Primo Brands : Sustainability Report (Primo 2024 Sustainability Report LR web1b)

Published: 2025-05-15 08:13:07 ET PRMB

Published on 05/15/2025 at 08:13

Delivering healthy hydration

INTR ODUCTION

‌v

INTR ODUCTION

O VER VIEW

WATER S TEWARD SHIP

CIR CULAR PA CKA GING

PE OPLE AND C OMMUNITY

GHG REDUCTION

D ATA AND S A SB INDEX

Circular packaging

Our approach

Circular design

Recycling and circular systems

Reuse and refill

Making it easy to reuse and refill

Reducing waste in our operations

Greenhouse gas

emissions reduction

Our approach

Our operations

Distribution and logistics

Supplier engagement

Introduction and

sustainability overview

CEO message

2024 highlights

About our company

Providing healthy hydration across North America

Drinking water in the United States

Our sustainability strategy

Our sustainability goals

Governance and business ethics

12 Stakeholder engagement

I NTR O D U C TI O N

Contents

About this report

Our 2024 Sustainability Report presents Primo Brands Corporation's first sustainability report. It covers our fiscal year 2024, from January 1, 2024, to December 31, 2024, unless otherwise stated. Primo Brands, formed through the merger of Primo Water Corporation and BlueTriton Brands, was established on November 8, 2024. Certain information, notably performance against historical goals and data

Water stewardship

People and community

Data and SASB Index

in the Data section of this report, relates to the legacy companies, Primo Water Corporation and BlueTriton Brands, and is referenced accordingly throughout the report.

Our approach

Data

Water stewardship

Associate experience

SASB Index

Water replenishment

Health and safety

Assurance statement

Water efficiency in our operations

Providing access to healthy hydration

Forward-looking statements

Procurement and human rights

Communities

Making a difference

Spotlight on education

This report covers our operations in the United States and Canada, and is aligned with the Sustainable Accounting Standards Board (SASB) non-alcoholic beverage industry standards. Other than Scope 1 and 2 greenhouse gas emissions data (see Assurance), data provided in this report have not been subject to third-party assurance. We will be considering further third-party assurance in future years to continue to strengthen our reporting processes, controls, and systems. The information presented in this report has been subject to internal review processes.

Primo Brands Sustainability Report 2024

INTR ODUCTION

O VER VIEW

WATER S TEWARD SHIP

CIR CULAR PA CKA GING

PE OPLE AND C OMMUNITY

GHG REDUCTION

D ATA AND S A SB INDEX

INTR ODUCTION

C E O M E S S AG E

I am proud to share the inaugural Primo Brands Sustainability Report, reflecting the go-forward priorities for the newly combined organization

Circular packaging: We operate a reusable and circular packaging network through our Direct Delivery, Exchange, and Refill offerings. Our 3- and 5-gallon reusable bottles that

Direct Delivery customers

O U R MI S SI O N

and progress in 2024 towards our goals. In

are offered by these services are designed to be reused up to

25 times before being recycled. In addition, we offer many of

Hydrating a Healthy America™

November 2024, Primo Water Corporation and BlueTriton Brands, Inc. successfully merged, creating a leading branded beverage company focused on healthy hydration.

We began as two powerhouse organizations, independent entities with complementary strengths, and now operate as a scaled business with an extraordinary footprint. At the core of each legacy organization was an unyielding focus on the

communities served, prioritizing service, sustainability, and local engagement - this remains unchanged for Primo Brands.

Primo Brands operates with a clear mission: to Hydrate a Healthy America™. We meet consumers whenever, wherever, and however they hydrate with a portfolio of iconic brands,

a variety of formats and offerings across price points, and a vertically integrated, coast-to-coast manufacturing and distribution network. We are a growth company, focused on delivering value for all our stakeholders - our associates,

communities, customers, consumers, suppliers, and stockholders.

We strive to be a leading beverage company from source to sip, with a focus on continuous improvement in our four sustainability focus areas:

Water stewardship: We actively manage over 90 springs and help conserve over 28,000 acres of land, proactively taking measures to promote long-term water supply and water quality in the areas where we operate. In 2024, we are proud to be the first beverage company to have achieved the enterprise-wide WAVE: ASSESS verification from the Water Council, as well as having five factories achieve certification

to SCS Global's Water Stewardship and Resiliency Standard. We have a continuing focus on improving water use efficiency in our factories.

our brands in aluminum and glass formats to help reduce the use of virgin plastic. We are also focused on increasing the use of recycled or renewable materials in our packaging.

Greenhouse gas emissions reduction: As we work to integrate the infrastructures of the two legacy companies, we will develop our strategy based around the opportunities we identify. We will set emissions reductions goals in Scopes 1, 2 and 3 by year-end 2025. Building on the emissions reductions we have made to date in our own operations, our focus going forward is on further energy efficiency. Thirty-seven percent

of our total fleet runs on propane, which produces fewer greenhouse gas emissions than diesel fuel, helping power our trucks and meet the hydration needs of our customers and consumers.

