logo
Primo Brands Releases Inaugural Sustainability Report Underscoring Commitment to Healthy Hydration and Environmental Stewardship

Primo Brands Releases Inaugural Sustainability Report Underscoring Commitment to Healthy Hydration and Environmental Stewardship

Cision Canada15-05-2025
TAMPA, Fla. and STAMFORD, Conn., May 15, 2025 /CNW/ - Primo Brands, a leading North American branded beverage company, today announced the release of its inaugural 2024 Sustainability Report. The report highlights progress towards previously released goals and the newly combined organization's go-forward sustainability priorities. Primo Brands' mission is to Hydrate a Healthy America™ by providing quality drinking water responsibly, through water and environmental stewardship, circular packaging including reuse and refill, and investing in people and communities.
"We are proud to launch our inaugural sustainability report as a unified organization," said Robbert Rietbroek, Chief Executive Officer of Primo Brands. "This report reflects our go-forward strategy to meet the healthy hydration needs of millions while advancing water and environmental stewardship, circular packaging solutions, and community-focused initiatives. It's an important milestone in our journey as we continue to deliver healthy hydration sustainably and to create value for our communities, customers, and the planet."
As part of its strategy, Primo Brands' 2024 Sustainability Report underscores four key focus areas:
Water Stewardship: Primo Brands strives to enhance the responsible management of water resources by working closely with regional and local communities -- ultimately supporting the availability of high-quality drinking water for the long-term.
Circular Packaging: Primo Brands' intentional efforts when it comes to its packaging include a circular approach: thinking through the full life cycle of packaging, including design, materials used, usability and recycling, as well as its reuse and refill network for 3- and 5-gallon bottles.
Greenhouse Gas Emissions Reduction: This area is comprised of Primo Brands' efforts to reduce emissions from its transportation and electricity utilization and collaborate with packaging suppliers and third-party carriers to drive reduction within its supply chain.
People and Community: Primo Brands aims to be an employer of choice by helping to support its associates' growth and serving as a force for good in local communities through environmental stewardship, education, advocacy and support before and during times of crisis.
A Journey Into the Future
The report also introduces a new 10-year sustainability roadmap to achieve goals set forth by the organization. Goals include:
Water Stewardship:
Invest in high-priority watersheds
Aim to replenish 100% of water used or displaced by Primo Brands' bottling operations by 2035
Aim to increase water efficiency by 27%, resulting in 348 million gallons saved
Circular Packaging:
Aim to design 100% of beverage packaging to be recyclable, reusable or compostable by 2035
Aim for 50% of our beverage packaging to be made from recycled or renewable materials in 2035.
Aim to increase the volume share of gallons sold through reusable solutions to 33% or more by 2030
Aim for zero waste to landfill at all factories by 2035
People & Communities:
Strive for zero accidents and injuries
Aim to reduce voluntary turnover by 10% by 2025
Aim for 100% of associates to receive a performance review annually
Aim to donate on average 1MM+ 12L case equivalents of water each year
Greenhouse Gas Emissions Reduction:
Aim to set Scope 1 & 2 energy intensity goals for our factories in 2025
Aim to execute identified opportunities from 2024 energy audit in top 8 factories by 2026
Aim to save 10 million miles in 2025 through route optimization
Aim to increase the percentage of trucks in fleet powered by alternative fuels
Aim to reduce Scope 3 packaging emissions through recycled content and reuse
"Our sustainability goals are ambitious by design, and they reflect the urgency of the challenges we face and our belief that business can and should be a force for good," said Charles Fogg, Chief Sustainability Officer at Primo Brands. "Sustainability is foundational to who we are. These goals help us build on that foundation with greater clarity, alignment, and accountability, as we continue to lead with purpose and measurable impact."
The report was developed using the Sustainable Accounting Standards Board (SASB) Index (non-alcoholic beverage industry standards).
For more information on Primo Brands' sustainability progress, please view the full report at primobrands.com/sustainability/.
Note: In 2018, approximately 29.1% of PET bottles & jars were recycled across the United States. Recycling rates of PET vary across regions and recycling programs with bottle deposit return systems achieving the highest recycling rates up to 2.5 times the national average. Existing forms of mechanical recycling diminish the quality of plastic with each recycling attempt, although work is being done to try to find ways in which recycling might restore this quality.
About Primo Brands
Primo Brands is a leading North American branded beverage company focused on healthy hydration, delivering responsibly sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed in every U.S. state and Canada.
Primo Brands has a comprehensive portfolio of highly recognizable and conveniently packaged branded water and beverages that reach consumers whenever, wherever, and however they hydrate through distribution across retail outlets, away from home such as hotels and hospitals, and food service accounts, as well as direct delivery to homes and businesses. These brands include established "billion-dollar brands" Poland Spring® and Pure Life®, premium brands like Saratoga® and The Mountain Valley®, regional leaders such as Arrowhead®, Deer Park®, Ice Mountain®, Ozarka®, and Zephyrhills®, purified brands including Primo Water™ and Sparkletts®, and flavored and enhanced brands like Splash Refresher™ and AC+ION®. Primo Brands also has an industry-leading line-up of innovative water dispensers, which create consumer connectivity through recurring water purchases.
Primo Brands operates a vertically integrated coast-to-coast network that distributes its brands to more than 200,000 retail outlets, as well as directly reaching consumers through its Direct Delivery, Exchange and Refill offerings. Through Direct Delivery, Primo Brands delivers responsibly sourced hydration solutions direct to home and business customers. Through its Exchange business, consumers can visit approximately 26,500 retail locations and purchase a pre-filled, multi-use bottle of water that can be exchanged after use for a discount on the next purchase. Through its Refill business, consumers have the option to refill empty multi-use bottles at approximately 23,500 self-service refill stations. Primo Brands also offers water filtration units for home and business customers across North America.
Primo Brands is a leader in reusable beverage packaging, helping to reduce waste through its multi-serve bottles and innovative brand packaging portfolio, which includes recycled plastic, aluminum, and glass. Primo Brands has a portfolio of over 90 springs and actively manages water resources to help assure a steady supply of quality, safe drinking water today and in the future. Primo Brands also helps conserve over 28,000 acres of land across the U.S. and Canada. Primo Brands is proud to partner with the International Bottled Water Association ("IBWA") in North America, which supports strict adherence to safety, quality, sanitation, and regulatory standards for the benefit of consumer protection. Primo Brands is committed to supporting the communities it serves, investing in local and national programs and delivering hydration solutions following natural disasters and other local community challenges.
Primo Brands employs more than 13,000 associates with dual headquarters in Tampa, Florida, and Stamford, Connecticut.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

