Global water technology company, pump manufacturer and rental provider Xylem was ranked No. 7 on Fortune’s 2018 Change the World list, a ranking of 50 companies that have made a significant social impact through their core business strategy. Xylem was recognized for creating tangible social value through its innovative solutions that are helping to solve water challenges throughout the world.

“At Xylem, we are privileged to operate in an industry where we pioneer innovative approaches and technologies that are not only core to our business, but also have a lasting impact on communities,” said Patrick Decker, president and CEO of Xylem. “We are honored to be recognized by Fortune as a company that is driving social impact, a testament to the work of Xylem’s nearly 17,000 colleagues who are committed to making water safer, more accessible and more affordable for people and communities around the world. Our global mission of solving water is rooted in our purpose as an enterprise, which is to create both social and economic value in all that we do.”

Now in its fourth year, Fortunes “Change the World” list ranks companies using factors including measurable social impact, business results, degree of innovation and corporate integration. Notable Xylem initiatives recognized by Fortune include the company’s ongoing work to help strengthen cities’ resilience so they are better equipped to cope with the impact of climate change and natural disasters, and Xylem’s actions to advance smart water solutions. The company’s role in supporting the Thai cave rescue mission was also noted. A team of Xylem engineers worked with the Thai authorities to re-configure the dewatering pumps in place at the cave, increasing pumping capacity by 40 percent and helping enable the successful rescue of the young soccer team and its coach.

Over the past year, Xylem has received anumber of recognitions for its leadership in sustainability. Forbes and Just Capital in their America’s Most Just Companies list and Barron’s ranked Xylem in the top 10 on its inaugural list of the 100 most sustainable companies headquartered in the United States. Xylem also received an Engage for Good Gold Halo Award for the company’s Watermark employee volunteerism efforts.

Xylem is based in Rye Brook, N.Y., with 2017 revenue of $4.7 billion.