On the 40th anniversary of Earth Day, ITT Corporation celebrates its recent efforts and achievements to safeguard our planet’s climate, communities and resources. Recognized first in its industry by Newsweek’s 2009 Global Green Rankings, ITT has demonstrated its commitment to sustainability by developing new efficient products and technologies; reducing its consumption of natural resources and generation of waste and emissions; and engaging employees in environment-focused volunteer efforts.
“A concerted and collective focus on sustainability is essential to the long-term success of our business,” said Steve Loranger, ITT chairman, president and chief executive officer. “ITT focuses on minimizing our environmental impact while applying our technologies to deliver innovative products that address issues like climate change and water scarcity.”
ITT employees around the world donate their time and talent to support environmental causes in their communities. Most recently, during ITT’s Global Impact Month in March 2010, more than 2,000 ITT employees participated in fundraising, awareness and volunteer events through ITT Watermark, the company’s signature corporate citizenship program. Events ranged from a local river cleanup in Columbia, Md., to a water information fair in Glostrup, Denmark, to a “water walk” at ITT’s headquarters in White Plains, N.Y. Year-to-date, ITT employees have raised more than $750,000, including the company’s match, for ITT Watermark non-profit partners – Water For People, Mercy Corps and China Women’s Development Foundation – in order to provide safe water to children and families in need.
Environmental considerations are also a key part of ITT’s business strategy. Its portfolio includes technology that will help the U.S. aviation industry reduce CO2 emissions, help communities recycle and reuse every drop of water and measure and monitor greenhouse gas emissions with unprecedented accuracy and scope. For example, ITT recently announced that it will be applying its innovative technologies to improve the energy efficiency of wastewater treatment plants in Chongqing, the largest city in Western China.
Within its internal operations, over the past five years ITT has achieved a 35 percent decline in the intensity of electricity consumption and reduced its water footprint by 30 percent. ITT is working to achieve an additional five percent decrease in its consumption of electricity, natural gas and water, and generation of non-hazardous waste, hazardous waste and greenhouse gases.
Externally, ITT works with industry leaders to promote greater measurement of environmental impacts. In collaboration with the World Business Council on Sustainable Development, ITT contributes to the Global Water Tool, a free online resource that helps companies – including ITT – assess their water footprint. In addition, through its partnership with the Stockholm Junior Water Prize, ITT engages youth to solve challenges related to the future water environment.
To learn more about ITT’s role in developing sustainable solutions to pressing environmental issues and efforts to minimize its environmental impact, see its 2008-2009 Corporate Responsibility Report, which is available online at: www.itt.com/responsibility.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company generated 2009 revenue of $10.9 billion.