enCore Energy Corp. Announces Proposed Offering of $75 Million of Convertible Senior Notes Due 2030
enCore Energy Corp. Announces Proposed Offering of $75 Million of Convertible Senior Notes Due 2030

Cision Canada

time27 minutes ago

  • Cision Canada

enCore Energy Corp. Announces Proposed Offering of $75 Million of Convertible Senior Notes Due 2030

DALLAS, Aug. 19, 2025 /CNW/ - enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the "Company" or "enCore"), America's Clean Energy Company™, announced today that it intends to offer, subject to market and other conditions, $75 million in aggregate principal amount of convertible senior notes due 2030 (the "Convertible Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In connection with the offering of the Convertible Notes, enCore expects to grant the initial purchasers of the Convertible Notes a 13-day right to purchase up to an additional $11.25 million aggregate principal amount of Convertible Notes. The Convertible Notes will be senior unsecured obligations of enCore, will bear interest payable semi-annually in arrears and will mature on August 15, 2030, unless earlier repurchased, redeemed or converted in accordance with their terms. Holders will have the right to convert their Convertible Notes in certain circumstances and during specified periods. The Company will settle conversions either in cash, common shares or in a combination of cash and common shares. enCore may redeem for cash all or any portion of the Convertible Notes, at its option, at any time, and from time to time, on or after August 21, 2028, and on or before the 40th scheduled trading day immediately before the maturity date, if the last reported sale price per common share exceeds 130% of the conversion price for a specified period of time. In addition, the Convertible Notes will be redeemable, in whole and not in part, at enCore's option at any time in connection with certain changes in tax law. The redemption price will be equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The interest rate, initial conversion rate and other terms of the Convertible Notes will be determined at the time of the pricing of the offering. enCore intends to use a portion of the net proceeds from the offering of the Convertible Notes to pay the cost of entering into capped call transactions in connection with the Convertible Notes. The Company intends to use the remainder of the net proceeds from the Convertible Notes offering to repay amounts outstanding under its loan agreement and for general corporate purposes. If the initial purchasers exercise their option to purchase additional Convertible Notes, enCore intends to use a portion of the additional net proceeds to pay the cost of entering into additional capped call transactions and the remainder of net proceeds for general corporate purposes. The capped call transactions would be privately negotiated with certain financial institutions (the "option counterparties"). The capped call transactions are expected to cover, subject to anti-dilution adjustments, the number of common shares initially underlying the Convertible Notes, including any additional Convertible Notes issuable upon exercise of the initial purchasers' option to purchase additional Convertible Notes. The capped call transactions are expected generally to reduce the potential dilution to enCore's common shares upon any conversion of the Convertible Notes and/or offset any cash payments enCore is required to make in excess of the principal amount of converted Convertible Notes, as the case may be, with such reduction and/or offset subject to a cap. In connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to enCore's common shares and/or purchase common shares concurrently with or shortly after the pricing of the Convertible Notes. This activity could increase (or reduce the size of any decrease in) the market price of the Company's common shares or the Convertible Notes at that time. In addition, the option counterparties or their respective affiliates expect to modify their hedge positions by entering into or unwinding various derivatives with respect to enCore's common shares and/or purchasing or selling enCore's common shares or other securities following the pricing of the Convertible Notes and prior to the maturity of the Convertible Notes (and are likely to do so during the observation period related to any conversions of the Convertible Notes on or after May 15, 2030, or following early termination of any portion of the capped call transactions in connection with any repurchase, redemption or early conversion of the Convertible Notes). This activity could also cause or avoid an increase or decrease in the market price of enCore's common shares or the Convertible Notes, which could affect the holders' ability to convert the Convertible Notes and, to the extent the activity occurs during any observation period related to a conversion of the Convertible Notes, it