exo-is/governance-reporting-on-listed-companies huggingface dataset:
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Governance 
The Safety, Health and Environment (SHE) 
Committee of the Board of Directors has 
oversight of many sustainability matters, 
including biodiversity-related issues, as it 
falls within the scope of environmental 
matters that are part of the principal 
responsibilities and duties of the Committee. 
Ecolab’s Senior Vice President and Chief 
Sustainability Officer leads Ecolab’s 
Corporate Sustainability program 
and is responsible for the company’s 
global sustainability strategy, including 
biodiversity. See our TCFD Index for  
more information.
Biodiversity
Our approach
At Ecolab, we have a longstanding 
commitment to safeguarding biodiversity, 
exemplified through our robust water 
stewardship program, climate action 
and consistent pe
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We are working to identify and better 
understand if any material impacts on 
local biodiversity or significant changes 
to the conditions of the local freshwater 
ecosystems have occurred within 
proximity to these facilities and their 
operations through remote vegetation 
monitoring. While our initial analysis 
focused on sites presenting higher risk, 
we recognize that additional sites may in 
fact be in proximity to a KBA. We believe 
that any impact on nature is worth 
further investigating and will continue 
to focus on locating and evaluating sites 
in alignment with the LEAP framework 
as we refine our process and reporting 
aligned with the TNFD guidance. 
While Ecolab operations are contained 
within wat
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China Urban Water Blueprint  |  China
Biodiversity
Minnesota Headwaters Fund  |  United States
Below are additional, ongoing examples of our work highlighting impacts on nature protection, 
adaptation, and regeneration through our partnership with The Nature Conservancy (TNC).
With Ecolab’s support, TNC made progress on groundbreaking work focused on sustainable 
water systems in China. This included making headway on the development of source water protection 
programs for the Dongjiang River Basin, the Qiandao Lake Basin and the exploration of a “sponge city” 
program in Shanghai. These projects use nature to create a more resilient water system in regions across the 
globe and will serve as critical demonstration
Keyword: governance
and governance frameworks. 
Ecolab also supported the development and publication of the China Urban Water Blueprint report, which analyzed the 
state of water in China’s 30 largest and fastest growing cities, informing TNC China’s decision to start two new water 
funds. The report offers science-based recommendations for natural solutions – including reforestation and improving 
agricultural practices – that can be integrated alongside traditional infrastructure to improve water security for people 
and nature. It provides a roadmap for action for water security through natural solutions, paving the way for new 
partnerships and subsequent work on source water protection. 

Ecolab was an initial funder of the Minnesota Headwaters Fund, which began in
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Biodiversity
Water Fund of São Paulo  |  Brazil
Monterrey Metropolitan Water Fund  |  Mexico
Loch Leven  |  United States
Within the Mississippi River Delta, the Lower Mississippi Alluvial Valley faces poor water quality and the 
potential loss of three critical wetland habitats. Over 200 species of migrating birds rely on the wetlands during 
their annual migration to the coast of the Gulf of Mexico while numerous other plant, wildlife and fish species 
also depend on the critical habitat. In partnership with TNC, Ecolab supports the Loch Leven project, working 
to restore and enhance 10,000 acres which provide critical refuge to the species that call the wetlands home. 
The project also aims to provide 12.1 billio
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Waste
Our approach
Ecolab is committed to implementing 
circular economy principles, including 
using materials and resources efficiently, 
reducing non-hazardous and hazardous 
waste in our operations, products 
and packaging and increasing reuse 
and recycling. Our commitment is 
operationalized through our Waste 
Management Policy, which establishes 
minimum waste management requirements 
and helps ensure responsible and legal 
practices for waste generation and disposal.
Practicing responsible waste 
disposal processes
Ecolab's Waste Management Policy 
focuses on a hierarchy of controls as 
well as guidance for waste minimization, 
proper waste storage and internal 
audits. Aligned with our Total Productive 
Mai
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Our approach
Ecolab is on a continuous journey 
to be a leader in product safety and 
sustainability. We have developed 
policies and programs to prevent or 
reduce human and environmental 
exposure to chemical products through 
a holistic engineering approach which 
includes chemistry composition, format, 
packaging, dispensing and digital   
control systems.
We continue to leverage our Impacts that 
Matter framework that aligns with eight, 
science-based and measurable product 
sustainability criteria. Impacts that Matter 
is a natural extension of our Exponential 
Return on Investment (eROI) value 
platform and allows Ecolab customers 
to make informed choices based on 
the outcomes products have on their 
team
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Requires no eye, hand, skin, or 
respiratory personal protective 
equipment when used as directed 
per Global Harmonized System 
(GHS) classifications. Simplifies 
training employees on 
safe, effective use and 
handling. Creates 
positive staff and
occupant perception. 
Available in a package designed to 
reduce exposure to the concentrated 
chemical under typical use conditions 
making the product easier to handle, 
store and deliver.
Simplified 
product use
Product is fragrance free or contains 
a fragrance compliant with 
International Fragrance Association 
(IFRA) safety standards. Fosters 
peace of mind for user and 
comfort for occupant. 
