business Practices
Governance: Labor and Human Rights
2023 Annual Report on Form 10-K

Management of material topics

-

-

-

-

-

Pentair Code of Business Conduct and Ethics

3-3Management of material topics

-

-

-

-

-

2023 Annual Report on Form 10-K
Pentair UK Tax Strategy

207-1

Approach to tax

-

-

-

-

-

2023 Annual Report on Form 10-K
Pentair UK Tax Strategy

GRI 206: ANTI-COMPETITIVE BEHAVIOR 2016
3-3

GRI 207: TAX 20193

Denotes employees covered by manufacturing labor collective bargaining agreements (including works council employee representation) as a percent of total Pentair population.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT54

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MAKING BETTER ESSENTIALDISCLOSURE

METRIC

207-2

Tax governance, control, and risk
management

PLANETPEOPLE2019

GOVERNANCE

2020

ABOUT THIS REPORT

2021

2022

ESG INDEX

2023

RESPONSE

-

-

-

-

-

2023 Annual Report on Form 10-K
Pentair UK Tax Strategy

GRI 302: ENERGY 2016
3-3

Management of material topics

-

-

-

-

-

Planet: Climate and Greenhouse Gas Emissions

302-1

Total energy consumption within theorganization (GJ)

1,179,063.0

1,176,786.3

1,226,456.8

1,176,551.6

1,135,395.3

Planet: Climate and Greenhouse Gas Emissions

302-1

Total energy consumption within theorganization from nonrenewable sources

1,173,793.9

1,171,564.1

1,177,114.6

960,533.5

919,616.7

Planet: Climate and Greenhouse Gas Emissions

302-1

Total energy consumption within theorganization from renewable sources

5,269.1

5,222.2

49,342.2

216,018.1

215,778.6

Planet: Climate and Greenhouse Gas Emissions

302-1

Total Scope 1 and 2 energy consumption(kWh)327,517,505.0

326,885,092.5

340,682,441.4

326,819,897.9

315,387,573.4

Planet: Climate and Greenhouse Gas Emissions

302-1

Total nonrenewable fuel consumption (kWh)168,848,686.3

167,025,413.8

175,009,865.4

166,521,368.3

168,496,286.4

Planet: Climate and Greenhouse Gas Emissions

302-1

Natural gas

119,738,644.8

120,351,018.3

126,945,348.5

113,748,481.6

116,897,477.9

Planet: Climate and Greenhouse Gas Emissions

302-1

Diesel9,600,139.9

7,047,348.8

7,107,300.5

7,397,820.0

9,073,500.1

Planet: Climate and Greenhouse Gas Emissions

302-1

Ethanol

15,281.7

8,803.4

4,387.2--

Planet: Climate and Greenhouse Gas Emissions

302-1

E-85

-

-

-

166,386.7

34,250.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Gasoline

36,415,140.1

36,130,925.9

37,179,677.1

41,078,245.5

38,059,328.4

Planet: Climate and Greenhouse Gas Emissions

302-1

Kerosene

466,653.0

231,445.0

167,557.9

135,587.2

86,806.1

Planet: Climate and Greenhouse Gas Emissions

302-1

Propane/LPG

2,516,824.5

3,159,870.1

3,509,591.8

3,785,285.6

3,189,734.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Other

96,002.3

96,002.3

96,002.3

209,561.6

1,155,189.9

Planet: Climate and Greenhouse Gas Emissions

302-1

Total purchased energy consumption renewable and nonrenewable (kWh)157,205,188.7

158,409,062.7

164,203,368.0

158,787,253.6

145,785,489.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Purchased electricity (nonrenewable)

157,205,188.7

158,409,062.7

151,966,343.4

100,195,995.5

86,501,024.9

Planet: Climate and Greenhouse Gas Emissions

302-1

Steam

0.0

0.0

0.0

0.0

385,080.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Heat

0.0

0.0

0.0

0.0

0.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Cooling

0.0

0.0

0.0

0.0

0.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Other

0.0

0.0

74.2

97,496.1

66,680.2

Planet: Climate and Greenhouse Gas Emissions

302-1

Purchased electricity (RECs)

0.0

0.0

12,236,950.4

58,493,762.0

58,832,703.9

Planet: Climate and Greenhouse Gas Emissions

302-1

Total energy sold (kWh)0.0

227,082.0

0.0

0.0

0.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Electricity

0.0

227,082.0

0.0

0.0

0.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Steam

0.0

0.0

0.0

0.0

0.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Heat

0.0

0.0

0.0

0.0

0.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Cooling

0.0

0.0

0.0

0.0

0.0

Planet: Climate and Greenhouse Gas Emissions

302-1

Other

0.0

0.0

0.0

0.0

0.0

Planet: Climate and Greenhouse Gas Emissions

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT55

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PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXDISCLOSURE

METRIC

2019

2020

2021

2022

2023

RESPONSE

302-1

Total energy consumption by country (kWh)327,517,505.0

326,885,092.5

340,682,441.4

326,819,897.9

315,387,573.4

Planet: Climate and Greenhouse Gas Emissions

302-1

China

15,353,546.5

14,195,356.7

15,791,482.9

14,454,421.1

13,858,957.9

Planet: Climate and Greenhouse Gas Emissions

302-1

Netherlands

24,719,459.4

24,375,873.0

22,742,281.5

21,793,193.5

19,538,669.1

Planet: Climate and Greenhouse Gas Emissions

302-1

Mexico30,335,893.3

29,946,638.0

32,341,293.3

27,087,884.3

41,773,779.3

Planet: Climate and Greenhouse Gas Emissions

302-1

United States

221,900,847.9

223,075,817.8

230,791,008.0

227,443,278.6

202,978,746.3

Planet: Climate and Greenhouse Gas Emissions

302-1

Other

35,207,757.7

35,291,407.0

39,016,375.7

36,041,120.4

37,237,420.7

Planet: Climate and Greenhouse Gas Emissions

302-1

Purchased electricity (nonrenewable)
grid composition (%) 4

302-1

Coal

-

-

-

-

30%

Planet: Climate and Greenhouse Gas Emissions

302-1

Oil

-

-

-

-

0%

Planet: Climate and Greenhouse Gas Emissions

302-1

Gas

-

-

-

-

33%

Planet: Climate and Greenhouse Gas Emissions

302-1

Nuclear

-

-

-

-

12%

Planet: Climate and Greenhouse Gas Emissions

302-1

Hydro

-

-

-

-

4%

Planet: Climate and Greenhouse Gas Emissions

302-1

Biomass

-

-

-

-

2%

Planet: Climate and Greenhouse Gas Emissions

302-1

Wind

-

-

-

-

12%

Planet: Climate and Greenhouse Gas Emissions

302-1

Solar

-

-

-

-

5%

Planet: Climate and Greenhouse Gas Emissions

302-1

Geothermal

-

-

-

-

1%

Planet: Climate and Greenhouse Gas Emissions

302-1

Other Fossil

-

-

-

-

0%

Planet: Climate and Greenhouse Gas Emissions

302-1

Other Unknown/Purchased Fuel

-

-

-

-

0%

Planet: Climate and Greenhouse Gas Emissions

302-2

Energy consumption outsideof the organization (kWh)

-

-

-

-

-

Planet: Climate and Greenhouse Gas Emissions

302-3

Energy intensity ratio(kWh/earned manufacturing hour)

47.5

47.0

42.8

45.6

52.0

Planet: Climate and Greenhouse Gas Emissions

302-3

Natural gas intensity ratio

17.4

17.3

16.0

15.9

19.3

Planet: Climate and Greenhouse Gas Emissions

302-3

Purchased electricity intensity ratio

22.8

22.8

20.6

22.1

24.0

Planet: Climate and Greenhouse Gas Emissions

302-4

Reduction of energy consumption (%)

-

-

-

-

-

Planet: Climate and Greenhouse Gas Emissions

302-5

Reductions in energy requirements
of products and services (%)

-

-

-

-

-

Planet: Product Design for Sustainability

Planet: Climate and Greenhouse Gas Emissions

GRI 303: WATER AND EFFLUENTS 2018

4

3-3

Management of material topics

-

-

-

-

-

Planet: Water Stewardship

303-1

Interactions with water as a shared resource

-

-

-

-

-

Planet: Water Stewardship

303-2

Management of water discharge-related
impacts

-

-

-

-

-

Planet: Water Stewardship

303-3

Total water withdrawal (megaliters)

758.0

776.3

829.9

752.8

584.6

Planet: Water StewardshipUS only. Based on 2021 EPA eGrid subregion resource mix.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT56

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METRIC

2019

2020

2021

2022

2023

RESPONSE

303-3

Surface water

1.6

3.1

2.6

1.3

0.1

Planet: Water Stewardship

303-3

Groundwater

6.4

7.0

4.4

6.6

3.7

Planet: Water Stewardship303-3

Seawater

-

-

-

-

-

Planet: Water Stewardship

303-3

Produced water

-

-

-

-

-

Planet: Water Stewardship

303-3

Third-party water

303-3

749.9

766.2

822.9

745.0

580.8

Planet: Water Stewardship

Freshwater

5

-

-

-

-

-

Planet: Water Stewardship

303-3

Other water

6

-

-

-

-

-

Planet: Water Stewardship

303-3

Water withdrawal intensity (megaliter/earned hours)

0.0

0.0

0.0

0.0

0.0

Planet: Water Stewardship

303-3

Total water withdrawal from water-stressed
areas (megaliters)

171.9

194.6

217.9

176.5

138.5

Planet: Water Stewardship

303-4

Total water discharge (megaliters)

721.6

727.1

780.7

696.6

555.6

Planet: Water Stewardship

303-5

Total water consumption (megaliters)

