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NYSE: WSO - stock data...
NYSE: WSO
As the HVAC distribution industry leader, we recognize our responsibility in driving the transformation of the industry towards a lower carbon future. Our goal is to lead the transition to low carbon, high efficiency HVAC units and heat pumps for millions of homes and businesses across the markets we serve. We recognize how critical this is for the future of our planet and how significant it is to our stakeholders. These are some of the areas where we are focusing on to have the greatest impact.
High efficiency AC and heat pump units sold in 2022
Heat pumps sold in 2022
Watsco companies sell a wide variety of products that help consumers and businesses reduce their carbon footprint by electrifying their heating, lowering their energy consumption and improving air quality. These products include heat pumps, high efficiency heating and cooling systems, indoor air quality products, smart thermostats and IoT devices that track AC health and water use. In 2022, our sales of Energy Star products grew by 14% to over $1.6BN.
Unique monthly users on our mobile apps in 2022
Of units sold in OnCall Air in 2022 from major brands exceed current energy efficiency requirements
We have built solutions that help contractors sell, finance, install and service high efficiency systems and eco-friendly accessories. Our mobile app empowers technicians to access technical support ensuring products are properly installed and refrigerants don’t leak. Our digital sales platform, OnCall Air, helps contractors sell high efficiency products while our consumer financing solution, Credit for Comfort, offers payment options so consumers can make better choices.
Electric forklifts are in use at our branches.
in e-commerce sales
Watsco is currently developing a carbon accounting system and the necessary tracking capabilities to manage and reduce our scope 1, 2 and 3 emissions. We have already taken steps to reduce our energy consumption including the installation of LED lighting and VRF systems at some of our branches, the electrification of our forklifts and the tracking and optimization of delivery routes for our trucks.
Averted from the sale of high efficiency equipment from January 2020 – August 2023
Saved through Alert Labs’ water monitoring products from August 2019 – August 2023
Gallons of water saved and CO2e savings are estimated based on a methodology developed in collaboration with a third-party environmental consultancy, EnviroStewards. Calculations reflect real-world scenarios wherein Alert Labs technology significantly contributed to the early detection of water leaks and prevention of water damage. Some of the factors considered include: leak volume; proportion of heated vs unheated water; water source: surface vs ground; type of power generation at building location and its impact on the environment. For more information, contact info@alertlabs.com.
The initiatives we have launched to support our commitment have resulted in significant positive changes that we are proud of.
Watsco’s sales of high efficiency equipment from January 2020 – December 2022 have averted 15.8 M MT from entering the atmosphere.
OnCall Air has helped Ductworks grow their average ticket by 15% making it easier to convey the value of high efficiency equipment.
With Flowie installed across four different campuses, Fanshawe College was able to save $100,000 a year while lowering CO2e emissions.