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Good points in Environmental and Social Scores
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Acknowledged ESG Chief Amongst U.S. Investor-Owned Water and Wastewater Utilities
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Human Rights Coverage Adopted
SJW Group (NYSE: SJW), among the many largest investor-owned water and wastewater utility firms within the U.S., introduced the discharge of its 2020 Sustainability Report, Coast to Coast. It’s SJW Group’s first report since its 2019 acquisition of Connecticut Water Service, Inc., which now consists of all of its water and wastewater utility operations in California, Connecticut, Maine and Texas. The group’s newly adopted Human Rights Policy is among the many highlights of the report.
As well as, Institutional Shareholder Companies’ (ISS) evaluate of the corporate’s Environmental, Social and Governance (ESG) actions resulted in vital enhancements in year-over-year Environmental and Social scores. The very best ranking within the ISS scale is a 1, and 10 is the bottom. The corporate’s general Environmental rating moved from 7 to five and the general Social rating from 8 to three in 2020. The Governance ranking remained finest in school at a 1 in 2020. The corporate is acknowledged with Prime standing by ISS ESG. Prime standing is awarded to firms with an ESG efficiency above the sector-specific Prime threshold.
“We’re pleased with our persevering with achievements shared in our 2020 Sustainability Report,” acknowledged Eric W. Thornburg, Chairman, President and Chief Government Officer of SJW Group. Thornburg added, “The dedication of our staff, administration, and Board to sustainability excellence displays our longstanding commitments and mirrors SJW Group’s core values of serving clients, communities, and staff whereas defending the atmosphere. Among the many particular achievements in 2020 that we’re most pleased with is the adoption by our Board of a Human Rights Coverage that firmly states that human rights are elementary rights, freedoms, and requirements of therapy to which all individuals are entitled.”
The report highlights the corporate’s concentrate on:
– Worker well being and security
– Environmental stewardship
– Buyer help packages
– Provider variety
– Social accountability
– Infrastructure investments
The corporate’s almost 50% feminine illustration on its Board of Administrators has additionally been acknowledged by Ladies on Boards 2020 as a “Successful” firm for reaching gender parity.
In 2021, SJW Group plans to construct on the strong ESG basis outlined in its 2020 report, growing a long-term sustainability plan and specializing in greenhouse fuel emissions with a baseline survey of present emissions ranges.
SJW Group’s 2020 Company Sustainability Report and the Human Rights Coverage will be discovered at www.sjwgroup.com.
About SJW Group
SJW Group is the second-largest investor-owned pure-play water and wastewater utility, based mostly on estimated price base, in the US, offering lifesaving and high-quality water service to almost 1.5 million individuals. SJW Group’s regionally led and operated water utilities — San Jose Water Firm in California, The Connecticut Water Firm in Connecticut, The Maine Water Firm in Maine, and SJWTX Inc. (dba Canyon Lake Water Service Firm) in Texas — possess the monetary energy, operational experience and technological innovation to safeguard the atmosphere, ship excellent service to clients and supply alternatives to staff. SJW Group stays targeted on investing in its operations, remaining actively engaged in its native communities and delivering continued sustainable worth to its shareholders. For extra details about SJW Group, please go to www.sjwgroup.com.
Ahead-Wanting Statements
This launch incorporates forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995, as amended. A few of these forward-looking statements will be recognized by means of forward-looking phrases similar to “believes,” “expects,” “might,” “will,” “ought to,” “seeks,” “roughly,” “intends,” “plans,” “estimates,” “initiatives,” “technique,” or “anticipates,” or the destructive of these phrases or different comparable terminology. These forward-looking statements are solely predictions and are topic to dangers, uncertainties, and assumptions which might be troublesome to foretell.
The accuracy of such statements is topic to quite a lot of dangers, uncertainties and assumptions together with, however not restricted to, the next components: (1) the impact of water, utility, environmental and different governmental insurance policies and laws, together with actions regarding charges, approved return on fairness, approved capital constructions, capital expenditures and different selections; (2) adjustments in demand for water and different companies; (3) the affect of the Coronavirus (“COVID-19”) pandemic on our enterprise operation and monetary outcomes; (4) unanticipated climate situations and adjustments in seasonality; (5) local weather change and the consequences thereof; (6) surprising prices, fees or bills; (7) our skill to efficiently consider investments in new enterprise and progress initiatives; (8) the danger of labor stoppages, strikes and different labor-related actions; (9) catastrophic occasions similar to fires, earthquakes, explosions, floods, ice storms, tornadoes, hurricanes, terrorist acts, bodily assaults, cyber-attacks, or different related occurrences; (10) adjustments basically financial, political, enterprise and monetary market situations; (11) the flexibility to acquire financing on favorable phrases, which will be affected by varied components, together with credit score rankings, adjustments in rates of interest, compliance with regulatory necessities, compliance with the phrases and situations of our excellent indebtedness, and normal inventory and debt market situations; and (12) legislative and normal market and financial developments.
As well as, precise outcomes are topic to different dangers and uncertainties that relate extra broadly to our general enterprise, together with these extra totally described in SJW Group’s filings with the SEC, together with the newest experiences on Type 10-Ok, Type 10-Q and Type 8-Ok. Ahead-looking statements should not ensures of efficiency, and communicate solely as of the date made, and we undertake no obligation to replace or revise any forward-looking statements besides as required by regulation.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20210203005872/en/
Contacts
Buyers
Suzy Papazian, SJW Group
Senior Vice President and Basic Counsel
(408) 279-7961, Suzy.Papazian@sjwater.com
Media
Liann Walborsky
Director of Company Communications
(408) 918-7247, Liann.Walborsky@sjwater.com
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