It’s the end of the 2nd quarter and this is a great Social Responsible Investment stock to buy for the mid-year.
Ecolab Inc (NYSE:ECL) is the global leader in water, hygiene and energy technologies. In 2018, Ecolab helped companies at nearly 3 million locations around the world:
- Conserve more than 188 billion gallons of water, equivalent to the annual drinking needs of 650 million people. Ecolab is ahead of schedule toward reaching its 2030 goal of saving 300 billion gallons of water. This is equal to the needs of one billion people.
- Save 19 trillion British thermal units (BTUs) of energy
- Avoid 2.4 billion pounds of greenhouse gas emissions
- Eliminate 54 million pounds of waste
This is a great Social Responsible Investment stock to buy because it has increased by 57% and year over year. On average it’s increased 10% per year.
Ecolab has also ranked 34th on Corporate Knight’s list of World’s Most Sustainable Corporation.
Why invest in this Social Responsible company?
The reason to invest in a global water company is simple: WE NEED WATER. We need water to survive and many of us take water for granted. We think there is unlimited water supply that comes out of our taps but it isn’t all clean and usable.
What are the challenges in the world right now?
According to Groundwater Association, only 0.3% of water is usable by humans. Even though 71% of our planet is covered in water. Water is actually a rare commodity and should be treated like any other natural resource like gold and silver.
The global usage of water is exponentially increasing every year. According to UN Water, our “water use has been growing globally at more than twice the rate of population increase in the last century”. There are many opportunities for organizations to solve this current epidemic. They state that “Integrated water resources management provides a broad framework for governments to align water use patterns with the needs and demands of different users, including the environment.”
What is the Social Responsible Business Model?
The business model of Ecolab is quite simple. They work with global giants as customers and provide their expertise in water as a solution. To summarize a few of their business segments:
Global industrial customers – Ecolab provides water treatment and cleaning and sanitizing solutions primarily to large industrial customers. Their customers include manufacturing, food and beverage processing, chemical, mining and pharmaceutical manufacturers.
Global Institutional customers – Ecolab also provides specialized cleaning and sanitizing products. Their key customers include foodservice, hospitality, lodging, healthcare, government, education, and retail industries.
Ecolab is a great Social Responsible Investment stock to purchase and will be a great asset for the coming years.