Fragrance 
safety
Minimizes air impacts due to 
volatile organic compou
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Classification and labeling  
of chemicals 
100% of Ecolab chemical products are 
reviewed for appropriate ingredient 
disclosure and accurate use and 
application instructions. We follow 
the GHS criteria for classifying 
chemical ingredients and products 
and communicating product safety 
information. Ecolab has implemented 
GHS globally with over 95% of our 
products meeting the GHS standard and 
nearly 200,000 Safety Data Sheets (SDS) 
issued annually in approximately 74 
different country-specific templates and  
49 languages.
Additionally, safe-use and disposal 
instructions are included on the product 
label and/or through our sales-and-
service associates. 84% of Ecolab 
products have GHS category 1 and/or
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naturally derived raw material sourcing to 
further integrate circularity principles into 
our procurement strategy; currently 6% of 
Ecolab’s raw materials are from 
renewable sources.1 For more 
information: Ethical Sourcing Standards | 
Conflict Minerals Policy
Manufacturing
Optimizing manufacturing processes to 
minimize water and energy consumption, 
waste generation and exposure to 
harmful substances while utilizing 
renewable energy sources to reduce our 
carbon footprint. For more information: 
Water | Climate
Logistics & transportation 
Designing products for transport  
optimization via concentration and 
palletization patterns. Our logistics 
network across multiple locations  
minimizes transport distan
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Product safety and sustainability 
Alignment and achievement against SVHC 
authorization list ambition
0.40%
0.20%
0.30%
0.10%
0.00%
2023
2024
2025
2026
2027
2028
2029
2030
Target glidepath
Actual
Ecolab revenue (%)
1 (i) EU SVHC Authorization listed CAS substances (01/2024 revision) intentionally added to Ecolab products above REACH's reportable concentration of 0.1%. 
(ii) Transition away is defined as Ecolab impacted chemical product sales equal to <0.05% of Ecolab's total annual revenue.
Ecolab’s 2023 Growth & Impact Report
Portfolio management
Ecolab’s products and operations are 
regulated by numerous different laws 
globally, including the European Union 
(EU) Substances of Very High Concern 
(SVHC)
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Reduce 
Plastic minimization and 
concentrated product alternatives 
with lower plastic packaging 
requirements help avoid use of 
virgin plastic. 
Recycle 
We incorporate Design for 
Recyclability principles into our 
designs and post-consumer 
recycled (PCR) materials into 
packaging.
Product safety and sustainability 
RECYCLE
REUSE
REDUCE
Containers  are
shredded
Containers  
are refilled
Up to 99%  
plastic reduction
Containers 
are washed
Ready for  
customers  to use
Empty containers 
are picked up
Highly concentrated 
products are delivered 
Empty containers 
are picked up
Containers  
based on
PCR
Virgin plastic resin avoidance
6
10
16
2
12
18
4
8
14
0
Packaging material weight 
(in million pounds)
PCR resin
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Reducing plastic packaging to minimize 
environmental impact and costs
When it comes to our products and 
solutions, Ecolab is committed to 
maximizing our total impact to benefit 
people, planet and business health. One 
facet of these efforts is finding ways to 
steadily reduce the amount of virgin plastic 
in our product packaging. 
In support of these efforts, the Ecolab 
procurement team initiated a project to 
implement lighter-weight 55-gallon plastic 
packaging configurations to enhance 
sustainability and achieve cost savings. 
Through a reduction of virgin plastic 
weight and a shorter transportation route 
for the new plastic packaging, Ecolab was 
able to achieve both objectives. The effort 
also led to
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Our 48,000 associates, which include 26,000 sales-and-
service professionals providing on-site services for customers, 
bring ingenuity and resourcefulness to produce positive outcomes 
for people, businesses and the planet.
We operate with concern for the well-being of all people, and 
value diversity, equity and inclusion in business and in all facets of 
work and life. This is reflected in how we attract, hire, develop and 
promote people, create a respectful and inclusive workplace and 
strive to enrich and strengthen our communities.
And our commitment to the health, well-being and safety of our 
employees, contractors, customers and customers’ customers 
remains uncompromised — it informs the way we operate, t
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Our approach
We believe the best teams foster a culture 
of belonging. To create these teams, we 
strive to hire and value people with unique 
backgrounds and experiences, provide 
an environment where all associates are 
supported and encourage our associates 
to reach their full potential. 
We believe a world of opportunity can be 
found within our growing company and 
that people develop through experiences. 
To allow for this development, we strive to 
create new opportunities within existing 
roles, provide resources to aid skill 
development and encourage associates 
to seek internal growth experiences to 
further their professional development. 
We believe delivering results and 
demonstrating teamwork drive
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$1 contributed on the next 4%, subject to 
IRS limits. The maximum match is 6% of 
compensation if an employee contributes 
8% of their pay. For contributions, 
employees may contribute from 1% to 50% 
of pay up to the IRS limits with pre-tax and/
or Roth after-tax contributions.
