exo-is/governance-reporting-on-listed-companies huggingface dataset:
Keyword: corruption
More detailed anti-corruption training 
is provided to senior leaders in all 
markets and in high-risk locations. 
Overall, there was a 99% completion 
rate of anticorruption training in 2023. 
Medium- and high-risk intermediaries 
are also required to complete Ecolab’s 
anti-corruption training.
Audit program
As part of the company’s internal audit 
program, approximately 30 audits 
are completed each year focusing on 
internal/financial controls and operational 
processes, out of approximately 107 
auditable units including countries, 
divisions and departments. Of these units, 
approximately 50 are individual country 
operating locations which are audited 
over a four to five-year cycle. In these 
operational audits, procedures include 
testing controls relevant to
Keyword: corruption
anti-corruption program. In addition, 
nine anti-corruption specific audits were 
completed in 2023 as part of Ecolab’s 
anti-corruption program. The Global 
Compliance department also completes 
various assessments for all markets 
and business units, including recently 
acquired operations. Few significant risks 
were identified and risks relating to the 
use of intermediaries were the highest 
risk area identified. 
Anti-corruption
2023 Anti-
corruption training 
completion rates
Region	
%
Asia Pacific	
100%
Europe	
99%
Greater China	
100%
India, Middle East, Africa	
100%
Latin America	
99%
North America	
97%
Total	
99%
Ecolab’s 2023 Growth & Impact Report
91
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Social
Governance
Appendix
About
Contents
Ecolab is committed to enha
Keyword: corruption
environment, anti-bribery and corruption, 
fair competition and supplied materials. 
Suppliers are required to comply with the 
Supplier Code of Conduct in the course of 
doing business with Ecolab and its 
employees. The Supplier Code of Conduct 
is incorporated, by reference, into all 
supplier contracts. It is a requirement that 
suppliers apply the same guidelines 
contained in the Ecolab Supplier Code of 
Conduct with its own suppliers.
In 2024, the Ecolab Supplier Code of 
Conduct was updated to include 
additional language to communicate 
compliance expectations with the 
German Supply Chain Due Diligence Act 
and Canada’s Public Bill S-211 – Fighting 
Against Forced Labour and Child Labour 
in Supply Chains Act and specify Ecolab’s 
reserved right to conduct audits and/or
Keyword: tax
98  Data privacy, tax and compliance
Appendix
101 Performance data
111 
About this report
113 Reporting reference tables and indexes
Table of Contents
The Ecolab Growth & Impact Report documents Ecolab Inc.’s performance on economic, environmental, social and 
governance topics. This report includes data from 1 January – 31 December 2023, unless otherwise stated, and covers 
Ecolab’s global entities over which we have operational control, including our offices, manufacturing plants and 
research, development and engineering facilities. Additional reporting on matters specific to financial performance of 
the Company and its subsidiaries and a discussion of forward-looking statements and risk factors can be found in our 
2023 Annual Report. For more information,
Keyword: tax
Adjusted earnings per share amounts exclude the impact of special gains and charges, discrete taxes and the 
impact of the Purolite acquisition. See our Management's Discussion and Analysis beginning at page 25 of the 
Form 10-K for a reconciliation between the non-GAAP measures and the comparable GAAP measures.
Total Assets
Adjusted Diluted Earnings per Share from 
Continuing Operations (non-GAAP measure)
2023
2023
PERCENT CHANGE
47%
33%
10%
10%
2023 Business mix
Global 
Industrial
Global 
Institutional & 
Specialty
Global 
Healthcare 
& Life 
Sciences
Other
(Percent of total sales)
$15,320.2
1,372.3
9.0%
4.79
286.5
2.16
2,411.8
774.8
8,044.7
19.0%
8,181.8
2.4
$21,846.6
5.21
8%
26%
–
26%
0%
5%
35%
9%
11%
–
-5%
–
2%
16%
$14,187.8
1,091.7
7.7%
2022
3.81
286.6
2.06
1,788.4
712.8
7,236.1
15.1%
8,580.4
3.2
$21,464.3
4.49
$12,733.1
1,129.9
8.
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of pay up to the IRS limits with pre-tax and/
or Roth after-tax contributions.
U.S. Retiree Health Benefits provide 
employees aged 55 and above with at least 
ten years of service, or aged 62 and above, 
with access to retiree health benefits, 
including medical, prescription, dental and 
vision coverage following retirement.
Life insurance and disability benefits 
To support employees’ financial well-
being and peace of mind, Ecolab provides 
protection for their families in the event of 
premature death or being out of work for 
an extended period due to serious illness 
or injury. The premium is fully paid by 
Ecolab for life insurance coverage equal 
to one-year annual base salary or wages, 
with the option to purchase additional 
life insurance coverage through payroll 
ded
Keyword: tax
company match, pre-tax and Roth after-
tax contribution options and a variety of 
investment funds. All contributions are 
immediately vested, and participants 
are provided with complimentary, 
personalized planning and advice. In 2023, 
80% of Ecolab employees participated. 
