Energy Recovery was awarded the best ESG reporting (small to mid-cap) trophy at the IR Magazine Awards – US 2022 only two years since it formally started its ESG journey.
Meredith Callahan, Energy Recovery’s director of ESG, told IR Magazine on the red carpet at the gala event in New York that the California and Texas-based company really undertook the work to identify the most material topics for its investors and other stakeholders in the past year. ‘Through that we were able to identify the top 14 areas to focus on, then from there narrow it down to specific goals with quantitative targets,’ she said.
The firm’s ESG program paved the way for sustainable growth through new products in industrial wastewater treatment and refrigeration while significantly reducing energy costs and emissions. Callahan said Energy Recovery’s focus was to work with its cross-functional ESG management team to achieve its ambitions.
Jim Siccardi, vice president of IR at Energy Recovery, also attended the glittering awards ceremony on March 31. He urged IR peers to be ‘proactive’ in getting their ESG messaging out. ‘If we did all this work in a silo, it wouldn’t benefit anyone,’ he said. ‘The more you talk to your investors and the more you explain your strategies and explain how it’s going to benefit all your stakeholders, the better everyone is.’