People and community: We aim to be an employer of choice throughout our associate lifecycle, helping our people to realize their potential, with the guidance of their managers and our learning and development programs. Safety is not just a priority but a foundational value that is everyone's responsibility. We also aim to be a force for good in the communities we serve. We support local environmental stewardship and the education of the next generation of water stewards and are proud to provide help in times of need like natural disasters.

It is an honor to lead the Primo Brands team of world-class associates, who power our success as a differentiated leader in healthy hydration. Thank you for your hard work and dedication. I am excited to see how the strength of our newly combined organization can drive sustainable growth.

Robbert Rietbroek,

Chief Executive Officer

gallons sold through our reuse and refill service, making us the biggest reuse and refill beverage platform in the U.S.

spring water sources and help conserve 28,000+ acres of land in North America

individual plastic bottles avoided for every 5-gallon bottle used

Primo Brands Sustainability Report 2024

‌v

INTR ODUCTION

O VER VIEW

WATER S TEWARD SHIP

CIR CULAR PA CKA GING

PE OPLE AND C OMMUNITY

GHG REDUCTION

D ATA AND S A SB INDEX

INTR ODUCTION

B Y T HE N U MBE R S

1st

beverage company

to achieve The Water Council WAVE:ASSESS verification

See page 17

W A T E R

P E OP L E A N D C OMM U N I T Y

$3.85MM

cash contributions and product donations

1MM+

cases of water

donated to communities in need

P E OP L E A N D C OMM U N I T Y

2024 highlights

3MM+

Direct Delivery customers using reusable bottles

C IR C U L A R P A C K A G ING

93%

associate

engagement

in Pulse survey

P E OP L E A N D C OMM U N I T Y

180MM

pounds of virgin plastic bottles avoided by reuse or refill solutions

C IR C U L A R P A C K A G ING

1st

company to achieve certification to SCS Global's Water Stewardship and Resiliency (WSR) Standard

See page 17

W A T E R

1,654

propane-powered

trucks across our combined fleet

G H G EMI S S I ON S R ED U C T I ON

35%

rPET average across our single-serve bottles

C IR C U L A R P A C K A G ING

Primo Brands Sustainability Report 20244

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INTR ODUCTION

O VER VIEW

WATER S TEWARD SHIP

CIR CULAR PA CKA GING

PE OPLE AND C OMMUNITY

GHG REDUCTION

D ATA AND S A SB INDEX

O VER VIEW

O V E R V I E W

About our company 23,000+

self-service refill stations

where consumers can refill

Primo Brands is a leading North American branded beverage company focused on healthy hydration, delivering responsibly sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed

in every U.S. state and Canada.

1Brands that generate more than $1 billion total annual net sales across all channels including retail, Direct Delivery, and others

2As of April 30, 2025

We aim to be a force for good in our communities by providing healthy hydration, local environmental stewardship, and innovative beverage and circular packaging solutions to help drive growth and create value for all stakeholders.

Primo Brands has an extensive portfolio of highly recognizable, responsibly sourced, and conveniently packaged branded beverages distributed across more than 200,000 retail outlets, including established "billion-dollar brands"1Poland Spring®and Pure Life®, premium brands like Saratoga®and Mountain Valley®, regional leaders

such as Arrowhead®, Deer Park®, Ice Mountain®, Ozarka®, and Zephyrhills®, purified brands including Primo Water®and Sparkletts®, and flavored and enhanced brands like AC+ION®and Splash Refresher™. These brands are sold directly across retail channels, including mass, food, convenience, natural, drug, wholesale, distributors, and home improvement, as well as food service accounts

in North America.

Primo Brands also has extensive direct-to-consumer offerings with our industry-leading line-up of innovative water dispensers, which create consumer connectivity through recurring water purchases across our Direct Delivery, Exchange and Refill offerings. Through Direct Delivery, Primo Brands delivers responsibly sourced hydration solutions direct to home and business customers. Through our Exchange business, consumers can visit approximately 26,500 retail locations and purchase a pre-filled, multi-

use bottle of water that can be exchanged after use for a

discount on the next purchase. Through our Refill business, consumers have the option to refill empty multi-use bottles at over 23,000 self-service refill stations. Primo Brands also offers water filtration units for home and business consumers across North America.

Primo Brands is publicly traded on the New York Stock Exchange. The company employs more than 11,000 associates with dual headquarters in Tampa, Florida, and Stamford, Connecticut, and has more than 65 production factories and more than 240 branches for efficient delivery to customers and consumers across North America.2

empty multi-use bottles.

Primo Brands Sustainability Report 2024

Disclaimer

Primo Brands Corporation published this content on May 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 15, 2025 at 12:12 UTC.