U.S. Retiree Health Benefits provide 
employees aged 55 and above with at 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 ou
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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-
time, job sharing and altered workweek 
schedules. Everyday flexibility is a 
more informal arrangement that allows 
associates to address situations and 
meet personal and family needs that 
occasionally arise.
FlexWork is a part of Ecolab’s culture, 
helping work get done effectively, given 
the challenges our associates face in 
balancing the many facets of life. We 
have a hybrid work model that allows 
associates, who
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•	 Annual and ongoing pay reviews
and audits
•	 Annual salary and bonus planning for
eligible associates
•	 Annual talent reviews
•	 Ongoing pay alignment decisions such
as hiring, promotions and transfers
Pay decisions are made at the managerial 
level and aggregated for review and 
analysis across performance, gender and 
race to ensure equity. 
In addition to these enterprise practices, 
we also conduct pay equity reviews in 
alignment with country-specific regulations. 
Comprehensive and consistent systematic 
assessment of pay equity is a key element 
of sound business strategy and effective 
talent management. Although it is not 
required, Ecolab conducts a pay equity 
review in the U.S. for our total populati
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corresponding governance and analytics 
used to test and validate that we are 
paying equitably. Our compensation 
and governance practices are built 
into our manager and leadership 
development curriculum. Each of our 
annual compensation processes include 
training materials for managers to guide 
performance-based decision making.
Grievance mechanisms regarding 
compensation include reporting 
mechanisms through our global Code 
of Conduct and in the U.S., our Ecolab 
Associate Resolution resources provide 
numerous avenues for employees to raise 
concerns and seek resolution. 
In 2023, the annual total compensation for 
our CEO was $15,547,055 as reported in 
our annual Proxy Statement. The annual 
total compensation for our global median 
employee in 2023 wa
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Our processes and governance for 
ensuring both performance-based and 
equitable pay decisions, is consistent at 
the enterprise level and across 
significant locations of operation. There 
are several processes and practices in 
place to help us avoid pay discrepancies 
related to gender, race or other personal 
demographics including:
68
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Social
Governance
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Our approach 
Ecolab’s ability to attract and retain 
the world’s most capable talent, while 
deepening our relationship with existing 
associates, is critical to managing our 
operations efficiently and effectively 
and delivering innovative solutions to 
customers. We have ambitious, solution-
oriented teams and continually look for 
ways to help associates learn a
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Performance planning  
and development
Ecolab’s global Performance Planning 
and Development process provides 
employees and their managers with the 
practices and tools they need to optimize 
performance. In addition to the annual 
performance review process, managers 
are encouraged to provide open 
feedback and coaching throughout the 
year to support employees in achieving 
their goals. 
Annual performance reviews for 2023 
were completed in 2024, and consisted 
of three sections:
1.	 Past-year results summary
2.	 Performance objectives for the new year
3.	 Coaching and development goals
Employee engagement
We know that we grow our business 
when we grow our talent, and strong 
employee engagement is critical fo
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Ecolab’s enterprise leadership development programs 
deliver value to associates and the business
At Ecolab, strong performance, career 
development and ongoing learning are 
essential for every associate’s professional 
growth and the company’s success. 
Ecolab enterprise learning programs help 
to strengthen leadership capabilities, 
support career development, drive strong 
performance and foster lifelong learning. 
And we know that strong managers play an 
important role at Ecolab to help associates 
perform well and grow in their careers. 
That’s why we remain committed to 
providing robust development experiences 
for managers that build key skills and 
capabilities needed to successfully lead 
teams to delive
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Our approach
We believe in the value of fostering a 
culture of belonging, in business and 
in all facets of life, and are working to 
embed a culture of inclusion throughout 
our company so that it shows up in 
how we: 
•	 Attract and cultivate top talent
•	 Create respectful, inclusive
workplaces that allow for a multitude
of perspectives
•	 Do business with our customers
and suppliers
•	 Leverage our relationships within the
communities we serve to promote
equitable access to opportunity.
Purposefully investing in a thriving 
culture that honors inclusion and 
belonging is essential to being a 
purpose-driven company. As such, we 
strive to advance our organization by:
•	 More closely reflecting the
communities w
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Diversity, equity and inclusion
39% 
27% 
of new management-level hires 
globally were women in 2023
of new management-level hires in 
the U.S. were people of color in 2023
65.2% 
32.9%
1.9% 
78.5%
19.9%
1.7%
Global 
gender diversity, 
and racial and 
ethnic diversity 
in the United 
States
Diversifying candidate pools
To foster an inclusive recruiting process, 
we use a multifaceted approach. Ecolab 
jobs are posted through major social 
and recruiting channels as well as 
diversity specific job boards, like the 
Diversity Jobs Network.
We promote Ecolab careers and 
opportunities to diverse communities 
through long-standing and critical 
partnerships with Historically Black 
Colleges & Universities (HBCUs), 
The
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Diversity, equity and inclusion
1Ecolab is committed to transparency and publicly shares our Employer Information Report (EEO-1) – a compliance survey mandated by U.S. federal statute 
and submitted to the Equal Employment Opportunity Commission. The EEO-1 Report serves as a snapshot of our U.S. workforce demographics based on 
standardized race/ethnicity, gender and job categories. View the latest EEO-1 Report.
78.5%
7.9%
6.3%
3.8%
1.7%
1.4%
0.3%
0.2%
White
Asian
Hispanic or Latino
Black or African 
American
Not Specified 
Two or More Races
American Indian 
or Alaska Native
Native Hawaiian 
or Other Pacific 
Islander
65.2%
13.3%
11.9%
4.8%
2.1%
1.9%
0.5%
0.4%
White
Hispanic or Latino
Black or African 
American
Asia
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Social
Ecolab is committed to advancing gender 
equity and participates in multiple 
gender-equity oriented programs. For 
instance, the company actively promotes 
inclusion through its involvement in 
Men Advocating Real Change (MARC) 
by Catalyst, which encourages allyship 
for gender equity. Ecolab champions the 
concept of allyship, fostering a culture of 
empathy towards individuals with diverse 
experiences, and that have historically 
faced inequity or exclusion. We aim 
to raise awareness of potential biases 
helping team members to understand 
and acknowledge diverse experiences. 
Further, we empower them to actively 
use their influence for promoting an 
inclusive environment, thereby driving 
the advancem
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Ecolab's unwavering support 
for the military community 
Ecolab's commitment to honoring, 
supporting and providing ongoing 
opportunities for the military community 
is reflected in its unwavering dedication 
to maintaining a supportive and inclusive 
environment for active-duty service 
members, veterans and their families. 
With more than 1,000 active-duty service 
members and veteran employees in the 
U.S., Ecolab has implemented various
programs to assist service personnel
and their families, including the Military
Employee Resource Group at Ecolab
(MERGE), training programs for recruiters
and hiring managers, pay differentials for
reservists and a deployment preparation
support group. Additionally, MERGE
organizes annu
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Our approach
At Ecolab, the safety of our employees, 
contractors and visitors is a top priority 
and embedded into our company 
values. Our safety goals are simple: 
zero accidents, zero injuries and zero 
violations. This Goal Zero is a collective 
ambition which each employee must 
commit to own and deliver on every 
day of the year. Year-on-year, we also 
strive to incrementally improve safety at 
all our sites to protect employees and 
communities.
But Goal Zero is more than a number. 
We place great value on training and 
education, both at our own facilities and at 
customer locations. We assess risk before 
we start work, identify and address safety 
issues and remedy hazardous situations 
at any Ecolab loca
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Enhancing safety on the road with a proactive, 
self-directed approach to driver training 
With 26,000 sales-and-service associates 
driving hundreds of millions of miles each 
year, safety on the road is a top priority for 
Ecolab. Continuous driver safety training 
is key to achieving our safety goal of zero 
incidents and part of our commitment to do 
all we can to improve driving behaviors and 
keep our teams safe behind the wheel. 
An innovative program that relies on 
technology and data to help improve 
driver behavior on an ongoing basis has 
had a significant impact on safe driving 
habits, reducing the number of vehicle 
incidents to bring our company that 
much closer to our Goal Zero mindset. 
This globa
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Our systems help ensure we meet 
legal obligations in countries of 
operation, including but not limited 
to the U.S. Occupational Safety and 
Health Administration, UK Health & 
Safety Executive, German Occupational 
and Safety Act, Canadian Centre for 
Occupational Health and Safety and 
China’s Workplace Safety Law.
We continually work to align our systems 
to recognized global standards such 
as the International Organization for 
Standardization (ISO) 45001 framework 
and where applicable, industry group 
standards such as the American 
Chemistry Council’s Responsible Care 
Management System.
To date, approximately 43% of our 
workforce is covered by internally audited 
systems and 29% is covered by systems 
th
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Employee training
Ecolab maintains a Global Safety, Health 
and Environment Training Policy requiring 
all Ecolab operations to establish 
minimum requirements for training 
based on an assessment of operation-
specific risk, applicable local or national 
laws and regulations and employee job 
responsibilities. This includes establishing 
new hire or transfer orientation training 
requirements. Each operation is required 
to determine appropriate training 
methods and frequencies, ensure training 
is delivered prior to risk exposure, 
document the completion of training and 
review training programs at least every 
three years. Below are a few examples of 
our training programs and activities. 
•	 Manager Essentials
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Through our Global Risk Assessment 
Policy, Global Safety, Health & 
Environment Position and Code of 
Conduct, we empower all employees 
to report work-related hazards and 
conditions, and to stop work when 
conditions or behaviors are unsafe. 
Our Code of Conduct establishes 
personal responsibility for establishing 
and maintaining a safe workplace and 
requires employees to promptly report 
health and safety concerns to their 
supervisor, regional SHE representative, 
human resources representative or 
if necessary, appropriate emergency 
authorities. We also deploy electronic, 
web-based tools throughout to assist all 
employees and non-employees under 
our operational control in reporting 
incidents, near-miss
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Our approach 
Ecolab supports programs and initiatives 
that protect people and nature in the 
communities in which we live and work. 
