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Subjects: SVY, CSR, ESG

RHEEM® FAMILY OF BRANDS ANNOUNCES IMPACT IN SUSTAINABILITY


Annual Progress Report Showcases Results Through Intelligent Products, Responsible Processes and Training Practices

ATLANTA, June 27, 2024 /PRNewswire/ -- Rheem®, the Atlanta-based manufacturer of water heating and HVAC products, released its fifth annual Sustainability Progress Report highlighting advancements in the ongoing global initiative, A Greater Degree of Goodtm.

"Rheem's commitment to excellence has propelled us ? and our industry ? forward," said Chee Wee Gan, senior vice president, strategy and sustainability, Rheem. "Environmental initiatives will continue to be the guiding force in everything we do."

The newly released report showcases Rheem's progress within multiple focus areas.

Designing and Manufacturing Intelligent Products

Rheem has made significant strides toward the goal of introducing heating, cooling and water heating products that reduce greenhouse gas (GHG) emissions. As of 2023, Rheem avoided 31.95M metric tons of CO2e through the sale of its higher efficiency products over the last four years.

The 2023 initiatives include studying the environmental impacts of products through lifecycle analysis, from materials sourcing, manufacturing and end of life. Specifically, gathering data driven insights on the environmental footprint of heat pump water heaters compared to other products.

Additional efforts include succeeding in the US Department of Energy's Cold Climate Heat Pump Technology Challenge, as well as the formation of the Sustainable Packaging Task Force and continued partnership with ENERGY STAR® to designate energy-efficient offerings.

Reducing Greenhouse Gas Emissions

Rheem's global manufacturing facilities continue to prioritize Zero Waste to Landfill (ZWTL) and responsible manufacturing processes across all sites.

Training Trade Partners

Rheem's trade partners across the globe play a critical role in improving Rheem's collective impact on the environment. In 2022, Rheem achieved its 2025 goal by training 250,000 plumbers, contractors, and influencers on sustainability practices. Rheem had more than 170,000 additional training participants in 2023, a 55% increase in trainings hosted since 2022.

The opening of new Innovation Learning Center (ILC) facilities in Utrecht, Netherlands, and Fort Smith, Arkansas, boosted Rheem's global ILC count to 24 facilities, furthering these efforts. In addition, 2023 saw the development of a sustainability training e-learning course for global employees.

Since the program's inception in 2019, Rheem has proactively implemented an array of environmentally focused programs and solutions in North America and abroad. Comprehensive updates on Rheem's A Greater Degree of Good efforts are provided annually in Rheem's Sustainability Progress Report at www.rheem.com/progress.

About Rheem®
Founded in 1925, Rheem Manufacturing is a global leader committed to delivering innovative products that save energy and support a more sustainable future. Rheem is the only manufacturer in the world that produces heating, cooling, water heating, pool & spa heating and commercial refrigeration products, and is America's #1 water-heating brand with products available in more than 80 countries. Paloma Co., Ltd. of Nagoya, Japan, acquired the iconic Rheem brand in 1988, and today the company's portfolio of premium brands include Rheem®, Ruud®, Friedrich®, Raypak®, Sure Comfort®, WeatherKing®, Eemax®, Richmond®, IBCtm, Intergas®, Splendid®, Solahart®, EverHot®, and MHGtm, as well as commercial refrigeration brands Russell®, Witt®, ColdZone® and Kramer®, which are part of the Heat Transfer Products Group (HTPG®) division.? 

SOURCE Rheem



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