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2020 Corporate Responsibility Report: Table of Contents

LETTER TO OUR STAKEHOLDERS
Message from John L. Stauch, President and CEO...............	3
Message from Karla X. Robertson, EVP, General Counsel,
Secretary and CSRO.............................................................	5
1. A WINNING COMPANY
1.1 What We Stand For .........................................................	8
1.2 Social Responsibility at Pentair.....................................	10
1.3 Delivering Leading Solutions Through Our Company.....	14
1.4 Our Response to the COVID-19 Pandemic......................	16
2. WINNING SOLUTIONS
2.1 Our Approach to Product Innovation............................	20
2.2 The Impact of Our Solutions........................................	25
2.3 Our Approach to Supplier Excellence...........................	34
3. WINNING OPERATIONS
3.1 Our Approach to Driving Operational Efficiencies...........	40

3.2 Energy Efficiency: Reducing Energy Consumption

in Operations...............................................................

41

3.3 Greenhouse Gas Emissions: Redoing Our Impact

on Climate Change......................................................	44
3.4 Responsible Water Withdrawal and Management........	46

3.5 Waste Management and Significant

Waste-Related Impacts...............................................

48

4. WINNING WORKPLACE

4.1 Pentair's Commitment to Employee Engagement.....52

4.2 Living Our Win Right Values Through Inclusion

and Diversity............................................................	54
4.3 Attracting Top Talent...............................................	59
4.4 Investing in Our Future Through Our People.............	60
4.5 Employee Health and Wellness.................................	62
5. WINNING COMMUNITIES
5.1 Making a Positive Impact...........................................	68
5.2 Community Outreach and Engagement....................	63
6. GOVERNANCE
6.1 Governance at Pentair...............................................	76
6.2 Governance Structure Overview...............................	77
6.3 Ethics and Human Rights.........................................	80
6.4 Privacy and Data Security.........................................	82
7. ABOUT THIS REPORT
7.1 About this Report......................................................	84
7.2 GRI Content Index.....................................................	85
7.3 SASB Mapping...........................................................	95
7.4 TCFD Index...............................................................	96
7.5 Metric Tables............................................................	98

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Letter to Our Stakeholders from

Pentair President and CEO, John L. Stauch

Dear Stakeholders,

Welcome to Pentair's 2020 Corporate Responsibility Report: Essential Resources for Life. Our mission is to deliver smart sustainable solutions that empower our customers and employees to make the most of life's essential resources - your resources, our resources, and the world's resources. Built on a foundation of our Win Right Values, sustainability is how we create products that positively contribute to the world, and how we steward sustainable practices that minimize environmental impact.

In 2020, we advanced what social responsibility and sustainability mean to Pentair, and accelerated the role we play in the Environmental, Social, and Governance (ESG) areas. We are pleased to share highlights of our progress in this year's report, and our commitments going forward.

Advancing Environmental Sustainability

We recognize that as a company, we have a responsibility to reduce our own impact on the environment as well as lead in developing solutions to address the global water and climate change challenges of the future. Our company has built

a solid foundation and made great strides in this area. In 2020, we further advanced this work.

We continue to see the impacts of global warming and climate change through extreme weather events, large storms, and heat waves resulting in flooding, droughts, and fires. The effects of climate change can impact the security of essential infrastructure management systems, and Pentair solutions help to keep these systems secure, including our flood control systems which work to keep urban spaces and municipalities dry.

Our solutions also help to improve environmental sustainability. Our water filtration solutions reduce the demand for single-use bottled water and provide point of use filtration to reduce the resources required to enjoy water. Building on our track record of developing sustainable solutions, we are very proud that, in 2020, Pentair passed our 2,000th customer installation of our carbon dioxide (CO2) system. These systems allow customers to capture CO2 from manufacturing processes before it is released into the atmosphere and then recycle it to produce other valuable byproducts. In addition, for the eighth consecutive year, the EPA awarded our variable speed pool pumps as an ENERGY STAR Partner for our outstanding contributions to protecting the environment through superior energy efficiency achievements.

Within our own operations, we reduced waste generation and continued our strong performance in landfill diversion. We have also steadily reduced our electricity and natural gas usage over time, while increasing production volumes. Going forward, we are focused on getting even better in reducing our impact on climate change.

