Primo Water Releases 2023 Sustainability Report

Core Insights - Primo Water Corporation released its 2023 Sustainability report, highlighting significant progress in its sustainability initiatives and commitment to environmental goals [1][2] Sustainability Achievements - Conducted over 240,000 annual quality control analyses and tests across various operational aspects [2] - Saved over 6 million gallons of water following the installation of a new high-efficiency line in the Los Angeles plant [3] - Delivered over 130,000 training hours for employees, achieving a 47% reduction in plant injuries [3] - Increased supplier diversity spending by 140% [3] - Achieved a 25% reduction in CO2 emissions compared to the baseline year and received CarbonNeutral certification [3][5] - Advanced its low-carbon fleet, with 14% of the North American beverage route truck fleet now powered by propane [3] Operational Efficiency - Reduced 2.4 million miles driven since 2021 through Automatic Route Optimization (ARO) [4] - Donated over $1 million through product donations, community giving, and in-kind engagement [4] Reporting Standards - The 2023 ESG report is aligned with Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) standards, and United Nations Sustainable Development Goals (SDGs) [4] Business Model - Primo Water operates under a recurring revenue model in the large format water category, focusing on innovative water dispensers sold through approximately 11,350 retail locations [6] - The company’s offerings include Water Direct, Water Exchange, and Water Refill, promoting sustainable hydration solutions [6][7] - The company aims to expand consumer access to purified, spring, and mineral water while reducing plastic waste [8]