For our company match program, Ecolab 
contributes $1 for $1 on the first 4% of 
eligible compensation and $0.50 for each 
66
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Social
Governance
Appendix
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Flexible work
Ecolab establishes a standard workweek, 
work schedules, rest periods, meal breaks 
and attendance expectations for all 
employees in accordance with state and 
local employment laws. Formal alternative 
work arrangements are available to all 
associates and includes flextime, part-
tim
Keyword: tax
tax-exempt organizations that write or 
endorse model legislation. When Ecolab 
lobbies on individual issues of interest, 
various laws and regulations may apply, 
including the U.S. Lobbying Disclosure 
Act and the EU Transparency Register 
and its Code of Conduct, and Ecolab 
takes appropriate actions to comply with 
these laws. 
Trade association governance
A committee of management consisting of 
the Senior Vice President of Government 
Relations, the Assistant Secretary or 
Secretary, the Chief Operating Officer, 
the Senior Vice President of Regulatory 
Affairs and the Executive Vice President 
for Global Markets reviews proposed 
and existing significant trade association 
memberships at least semi-annually 
to assess their effectivenes
Keyword: tax
The tax we pay is an integral part of our 
positive economic and social impact and 
supports the advancement of the countries 
in which we operate. We are committed to 
complying with tax laws and regulations 
in each jurisdiction in which we do 
business and are guided by appropriate 
international standards as detailed in our 
global Tax Position. Our UK Tax Strategy 
and Poland Tax Strategy are also available 
on our website.
In 2023, Ecolab received nominal 
monetary support, awards, tax reliefs 
or subsidies directly from governments. 
We received federal and state credits in 
the United States to support our research 
and development initiatives totaling 
approximately $23.1M based on estimates 
for the 2023 tax return year. Ecolab also 
rec
Keyword: tax
Republic tax holiday of $6.6 million in 2023 
(valued benefit equals the difference in 
the statutory tax rate applied to Ecolab’s 
income for 2023 compared to the zero-tax 
paid). Anticipated tax deductions by the 
Australian government for research and 
development expenditures in Australia will 
total approximately $143,000 for 2023 and 
a similar benefit will be realized in Spain 
of approximately $215,000. Anticipated 
tax deductions in the United Kingdom for 
research and development expenditures in 
the UK will total approximately $391,000 
for 2023. 
Tax
Compliance
In 2023, there were no new material 
grievances related to environmental, 
health and safety, product and service 
information and labeling or marketing 
communications impacts filed
Keyword: governance
Governance
	
Corporate governance
	
Business ethics
	
Anti-corruption 
	
Human rights
	
Supplier relations 
	
Political action				
98  Data privacy, tax and compliance
Appendix
101 Performance data
111 
About this report
113 Reporting reference tables and indexes
Table of Contents
The Ecolab Growth & Impact Report documents Ecolab Inc.’s performance on economic, environmental, social and 
governance topics. This report includes data from 1 January – 31 December 2023, unless otherwise stated, and covers 
Ecolab’s global entities over which we have operational control, including our offices, manufacturing plants and 
research, development and engineering facilities. Additional reporting on matters specific to financial performance of 
the Company and i
Keyword: governance
Governance
Appendix
About
Contents
Forward, faster, together to grow fast by building a 100% positive future 
The world is not short on challenges. 
As CEO of the world’s leading water, 
hygiene and infection prevention company 
that impacts roughly a third of the world’s 
processed food production and a quarter of 
its power generation and serves millions of 
customers in more than 40 industries and 
170 countries, I have conversations every day 
that illustrate the high stakes that businesses 
face at this defining point in our history.
Business leaders face increasing pressure 
to perform, just as climate change grows 
more pressing, taking global temperatures 
to new heights and exacerbating 
water scarcity. Many find themselves 
contemplating a
Keyword: governance
Governance
Appendix
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Contents
Partnering to advance sustainability and growth
Sustainability is in Ecolab’s DNA.
For 101 years, we’ve been harnessing 
technology to deliver sustainable 
outcomes that enhance profitable growth 
– for our customers and in our operations.
Then and now, we have proven that
"doing well by doing good" works.
The same holds true today as we confront 
a changing climate, water scarcity 
and threats to biodiversity. During the 
hottest year on record, we continued to 
drive meaningful change and achieve a 
positive impact around the world without 
sacrificing growth or profitability.
Our 2030 Customer Impact goals are 
proof of our growth and progress. We are 
proud to report that in 2023 we helped 
our customers save 22
Keyword: governance
Governance
Appendix
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Contents
An innovative and trusted partner at 
millions of customer locations, Ecolab Inc. 
is a global sustainability leader offering 
water, hygiene and infection prevention 
solutions and services that help protect 
people and the resources vital to life. 
Customers in more than 40 industries 
choose Ecolab’s comprehensive science-
based solutions, data-driven insights and 
world-class service to advance food safety, 
maintain clean and safe environments and 
optimize water and energy use.
Ecolab at a glance
Protecting people and the 
resources vital to life
Building on a century of innovation, our 
48,000 associates deliver solutions that 
improve operational efficiencies and 
sustainability for customers in the food, 
h
Keyword: governance
Governance
Appendix
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Contents
Institutional 
Our Institutional business provides 
specialized cleaning and sanitizing 
products to the foodservice, hospitality, 
lodging, healthcare, government, 
education and food retail industries.
