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SJW Group Named One of America's Most Responsible Companies 2025 by Newsweek
SJWSJW (SJW) GlobeNewswire News Room·2025-01-21 21:15

Core Viewpoint - SJW Group has been recognized by Newsweek as one of America's Most Responsible Companies for 2025, highlighting its commitment to positive global impact through environmental and social practices [1][4]. Group 1: Corporate Responsibility and Recognition - SJW Group serves 1.6 million people across the U.S. and has been acknowledged for its dedication to community service and environmental initiatives [1][2]. - The company has also been recognized as one of America's Greenest Companies for 2025, further emphasizing its commitment to sustainability [5]. Group 2: Environmental and Social Initiatives - SJW Group has implemented various sustainability measures, including reducing Scope 1 and Scope 2 greenhouse gas emissions by 20% from 2019 to 2022, with a target of 50% reduction by 2030 [7]. - The company has advanced leak detection programs that have reduced non-revenue water to less than 10% in California [7]. - Investments in solar generation are expected to produce over 6,000 megawatt hours of electricity annually, contributing to operational cost reductions [3][7]. Group 3: Community Engagement and Support - In 2023, SJW Group secured over 900,000inassistanceforlowincomecustomersthroughfederalprogramsand900,000 in assistance for low-income customers through federal programs and 15.3 million for California customers affected by COVID-related hardships [7]. - The company has expanded its Water Rate Assistance Program (WRAP) in Connecticut, providing discounts for income-eligible customers [7]. - SJW Group has committed to dispensing 21% of its addressable 2023 spend to diverse vendors, promoting inclusivity [7].