American Water Works is the largest publicly-traded water and wastewater utility in the United States. The company provides drinking water and wastewater services to approximately 15 million people across 47 states and in Ontario, Canada. Headquartered in Voorhees, New Jersey, American Water has nearly 7,000 employees and 48,000 miles of pipeline infrastructure.
Each year, American Water Works invests more than $1 billion to improve its water infrastructure network throughout the country. These upgrades enhance water quality while also creating a more efficient network that has reduced leaks while saving resources. American Water has reduced its greenhouse gas emissions more than 24% by increasing the operational efficiency of its pumps and utilizing fleet vehicles that consume less fuel. The company has also reduced its waste to landfill 12% in recent years and more than 80 of its facilities can now treat water for reuse. Additionally, American Water has various customer service initiatives, including several outreach programs to encourage water conservation and efficiency. In the past twelve years, initiatives like the company’s water efficiency appliance rebate program have helped reduce residential water consumption up to 17%. On average, 60,000 hours of safety training are undertaken by American Water employees each year. The company and its employees have donated more than 12,000 hours of time to philanthropy since 2012.
American Water Works publishes biannual corporate social responsibility reports that measure environmental performance from the previous two years. Additionally, while the company has committed to protecting ecosystems, each of its operations have an independent biodiversity approach, making it difficult to monitor progress.
Country: United States
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 06/30/2017 and may not reflect current opinions or subsequent events.