Our Commitment to Social Advancements and Equity

In 2020, we accelerated our Inclusion and Diversity (I&D) journey, introducing and implementing actions and long-term programs designed to achieve a more inclusive and diverse workforce.

I signed the CEO Action Pledge for Diversity and InclusionTM committing to a specific set of actions Pentair plans to take to cultivate an inclusive environment. We provided paid time off for employees to volunteer, as well as a double match for employee contributions toward social justice issues. We also continue to make investments in community social justice organizations, advocating and supporting volunteerism to advance equity in our communities. We are committed to supporting a culture of unity and upholding our responsibility in creating a workplace that embraces our differences and support for each other.

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Advancing Governance and Establishing a Formalized Social Responsibility Strategy

Creating value for our shareholders and meeting and leading the challenges of today are central to our culture of Winning Right and our commitment to accountability for performance.

We exemplified this commitment with the appointment of Karla Robertson, Executive Vice President, General Counsel, and Secretary, to the additional role of Chief Social Responsibility Officer. With oversight and strategic direction provided by the Pentair Board of Directors, Karla is leading Pentair's social responsibility program and has formalized a strategy that includes the development and launching of Pentair's Social Responsibility Targets outlined in this report.

Building a Leading, Socially Responsible Company

One of our biggest accomplishments last year was the team's excellent response to the COVID-19 pandemic. Our residential businesses experienced strong demand for their products and solutions. It took the agility of our operations and sourcing teams to meet the expectations of our customers. I have enormous appreciation for, and pride in, our employees who lived our Win Right Values, focusing on keeping our workforce safe and healthy, while delivering for our customers and shareholders.

We understand that in order to provide value and adapt to the changing world around us, we must continue to integrate the tenets of ESG into our business strategies and practices. We firmly believe this will support our efforts in cultivating a long-term value proposition for Pentair. It is the right thing to do, it is good business, and it is tied to what our employees, customers and shareholders value. We have our sights set on 2030 and 2050, and we strive to be a leading socially responsible company that is a destination for investors and engaged, diverse, and top talent.

Well-Positioned for Our Future

Sustainability is more than an initiative at Pentair; it is core to how we operate. From our residential and business solutions that help people move, improve and enjoy their water, to our sustainable innovations and applications, Pentair makes the most of life's essential resources. We are excited about our journey ahead.

Thank you.

John L. Stauch

President and CEO, Pentair

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Letter to Our Stakeholders from Pentair EVP, General Counsel, Secretary, and Chief Social Responsibility Officer, Karla Robertson

Dear Stakeholders,

As the newly-appointed Chief Social Responsibility Officer at Pentair, I am excited about advancing and accelerating Pentair's journey towards delivering a more sustainable company. Social responsibility is at the heart of how we operate through our Mission and Win Right Values.

We are advancing our efforts through our newly formed Office of Social Responsibility, unifying our stakeholders around our shared mission and commitment to being a positive influence on the social and environmental issues of today.

We are integrating Environmental, Social, and Governance (ESG) practices throughout our businesses, creating broad accountability for our strategy, and actively tracking and measuring our progress on our journey in building a leading, socially responsible company.

In 2020, we set the foundation for the next phase of our work in social responsibility by completing an ESG materiality assessment. As further outlined in this report, we engaged Pentair's key stakeholders in a formal process to holistically understand their priorities in ESG areas, and identified the following as priority areas:

• Reducing our greenhouse gas emissions impact;
• Furthering Pentair's water stewardship within our operations;
• Innovating to deliver water and energy efficient solutions;
• Building a more environmentally and socially sustainable supply chain; and
• Building an inclusive and diverse workforce.

We are excited about advancing our work in these priority areas. They are aligned with our business strategies and are designed to positively contribute to our business. And, as our materiality assessment showed, they matter to our stakeholders. With oversight from our Board of Directors, using our priority areas as our guide, we have developed our Social Responsibility Strategic Targets, which I am pleased to announce here.

We are targeting reducing our Scope 1 and 2 greenhouse emissions by 50% from a 2019 baseline by 2030, and aim to achieve carbon neutrality by 2050

We are targeting a 30% reduction in overall water withdrawal from a 2019 baseline by 2030

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