36.3

49.2

49.2

56.2

29.0

Planet: Water Stewardship

-

-

-

-

-

Planet: Climate and Greenhouse Gas Emissions

GRI 305: EMISSIONS 2016
3-3

Management of material topics

305-1

Total Scope 1 GHG emissions (MT CO2e)60,813.5

56,297.1

55,443.8

53,963.2

55,880.0

Planet: Climate and Greenhouse Gas Emissions

305-1

Natural gas

21,700.8

21,811.8

23,007.0

20,615.2

21,186.1

Planet: Climate and Greenhouse Gas Emissions

305-1

Diesel2,425.8

1,780.4

1,800.0

1,865.8

2,286.7

Planet: Climate and Greenhouse Gas Emissions

305-1

Ethanol

4.2

2.4

1.2

-

-

Planet: Climate and Greenhouse Gas Emissions

305-1

E-85

-

-

-

10.3

2.1

Planet: Climate and Greenhouse Gas Emissions

305-1

Gasoline

9,175.2

9,099.7

9,374.9

9,933.6

9,195.3

Planet: Climate and Greenhouse Gas Emissions

305-1

Kerosene

120.1

59.6

43.1

35.0

22.3

Planet: Climate and Greenhouse Gas Emissions

305-1

Propane/LPG

543.1

686.7

757.0

820.2

691.8

Planet: Climate and Greenhouse Gas Emissions

305-1

Other

22.3

22.4

22.4

48.1

292.8

Planet: Climate and Greenhouse Gas Emissions

305-1

Process emissions

24,315.2

20,459.1

18,310.0

19,307.3

20,792.6

Planet: Climate and Greenhouse Gas Emissions

305-1

Ozone-depleting substances

2,506.6

2,374.9

2,128.3

1,327.7

1,410.3

Planet: Climate and Greenhouse Gas Emissions

305-1

Total Scope 1 GHG emissions by country(MT CO2e)60,813.5

56,297.1

55,443.8

53,963.2

55,880.0

Planet: Climate and Greenhouse Gas Emissions

305-1

China

1,375.0

728.6

726.4

603.1

769.8

Planet: Climate and Greenhouse Gas Emissions

305-1

Netherlands

3,402.1

3,376.1

2,668.8

2,350.5

2,129.0

Planet: Climate and Greenhouse Gas Emissions

305-1

Mexico2,493.8

1,415.2

1,608.2

1,342.8

4,126.2

Planet: Climate and Greenhouse Gas Emissions

305-1

United States

49,710.5

46,611.0

45,775.8

45,579.3

44,151.4

Planet: Climate and Greenhouse Gas Emissions

305-1

Other

3,832.0

4,166.2

4,664.6

4,087.5

4,703.6

Planet: Climate and Greenhouse Gas Emissions5<= 1,000 mg/L total dissolved solids.

6>1,000 mg/L total dissolved solids.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT57

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MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXDISCLOSURE

METRIC

2019

2020

2021

2022

2023

RESPONSE

305-2

Total Scope 2 GHG emissions location-based(MT CO2e)77,555.5

76,147.4

72,976.3

65,776.8

63,580.4

Planet: Climate and Greenhouse Gas Emissions

305-2

Purchased electricity

77,555.5

76,147.4

67,422.6

42,411.6

38,907.9

Planet: Climate and Greenhouse Gas Emissions

305-2

BEV

-

-

0.0

24.8

17.4

Planet: Climate and Greenhouse Gas Emissions

305-2

RECs

-

-

5,553.7

23,340.4

24,585.8

Planet: Climate and Greenhouse Gas Emissions

305-2

Steam

-

-

-

-

69.2

Planet: Climate and Greenhouse Gas Emissions

305-2

Heat

-

-

-

-

-

Planet: Climate and Greenhouse Gas Emissions

305-2

Cooling

-

-

-

-

-

Planet: Climate and Greenhouse Gas Emissions

305-2

Total Scope 2 GHG emissions location-basedby country (MT CO2e)77,555.5

76,147.4

72,976.3

65,776.8

63,580.4

Planet: Climate and Greenhouse Gas Emissions

305-2

China

7,064.1

7,225.9

7,954.6

6,956.2

6,025.6

Planet: Climate and Greenhouse Gas Emissions

305-2

Netherlands

3,782.7

3,676.4

3,296.8

2,705.6

2,477.0

Planet: Climate and Greenhouse Gas Emissions

305-2

Mexico9,757.9

9,285.9

9,485.2

8,393.1

7,959.5

Planet: Climate and Greenhouse Gas Emissions

305-2

United States

48,538.7

48,548.4

44,265.9

40,393.0

40,279.6

Planet: Climate and Greenhouse Gas Emissions

305-2

Other

8,412.1

7,410.9

7,973.8

7,329.0

6,838.7

Planet: Climate and Greenhouse Gas Emissions

305-2

Total Scope 2 GHG emissions market-based(MT CO2e)79,875.3

78,708.0

71,794.4

45,841.3

41,265.7

Planet: Climate and Greenhouse Gas Emissions

305-2

Purchased electricity

79,875.3

78,708.0

71,794.4

45,802.1

41,167.0

Planet: Climate and Greenhouse Gas Emissions

305-2

BEV

-

-

0.0

39.2

29.5

Planet: Climate and Greenhouse Gas Emissions

305-2

RECs

-

-

-

-

-

Planet: Climate and Greenhouse Gas Emissions

305-2

Steam

-

-

-

-

69.2

Planet: Climate and Greenhouse Gas Emissions

305-2

Heat

-

-

-

-

-

Planet: Climate and Greenhouse Gas Emissions

305-2

Cooling

-

-

-

-

-

Planet: Climate and Greenhouse Gas Emissions

305-2

Total Scope 2 GHG emissions market-basedby country (MT CO2e)

79,875.3

78,708.0

71,794.4

45,841.3

41,265.7

Planet: Climate and Greenhouse Gas Emissions

305-2

China

7,035.9

7,196.9

7,921.3

6,956.2

6,025.6

Planet: Climate and Greenhouse Gas Emissions

305-2

Netherlands

4,583.2

4,666.3

4,951.0

4,036.2

3,573.2

Planet: Climate and Greenhouse Gas Emissions

305-2

Mexico9,738.5

9,267.2

9,464.5

4,853.5

2,666.7

Planet: Climate and Greenhouse Gas Emissions

305-2

United States

48,577.3

48,583.9

39,904.5

20,950.5

20,568.9

Planet: Climate and Greenhouse Gas Emissions

305-2

Other

9,940.4

8,993.8

9,553.0

9,044.9

8,431.3

Planet: Climate and Greenhouse Gas Emissions

305-4

Scope 1 and 2 GHG emissions intensity(MT CO2e/earned hour)

0.0

0.0

0.0

0.0

0.0

Planet: Climate and Greenhouse Gas Emissions

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT58

ABOUT PENTAIRDISCLOSURE

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METRICPLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEX

2019

2020

2021

2022

2023

RESPONSE

GRI 306: WASTE 2020
3-3

Management of material topics

-

-

-

-

-

Planet: Waste

306-1

Waste generation and significant
waste-related impacts

-

-

-

-

-

Planet: Waste

306-2Management of significant waste-related
impacts

-

-

-

-

-

Planet: Waste

306-3

Total waste generated (metric tons) 7

34,639.3

32,697.0

27,497.5

27,533.7

35,496.9

Planet: Waste

306-3

Non-hazardous waste generated

33,207.4

31,182.0

25,988.9

25,585.8

34,376.4

Planet: Waste

306-3

Hazardous waste generated

1,431.9

1,515.1

1,508.6

1,947.9

1,120.5

Planet: Waste

306-4

Total waste diverted from landfill(metric tons) 7

26,534.2

24,860.2

22,201.1

21,442.3

28,197.4

Planet: Waste

306-4

Non-hazardous waste diverted from landfill(metric tons) 7

25,293.6

23,599.0

20,932.0

20,285.3

27,402.9

Planet: Waste

306-4

Prepared for reuse 8470.8

2,392.0

7,902.0

4,583.9

10,829.2

Planet: Waste

306-4

Recycled

24,822.8

21,207.0

13,030.0

15,701.4

16,573.7

Planet: Waste

306-4

Other

0.0

0.0

0.0

0.0

0.0

Planet: Waste

306-4

Hazardous waste diverted from landfill(metric tons) 7

1,240.6

1,261.2

1,269.1

1,157.0

794.6

Planet: Waste

306-4

Prepared for reuse 8

12.3

0.0

6.4

0.0

2.0

Planet: Waste

306-4

Recycled

1,228.4

1,261.2

1,262.7

1,157.0

792.6

Planet: Waste

306-4

Other

0.0

0.0

0.0

0.0

0.0

Planet: Waste

306-5

Total waste disposed(metric tons) 7

8,105.0

7,837.0

5,296.4

6,091.4

7,299.4

Planet: Waste

306-5

Non-hazardous waste disposed(metric tons) 7

7,913.9

7,583.0

5,056.9

5,300.5

6,973.5

Planet: Waste

306-5

Incineration (with energy recovery)

-

-

-

-

574.9

Planet: Waste

306-5

Incineration (without energy recovery)

-

-

-

-

528.7

Planet: Waste

306-5

Landfill

6,806.9

6,371.0

3,887.4

4,464.4

5,869.9

Planet: Waste

306-5

Other

1,107.0

1,212.0

1,169.5

836.1

0.0

Planet: Waste

306-5

Hazardous waste disposed (metric tons)

191.1

254.0

239.5

790.9

325.9

Planet: Waste

306-5

Incineration (with energy recovery)

-

-

-

-

33.7

Planet: Waste

306-5

Incineration (without energy recovery)

-

-

-

-

189.3

Planet: Waste

306-5

Landfill

16.1

141.0

82.4

548.7

103.0

Planet: Waste

306-5

Other

175.1

113.0

157.1

242.2

0.0

Planet: Waste

7

7

Waste data follows a November through October reporting cycle.

8

Prepared for reuse is defined as materials that can be reused for the same or different process within a facility as an alternative to disposal.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT59

ABOUT PENTAIRDISCLOSURE

MAKING BETTER ESSENTIAL

METRICPLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEX

2019

2020

2021

2022

2023

RESPONSE

GRI 308: SUPPLIER ENVIRONMENTAL ASSESSMENT 2016
3-3

Management of material topics

-

-

-

-

-

People: Supply Chain

308-1

New suppliers that were screened using
environmental criteria (%)

-

-

-

-

14%

Pentair Supplier Code of Conduct
People: Supply Chain

-

-

-

-

-

People: Talent

2,314

2,432

4,305

3,411

2,246

People: Talent

834

1,047

1,565

1,128

998

People: Talent

9%

11%

14%

10%

9%

People: Talent

1,078

1,053

2,010

1,672

1,025

People: Talent

12%

11%

18%

15%

10%

People: Talent

383

316

698

537

187

People: Talent

4%

3%

6%

5%

2%

People: Talent

19

16

32

74

36

People: Talent

651

878

1,447

1,057

655

People: Talent

7%

9%

13%

9%

6%

People: Talent

1,644

1,539

2,828

2,216

1,549

People: Talent

18%

16%

25%

20%

15%

People: Talent

19

15

30

138

42

People: Talent

993

People: Talent

GRI 401: EMPLOYMENT 2016
3-3

Management of material topics

401-1

Total employee new hires 1

401-1

By age group

401-1

Under 30 years old

401-1

Under 30 years old (%)

401-1

30 to 50 years old

401-1

30 to 50 years old (%)

401-1

Over 50 years old

401-1

Over 50 years old (%)

401-1

Unknown

401-1

By gender

401-1

Women

401-1

Women (%)

401-1

Men

401-1

Men (%)

401-1

Unknown

401-1

By region

401-1

North America (US and Canada)

1,584

1,698

3,268

2,070

401-1

North America (%)

9

17%

17%

29%

19%

9%

People: Talent

401-1

EMEA (Europe, Middle East, and Africa)

346

194

269

344

232

People: Talent

401-1

EMEA (%)

4%

2%

2%

3%

2%

People: Talent

401-1

APAC (Asia Pacific; Includes India)

213

101

227

334

152

People: Talent

401-1

APAC (%)

2%

1%

2%

3%

1%

People: Talent

401-1

Mexico/LATAM (Latin America)

171

439

541

663

869

People: Talent

401-1

Mexico/LATAM (%)

2%

4%

5%

6%

8%

People: Talent

9

9

9

9

9

9

9

9

1

Excludes contingent workers; Includes temporary employees.

