Select Water Solutions Exceeds Sustainability Targets, Reports 9% Increase in Water Recycling

Select Water Solutions Inc (WTTR) released its 2024 Sustainability Report, showcasing a 9% increase in water recycling, a 41% rise in environmentally responsible disposal volumes, and exceeding sustainability-linked credit facility targets by 324% for water recycling and 49% for employee safety. The company also reduced combined Scope 1 and Scope 2 greenhouse gas emissions by 8%. Despite a 9,000-metric-ton increase in Scope 2 emissions, the report highlights Select Water Solutions' commitment to sustainability and its potential for cost savings and growth in the energy sector.

Select Water Solutions Inc. (WTTR), a leading provider of sustainable water management and chemical solutions, has released its 2024 Sustainability Report, highlighting substantial progress in water recycling, environmentally responsible disposal, and greenhouse gas (GHG) emissions reduction. The report underscores the company's commitment to sustainability and operational excellence.

Water Recycling and Disposal

Select Water Solutions treated or recycled 20.0 billion gallons of water in 2024, marking a 9% increase from 2023. Additionally, the company increased environmentally responsible wastewater disposal volumes by 41% during the same period [1].

Exceeding Sustainability-Linked Credit Facility Targets

The company meaningfully exceeded the annual water recycling and employee safety targets embedded in its sustainability-linked credit facility for 2024. These targets were surpassed by 324% for water recycling and 49% for employee safety, respectively [1].

GHG Emissions Reduction

Select Water Solutions achieved an 8% year-over-year reduction in combined Scope 1 and Scope 2 emissions in 2024. Despite a 9,000-metric-ton increase in Scope 2 emissions due to operational growth and electrification efforts, the company remains dedicated to reducing its overall GHG emissions [1].

Future Goals and Commitments

The company has reset the bar for its sustainability-linked goals in its new credit facility, which closed in January 2025. Select aims to increase recycled produced water volumes by 14% in 2025, with annual increases of 17.5% until reaching a 403 million barrel per year target by 2029. Additionally, the company has set a goal to reduce its TRIR by approximately 1.5% each year, aiming to outperform the industry average by 35% by 2029 [1].

Conclusion

Select Water Solutions' 2024 Sustainability Report demonstrates the company's significant strides in sustainability and environmental performance. The achievements outlined in the report highlight the potential for cost savings and growth in the energy sector, positioning Select Water Solutions as a leader in sustainable water management solutions.

References

[1] https://investors.selectwater.com/news-events/press-releases/detail/130/select-water-solutions-announces-release-of-2024-sustainability-report