SJW Group Announces Release of 2018 Corporate Sustainability Report
February 14 2019 - 7:29PM
Business Wire
SJW Group (NYSE: SJW), the parent company of San Jose Water –
the largest retail provider of high-quality, safe, and reliable
water service in Santa Clara County – and SJWTX, Inc., doing
business as Canyon Lake Water Service Company in the Texas Hill
Country, announced today it has issued its inaugural Corporate
Sustainability Report, covering its industry leading sustainability
measures in 2018.
“Sustainability has always played a pivotal role in our
corporate philosophy, and that’s why we’re so proud to share the
details of the many ways we’ve worked to be good stewards of your
water, your resources and your environment,” said Eric W.
Thornburg, President and CEO of SJW Group. “San Jose Water has
served its community for more than 150 years. That’s not an
accident, that’s the result of a stable company with a sustainable
mindset, planning for and protecting the future for all of us.”
Thornburg continued, “SJW Group’s Corporate Sustainability
Report provides a detailed account of not just our corporate
responsibility performance across the business, but also the ways
in which our people are showing leadership in water quality,
tackling infrastructure planning and investment and creating a
healthy sustainable business model that will carry us into the
future. We believe that engaged employees, working safely and
efficiently, coupled with smart investments in customer service,
innovation and infrastructure replacement, lead to highly satisfied
customers.”
Some of the key accomplishments SJW Group highlighted in the
report include the following:
- The opening of our reconstructed
Montevina Water Treatment Plant, which was recognized for its
achievements in environmental design by two industry
organizations;
- An asset management program that drove
more than $1 billion in capital investments in our communities over
the last decade to continue to ensure we are providing customers
with a resilient water system;
- Securing a 5-year Regional General
Permit to ensure that maintenance activities on the Los Gatos Creek
Watershed are protective of sensitive plant and animal species
while safeguarding water quality and source reliability;
- Investments in leak detection
technologies at San Jose Water, which have helped reduce our water
loss to 7.4%, less than half the average water loss across our
industry;
- Investments in energy efficiency and
resource management, to minimize our energy needs as we pump water
throughout our system to ensure reliable water service is available
to fight fires and to serve all customers whenever they need it;
and
- Employee commitments to our community
through a mix of volunteer programs, employee-led community giving
initiatives and a corporate community investment of more than
$200,000 annually in local non-profit organizations that help to
improve the quality of life in the communities where we live, work
and serve.
The full report can be found on the San Jose Water website.
About SJW Group
SJW Group is a publicly traded holding company headquartered in
San Jose, California. SJW Group is the parent company of San Jose
Water, SJWTX, Inc. and SJW Land Company. Together, San Jose Water
and SJWTX, Inc. provide water service to more than one million
people in San Jose, California and nearby communities and in Canyon
Lake, Texas and nearby communities. SJW Land Company owns and
operates commercial real estate investments.
Forward-Looking Statements
This press release may contain certain forward-looking
statements including, but not limited to, statements relating to
SJW Group's plans, strategies, objectives, expectations and
intentions, which are made pursuant to the safe harbor provisions
of the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of SJW Group to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Results for a quarter
are not indicative of results for a full year due to seasonality
and other factors. Other factors that may cause actual results,
performance or achievements to materially differ are described in
SJW Group's most recent reports on Form 10-K, Form 10-Q and Form
8-K filed with the Securities and Exchange Commission. SJW Group
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190214005982/en/
SJW GroupMediaJayme AckemannDirector of Corporate
Communications, SJW Group408-918-7247,
Jayme.Ackemann@sjwater.com
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