Industrial 
Our Industrial business provides water 
treatment and process applications, 
and cleaning and sanitizing solutions to 
customers within the manufacturing, food 
and beverage processing, transportation, 
chemical, primary metals, power 
generation, refining, petrochemical, 
pulp and paper, mining and commercial 
laundry industries.1
Healthcare and Life Sciences
Our Healthcare and Life Sciences 
businesses provide specialized 
cleaning and sanitizing products to 
the healthcare, personal care and 
pharmace
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Governance
Appendix
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Contents
Backed by more than a century of innovation and personalized service, Ecolab is 
equipped to help meet the evolving challenges faced by our customers in more than 40 
industries, enabling us to grow faster, now and in the future, creating long-term value for 
our business and shareholders.
By focusing on market, enterprise and breakthrough innovations, Ecolab continues to find 
innovative ways to help customers achieve their operational and sustainability goals. Even 
as inflationary pressures elevated raw material, energy and transportation costs, in 2023, 
our team worked to prove the total value delivered to customers. These combined efforts 
allowed Ecolab to report historically impressive levels of new business
Keyword: governance
Governance
Appendix
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Contents
Ecolab’s 2023 Growth & Impact Report
Customers and partners around the world trust Ecolab's science-backed solutions to help overcome their greatest challenges. Ecolab's 26,000 
sales-and-services associates are dispatched to customer locations across more than 40 industries to help solve cleaning, sanitizing and water 
and energy management challenges each day. Many of the world’s leading companies rely on Ecolab to help ensure product quality and guest 
satisfaction, maintain brand reputation and advance progress toward their operational and sustainability goals.
Delivering impact in every industry
Foodservice
Providing back of house and front of house 
surface cleaning, sanitation and disinfection, 
pest control,
Keyword: governance
Governance
Appendix
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Contents
9
10
Ecolab’s 2023 Growth & Impact Report
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Environment
Social
Governance
Appendix
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People health
Planet health
Business health
Our sustainability strategy: Advancing people, planet 
and business health around the world
+
+
Helping people thrive by protecting their 
individual health, the food they eat and 
the spaces where they live and work.
With more than 1,200 scientists, engineers and technical 
specialists, we help our customers address both known 
and emerging public health and food safety issues. 
Our solutions and services help promote good hygiene 
and prevent the spread of pathogens to keep people 
healthy where they eat, sleep, work, play and heal. 
They help keep food safe all a
Keyword: governance
Governance
Appendix
About
Contents
Governance
The Ecolab Board of Directors (Board) 
uses a framework for key risks and 
opportunities considered to be most 
relevant to our long-term sustainability. 
This framework aligns with the 21 core 
metrics and disclosures outlined in the 
World Economic Forum (WEF) report 
entitled Measuring Stakeholder Capitalism: 
Towards Common Metrics and Consistent 
Reporting of Sustainable Value Creation. 
Our framework aligns with the four 
themes in the WEF report—People, Planet, 
Prosperity and Principles of Governance. 
Responsibility for oversight of the 
metrics and disclosures included in the 
framework were assigned to the Board 
and its Committees through our Corporate 
Governance Principles, Committee 
Charte
Keyword: governance
our Corporate Governance Principles, 
Committee Charters and Core Agendas 
for alignment to the environmental 
stewardship, social responsibility and 
sustainable business practices we aspire to 
achieve in accordance with this framework.
Our Board has oversight of sustainability 
efforts primarily through the Safety, Health 
and Environment (SHE) Committee, which 
is responsible for reviewing and overseeing 
our sustainability policies, programs and 
practices that affect, or could affect, our 
employees, customers, stockholders and 
neighboring communities.
The SHE Committee’s work is informed 
by our Corporate Sustainability 
team, which monitors the risks and 
opportunities related to climate change, 
as well as our overall sustainability 
performance by colla
Keyword: governance
Audit Committee, Governance Committee 
and the Compensation & Human Capital 
Management Committee follow a similar 
process for the sustainability and social 
responsibility topics over which they 
exercise oversight. 
Growth & Impact incentives
Strategic sustainability indicators are 
included in measures of performance used 
to determine compensation for senior 
leaders and associates. By delivering a net 
positive impact for our associates, in our 
operations and for our customers, we drive 
business performance, innovation and fast 
growth. To promote sustained company 
success, all leaders work together to 
achieve related goals.
Beginning in 2023, the annual cash bonus 
for our most senior leaders included 
a Growth & Impact modifier which 
was based on reducin
Keyword: governance
Governance
Appendix
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Contents
Stakeholder engagement
While we continue to act as a leading 
example for advancement on climate 
change, water resiliency, food safety, 
public health, diversity, equity and 
inclusion and safety, we know that we 
cannot deliver enduring change alone. We 
must continue to deepen collaboration 
with associates, investors, communities, 
customers, suppliers, governmental bodies 
and non-governmental organizations 
(NGOs) to achieve collective ambitions for 
a positive future. 
