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Global Water Resources Issues Inaugural Annual ESG Report
PHOENIX, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has issued its first
About this update from Global Water Resources, Inc.
[{"type":"text","content":"PHOENIX, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has issued its first annual environmental, social, and governance (ESG) and sustainability report which highlights its leadership in Total Water Management (TWM). “Since our founding, our primary mission has been to bring the benefits of sustainability and environmental stewardship to the communities we serve,” stated president and CEO of Global Water Resources, Ron Fleming. “Our new report provides another level of transparency to this pursuit and demonstrates our commitment to aspire to the industry’s highest standards of excellence.” Global Water prepared the report under the architecture of the Sustainable Accounting Standards Board (SASB), a reporting framework governed by the International Financial Reporting Standards Foundation (IFRS). SASB has become recognized worldwide as a standard for corporate reporting of ESG and sustainability practices. SASB standards for water utilities operating in the infrastructure sector are designed to promote a rigorous reporting process in areas ranging from energy management, water affordability and access, to network resiliency and the impact of climate change. Companies reporting using SASB methodology provide quantitative data and qualitative assessments across 28 key metrics. The number of companies reporting on their ESG performance have grown over the last several years, as financial and community stakeholders have increasingly sought transparency with sustainability practices. Ernst & Young reported that 96% of S&P 500 companies and 81% of Russell 1000 organizations voluntarily publish ESG reports. “New challenges of water sustainability continue to emerge, such as the continued mega drought in the western U.S., new regulations addressing important factors like contaminants, or troubled water systems needing significant investment and better management,” continued Fleming. “We believe this new report reveals that Global Water is well positioned to address these challenges as an industry leader in Total Water Management.” Water stewardship is front and center in Global Water’s inaugural report, reflecting Global Water's long-time commitment to protecting the world’s most precious resource. The report highlights several of Global Water’s key innova...