Through corporate giving and grants 
from the Ecolab Foundation, product 
donations and employee volunteerism, 
Ecolab is advancing its goals to support 
vital ecosystems and enable communities 
around the world to thrive.
Community giving 
Since 1986, the Ecolab Foundation 
has implemented community impact 
programs to support communities where 
our employees live and work, focusing on 
giving to local nonprofit organizations in 
four strategic areas: youth and education, 
civic and community development, 
arts and culture and environment and 
conservation. Since the inception of th
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through geographically focused U.S. 
Nonprofit grant programs. Employees 
logged 7,000 volunteer hours focused 
on projects supporting restoration and 
stewardship of our environment, which 
was a focus for our 100-year anniversary 
Global Weeks of Service.
Through the Ecolab Foundation’s 
Dollars for Doers and Board Leadership 
programs, employees can apply for 
grants to qualifying nonprofit agencies 
when they volunteer on their own time. 
In 2023, 1,130 grants were distributed 
under these programs totaling more 
than $157,000. 
Ecolab also recognizes the giving spirit 
of our employees and their desire to 
make financial contributions in their 
communities. Through the Global Ecolab 
Community Giving Program, t
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Volunteerism
Ecolab employees are engaged in making a difference in their communities. In 2023, 4,576 
individuals volunteered in at least one effort for an average of one volunteer hour per  
employee. This provided an approximate value of almost $1.3 million to local communities. 
Community partnerships
Solutions for Life is part of Ecolab's global offering to give back to local communities, 
helping enhance our mission to conserve water and improve hygiene around the world 
through collaborations with non-governmental organizations (NGOs), global philanthropy 
and employee volunteerism. Solutions for Life is funded by Ecolab through the Ecolab 
Foundation. Through Solutions for Life, Ecolab supports the work of s
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Disaster response
As the world’s leading supplier of 
cleaning and sanitizing products and 
solutions, Ecolab is proud of our in-
kind donation program which provides 
cleaning and sanitizing products to 
organizations in areas where natural 
disasters have occurred and for disaster 
preparedness. In 2023, $6.6 million worth 
of Ecolab products went to worldwide 
relief efforts in partnership with nonprofit 
World Emergency Relief. Ecolab product 
donations were distributed out of 
locations around the globe including 
Austria, Belgium, Canada, Chile, Poland, 
Italy, Slovenia, Spain, United Kingdom and 
the United States.
Measuring our impact
Annually, we solicit feedback via our 
Impact Survey to nonprofit grantees
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Hundreds of community impact events 
celebrate Ecolab’s 100th anniversary 
Ecolab supports programs and initiatives 
that protect people and nature in the 
communities in which we live and 
work. Each year, through volunteering, 
our associates log thousands of hours 
with organizations they care about, 
demonstrating our mission to support 
vital ecosystems and enable communities 
around the world to thrive. 
In 2023, Ecolab associates from 44 
countries, from all levels and divisions 
of the organization, volunteered 40,000 
hours in their local communities. In 
celebration of Ecolab’s 100th anniversary, 
a Global Weeks of Service event was held 
in June, when associates were invited to 
make a concerted effort to
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Building a positive future requires a collective effort. It is a mindset that propels 
us, our customers and our communities forward. Ecolab is committed to leading with 
our values and are driven to uphold ethical, inclusive and responsible policies and 
practices wherever we operate. 
Our ethical reputation is one of our greatest assets and alongside our governance 
structures, policies and practices, provides a solid foundation upon which we build 
trust with our stakeholders. We will continue to build on our legacy of doing great 
things for humanity in the right way, always. 
Moving forward, faster through 
strong governance practices
Governance
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Environment
Social
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Ecolab’s 2023 Growth & Impact Repo
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Ecolab’s Board of Directors (Board) is 
committed to maintaining a corporate 
governance structure that promotes 
long-term stockholder value and supports 
Ecolab’s efforts to create sustainable 
solutions to economic, environmental and 
social issues.
Board independence and diversity 
Our Corporate Governance Principles 
state that in selecting Board members, 
the Board values broad perspectives, 
backgrounds, experience and knowledge, 
demonstrated independent judgment, as 
well as diversity of business experience, 
gender and race. Under our existing 
board leadership framework, we have an 
independent Lead Director with robust 
responsibilities and a fully independent 
Governance Committee which is 
responsible
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as set forth in our Corporate Governance 
Principles. Our Board continually seeks 
to improve its performance. A formal 
evaluation of the Board and its committees 
is conducted on an annual basis and is 
led by the Governance Committee. Each 
committee’s results are discussed by the 
respective committee, and the Board 
reviews the results of the Board and 
committee evaluations.
Board's role in risk management 
and sustainability matters
The company’s growth is tied to its 
mission to support people health, 
planet health and business health. 
Risk management is an important part 
of protecting the company’s mission. 
