Xylem Inc. and Atlas Copco have been named to the latest Dow Jones Sustainability Index. Xylem was recognized for the second year in a row for its ongoing sustainability initiatives, and Atlas Copco was recognized for the third consecutive year.

The index annually assesses and compares companies on their sustainability work. The index has analyzed the companies on factors such as the extent to which long-term economic, environmental and social aspects have played a role in shaping strategy. Other factors include meeting shareholders’ demands for sound financial returns and transparent financial accounting, and setting the highest standards of corporate governance and stakeholder engagement.

“These are meaningful acknowledgments of the work we’ve done to advance sustainable business practices and solutions,” said Steven Loranger, CEO and president of Xylem. “As a leader in water, sustainability helps drive the core of our business. Because we see the benefits of balancing short- and long-term thinking with water issues, it's natural to bring the same mindset to all areas of our business. Our products help our customers achieve their sustainability goals, and we are driving our sustainability program to all levels of our own company.”

“We are very proud to once again be included in the Dow Jones Sustainability Index,” said Mala Chakraborti, Atlas Copco’s vice president corporate responsibility. “It highlights the hard work we do to be highly productive in a sustainable way.”

Headquartered in White Plains, N.Y., Xylem is a global water technology provider that enables customers to transport, treat, test and efficiently use water in public utility, residential and commercial building services, industrial and agricultural settings.

Stockholm, Sweden-based Atlas Copco is an industrial group that produces compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems.