Xylem Inc. (NYSE:XYL), a leading global water technology company focused on addressing the world’s most challenging water issues, in partnership with Mercy Corps and Planet Water Foundation, announced today it is providing safe water and sanitation solutions to support survivors of Typhoon Haiyan in the Philippines.
This collaborative response is part of Xylem Watermark SM , the company’s corporate citizenship and social investment program which aims to provide and protect clean water sources around the world – for those impacted by water scarcity or are at risk due to water-related disasters such as hurricanes, floods and droughts. Since 2008, Xylem Watermark has worked specifically with Mercy Corps to provide lifesaving water before, during and after emergencies, and since 2012, has partnered with Planet Water Foundation to provide innovative, gravity-fed water filtration systems (AquaTowers) to communities in need. These AquaTowers can be constructed in one day, can provide clean water for more than 1,000 people daily, and can be maintained exclusively by local communities.
In preparation for Typhoon Haiyan’s landfall in the Philippines, Xylem Watermark and Mercy Corps activated their joint 24-hour response protocol, designed to mobilize each partner’s global resources to quickly secure water for victims. Xylem Watermark immediately authorized US $100,000 from its emergency response fund to support Mercy Corps with on-the-ground efforts in and around Cebu.
The partners are working rapidly to assess damages, mobilize response teams, source basic needs such as food and other essential items, and will work to provide water and sanitation to displaced individuals as quickly as possible. Xylem also announced the company will double match all employee donations to Mercy Corps, up to US $50,000, to support Philippines relief efforts.“We are deeply saddened by the devastation caused by Typhoon Haiyan," said Steve Loranger, chief executive officer and president of Xylem. "In the wake of such catastrophic damage, water and sanitation are often among the greatest needs, and so we are proud to partner with Mercy Corps and Planet Water Foundation to support critical efforts on the ground in the Philippines."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV