| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| Bloomberg ticker | WTS US |
| ISIN code | US9427491025 |
| Industry group | Capital Goods |
| Aligned with SDGs |
Watts Water is a US company producing systems that conserve and safeguard the flow of fluid and energy in buildings. Founded in 1874 by Joseph Watts, the company employs around 5,100 people and has a market capitalisation of EUR 7.0 billion. Watts' product portfolio includes water flow control products such as water pressure regulators, HVAC products such as boilers and drainage, water re-use products and water quality products such as filtration and conditioning.
Investment rationale
Watts' products enable access to water, ensure water safety and mitigate water leakage. Water leakage is high in the US, as 30% of treated water is lost in the system with almost 250,000 water main breaks a year. Combined with increasing droughts in the US due to climate change, responsible use of water becomes more important. Improvement in water infrastructure and water leakage detectors would help to save large quantities of water. Watts offers technologies to measure water usage, detect leakages and disinfect water. The company contributes to a more efficient use of water and thus to better conservation of a scarce resource.
In total 71% of the revenues of the company is aligned with the Resource transition. The contribution to this transition comes from 71% of revenues related to the impact objective Sustainable Water and Wastewater Management.