To garner a comprehensive understanding 
of risks and opportunities, continuous 
engagement with a diverse set of 
stakeholders helps us assess the 
relevancy of sustainability issues to our 
business, and identify opportunities to 
improve thr
Keyword: governance
governance includes proactive outreach 
and engagement with our stockholders 
on a regular basis and in a variety of 
settings throughout the year to better 
understand the issues that are important 
to them. These opportunities enable us 
to learn about matters important to our 
stockholders, driving improvements 
in our policies, communications and 
other areas. As part of our stockholder 
engagement program, our senior 
management team have engaged with 
over 2,000 investors during 2023 on a 
variety of topics in a number of forums 
including quarterly earnings calls, investor 
and industry conferences, roadshows, 
analyst meetings, our annual corporate 
sustainability conference and biennial 
Investor Day and individual corporate 
governance and
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Governance
Appendix
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Contents
Customers
Our relationships with many of the 
world’s biggest brands give us a unique 
opportunity to understand sustainability 
risks and opportunities facing a wide 
range of industries all around the world. 
We learn from our customers — the 
challenges they face and the results they 
desire — and use this knowledge to drive 
innovation to help them achieve their 
business and sustainability goals. 
In addition to our daily interactions with 
customers, we conduct interviews with 
customers as part of our sustainability 
materiality assessment process, actively 
participate in various industry 
associations and conduct annual 
reviews of our partnerships with each 
customer to understand customer-
specific issues
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Governance
Appendix
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Approach
We are committed to reviewing our 
materiality assessment findings at least 
every three years to ensure our strategy 
and reporting activities continue to focus 
on areas where we have the most 
significant, actual and potential impact 
while maintaining and strengthening our 
sustainability leadership position. Our 
multifaceted materiality assessment 
process captures and prioritizes 
sustainability topics that are important to 
our stakeholders, align with our 
company’s and customers’ key business 
drivers and inform our business strategy 
and reporting of these issues as required 
in our Annual Report and 10-K. The 
classification and selection of topics are 
prepared with reference to the Global 
Rep
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Appendix
GOAL 6: 
Clean Water and Sanitation
GOAL 13:
Climate Action
GOAL 5: 
Gender Equality
We aim to achieve a net positive water impact across our 
own operations and customers’ sites.
Ecolab continues to pursue climate leadership, aligned 
with the latest science and industry best practices to halve 
carbon emissions by 2030 and achieve net-zero carbon 
emissions by 2050.
We believe that a diverse and inclusive workforce is critical to 
the success of our associates, company and customers. 
15
Ecolab’s 2023 Growth & Impact Report
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Environment
Social
Governance
Appendix
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Contents
Findings 
Our most recent assessment resulted in the identification and prioritization of 17 material 
topics relevant to stakeholders and ou
Keyword: governance
occurring across governance areas with a steep rise in granular topics such as pay equity, 
business ethics and business resiliency. Key drivers of Ecolab’s sustainability efforts such 
as water stewardship, climate action and health, wellness and safety remained high on the 
relative ranking of significance. Also notable was the addition of biodiversity protection 
and restoration to address growing attention to this aspect of environmental sustainability. 
Higher
Lower
Importance to business
Importance to stakeholders
Higher
Pay equity
Business resiliency
Community impact
Supplier relations
Diversity, equity and inclusion
Biodiversity
Human rights
Circularity
Product sustainability
Water stewardship
Business ethics
Talent management
Health, wellness and safety
Wast
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Corporate governance
Climate action
Information security
Governance
Environmental
Social
Sustainability materiality assessment
16
Ecolab’s 2023 Growth & Impact Report
Our Approach
Environment
Social
Governance
Appendix
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Contents
eROI: Creating and measuring value
Over a century of innovation has laid 
the groundwork for moving forward, 
faster as we build positive growth, 
through science-based solutions, 
data-driven insights and world-class 
service that help customers achieve 
ambitious business and environmental 
goals. With an unparalleled combination of science and service, we deliver exponential 
outcomes that benefit customers and communities. We call this our eROISM value: the 
exponential return on investment, or eROI, from customers’ improved p
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Governance
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Insights
ADM is a global leader in human and animal 
nutrition and the world’s premier agricultural 
origination and processing company. The 
company is committed to good business 
practices, progressive solutions and mindful 
actions that make a positive impact. 
Its Strive 35 enterprise goals aim to 
substantially reduce greenhouse gas 
emissions, energy intensity and water 
intensity by 2035. To that end, the 
company seeks solutions that will help 
advance its sustainability goals.
Actions
An ADM facility in Columbus, Nebraska, 
that produces ethanol, a plant-based 
biofuel, from fermented corn was 
looking for a better process for removing 
biofilm buildup. Biofilms that are not 
properly removed can negatively
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Governance
Appendix
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Contents
Insights
Marriott Vacations Worldwide (MVW) is 
a leading global vacation company that 
offers vacation ownership, exchange, 
rental, and resort and property 
management, along with related 
businesses, products and services. 
MVW strives to uphold the highest 
standards of excellence in all aspects of its 
operations. This includes working to create 
a positive impact on the communities and 
resort locations in which the company 
operates, as well as the safety and 
productivity of their team members.   
Actions
To reduce its environmental impact, MVW 
is working with stakeholders to embed 
consistent environmental efficiency 
practices across its resorts. Key areas of 
focus are tracking and reducing water and 
en
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Insights
AES Andes is a producer and distributor of 
electricity based in Santiago, Chile. The 
company is one of the region's leading 
generators, with a diversified portfolio that 
includes hydroelectric, wind, solar, energy 
storage, biomass, gas and coal plants. 
The company is committed to 
decarbonization, with sustainability 
goals that include eliminating coal from 
its portfolio by 2025, achieving net-zero 
carbon emissions from electricity sales by 
2040 and net-zero carbon emissions for 
its entire portfolio by 2050. 
AES Andes was looking for a partner 
to help it minimize chemistry use and 
optimize productivity at its Andes 
Ventanas thermoelectric power plant in 
Puchuncaví, Chile. 
Actions
The plant
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Governance
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2030 Customer Impact
1 GHG emissions equivalency is determined using regional emissions factors from the International Energy Agency.
How we evaluate impact
Ecolab operates where sustainability and economic benefits align, helping our 
customers do more with less. Ecolab technologies and services help drive exponential 
return on investment (eROI) for our customers, while helping protect people and vital 
resources. And as we grow our business, we further amplify our impact. That’s why we 
have ambitious goals to drive positive impact forward, faster, together with 
our customers. 
Our plan for creating 2030 Positive Impact showcases our global team’s dedication to 
partnering with customers to maximize business out
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2030 Customer Impact
By 2030, our goal is to help customers 
provide high-quality and safe food to 
2 billion people for an entire year and 
prevent 11 million foodborne illnesses. 
In 2023, we helped customers provide 
high-quality and safe food to 1.4 billion 
people and prevent over 8 million 
foodborne illnesses. 
By 2030, our goal is to help clean 90 
billion hands and provide safe medical 
care for 116 million people each year, 
reducing the risk of more than 1.7 
million infections. 
In 2023, we helped customers clean 60 
billion hands, provide safe medical care 
to 66 million people and reduce the risk 
of 2.1 million infections. 
Food
Health
Water
Climate
90 billion 
hands cleaned
2030 Impact
60B 
hands 
in
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Contents
At Ecolab, we strive to create sustainable, positive change in the world, not only in partnership with our customers, but within our company and the communities in which we 
live and work. In addition to science-based environmental targets, we foster a culture of belonging through diversity and inclusion, where people with unique backgrounds and 
experiences are supported and encouraged to reach their full potential. We act with purpose and, together, continue to do our part to help change the world for the better.
2030 Operational Impact
1 Scope 1 + 2 from 2018 base year, Scope 3 from 2022 base year, 2 From a 2018 base year, 3 From a 2022 base year inclusive of a portion of purchased goods and services, fuel- and e
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Diversity, equity and inclusion
Our culture of inclusion and belonging is focused on supporting and 
encouraging our associates to reach their full potential. We seek to foster 
a culture of belonging that reflects our longstanding value of collaborating 
to include diverse perspectives that challenge ourselves to reach our goals 
and do what's right. And we endeavor to maintain supply relationships that 
reflect Ecolab’s commitment to supporting more inclusive communities and 
promoting equal opportunity for suppliers.
We are committed to ensuring Ecolab talent has equal access to 
opportunities to thrive, and building a diverse and inclusive workforce 
that reflects our communities. Our 2030 Impact aspirations ref
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Global good
America’s Most Just Companies 
(CNBC & JUST Capital)
World’s Most Ethical Companies 
(Ethisphere)
World’s Most Admired Companies 
(Fortune)
50 Best Companies to Sell For 
(Selling Power)
Awards and recognition
Doing the right thing, the right way
The Ecolab team operates with a strong commitment to integrity, innovation, sustainability and social 
responsibility. We strive for the best results for our customers and our company, and in 2023, were recognized 
by several leading organizations for our commitment to operating responsibly and sustainably.
Sustainability
World’s Most Sustainable Companies (Barron’s)
Climate & Water Security (Double A) (CDP)
100 Most Sustainable Corporations (Corporate Knights)
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Ecolab embraces our responsibility to drive positive change in the world, 
within our company and with our customers and the communities in which 
we live and work. Our associates act with purpose and, together, we continue to 
do our part to help change the world for the better.
At Ecolab, we take a science-driven and customer-centric approach to pursuing 
solutions to the world’s most complex problems, including water scarcity and 
climate change. Continued population growth, rising consumption, changing 
diets, public health crises and other dynamics are placing increased pressure 
on the world’s natural resources and creating new and increasingly complex 
challenges for businesses. It is increasingly clear that
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Partnering for a net positive future 
We deliver exponential results today and are planning for an even more brilliant future. Together, with our customers and supply partners, we are focused on creating lasting positive 
impact while simultaneously driving business growth. And by 2030, the culmination of advancements across our value chain is expected to result in net positive water and climate 
impact, meaning outcomes delivered through use of Ecolab solutions and services outweigh our business’s own resource dependency. 
Water
Ecolab helps businesses around the world achieve ambitious sustainability 
goals by reducing freshwater use in critical processes. Each year, water 
conserved at customer locations through
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Clean revenue
We define clean revenue as revenue 
from product and service offerings that 
deliver a clear and significant social or 
environmental benefit. While there is 
currently no generally accepted standard 
for quantifying clean revenue, we have 
sought to align with reputable external 
standards where possible.
