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Middlesex Water Earns Prime Status From ISS ESG
Rating Reflects MSEX Commitment to Corporate Social Responsibility ISELIN, N.J., Nov. 03, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the
About this update from Middlesex Water Company
[{"type":"text","content":"Rating Reflects MSEX Commitment to Corporate Social Responsibility\nISELIN, N.J., Nov. 03, 2020 (GLOBE NEWSWIRE) -- Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, has recently been recognized with PRIME status by ISS ESG, one of the world’s leading rating agencies for sustainable investments. The ISS ESG Corporate Rating considers Environmental, Social and Governance (“ESG”) practices by evaluating more than 100 industry specific indicators. Companies are categorized as Prime if their ESG performance exceeds the threshold criteria for companies in its sector. These companies are considered better positioned to cope with material ESG challenges and risks, as well as to seize opportunities, than their non-Prime peers.\n “Middlesex Water’s recognition with Prime status from ISS ESG reflects our steadfast commitment to responsible ESG practices,” said Middlesex Chairman, President and Chief Executive Officer Dennis W. Doll. “Even with the challenges of the ongoing pandemic, we have remained focused on responsibly delivering critical essential services and meeting the needs of customers and our communities while protecting the welfare of our customers, employees and the environment. As Middlesex Water continuously works to incrementally improve upon its ESG performance, we look forward to delivering additional value to our employees, shareholders, customers and communities,” said Doll. The Prime designation from ISS ESG represents a threshold metric which enables Middlesex Water shares to qualify for responsible investment within certain institutional portfolios having an ESG focus. ISS ESG delivers corporate and country ESG research and ratings to identify material social and environmental risks and opportunities, and provides an established standard in measuring, analyzing, projecting, valuing, and discounting a firm’s underlying economic profit. ISS ESG brings globally recognized expertise across the full range of sustainable and responsible investment issues. Learn more at https://www.issgovernance.com/esg/ratings/. ABOUT MIDDLESEX WATER COMPANY Established in 1897, Middlesex Water Company (NASDAQ:MSEX) serves as a trusted provider offering life-sustaining high quality water service for residential, commercial, industrial and fire protection purposes. The Company ...