The Board has various processes 
and procedures for oversight of 
risk management and directors are 
actively involved in the risk oversight 
function. The Board
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environmental, social and governance 
risks and opportunities primarily through 
the Safety, Health and Environment 
(SHE) Committee. The Board has had a 
separate standing SHE Committee since 
2011. The SHE Committee is responsible 
for many of the company’s sustainability 
policies, programs and practices that 
affect, or could affect, Ecolab employees, 
customers, stockholders and neighboring 
communities. These topics include 
safety topics, waste management and 
environmental topics, progress towards 
the UN Global Compact Business 
Ambition for 1.5°C and actions to 
implement the recommendations of the 
Task Force on Climate-related Financial 
Disclosures (or similar bodies). The 
Chief Sustainability Officer reports to the 
SHE Committee on the activities of the 
Susta
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and Governance Committees of the 
Board of Directors also address various 
environmental, social and governance 
matters, including disclosures regarding 
climate change, compliance matters, 
pay equity, review of labor force (with 
the goal of avoiding child and forced 
labor), political and trade association 
support and diversity. In addition to 
reports from these committees, the Board 
receives an annual presentation from 
the SHE Committee on the company’s 
progress against its sustainability goals 
and implementation of projects and 
related activities. Cybersecurity risk is 
monitored by the Audit Committee and 
the Board through risk assessments and 
reviews provided by management at 
least semiannually. Cybersecurity is also 
considered in the
Keyword: governance
governance practices and policies. 
Many of these practices are set forth in 
our Corporate Governance Principles 
(including Director Independence 
Standards), Committee Charters and 
Code of Conduct.
Corporate governance
8
average 
tenure in 
years
12
board 
members
92%
of directors are 
independent based on 
SEC and NYSE standards 
and Board’s 
Independence Standards
42%
of directors are 
diverse, based 
on gender, race 
and/or LGBTQ+ 
status 
40%
of committee 
chairs are 
diverse
61
years 
average age 
of directors
Ecolab’s 2023 Growth & Impact Report
88
Our Approach
Environment
Social
Governance
Appendix
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Contents
Our approach 
We are committed to upholding the 
highest legal and ethical standards, 
regardless of when and where we 
conduct
Keyword: governance
governance body members are required 
to certify compliance with the Code every 
year. Our annual goal is to have 100% of 
global employees, including all senior 
managers, complete a training course 
and certify compliance. In 2023, we had a 
99% global completion rate. 
Security of Ecolab facilities is performed 
by Ecolab employees and third-party 
personnel. All Ecolab employees serving 
as security personnel are required to 
complete Ecolab’s Code of Conduct 
training yearly and in the U.S., 100% 
completed the training in 2023. The 
Code of Conduct training does not apply 
to third-party organizations providing 
security personnel to Ecolab facilities.
The Code of Conduct training includes 
education on relevant laws and 
regulations to our emp
Keyword: governance
Governance
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Business security
Under Ecolab’s Code of Conduct, we 
require that employees protect Ecolab’s 
confidential information, as well as 
our customers’ and suppliers’. To help 
accomplish this, Ecolab has a privacy 
leader as well as an Enterprise Technology 
Solutions (ETS) Security team that partner 
to help protect confidential information 
and data. Ecolab has policies and 
procedures in place to help employees 
understand how to handle sensitive data. 
Employees are required to complete 
Enterprise Technology Security training 
on an annual basis. In addition, certain 
ETS security controls are put in place as 
additional measures. 
Advisory services
Ecolab requires oversight of advisors 
by requiring that the proc
Keyword: governance
governance and ethics regulations. Our 
annual compliance assessment is led by 
the Global Compliance department and is 
designed to identify legal and regulatory 
compliance risks in 15 risk areas, including 
the assessment of human rights issues. 
The assessment is aligned and reported 
to the internal Audit Services team 
as a part of their reporting process. 
Our annual Code of Conduct audit is 
completed by the Internal Audit Services 
team. Results from the assessment 
and audit are reported to the Audit 
Committee of the Board of Directors 
on an annual basis by Ecolab’s Chief 
Compliance Officer.
Business ethics
Ecolab’s 2023 Growth & Impact Report
90
Our Approach
Environment
Social
Governance
Appendix
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We monitor and identify i
Keyword: governance
Governance
Appendix
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Contents
Ecolab is committed to enhancing the 
well-being of people and communities 
around the world and has established 
formal policies and procedures to ensure 
human rights are respected across our 
global operations and supply chain.
Policy
Our Human Rights Policy outlines our 
commitment to upholding human rights 
globally. We believe in enhancing the 
well-being of people and communities 
around the world. The human rights of 
our employees and those that we do 
business with are respected across 
Ecolab’s global operations. We are 
committed to respecting international 
human rights standards, as defined by 
the UN Guiding Principles on Business 
and Human Rights which include the UN 
Universal Declaration of Human
Keyword: governance
Governance
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To meet our customers’ world‐class 
expectations, Ecolab has established 
appropriate policies and standards to 
ensure the quality of our products and 
the integrity of our operations. Suppliers 
are expected to continually increase the 
value to Ecolab in the areas of cost, 
quality, delivery, innovation, compliance 
and continuous improvement.
