Company reports on ESG performance against Global Reporting Index guidelines, and provides key accomplishments in areas of water management, ethics and environmental sustainability
Published 07-06-11
Submitted by American Water
American Water Works Company, Inc. (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, announced today it issued its first full corporate responsibility report. This full report, which succeeds a partial report provided by the company in 2010, reaffirms American Water as the first U.S. water and wastewater company to report on environmental, social and governance (ESG) performance against Global Reporting Index (GRI) guidelines. The report can be found on the company's Web site at the following URL: http://www.amwater.com/CRReport.
"American Water was founded 125 years ago on a responsible and sustainable approach to business," said President and Chief Executive Officer Jeff Sterba. "As a trusted steward of our most precious resource "“ water "“ we believe having a corporate management approach oriented toward corporate responsibility is key to our long-term success and the ability to provide high-quality services to our customers and maintain trust with them as well as all our stakeholders."
American Water's first biennial report includes the company’s priorities, policies and approaches to corporate responsibility, and covers performance for the 2010 Fiscal Year, using GRI G3 Sustainability Reporting Guidelines, including GRI's Reporting Principles of materiality, sustainability context, stakeholder inclusiveness and completeness. Additionally, the report uses the Interfaith Center on Corporate Responsibility Liquid Assets report to guide reporting and indicators specific to the water industry. The report is self-declared at GRI Application Level B.
Today's new water reality presents challenges to the entire water and wastewater industry, from climate variability and aging infrastructure to increasing water quality regulation and changes in water demand. Having a strategic approach to corporate responsibility that helps American Water address each issue from a sustainability perspective has never been more important.
The company sees this report as part of its overall corporate responsibility strategy and a way to regularly review our performance and engage with stakeholders. The following key accomplishments are among those included in the 2010 report:
About GRI
The Global Reporting Initiative (GRI) is a network-based organization that pioneered the world's most widely used sustainability reporting framework. GRI is committed to the Framework's continuous improvement and application worldwide. GRI's core goals include the mainstreaming of disclosure on environmental, social and governance performance. GRI's Reporting Framework is developed through a consensus-seeking, multi-stakeholder process. Participants are drawn from global business, civil society, labor, academic and professional institutions. For more information, visit www.globalreporting.org.
About American Water
Founded in 1886, American Water is the largest publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in more than 30 states as well as parts of Canada. More information can be found at www.amwater.com.
In 2011, American Water is celebrating its 125th anniversary with a yearlong campaign to promote water efficiency and the importance of protecting water from source to tap. To learn more, visit www.amwater125.com.
American Water 1033 B Avenue, Suite 200 Coronado, CA 92118 (619) 435-7415 (office)
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