9

As a percentage of total workforce.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT60

ABOUT PENTAIR

MAKING BETTER ESSENTIALDISCLOSURE

METRIC

401-1

By people of color/non-people of color 10

401-1

People of color

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEX

2019

2020

2021

2022

2023

RESPONSE

1,547

749

367

People: Talent

-

-

401-1

People of color (%)

11

-

-

24%

13%

7%

People: Talent

401-1

Non-people of color

-

-

1,107

840

454

People: Talent

401-1

Non-people of color (%) 11

-

-

17%

14%

9%

People: Talent

401-1

Undeclared

-

-

612

479

171

People: Talent

401-1

Undeclared (%)

401-1

Total number of employee turnover 1

401-1

By age group

401-1

Under 30 years old

401-1

Under 30 years old (%)

8%

7%

10%

401-1

30 to 50 years old

1,186

837

1,311

401-1

30 to 50 years old (%) 9

13%

8%

12%

401-1

Over 50 years old

542

368

401-1

Over 50 years old (%)

6%

401-1

Unknown

12

401-1

Unknown (%) 9

401-1

By gender

401-1
401-1

-

-

9%

8%

3%

People: Talent

2,505

1,910

2,936

3,728

2,930

People: Talent

765

692

1,099

1,209

889

People: Talent

11%

8%

People: Talent

1,728

1,368

People: Talent

15%

13%

People: Talent

513

769

651

People: Talent

4%

5%

7%

6%

People: Talent

13

13

22

22

People: Talent

0%

0%

0%

0%

0%

People: Talent

Women

708

608

891

1,194

1,043

People: Talent

Women (%) 9

8%

6%

8%

11%

10%

People: Talent

401-1

Men

1,780

1,288

2,032

2,489

1,846

People: Talent

401-1

Men (%)

19%

13%

18%

22%

17%

People: Talent

401-1

Unknown

17

14

13

45

41

People: Talent

401-1

Unknown (%) 9

0%

0%

0%

0%

0%

People: Talent

401-1

By region

401-1

North America (US and Canada)

1,457

1,324

2,009

2,697

1,761

People: Talent

401-1

North America (%)

9

16%

13%

18%

24%

17%

People: Talent

401-1

EMEA (Europe, Middle East, and Africa)

353

235

239

296

247

People: Talent

401-1

EMEA (%) 9

4%

2%

2%

3%

2%

People: Talent

401-1

APAC (Asia Pacific; Includes India)

294

131

177

173

240

People: Talent

401-1

APAC (%)

3%

1%

2%

2%

2%

People: Talent

11

9

9

9

9

1

Excludes contingent workers; Includes temporary employees.

9

As a percentage of total workforce.

10

US only; 5,186 total employees in the US; Excludes contingent workers; Includes temporary employees.

11

As a percentage of total US workforce.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT61

ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXDISCLOSURE

METRIC

2019

2020

2021

2022

2023

RESPONSE

401-1

Mexico/LATAM (Latin America)

401

220

511

562

682

People: Talent

401-1

Mexico/LATAM (%) 9

4%

2%

5%

5%

6%

People: Talent

401-2

Benefits provided to full-time employees thatare not provided to temporary or part-time
employees

-

-

-

-

-

People: Employee Health and Wellness

401-3

Total number of employees entitled toparental leave 12

-

4,703

5,381

5,002

4,268

People: Employee Health and Wellness

401-3

Women

-

1,662

1,978

1,853

1,568

People: Employee Health and Wellness

401-3

Men

-

3,041

3,403

3,149

2,696

People: Employee Health and Wellness

401-3

Number of employees who took parental
leave 12

-

113

173

176

180

People: Employee Health and Wellness

401-3

Women

-

43

60

65

64

People: Employee Health and Wellness

401-3

Men

-

70

113

111

116

People: Employee Health and Wellness

401-3

Number of employees who returned fromparental leave 12

-

111

173

169

169

People: Employee Health and Wellness

401-3

Women

-

41

60

62

57

People: Employee Health and Wellness

401-3

Men

-

70

113

107

112

People: Employee Health and Wellness

401-3

Number of employees who returned fromparental leave and are still employed after
12 months of returning to work 12

-

100

-

122

105

People: Employee Health and Wellness

401-3

Women

-

38

-

49

33

People: Employee Health and Wellness

401-3

Men

-

62

-

73

72

People: Employee Health and Wellness

401-3

Return to work rate for employees who tookparental leave (%) 12

401-3

Women

-

95%

100%

95%

89%

People: Employee Health and Wellness

401-3

Men

-

100%

100%

96%

97%

People: Employee Health and Wellness

401-3

Retention rate for employees who tookparental leave (%) 12

401-3

Women

-

88%

-

82%

53%

People: Employee Health and Wellness

401-3

Men

-

89%

-

65%

67%

People: Employee Health and Wellness

-

-

-

-

-

People: Talent

GRI 402: LABOR/MANAGEMENT RELATIONS 2016
3-3

Management of material topics

9

As a percentage of total workforce.

12

Employees with undeclared gender are excluded.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT62

ABOUT PENTAIRDISCLOSURE

MAKING BETTER ESSENTIAL

PLANETMETRICPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEX

2019

2020

2021

2022

2023

RESPONSE

GRI 403: OCCUPATIONAL HEALTH AND SAFETY 2018
3-3

Management of material topics

-

-

-

-

-

People: Occupational Health and Safety

403-1

Occupational health and safety management
system

-

-

-

-

-

People: Occupational Health and Safety

403-2

Hazard identification, risk assessment,
and incident investigation

-

-

-

-

-

People: Occupational Health and Safety

403-4

Worker participation, consultation, andcommunication on occupational healthand safety