In 2023, our clean revenue total includes:
1.	 Revenue from water- and energy-
saving technologies within our Global
Industrial and Global Institutional
divisions that deliver meaningful
improvements in use-phase
resource efficiency as defined by the
Sustainability Accounting Standards
Board (SASB) Chemicals Standard.
2.	 Revenue from wastewater treatment
technologies within our Global
Industrial div
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water intensive, having quality freshwater 
is vital to our operations, products and 
services as we depend on the use of 
water to deliver our primary products 
and services to customers through 
cleaning, sanitation, heating and cooling. 
Accelerating change through the power 
of water is core to Ecolab’s purpose to 
improve the health of people, planet and 
business around the world. 
Our Water Stewardship Position formalizes 
our global commitment to undertake 
responsible water stewardship by 
identifying opportunities for our company 
and customers to use water resources 
in a manner that benefits business, 
communities and the environment.
We believe in the importance of water 
in protecting the environment,
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Assessing the state of water stewardship with 
the Ecolab WatermarkTM Study
As a global leader in water, Ecolab created 
the Ecolab Watermark™ Study to examine 
the state of water stewardship and keep 
a pulse on where and how to protect this 
finite resource. By understanding the 
views and needs of the general population, 
Ecolab is helping to build the business 
case for positive change toward a water 
secure future. 
The inaugural Ecolab Watermark Study, 
released in 2023, found that the realities 
of climate change and water scarcity are 
setting in around the world. And since so 
many of the impacts of climate change are 
felt through water, the results showed that 
water concerns were rising. 
According to th
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Our journey toward a net positive future 
Moving forward, faster toward a water-resilient future requires tangible 
action. Ecolab continues to drive corporate water management with 
our customers, while also identifying opportunities to implement water 
stewardship projects in our own operations. We recognize the human 
right to water and are aligned with the UN Sustainable Development 
Goal (SDG) 6 to “Ensure availability and sustainable management of 
water and sanitation for all.” We aim to continue delivering a Net Positive 
Water Impact by: 

Helping customers advance efficient operations and 
responsible growth 
Through use of Ecolab solutions and services, we aim to 
help customers conserve 300 billion gal
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Conserving water in partnership with our customers 
2030 Impact 
By 2030, we aim to help customers conserve 
300 billion gallons (~1.1 billion cubic meters) 
of water every year, equivalent to the drinking 
water needs of 1 billion people. 
2023 performance
We helped our customers save 226 billion 
gallons (~857 million cubic meters) of water, 
equivalent to the drinking water needs of 
almost 782 million people.
As the effects of climate 
change and water 
scarcity continue to 
intensify, businesses 
are facing increased 
pressure to reach 
climate, water and 
business growth goals. 
Ecolab’s Water for 
Climate program is 
designed to help customers advance sustainable business 
growth while meeting climate and wat
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Helping businesses achieve resilience with the 
Ecolab Smart Water Navigator 
As available freshwater decreases while 
demand increases, there’s more pressure 
than ever on businesses to reduce water 
use. The Smart Water Navigator is a 
publicly available online tool that helps 
businesses increase water resilience and 
support responsible growth by turning 
corporate water targets into real, on-the-
ground results. 
The tool, created by Ecolab in partnership 
with S&P Global, supports Ecolab’s 
broader mission to help industry reuse, 
recycle and reduce water, supporting 
growing operations and healthy 
communities. Using the Smart Water 
Navigator, companies can: 
•	 Set clear targets and drive internal
accountability to help reach them
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34
Our Approach
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Social
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Reducing, recycling and replenishing 
water at operational sites 
Through helping customers manage over 
one trillion gallons of water annually, 
Ecolab’s team of experts is skilled in 
identifying and implementing water 
reduction, reuse and recycling solutions 
that build water resilience. We utilize this 
same expertise within our own operations 
to optimize water use. We support smart 
water management practices designed 
to reduce demand and improve water 
quality while optimizing costs at the 
facility and organizational level through 
Ecolab solutions like 3D TRASAR™, Water 
Flow Intelligence and digital tools like the 
Smart Water Navigator. 
Paire
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Water intensity over time at Ecolab’s Lerma 
manufacturing site
Water Intensity
1.2
1 
0.8
0.6
0.4
0.2
0
2018
2019
2020
2021
2022
2023
(cubic meters / MT product produced)
0.89
0.88
0.8
0.67
0.68
0.62
Ecolab’s 2023 Growth & Impact Report
36
Our Approach
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water and improve hygiene around the 
world through collaborations with non-
governmental organizations (NGOs) and 
employee volunteerism. Through Solutions 
for Life, Ecolab has supported the work of 
several global nonprofit partners including:
•	 The Nature Conservancy
•	 Project WET Foundation
•	 Water.org
•	 World Wildlife Fund
•	 Bonneville Environmental Foundation
We also work collectively on shared water 
challenge
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Advancing global water resilience 
through collective action
to climate change up the corporate 
agenda. Through driving collective action 
to achieve positive water impact in 100 
priority basins, Ecolab and other WRC 
members aim to enable water security for 
three billion people and access to water, 
sanitation and hygiene (WASH) services 
for over 300 million people by 2030.