could affect the amount of cash and/or the number and value of common shares, if any, that holders will receive upon conversion of the Convertible Notes. The Convertible Notes will be offered only to persons reasonably believed to be "qualified institutional buyers" under Rule 144A of the Securities Act. The Convertible Notes and enCore's common shares issuable upon conversion of the Convertible Notes, if any, have not been and will not be registered under the Securities Act, or any state securities laws, or qualified by way of a prospectus in any province or territory of Canada. As a result, neither the Convertible Notes nor any common shares issuable upon conversion of the Convertible Notes may be offered or sold in the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws, and may not be offered or sold to persons located or resident in Canada except pursuant to an exemption from the prospectus requirements of applicable Canadian securities laws. This news release is neither an offer to sell nor a solicitation of an offer to buy the Convertible Notes or any common shares issuable upon conversion of the Convertible Notes, nor will there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About enCore Energy Corp. enCore Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only United States uranium company with multiple Central Processing Plants in operation. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. Following upon enCore's demonstrated success in South Texas, future projects in enCore's planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The Company holds other assets including non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments. Cautionary Note Regarding Forward Looking Statements Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Any statements contained in this press release that are not based on historical facts, including statements about the offering, the intended use of proceeds, the terms of the Convertible Notes, the capped call transactions, third parties entering into or unwinding derivative transactions with respect to the Company's common shares and/or purchasing or selling the Company's common shares, and the potential impact of the foregoing on dilution to enCore's shareholders or the offset of any cash payments enCore is required to make in excess of the principal amount of converted Convertible Notes, the market price of the Company's common shares or the Convertible Notes or the initial conversion price of the Convertible Notes, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by such words as "will", "expects", "plans", "believes", "intends", "estimates", "projects", "continue", "potential", and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", or "will" be taken. These forward-looking statements are predictions reflecting the best judgment of senior management and reflect our current expectations regarding the offering, the intended use of proceeds, the terms of the Convertible Notes, the capped call transactions, third parties entering into or unwinding derivative transactions with respect to enCore's common shares and/or purchasing or selling the Company's common shares, and the potential impact of the foregoing on dilution to enCore's shareholders or the offset of any cash payments enCore is required to make in excess of the principal amount of converted Convertible Notes, the market price of enCore's common shares or the Convertible Notes or the initial conversion price of the Convertible Notes. These expectations may or may not be realized. Some of these expectations may be based on beliefs, assumptions or predictions that may prove to be incorrect. In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or otherwise materially affect our business, financial condition, results of operations, cash flows and liquidity. Such risks and uncertainties include, but are not limited to, the risks related to whether enCore will consummate the offering of the Convertible Notes on the expected terms or at all, the anticipated terms of, and the effects of entering into, the capped call transactions, third parties entering into or unwinding derivative transactions with respect to enCore's common shares and/or purchasing or selling enCore's common shares, market and general conditions, and those described in greater detail in our filings with the Securities and Exchange Commission, particularly those described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the respective securities commissions which are available online at and Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

MetricAid Announces Appointment of Board of Directors to Support Accelerated Growth and Global Expansion
MetricAid Announces Appointment of Board of Directors to Support Accelerated Growth and Global Expansion

Cision Canada

time27 minutes ago

  • Cision Canada

MetricAid Announces Appointment of Board of Directors to Support Accelerated Growth and Global Expansion

