SJW (SJW) Newsfilter·2025-01-21 21:15Core 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 initiatives [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]. - SJW Group is expanding the use of recycled water for irrigation and non-potable uses to lessen the demand for drinking water [7]. - The installation of solar generation is expected to produce over 6,000 megawatt hours of electricity annually [7]. Group 3: Community Support and Financial Assistance - In 2023, SJW Group secured over 15.3 million for California customers affected by COVID-related hardships [7]. - The company has expanded income eligibility for its Water Rate Assistance Program (WRAP) in Connecticut, providing discounts for local income-eligible customers [7]. - SJW Group has committed to dispensing 21% of its addressable 2023 spend to diverse vendors [7]. Group 4: ESG Analysis and Methodology - The recognition as one of America's Most Responsible Companies was based on an analysis of 30 key performance indicators related to environmental, social, and corporate governance (ESG) concerns, including energy usage and charitable donations [4].