Sub-theme: Wastewater treatment and water provision
Veralto manufactures tools and equipment for managing, testing, protecting and treating water supplies as well as providing traceability and testing services for food and pharmaceutical products. The Water Quality segment offers water treatment chemicals as well as physical treatment technologies such as UV disinfection and reserve osmosis filtration.
Impact Score: 23%
Veralto sells to markets around the world including a quarter of revenues coming from high growth markets in Africa, the middle-east, Latin America and Asia. The company’s water quality products represent 60% of sales and are used to ensure clean drinking water for 40% of the world’s population. Their products and services also help to save 80bn gallons of water annually through improved water efficiency and treat and recycle 12trn litres of water each year.
Fundamental Quality: 66%
Veralto was spun out of Danaher in 2023 and has many quality characteristics of its former parent. The company’s main market for water quality treatment and services is growing due to increasing pressure on scarce water resources and for higher treatment standards on contaminated water. The company has its Veralto Enterprise System (based on the Danaher Business System) to drive operational improvements and has a strong approach to managing material environmental, social and governance issues in its business.
(per £1m invested in this company FY23)
- Plastic waste from product packaging
- Use of hazardous chemicals in water treatment
- Greenhouse gas emissions and water use in product manufacturing