-

-

-

-

-

People: Occupational Health and Safety

403-5

Worker training on occupational healthand safety

-

-

-

-

-

People: Occupational Health and Safety

403-9

Work-related injuries for all permanent
employees and temporary workers

403-9

Total number of recordable work-related
injuries 13

187

155

160

185

156

People: Occupational Health and Safety

403-9

Rate of recordable work-related injuries 13

2.27

1.96

1.81

2.00

1.66

People: Occupational Health and Safety

403-9

Total number of lost-time injuries 13

65

54

44

64

77

People: Occupational Health and Safety

403-9

Lost-time injury rate 13

0.79

0.68

0.50

0.69

0.82

People: Occupational Health and Safety

403-9

Total number of severe injuries resulting
in lost-time 13

-

-

-

-

14

People: Occupational Health and Safety

403-9

Total number of fatalities as a result ofwork-related injury 14

0

0

0

0

1

People: Occupational Health and Safety

403-9

Total number of permanent employee hours
worked 13

15,561,254

14,585,265

16,414,198

17,288,584

17,582,201

People: Occupational Health and Safety

403-9

Total number of permanent employee andtemporary worker hours worked 13

16,494,908

15,778,561

17,646,722

18,476,622

18,830,278

People: Occupational Health and Safety

403-9

Work-related injuries for all
temporary workers

403-9

Total number of recordable work-related
injuries 13

21

26

8

-

4

People: Occupational Health and Safety

403-9

Rate of recordable work-related injuries 13

4.50

4.36

1.30

-

0.64

People: Occupational Health and Safety

403-9

Total number of lost-time injuries

403-9

Lost-time injury rate 13

403-9

Total number of severe injuries resulting
in lost-time 13

13

4

5

3

-

2

People: Occupational Health and Safety

0.86

0.84

0.49

-

0.32

People: Occupational Health and Safety

-

-

-

-

0

People: Occupational Health and Safety

13

Data set includes all manufacturing locations, in addition to the KBI Field Service business. Excludes fatalities.

14

Data set includes all manufacturing locations, in addition to the KBI Field Service business.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT63

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MAKING BETTER ESSENTIALDISCLOSURE

METRIC

403-9

Total number of fatalities as a result ofwork-related injury 14

403-9

Total number of temporary worker
hours worked 13

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEX

2019

2020

2021

2022

2023

RESPONSE

0

0

0

-

0

People: Occupational Health and Safety

933,654

1,193,296

1,232,524

1,188,038

1,248,077

People: Occupational Health and Safety

GRI 404: TRAINING AND EDUCATION 2016
3-3

Management of material topics

-

-

-

-

-

People: Talent

404-1

Average hours of training per year
per employee15

-

-

-

-

4

People: Talent404-2

Programs for upgrading employee skills
and transition assistance programs

-

-

-

-

-

People: Talent404-3

Total employees receiving regularperformance and career development
reviews (%) 16

-

91%

93%

94%

95%

People: Talent

404-3

Women

-

91%

93%

94%

96%

People: Talent

404-3

Men

-

91%

93%

94%

95%

People: Talent

GRI 405: DIVERSITY AND EQUAL OPPORTUNITY 2016
3-3

Management of material topics

405-1

Total employees 1

-

-

-

-

-

People: Diversity, Equity, and Inclusion

9,290

9,878

11,263

11,18910,578People: Diversity, Equity, and Inclusion

405-1

Diversity of employees

405-1

Workforce 17

9,290

9,878

11,263

11,18910,578People: Diversity, Equity, and Inclusion

405-1

Women (%)

30%

31%

32%

32%

31%

People: Diversity, Equity, and Inclusion

405-1

Men (%) 9

69%

68%

67%

66%

68%

People: Diversity, Equity, and Inclusion

405-1

People of color (%) 11

39%

42%

43%

40%

38%

People: Diversity, Equity, and Inclusion

405-1

Leadership

18

127

127

144

165

162

People: Diversity, Equity, and Inclusion

405-1

Women (%)

19

28%

28%

31%

32%

31%

People: Diversity, Equity, and Inclusion

405-1

Men (%) 19

70%

72%

69%

68%

69%

People: Diversity, Equity, and Inclusion

405-1

People of color (%) 20

23%

25%

26%

25%

24%

People: Diversity, Equity, and Inclusion

405-1

Board of Directors (%)

405-1

Women

38%

33%

40%

40%

40%

People: Diversity, Equity, and Inclusion

9

Excludes contingent workers; Includes temporary employees.
As a percentage of total workforce.
As a percentage of total US workforce.
13
Data set includes all manufacturing locations, in addition to the KBI Field Service business. Excludes fatalities.
14
Data set includes all manufacturing locations, in addition to the KBI Field Service business.
15
Includes the executive, management, and professional employee populations. Trainings are both instructor-led and self-paced and are focused on areas such as career and leadership development, functional skill growth, and soft-skill maturation.
Data point excludes compliance training.
16
Includes professional employee population only.
17
Workforce is equal to our total employee population; Excludes contingent workers; Includes temporary employees.
18
Leadership is defined as Director level and above. Excludes contingent workers; Includes temporary employees.
19
As a percentage of total leadership.
20
As a percentage of total US leadership.
1

9

11

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT64

ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXDISCLOSURE

METRIC

2019

2020

2021

2022

2023

RESPONSE

405-1

Men

63%

67%

60%

60%

60%

People: Diversity, Equity, and Inclusion

405-1

People of color

38%

33%

40%

40%

40%

People: Diversity, Equity, and Inclusion

405-1

Employees by age group405-1

Workforce (%) 17

405-1

Under 30 years old 9

14%

16%

16%

14%

15%

People: Diversity, Equity, and Inclusion

405-1

30 to 50 years old

9

55%

54%

52%

53%

53%

People: Diversity, Equity, and Inclusion

405-1

Over 50 years old

9

31%

30%

31%

32%

31%

People: Diversity, Equity, and Inclusion

405-1

Leadership (%)

405-1

Under 30 years old 19

0%

0%

0%

0%

0%

People: Diversity, Equity, and Inclusion

405-1

30 to 50 years old

19

67%

63%

57%

53%

61%

People: Diversity, Equity, and Inclusion

405-1

Over 50 years old

19

33%

37%

43%

47%

39%

People: Diversity, Equity, and Inclusion

405-1

Board of Directors (%)

