Flowserve Releases 2023 ESG Report Detailing Climate, Culture and Core Responsibility Progress

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, has released its 2023 Environmental, Social and Governance (ESG) Report, outlining its vision to create flow control for a better world. In this year’s report, the company highlights the important work it has done to reduce its carbon intensity, continue its support of communities around the world through a wide variety of philanthropic efforts and develop new products that help its customers achieve their sustainability goals.

The report reflects Flowserve’s extraordinary impact throughout the year, including the following highlights of its ESG framework centered around Climate, Culture and Core Responsibility:

Climate

• In 2019, Flowserve set out to achieve a 40% reduction in its carbon intensity by the year 2030, using 2015 as a baseline year. The company achieved that goal in 2023, reducing its carbon intensity by 46%.
• The company made great strides in its decarbonization efforts, reaching nearly $190 million in energy transition bookings.

Culture

• Flowserve Cares contributed over $700,000 to support disaster relief efforts, environmental clean-up projects, educational initiatives and more.
• The company continued to deliver industry leading safety performance backed by a new operating model.

Core Responsibility

• Flowserve was recently recognized by Newsweek as one of America’s Greenest Companies as well as one of America’s Most Responsible Companies.
• The company’s cybersecurity program achieved ISO 27001 certification.
• More than half of new products introduced in 2023 were developed under Flowserve’s 3D strategy, enhancing its ESG initiatives and supporting customers’ sustainability efforts.

“The alignment of our 3D strategy and ESG framework is empowering us to help our customers and our planet while also delivering profitable growth,” said Flowserve President and Chief Executive Officer Scott Rowe. “We will build on the incredible momentum we established in 2023 to strengthen our ESG initiatives and continue building a better tomorrow.”

For more information on Flowserve’s ESG progress, or to access the Flowserve 2023 ESG Report, visit the ESG page on Flowserve.com.

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.