American Water Issues 2023 Sustainability Report
July 29 2024 - 10:00AM
Business Wire
Highlights American Water’s sustainable impact
on communities across the U.S.
American Water (NYSE: AWK), the largest regulated water and
wastewater utility company in the U.S., announced today that it has
issued its eighth Sustainability Report covering its industry
leadership and performance on environmental, social, and governance
(ESG) principles. The report covers the 2023 reporting year and is
the first American Water Sustainability Report to be published in
its new annual cadence.
“This report highlights how we are fulfilling our mission of
providing safe, clean, reliable, and affordable water and
wastewater service to our customers and communities we serve across
our national footprint,” said M. Susan Hardwick, President and CEO
of American Water. “As we reflect on our progress in 2023 and focus
on achieving further progress in the years to come, this report
affirms that our commitment to sustainability yields benefits for
all of our important stakeholders.”
American Water prepared the Sustainability Report with reference
to the standards of the Global Reporting Initiative, Sustainability
Accounting Standards Board, the Task Force on Climate-Related
Financial Disclosures, and includes applicable metrics from the
Edison Electric Institute and American Gas Association
ESG/sustainability reporting template. The report also takes into
consideration the United Nations Sustainable Development Goals and
the company’s responses to the annual CDP Climate Change
questionnaire.
The report focuses on key areas including:
- Water Quality & Emerging Contaminants; Water &
Wastewater Infrastructure; Water Use & Efficiency; Inclusion,
Diversity & Equity; Employee Health; Safety and Well-being;
Water Access & Affordability; Talent Attraction, Development
& Retention; Water Supply Resilience; and Emissions, which
reflect the Company’s most recent Materiality Assessment
results.
- Based upon input collected from shareholder outreach and
feedback over the last year, also included are new disclosures
utilizing existing internal strategies and expertise spanning:
Biodiversity, Environmental Justice, Human Rights, Pay Equity,
Water Quality Regulation and Wastewater topics
American Water has received many awards and recognition that
celebrate accomplishments tied to the company’s commitment to
ESG:
- Recognized on Newsweek’s list of America’s Most Responsible
Companies 2023 and Newsweek’s list of America’s Most Trustworthy
Companies 2023;
- Named on the USA Today American’s Climate Leaders and Forbes
Net-Zero Leaders 2023 lists;
- Recognized as the first utility to be honored on Fortune’s
Modern Board 25 Ranking;
- Named in Barron’s 100 Most Sustainable Companies 2023 List for
sixth consecutive year;
- Awarded top-scoring company, for the fifth consecutive year, as
Best Places to Work for Disability Inclusion by the Disability
Equality Index;
- Included in the Bloomberg Gender Equality Index for the sixth
consecutive year in 2023; and
- Received the 2023 WaterSense® Excellence in Education and
Outreach award from the United States (U.S.) Environmental
Protection Agency (EPA), followed by numerous Partnership for Safe
Water awards for continuously optimizing water treatment plant and
distribution systems among other national, state and local
recognition.
Please visit ir.amwater.com/sustainability to learn more and
view the Sustainability Report.
About American Water
American Water (NYSE: AWK) is the largest regulated water and
wastewater utility company in the United States. With a history
dating back to 1886, We Keep Life Flowing® by providing safe,
clean, reliable and affordable drinking water and wastewater
services to more than 14 million people with regulated operations
in 14 states and on 18 military installations. American Water’s
6,500 talented professionals leverage their significant expertise
and the company’s national size and scale to achieve excellent
outcomes for the benefit of customers, employees, investors and
other stakeholders.
For more information, visit amwater.com and join American Water
on LinkedIn, Facebook, X and Instagram.
AWK-IR
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version on businesswire.com: https://www.businesswire.com/news/home/20240728546396/en/
ESG Contact: Janelle McNally Senior Manager, Investor
Relations, ESG 856-571-0187 janelle.mcnally@amwater.com
Media Contact: Ruben Rodriguez Senior Director, External
Communications 856-955-4180 ruben.e.rodriguez@amwater.com
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