Ecolab’s business relationship with its 
suppliers is based on supplier policies as 
well as contracts or purchase order 
terms and conditions that are specific to 
supplier transactions with Ecolab.
Policies 
Ecolab’s Supplier Code of Conduct 
includes expectations around integrity, 
ethical and legal standards, compliance, 
confidentiality, gifts, gratuities and 
business
Keyword: governance
social, governance and business-relevant 
topics including, but not limited to, health 
and safety, ethics, employment practices, 
diversity, harassment, environmental 
policy and environmental sustainability, 
including energy consumption, 
greenhouse gas emissions, waste 
management and water consumption. 
Supplier relations
Ecolab’s 2023 Growth & Impact Report
93
Our Approach
Environment
Social
Governance
Appendix
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In parts of Ecolab’s business where 
there is an elevated risk of slavery 
and human trafficking, suppliers 
complete an additional assessment 
to verify compliance with Ecolab’s 
Ethical Sourcing Standards and related 
requirements. Ecolab has required such 
suppliers in the chemical, packaging, 
equipment and contract manufactur
Keyword: governance
Governance
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1.	 Help Ecolab achieve a 25% reduction in
Scope 3 emissions by 2030 from a 2022
base year1
2.	 Disclose progress through supplier
surveying mechanisms
3.	 Take action in their own operations to
demonstrate progress
Supplier engagement on 
environmental sustainability topics
Ecolab aims 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. 
We have begun directly engaging with 
suppli
Keyword: governance
Governance
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Supplier diversity
Ecolab is committed to hiring the best 
suppliers. Consistent with that principle, 
we also believe:
•	 The best teams and partners are inclusive
•	 Solving complex problems requires
diverse perspectives and experiences
•	 Driving our partner marketplace
to reflect such perspectives and
experiences makes our business more
attractive to customers, employees and
investors, and benefits the communities
in which we live work and serve
We define diverse suppliers as a small 
business as defined by U.S. Code of 
Federal Regulations (CFR) Title 13, 
Chapter 1, Part 121, or a supplier certified 
by one of the following organizations 
or agencies: National Minority Supplier 
Development Council (NMSDC), Na
Keyword: governance
social and governance considerations.
•	 Harnessing Ecolab's inclusive
employee resource groups (ERGs)
by leveraging the wealth of passion,
willing hands and local expertise to
lend to talent recruitment, retention
and development efforts.
Ecolab’s 2023 spend with diverse 
suppliers totaled around $331 million, 
or 8% of all U.S. procurement spend, 
a 26% year-over-year increase, and 
approximately 3.1x that of our 2020 
spend. In all, Ecolab conducted business 
with over 585 diverse suppliers in all 
categories of diverse spend in 2023.
This includes $109 million in spend 
with minority-owned businesses, $84 
million in spend with women-owned 
businesses, $151 million procured 
from certified small businesses and 
$7.6 million in spend from veteran-
owned supp
Keyword: governance
Governance
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Political contributions
Ecolab’s Political Contribution Policy 
provides an approval process for 
corporate political contributions by a 
committee of executives, as well as an 
annual review of the policy and political 
contributions by the Governance 
Committee of the Ecolab Board of 
Directors. In 2023, Ecolab Inc. contributed 
$50,000 to the Democratic Governors 
Association, $20,000 to the Republican 
Governors Association and $25,000 to the 
Republican State Leadership Committee/
Republican Leadership Campaign 
Committee.
Ecolab associates can also support the 
company’s political action committee, the 
Ecolab Inc. Political Action Committee 
(ECOPAC). ECOPAC, which is funded 
by voluntary contributions from E
Keyword: governance
Governance
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Involvement in trade associations
Ecolab, like most businesses, belongs to 
trade associations that support initiatives 
important to Ecolab’s business and our 
customers’ industries. We engage with
key trade associations to achieve 
the following:
•	 To better understand the policy and
regulatory environment that will impact
our business operations
•	 Advocate through the association
to ensure that views on matters
of importance to Ecolab and
our customers are adequately
communicated and represented to law
and policy makers
•	 To give Ecolab associates access to
educational, training and professional
networking opportunities
Ecolab joins trade associations that 
we feel will benefit our business and 
shareholders,
Keyword: governance
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 effectiveness and to 
determine if continued membership is 
appropriate. The committee escalates 
membership decisions to the CEO in 
situations in which the committee believes 
membership in a trade association could 
be materially misaligned with Ecolab’s 
stated values. The Governance Committee 
of the Board of Directors reviews Ecolab’s 
significant trade associati
Keyword: governance
Governance
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Contents
At Ecolab, the security of our systems 
and solutions is a top priority. Since 
2014, when the Ecolab cybersecurity 
program was established, we have 
continuously matured our cybersecurity 
program to proactively address evolving 
cybersecurity trends and risks. Ecolab 
has an Information Security Steering 
Committee (ISSC), a cross-functional 
team chaired by our Chief Information 
Security Officer (CISO).