405-1

Under 30 years old

0%

0%

0%

0%

0%

People: Diversity, Equity, and Inclusion

405-1

30 to 50 years old

13%

0%

10%

0%

0%

People: Diversity, Equity, and Inclusion

405-1

Over 50 years old

88%

100%

90%

100%

100%

People: Diversity, Equity, and Inclusion

18

405-1

Employees by region

405-1

North America (US and Canada)

4,779

5,204

6,479

5,928

5,221

People: Diversity, Equity, and Inclusion

405-1

EMEA (Europe, Middle East, and Africa)

2,235

2,188

2,218

2,311

2,303

People: Diversity, Equity, and Inclusion

405-1

APAC (Asia Pacific; Includes India)

1,414

1,404

1,454

1,613

1,525

People: Diversity, Equity, and Inclusion

405-1

Mexico/LATAM (Latin America)

862

1,082

1,112

1,337

1,529

People: Diversity, Equity, and Inclusion

-

-

-

-

-

Governance: Labor and Human Rights
Pentair Code of Business Conduct and Ethics
Pentair Human Rights Policy

-

-

-

-

-

Governance: Labor and Human Rights
Pentair Human Rights Policy

-

-

-

-

-

Governance: Labor and Human Rights
Pentair Human Rights Policy1

GRI 406: NON-DISCRIMINATION 2016
3-3

Management of material topics

GRI 407: FREEDOM OF ASSOCIATION AND COLLECTIVE BARGAINING 2016
3-3

Management of material topics

GRI 408: CHILD LABOR 2016
3-3

Management of material topics

1

Excludes contingent workers; Includes temporary employees.

9

As a percentage of total workforce.

17

Workforce is equal to our total employee population; Excludes contingent workers; Includes temporary employees.

18

Leadership is defined as Director level and above. Excludes contingent workers; Includes temporary employees.

19

As a percentage of total leadership.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT65

ABOUT PENTAIRDISCLOSURE

MAKING BETTER ESSENTIAL

METRICPLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEX

2019

2020

2021

2022

2023

RESPONSE

-

-

-

-

-

Governance: Labor and Human Rights
Pentair Human Rights Policy

-

-

-

-

-

Governance: Information Security
and Data Privacy
2023 Annual Report on Form 10-K

GRI 409: FORCED OR COMPULSORY LABOR 2016
3-3

Management of material topics

GRI 410: SECURITY PRACTICES 2016
3-3

Management of material topics

GRI 413: LOCAL COMMUNITIES 2016
3-3

Management of material topics

-

-

-

-

-

People: Community Impact

413-1

Operations with local community
engagement, impact assessments,
and development programs

-

-

-

-

-

People: Community Impact

GRI 414: SUPPLIER SOCIAL ASSESSMENT 2016
3-3

Management of material topics

-

-

-

-

-

People: Supply Chain

414-1

New suppliers that were screened usingsocial criteria (%)

-

-

-

-

14%

People: Supply Chain

GRI 415: PUBLIC POLICY 2016
3-3

Management of material topics

-

-

-

-

-

Governance: Corporate Associations
and Contributions
Political Contributions Policy

415-1

Political contributions

-

-

-

-

-

Governance: Corporate Associations
and Contributions
Political Contributions Policy
2023 Political Contributions Reporting

-

-

-

-

-

People: Product Quality

GRI 416: CUSTOMER HEALTH AND SAFETY 2016
3-3

Management of material topics

GRI 418: CUSTOMER PRIVACY 2016
3-3

Management of material topics

-

-

-

-

-

Governance: Information Security
and Data Privacy

418-1

Substantiated complaints concerning
breaches of customer privacy and losses ofcustomer data

-

-

-

-

-

Governance: Information Security
and Data Privacy
2023 Annual Report on Form 10-K

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT66

ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXSUSTAINABLE ACCOUNTING STANDARDSBOARD INDEX
Pentair is reporting disclosure topics within the Sustainable Accounting Standards Board (“SASB”) Industrial Machinery and Goods subsector of Resource Transformation.
Dashes in the table indicate metrics that are not applicable or available for disclosure.

CODE

ACCOUNTING METRIC

2019

2020

2021

2022

2023

RESPONSE

ENERGY MANAGEMENT
RT-IG-130a.1

Total energy consumed (GJ)

1,179,063.0

1,176,786.3

1,226,456.8

1,176,551.6

1,135,395.3

Planet: Climate and Greenhouse
Gas Emissions

RT-IG-130a.1

Percentage grid electricity (%)

48%

48%

45%

31%

27%

Planet: Climate and Greenhouse
Gas Emissions

RT-IG-130a.1

Percentage renewable (%)

0%

0%

4%

18%

19%

Planet: Climate and Greenhouse
Gas Emissions

EMPLOYEE HEALTH AND SAFETY
RT-IG-320a.1

Total recordable incident rate (TRIR) 13

2.27

1.96

1.81

2.00

1.66

People: Occupational Health and Safety

RT-IG-320a.1

Fatality rate 14

0.00

0.00

0.00

0.00

0.01

People: Occupational Health and Safety

RT-IG-320a.1

Near miss frequency rate (NMFR)

-

-

10.88

11.28

12.75

People: Occupational Health and Safety

-

-

-

-

-

2023 Annual Report on Form 10-K

21

MATERIALS SOURCING
RT-IG-440a.1

Description of the management of risks
associated with the use of critical materials

ACTIVITY METRICS

1

RT-IG-000.B

Number of employees: Total 1

9,290

9,878

11,263

11,18910,578People: Talent

RT-IG-000.B

North America (US and Canada)

4,779

5,204

6,479

5,928

5,221

People: Talent

RT-IG-000.B

EMEA (Europe, Middle East, and Africa)

2,235

2,188

2,218

2,311

2,303

People: Talent

RT-IG-000.B

APAC (Asia Pacific; Includes India)

1,414

1,404

1,454

1,613

1,525

People: Talent

RT-IG-000.B

Mexico/LATAM (Latin America)

862

1,082

1,112

1,337

1,529

People: TalentExcludes contingent workers; Includes temporary employees.

