LOADING

Type to search

SJW Group Releases 2021 Corporate Sustainability Report

SJW Group Releases 2021 Corporate Sustainability Report

Commitment to 50% reduction in greenhouse gas emissions by 2030

New vendor code of conduct and employee health and safety policy

SJW Group (NYSE: SJW), which provides life-sustaining water and wastewater services to more than 1.5 million people in the U.S., has announced the release of its 2021 Corporate Sustainability Report. The report summarizes the environmental, social and governance achievements across the company’s local operations that serve customers in California, Connecticut, Maine and Texas.

“For SJW Group, 2021 can be summed up in one word — resilience. It is evident in our employees and the communities we serve. Our employees know that tap water touches the lives of people and communities every day and that it is our shared mission to deliver high-quality, reliable water service despite various challenges,” said President, Chair and CEO Eric W. Thornburg. “In the past few years, we have confronted the pandemic, stresses on some of our water supplies, changing weather conditions, economic struggles of our customers, and social and societal issues around race and violence in our country. We responded to those challenges and delivered on our commitment to be a leader across the environmental, social and governance issues in 2021. We are more resolute than ever to deliver on our mission and be a trusted partner and force for good in the communities we serve, as documented in the 2021 report.”

Among the highlights of the report:

  • Completion of a greenhouse gas emissions inventory in 2021, and a pledge to reduce GHG emissions by 50% from 2019 levels by the year 2030. This science-based target is aligned with the Paris Agreement to limit total global warming to 1.5 degrees Celsius.
  • A newly adopted vendor code of conduct, aligning the company’s supply chain practices with the company’s 2020 human rights policy.
  • A formalized health and safety policy that affirms the company’s commitment to put health and safety at the center of day-to-day operations.
  • Updates on the continued work of the company’s employee-led Diversity, Equity & Inclusion Council, including CEO Eric W. Thornburg’s signing of the CEO Action for Diversity & Inclusion™ CEO Pledge.
  • Environmental stewardship efforts from coast to coast, including water conservation programs, land and forest management initiatives, support for wildlife, and employee-led litter cleanups.
  • Commitment to equitable water rates through water rate assistance programs in our largest utilities, including a first of its kind program in the state for water utilities at Connecticut Water, and other customer assistance programs.
  • Continued community involvement through educational programs, events, charitable donations and employee volunteering.

In addition, Institutional Shareholder Services’ review of the company’s environmental, social and governance activities resulted in improvements in environmental and social scores. Among its water utility peers, SJW Group is tied for the best overall social score, and tied for second in the overall environmental score. The company has the best overall governance score possible and has been recognized with a Prime status by ISS ESG. Prime status is awarded to those companies with an ESG performance above the sector-specific Prime threshold.

The company has achieved a “gender balanced” rating for its board of directors from 50/50 Women on Boards. Further, according to 50/50 Women on Boards, only 6% of the 3,000 largest U.S. traded companies can claim a gender-balanced board.

SJW Group’s 2021 Corporate Sustainability Report and Policies can be found at: www.sjwgroup.com/2021CSR.

Source: Business Wire

Topics

Related Articles

Leave a Comment

Your email address will not be published. Required fields are marked *

LOADING

Type to search

Blog

PepsiCo, National Geographic Society Launch Global Food for Tomorrow Program on Regenerative Agriculture
Akaysha Energy Secures $196M Debt Facility to Expand Battery Storage Portfolio
Silvania Partners with Alder Point to Scale US Timberland Investments for Climate and Conservation
GameChange Solar Brings Utility-Scale Tracker Technology to New Zealand
Monsoon Wind Powers Up 600 MW, First Cross-Border Wind Farm in Asia
Hong Kong Positions Itself as Global Hub as 90% of Family Offices Integrate ESG
Enfinity Global Secures $341M to Build 276 MW of Solar Projects in Italy
thyssenkrupp Nucera Acquires Green Hydrogen Systems Assets
Neuberger Berman Joins Blackstone in Backing Sustainability Software Provider Sphera
Ghana, Singapore Forge Sustainable Development and Carbon Market Partnership
Diginex, SGS Strengthen Alliance to Scale Sustainable Finance Solutions
Iberdrola España Starts Commissioning of €200M Ciudad Rodrigo Solar Plant
Protecting Nature Could Unlock Growth and Jobs, Says World Bank Report
image of the Triibe team on stage during event
Trump Administration Cuts $679 Million in Offshore Wind Funding
Thailand’s Tourism Authority Drives ESG Tourism to Boost Community Income, Global Recognition
PepsiCo Reports 2024 Progress on pep+ Sustainability and Nutrition Goals
RBI to Integrate Climate Resilience into India’s Financial System
BlackRock, LGIM Face $34 Billion Loss in Dutch Pension Shift
Denmark to Launch EU-Standard Green Bonds, Raising the Bar for Sovereign Issuance
","session_id":"ep-sess-1760141776-Mqsunnjp","page_url":"https:\/\/esgnews.com\/sjw-group-releases-2021-corporate-sustainability-report\/","post_id":"8160","tracking_enabled":"1","original_referrer":"","has_embedded_content":""}; /* ]]> */