American Water Works Company, Inc., the largest publicly traded U.S. water and wastewater utility company, announced recently it was named as one of the 100 Most Sustainable Companies by Barron’s Magazine.
“We are extremely proud to have once again been included on this list of 100 most sustainable companies,” said Susan Story, president and CEO of American Water. “It is our firm belief that companies do well by doing good. More and more, employees, customers and investors seek to align themselves and invest with companies that are actively committed to the betterment of society and make a positive impact and care for the environment and the communities they serve.”
This is the second year in a row that the American Water was named to this list. This year, the company ranked highest for New Jersey-based companies, coming in at No. 23 up from No. 36 last year.
American Water’s dedication to sustainability and being an environmental leader in the water industry includes reducing its greenhouse gas emissions (GHG) by 31% through 2017 and reducing it 40% by 2025. The company has reduced annual water usage by 3.5 billion gallons through conservation and will invest more than $8 billion to improve aging infrastructure to reduce and eliminate water leaks.
American Water also recently announced Kevin Kirwan as its new Chief Environmental Officer to further its commitment to being a leader in environmental sustainability, caring for the planet, and leading the nation in outstanding water safety and quality.
Last year, the company was also recognized by The Philadelphia Inquirer as one of the top-ranked companies in the Philadelphia region on diversity, governance, & transparency. American Water also announced a partnership with the Paradigm for Parity coalition and its commitment to further support inclusion and diversity efforts across its corporate leadership structure by 2030 as well as show support for the same actions in corporations across the U.S.
The company has also been included in the NAACP Equity, Inclusion and Empowerment Index and recently was one of 230 companies selected for the 2019 Bloomberg Gender-Equality Index (GEI) which distinguishes companies committed to transparency in gender reporting and advancing women’s equality.
About American Water
With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,100 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to more than 14 million people in 46 states and Ontario, Canada. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com.
SOURCE: American Water Works