Commitment to 50% reduction in greenhouse gas emissions by 2030, New vendor code of conduct, and employee health and safety policy
Issued by SJW Group
A commitment to 50% reduction in greenhouse gas emissions by 2030, a new vendor Code of Conduct, and an employee health and safety policy are highlights of the report.
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:
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.
Daniel Meaney, APR
Director of Corporate Communications