California Water Service Group Surpasses Global Average ESG Evaluation Score from S&P Global Ratings
04 Outubro 2023 - 5:15PM
In its recently published Environmental, Social, and Governance
(ESG) Evaluation Report, S&P Global Ratings awarded California
Water Service Group (NYSE: CWT) a score of 74 out of 100. Group
performed on par with other utility networks in the United States
(average score of 74/100), scored higher than the global sector
average (72/100), and was rated even higher than the global average
score (65/100) among more than 185 entities across 21 sectors.
According to S&P Global Ratings, “Group’s ESG Evaluation
score of 74 illustrates our assessment of the company’s capable
management of water services and sewage treatment...The company
excels in infrastructure resilience and prioritizes capital
allocation toward water conservation programs, maintenance of water
quality in the face of emerging contaminants, and water
affordability initiatives.” Additionally, S&P Global Ratings
noted, “Group’s familial work culture embeds its values of water
quality and accessibility for customers throughout its operations,
which we view as an asset in support of long-term
sustainability.”
“We continue to live by our long-standing culture of doing the
right thing through our various sustainability and citizenship
efforts across the business,” said Martin A. Kropelnicki, Group
Chairman & CEO. “We are pleased to have performed well in our
first ESG Evaluation, and look forward to further progress and
improving on our performance.”
In recognition of Group’s sustainability and citizenship
efforts, the Company has been named one of the “World’s Most
Trustworthy Companies” and one of “America’s Most Responsible
Companies” by Newsweek, earned a Great Place to Work® certification
for the eighth consecutive year, and its California
subsidiary—California Water Service—was ranked highest in overall
customer satisfaction among large water utilities in the western
United States* in the J.D. Power 2023 U.S. Water Utility
Residential Customer Satisfaction StudySM.
Also, in May of this year, Group published its 2022 ESG Report
and committed to setting greenhouse gas emissions reduction targets
by the end of the third quarter of 2024. The Company’s emissions
reduction targets will build on existing objectives and initiatives
to address material ESG risks to the business and its stakeholders,
all of which are reported on in more detail in the 2022 ESG
Report.
The California Water Service Group ESG Evaluation Report
produced by S&P Global Ratings can be found at
www.calwatergroup.com/esg-evaluation-2023.
About California Water Service Group
California Water Service Group is the largest regulated
water utility in the western United States. It provides
high-quality, reliable water and/or wastewater services to more
than 2 million people in California, Hawaii, New Mexico,
Washington, and Texas through its regulated subsidiaries,
California Water Service, Hawaii Water Service, New Mexico Water
Service, and Washington Water Service, and its utility holding
company, Texas Water Service.
What sets Group apart is its commitment to enhancing the quality
of life for its customers, communities, employees, and
stockholders. Guided daily by their promise to provide quality,
service, and value, Group’s 1,200+ employees lead the way in
working to protect the planet, care for people, and operate with
the utmost integrity. Integral to Group’s strategy is investing
responsibly in water and wastewater infrastructure, sustainability
initiatives, and community well-being. The company has been named
one of “America’s Most Responsible Companies” and the “World’s Most
Trustworthy Companies” by Newsweek and a Great Place to Work®. More
information is available at www.calwatergroup.com.
*California Water Service received the highest score in the West
Large segment of the J.D. Power 2023 U.S. Water Utility Residential
Customer Satisfaction Study of customers’ satisfaction nationally
among water customers in the US. Visit jdpower.com/awards for more
details.
Media ContactYvonne
Kingmanykingman@calwater.com310-257-1434
California Water Service (NYSE:CWT)
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