Senior management provides in-depth 
reviews of cybersecurity matters to 
our Board of Directors and the Audit 
Committee. Cybersecurity is also 
considered in the annual enterprise 
risk assessment presented to the Board 
by management as part of the Board’s 
oversight of our enterprise risk 
management (ERM) p
Keyword: governance
Governance
Appendix
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Contents
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 t
Keyword: governance
Governance
Appendix
Our Approach
Environment
Social
About
Contents
Ecolab’s 2023 Growth & Impact Report
Appendix
Ecolab is steadfast in upholding our long-standing 
commitment to our stakeholders and business strategy, 
while aligning with respected global frameworks. Reporting 
publicly and consistently on our performance demonstrates 
our dedication to transparency and we are committed to 
obtaining third-party assurance of non-financial data to 
improve accountability and enhance stakeholder confidence 
in our reporting.
Transparency through 
recognized frameworks
101
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Social
Governance
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Market-based indirect (Scope 2) emissions	
179,199	
88,353	
68,404	
77,756
Location-based Indirect (Scope 2) emissi
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Governance
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Performance data
*2022 is the base year for Ecolab's Scope 3 GHG emissions data	
	
4,387,027		
877,226	
	
606,835	
	
154,193	
	
99,701	
	
87,427	
	
81,128	
	
43,108	
	
48,873	
	
19,115		
1,475	
	
5,354,099		
1,052,009
		
6,406,108
Other indirect 
(Scope 3)
GHG emissions
(MT CO2e)
Emissions	
2022*	
2023								
•
The scope of business travel emissions is global. Defra 2022 
emissions factors were used to calculate Scope 3 business 
travel emissions. Data on air, rail and vehicle mileage is 
supplemented by procurement spend data where gaps in 
mileage data exist. Supplementary spend data is assessed 
using Environmentally Extended Economic Input Output (EEIO) 
analysis, applying factors from US EPA Supply Chain GHG
Keyword: governance
Governance
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Emissions	
2021	
2022	
2023
Asia Pacific	
0.002	
0.148	
0.050
Europe	
-	
-	
-
Greater China	
-	
-	
-
India, Middle East, Africa	
-	
-	
-
Latin America	
-	
-	
-
North America	
-	
-	
-
Total	
0.002	
0.148	
0.050
Asia Pacific	
27.5	
26.2	
15.9
Europe	
109.1	
105.5	
36.3
Greater China	
1.1	
1.0	
1.4
India, Middle East, Africa	
3.6	
3.6	
3.9
Latin America	
3.9	
4.0	
5.4
North America	
169.3	
176.7	
220.6
Total	
314.5	
317	
283.5
Asia Pacific	
0.76	
0.54	
0.41
Europe	
1.64	
1.55	
1.34
Greater China	
0.15	
0.23	
0.02
India, Middle East, Africa	
0.78	
1.71	
1.83
Latin America	
0.25	
0.41	
0.05
North America	
1.71	
1.76	
1.99
Total	
5.29	
6.20	
5.64
NOx emissions intensity	
0.000110	
0.000109	
0.000099
SOx emissions intensit
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Energy use intensity	
0.0023	
0.0023	
0.0024
Electricity use intensity	
0.0005	
0.0005	
0.0005
Electricity sold	
6,784	
7,356	
11,478
Natural gas	
2,845,827	
2,883,535	
3,122,425
Gasoline	
1,553,489	
1,579,705	
1,571,920 
Diesel	
505,657	
513,814	
379,793 
LPG	
12,117	
14,408	
37,646
Ethanol	
3,916	
5,805	
10,526
Distillate fuel oil (#1, 2, 4)	
6,590	
9,833	
8,583
Residual fuel oil (#5, 6)	
1,936	
1,294	
3,382 
Total	
4,929,532	
5,008,394	
5,134,275 
Electricity	
566,412	
563,033	
495,345
Steam	
196,461	
220,724	
230,677
Purchased chilled water	
6,530	
7,183	
7,922
Solar	
753	
2,265	
3,637
Total	
770,156	
793,205	
737,581
Asia Pacific	
175,261	
-	
118,473
Europe	
236,965	
6,227,364	
706,278
Greater China	
-	
-	
-
In
Keyword: governance
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Municipal water or other water utility	
9,421,505	
7,950,573	
8,521,183	
8,372,620
Groundwater	
1,114,809	
1,231,573	
1,284,702	
968,056
Surface water	
1,248,413	
1,083,367	
758,506	
782,068
Rainwater	
4,463	
12,640	
30,772	
37,430
Wastewater from another organization	
-	
482	
-	
-
Total	
11,789,190	
10,278,635	
10,595,163	
10,160,174
Municipal water or other water utility	
3,759,328	
3,659,936	
3,947,545	
5,032,050
Surface water	
517,323	
480,361	
346,441	
375,969
Groundwater	
184,198	
167,617	
118,390	
26,692
Rainwater	
-	
-	
-	
36,076
Total	
4,460,849	
4,307,914	
4,412,376	
5,470,607
2,525,519	
1,735,017	
1,857,684	
2,445,700
730,117	
432,632	
413,280	
735,840
Water discharge intensity	
3.02	
3.00	
3.00	
2.29
Tot