In 2023, Ecolab stepped forward as the 
Basin Champion for one of the WRC’s 
priority basins: California. As Basin 
Champion, Ecolab convened corporations, 
nonprofits and governmental bodies to 
launch the California Water Resilience 
Initiative (CWRI). In line with California’s 
Water Supply Strategy, this initiative aims 
to shore up and
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Enabling water conservation, accessibility and 
equity in the Southwest United States
Ecolab is a global leader in business 
solutions that make the world cleaner, 
safer and healthier. But perhaps more 
importantly, we are also leaders in our 
communities, helping our neighbors 
optimize water use and access while 
protecting resources vital to life. 
A business cannot operate sustainability 
globally without acting locally. As such, 
Ecolab is committed to advancing 
environmental justice in the communities 
where we operate. Our Environmental 
Justice Position outlines how we actively 
seek to ensure our operations and products 
involve fair treatment and meaningful 
involvement of all community stakeholders, 
re
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City of Industry, California 
Annual water savings of  
850,000 gallons (~3,200 m3)
Cuautitlán Izcalli, Mexico 
Annual water savings of  
760,000 gallons (~2,900 m3)

Monterrey, Mexico
Annual water savings of   
181,00 gallons (~260 m3)
Garyville, Louisiana 
Annual water savings of  
22 million gallons (~83,000 m3)
Nanjing, China 
Annual water savings of 
1.9 million gallons (~7,200 m3)
Carson, California 
Annual water savings of 
419,000 gallons (~1,600 m3)
Barueri, Brazil
Annual water savings of        
1.2 million gallons (~4,500 m3)
Suzano, Brazil 
Annual water savings 
of 1.3 million gallons 
(~4,900 m3)
Lerma, Mexico
Annual water savings of  
858,000 gallons (~3,200 m3)
Taicang, China
Annual water savings of
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on combining our operational water 
withdrawals, effluent discharges 
and production metrics with water 
risk indicators from World Resources 
Institute’s (WRI’s) Aqueduct Water Risk 
Atlas and World Wildlife Fund’s (WWF’s) 
Water Risk Filter, as well as financial cost 
valuations from Ecolab’s Smart Water 
Navigator to inform decisions at an 
operational level. 
Methodology details
In 2023, our water risk assessment 
scope included 100% of our direct 
operations. We assessed company 
locations representing 100% of our global 
withdrawal and effluent footprint. These 
locations were assessed using a variety 
of risk criteria inputs provided by the 
Aqueduct Water Risk Atlas, Water Risk 
Filter and insights available
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SCOPES EXPLAINED
Scope 1: Direct emissions from owned 
or controlled sources or activities. 
Examples include company-owned 
vehicles or on-site fuel combustion.
Scope 2: Indirect emissions from 
purchased electricity or heat sources.
Scope 3: Indirect emissions from all 
other activities across the value chain, 
both upstream and downstream. 
Examples of upstream activities 
include purchased goods and 
services, business travel and employee 
commuting. Downstream examples 
include electricity customers consume 
using sold products. 
See the Performance data appendix 
for more information on our carbon 
emissions inventories. 
94.1% 
Scope 3
4.7% 
Scope 1
1.2% 
Scope 2
Climate
The science is clear on what’s needed
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Our journey toward a net positive future 
As a company with a global manufacturing footprint, we actively seek to make a 
positive impact on the world’s climate through responsible processes while advancing 
our resilience to the world’s changing climate. To guide our journey, Ecolab has near-
term Scope 1 and 2 science-based targets (SBTs) approved by the Science Based 
Targets initiative (SBTi). We have committed to a net-zero SBT, which is undergoing 
validation by the SBTi, alongside reconfirmation and expansion of near-term targets. 
We follow GHG Protocol accounting standards which exclude capturing customers’ 
emissions reduction in our inventories but realize our positive contribution on the 
planet is maxim
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3D TRASAR™ Technology for Cooling Water 
Holistic solution for cooling water 
management, providing operational visibility 
and actionable insights 
3D TRASAR™ Technology for CIP 
Monitoring and optimization program 
for clean-in-place systems 
APEX™
Machine warewashing program 
for the foodservice industry
ExelerateTM 
Specially formulated program for clean-
in-place and clean-out-of place applications, 
tough burnt-on soils and more
Pure ComfortTM
Mineral pool and spa designed to 
maintain safe and balanced pools 
ProTEX Plus
Laundry program tailored to the 
unique needs of food and beverage 
commercial laundries 
Nalco Water Boiler Treatment Technology 
Comprehensive boiler water treatment 
solution designed to m
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Alignment and achievement against a 1.5˚C pathway
Building momentum on the way to net-zero
2030 Impact
Reduce absolute Scope 1 and 2 GHG 
emissions by 50% from a 2018 base year.
2023 performance
We reduced absolute Scope 1 and 2 GHG 
emissions by 25% from a 2018 base year.
As we keep an eye to net-zero ambitions by 2050, we are making progress toward our 2030 checkpoint to cut 
operational emissions by half. We anticipate renewable energy and electric vehicle investments in 2024 will 
continue to keep us ahead of pace as we do our part to limit global warming to 1.5˚C above pre-industrial levels.