13

Data set includes all manufacturing locations, in addition to the KBI Field Service business. Excludes fatalities.

14

Data set includes all manufacturing locations, in addition to the KBI Field Service business.

21

Data set includes all manufacturing locations, in addition to the KBI Field Service business. Excludes fatalities. Brookfield facility is excluded for 2023 due to closure activities.

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT67

ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCE

ABOUT THIS REPORTESG INDEXTASK FORCE ON CLIMATE-RELATED FINANCIALDISCLOSURES INDEX
Pentair is disclosing climate information according to Task Force on Climate-related Financial Disclosures (“TCFD”) recommendations.

DISCLOSURE RECOMMENDATIONSRESPONSE

GOVERNANCE

a. Board’s oversight of climate-related risks
and opportunities
Governance regarding climate change risk
and opportunities

The Governance Committee of our Board of Directors reviews social responsibility matters quarterly,
and the full Board of Directors receives updates at least annually including progress on our Social
Responsibility Strategic Targets, including our carbon footprint reduction. Through our enterprise risk
management program (ERM), Pentair's Board of Directors reviews significant and material risks facing
the business and helps to ensure that management develops and implements appropriate controls andrisk mitigation strategies. Our ERM program includes discussion regarding social responsibility focus
areas, including climate and greenhouse gas emissions.
Governance: Social Responsibility Governance and Risk Management2024 Proxy Statement

b. Management’s role in assessing and managing
climate-related risks and opportunities

Cross-functional leaders work with our dedicated social responsibility team to integrate social
responsibility into their businesses, functions, and processes. This includes climate and greenhousegas emission initiatives as applicable.
Governance: Social Responsibility Governance and Risk Management2024 Proxy Statement

STRATEGY
a. Climate-related risks and opportunities the organization
has identified over the short, medium, and long term

Impact of climate change risk andopportunities on the business, strategy, andfinancial plan of an organizationb. Impact of climate-related risks and opportunities on theorganization’s businesses, strategy, and financial planning

Resilience of the organization’s strategy, taking into
consideration different climate-related scenarios, including
a 2°C or lower scenario

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT

Pentair plans to conduct a climate risk and opportunity assessment, as well asclimate scenario analysis.
2023 Annual Report on Form 10-K
Planet: Climate and Greenhouse Gas Emissions
Pentair plans to conduct a climate risk and opportunity assessment, as well asclimate scenario analysis.
2023 Annual Report on Form 10-K
Planet: Climate and Greenhouse Gas Emissions
Pentair plans to conduct a climate risk and opportunity assessment, as well asclimate scenario analysis.
2023 Annual Report on Form 10-K
Planet: Climate and Greenhouse Gas Emissions

68

ABOUT PENTAIR

MAKING BETTER ESSENTIAL

PLANETPEOPLEGOVERNANCEDISCLOSURE RECOMMENDATIONSABOUT THIS REPORTESG INDEXRESPONSERISK MANAGEMENT

a. The organization’s processes for identifying
and assessing climate-related risks

How the organization identifies, assesses,
and manages climate-related risksb. The organization’s processes for managing climaterelated risksc. How processes for identifying, assessing, and managing
climate-related risks are integrated into the organization’s
overall risk management

Pentair plans to conduct a climate risk and opportunity assessment, as well asclimate scenario analysis.
2023 Annual Report on Form 10-K
Planet: Climate and Greenhouse Gas Emissions
Governance: Social Responsibility Governance and Risk Management
Pentair plans to conduct a climate risk and opportunity assessment, as well asclimate scenario analysis.
2023 Annual Report on Form 10-K
Planet: Climate and Greenhouse Gas Emissions
Pentair plans to conduct a climate risk and opportunity assessment, as well asclimate scenario analysis.
2023 Annual Report on Form 10-K
Planet: Climate and Greenhouse Gas Emissions

METRICS AND TARGETS
a. The metrics used by the organization to assess climaterelated risks and opportunities in line with its strategy
and risk management process

The metrics and targets used to assess
and manage climate change risk andopportunityb. Scope 1; Scope 2; and, if appropriate, Scope 3 GHG
emissions and the related risks

Metrics used by Pentair include various energy and greenhouse gas emissions metrics
as disclosed in our ESG Index.
Planet: Climate and Greenhouse Gas Emissions
2023 total Scope 1 greenhouse gas emissions: 55,880.0 MT CO2e2023 total Scope 2 greenhouse gas emissions (market-based): 41,265.7 MT CO2ePentair plans to assess Scope 3 greenhouse gas emissions.
Planet: Climate and Greenhouse Gas Emissions

c. The targets used by the organization to manage
climate-related risks and opportunities andperformance against targets

Pentair is committed to the transition to a low-carbon economy through reducing our emissions. Our
targets of reducing our GHG emissions by 50% from a 2019 baseline by 2030 and our aim to achievecarbon neutrality by 2050, in each case relating to Scope 1 and 2 GHG emissions, were developed using
tools by the Science Based Targets initiative and in alignment with the Intergovernmental Panel on
Climate Change 1.5° C scenario.
Planet: Climate and Greenhouse Gas Emissions

PENTAIR 2023 CORPORATE RESPONSIBILITY REPORT69

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