NORTH BAY, ON, Aug. 19, 2025 /CNW/ - MetricAid is proud to announce the formal appointment of its new Board of Directors. This exceptional group of industry leaders brings unparalleled expertise across healthcare, technology, operations, and corporate governance - a significant milestone as the company enters its next phase of accelerated growth and international expansion. The newly appointed Board comprises: Paul Tsaparis, former Board Chair of York University, former CEO and President of Hewlett-Packard Canada and currently a board member of Teranet, Metrolinx and Indspire. Mr. Tsaparis is a recognized leader in Canadian technology and innovation with extensive board experience in both public and private sectors. His deep understanding of growth-stage companies is a tremendous asset to MetricAid's long-term success. Eugene Roman, former Chief Technology Officer of Canadian Tire and OpenText, current Executive-in-Residence at the Schulich School of Business for AI and a renowned figure in enterprise digital transformation. Mr. Roman brings decades of experience in IT strategy, cybersecurity, and large-scale systems architecture. Dr. Mark Schweitzer, internationally respected radiologist and current Special Associate for Public Health, is planning the New School of Public Health at Wayne State University. Dr. Schweitzer offers deep clinical insight and a global healthcare perspective that aligns with MetricAid's commitment to physician-centred scheduling. Dr. Schweitzer has published more than 400 peer-reviewed papers with more than 27000 citations. Mark Fam, President & CEO of Oak Valley Health, one of Canada's leading healthcare institutions. With extensive leadership in hospital operations, Mr. Fam strengthens MetricAid's strategic alignment with public health systems and complex care environments. Warren Urquhart, currently Governance Counsel for Toronto Hydro, is licensed to practice Law in Ontario and New York. Warren sits as a current member of the Publications Advisory Board of the International Association of Privacy Professionals, directing content and coverage of global privacy law and AI Governance developments. In addition, Warren is an executive of both the Canadian Bar Association and the Ontario Bar Association's Privacy and Access to Information Bar Executive. "The calibre of leadership now guiding MetricAid is a testament to both our past performance and our future ambitions," said Lora Webb, CEO of MetricAid. "We are thrilled to welcome directors whose influence spans global healthcare, world-class technology, and high-growth operations. We are more prepared than ever to shape the future of physician scheduling." MetricAid's mission: Revolutionize Emergency Medicine Scheduling For more information or to request interviews, please contact: About MetricAid

Fisher Investments Receives Multiple 2025 Top Workplace Honors
Fisher Investments Receives Multiple 2025 Top Workplace Honors

Cision Canada

timean hour ago

  • Cision Canada

Fisher Investments Receives Multiple 2025 Top Workplace Honors

PLANO, Texas, /CNW/ -- Fisher Investments, one of the world's largest independent, fee-only investment advisers, received three honors from Top Workplaces, including being named to the 2025 Top Workplaces USA list. In addition, Fisher Investments received Top Workplaces' honors for Compensation & Benefits and a 2025 Top Workplace in Financial Services. Leading employer research firm Energage manages the Top Workplaces USA program, which recognizes organizations with a people-first culture of excellence. "These recognitions reflect our steadfast commitment to fostering a workplace culture of excellence for our employees," said Fisher Investments' CEO Damian Ornani. "We take great pride in creating an atmosphere where employees can thrive, which enables us to better serve more clients around the world." Top Workplaces USA recognition is based on feedback from the firm's thousands of US-based employees. Energage anonymously surveyed employees on 15 culture drivers, measuring aspects of workplace culture such as employee engagement, confidence in leadership, training and benefits. Scoring well indicates a healthy and productive culture, highly engaged employees and superior business results. To participate, companies must have at least 150 employees and achieve a survey response rate of 35% or higher. Companies with the highest overall scores in each size category qualify as Top Workplaces. The Top Workplaces for Compensation & Benefits award celebrates organizations that provide employees not only with material rewards but also with the appreciation for their work. About Fisher Investments Founded in 1979, Fisher Investments is an independent, fee-only investment adviser. Fisher Investments and its affiliates manage over $347 billion across three principal businesses—Institutional, US Private Client, and Private Client International. Founder and Executive Chairman Ken Fisher wrote Forbes'"Portfolio Strategy" column for over 32 years until 12/31/2016, making him the longest continuously running columnist in the magazine's history. He now writes monthly, native language columns in 25 major media organs around the world—including the New York Post— spanning more countries and more languages in more total reach than any other, non-syndicated columnist of any type ever. Ken appears regularly on major TV news like Fox News, Fox Business, Sky News (UK and Australia), BNN Bloomberg, CNN International, and the BBC. Ken has written 11 investing and finance books, including four New York Times bestsellers. For more information about Fisher Investments visit Media Contacts

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store