Climate
Our pathway to reduce operational emissions 
For over 100 years, Ecolab has led with purpose and an 
intense focu
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Embracing renewable electricity 
We continue to partner with renewable 
energy producers in global markets to 
source renewable electricity for our facilities 
and are exploring more opportunities for 
renewable energy applications, energy 
certificates and subscriptions.
We partner with renewable energy producer 
Clearway Energy Group through a virtual 
power purchasing agreement (VPPA) to 
cover 100% of Ecolab’s annual electricity use 
in the United States and Canada. In 2022, 
we announced our partnership with asset 
management firm Low Carbon on a VPPA 
to source 100% of the electricity needs for 
our European sites from the Mörknässkogen 
wind farm on the west coast of Finland. This 
project was completed in ea
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Sourcing 100% renewable electricity in 
Europe to advance global clean energy goals
This past year, Ecolab reached a major 
milestone in renewable power with the 
completion of a windfarm project in 
Finland. With the addition of the new 
windfarm, Ecolab now sources enough 
renewable electricity to cover 100% of the 
energy needs of our European operations.
In 2022, Ecolab entered into a virtual 
power purchase agreement with the 
global renewable energy company, Low 
Carbon, to develop the Mörknässkogen 
windfarm. Located on the west coast 
of Finland near the city of Vaasa, the 
windfarm has a capacity of 30MW and 
will generate up to 100GWh of electricity 
annually. That’s sufficient to power 
30,000 homes and a
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Electrifying Ecolab’s North American 
sales and service fleet by 2030
In 2023, Ecolab accelerated efforts to 
electrify its North American sales and 
service fleet through a partnership with 
Ford Pro™. The collaboration began in 
California, where Ecolab started working 
with Ford Pro to purchase and deploy 
more than 1,000 Ford F-150® Lightning® 
Pro trucks and Mustang® Mach-E® 
SUVs for its fleet. Ford Pro’s full suite 
of charging and telematics software 
will also help Ecolab maximize vehicle 
performance and fleet productivity.
The electrification effort will expand 
across California, and by 2025, Ecolab 
aims to update every vehicle used by 
our Californian field associates to serve 
customers each day. Once
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Climate
Engaging across our value chain 
At Ecolab, we recognize that no one 
organization alone will solve the 
challenges presented by climate change. 
It takes all of us working together to 
move from net-zero commitments to 
meaningful results. 
That’s why we are collaborating with 
suppliers to reduce absolute Scope 3 
emissions by 25% from a 2022 base year 
across a portion of purchased goods and 
services, fuel- and energy-related 
activities, upstream transportation and 
distribution and use of sold products. This 
target, currently undergoing validation by 
the Science Based Targets initiative 
(SBTi), was introduced in 2023, with 
performance tracking beginning  in 2024. 
Nevertheless, in 2023, we continue
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Transportation logistics initiatives 
drive down emissions
Through innovation and a continuous 
commitment to reduce our environmental 
impact, Ecolab is on the road to achieving 
net-zero emissions globally by 2050. A key 
contribution to these efforts is optimization 
of supply chain transportation, distribution 
and logistics activities.
“Our team continues to innovate and 
optimize our network to take miles off the 
road and avoid greenhouse gas emissions 
by manufacturing and storing our 
products closer to the customer, 
continuing our commitment to fuel-
efficient intermodal transport and 
adopting new technologies and 
programs," said Ryan Hanson, Ecolab 
Senior Vice President, North America 
Supply Chain.
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Strategy and risk management
Climate-related issues are monitored by 
the Chief Sustainability Officer through 
our annual enterprise risk assessment, 
periodic sustainability materiality 
assessment, ethical and environmental 
standards survey of performance in 
the global supply chain and quarterly 
management meetings with the 
Sustainability Executive Advisory Team 
(SEAT) and the Corporate Sustainability 
team. Climate-related risks are assessed 
within our enterprise risk management 
process and annual assessment of 
significant business risks, which is 
aligned with recommendations of the 
Financial Stability Board (FSB) Task 
Force on Climate-related Financial 
Disclosures (TCFD). Various laws and 
regulatio
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through governance, strategy and risk 
management processes. This work 
includes defining climate-related key 
performance indicators and improving 
data collection and management 
to better inform scenario analyses 
and understand the true scale of the 
potential financial impacts from climate 
change on Ecolab. We will continue our 
efforts to assess additional climate-
related risks and opportunities, including 
exploring our supply chain resiliency. 
We will periodically review the results 
of our analysis and develop adaptation 
and management plans for any relevant 
climate change risks and to further 
benefit from identified opportunities 
for customer impact. We report TCFD 
disclosures, including a description 
of our climate-related risks and 
oppo
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importance of continually monitoring 
and assessing biodiversity topics to gain 
a comprehensive understanding of any 
potential impacts our activities may pose 
to local ecosystems and biodiversity. In 
2022, we profiled the possible nature-
related risks of our top 25 sites by water 
and energy consumption and production. 
To establish a more in-depth 
understanding of how our operations 
interface with nature, in addition to 
examining our top 25 sites, in 2023 we 
expanded the first iteration of our nature 
risk profile to be inclusive of an additional 
75 sites, which were determined based on 
water and energy consumption, as well as 
key business factors. We recognize the 
impact any facility can have on local