California Water Service Group Announces Science-Aligned Greenhouse Gas Emissions Reduction Target
18 März 2024 - 9:15PM
California Water Service Group (Group) (NYSE: CWT) today announced
its commitment to reducing absolute Scope 1 and 2 greenhouse gas
(GHG) emissions by 63% by 2035 from a 2021 base year, a target
which is science-aligned and supports limiting global temperature
increases to 1.5-degree Celsius above preindustrial levels.
According to Chairman, President & Chief Executive Officer
Martin A. Kropelnicki, Group took a thoughtful, data-driven
approach, partnering with an independent consultant
to:
- Understand the target landscape and best practices.
- Analyze baseline and projected activities and emissions over
the target timeframe.
- Estimate existing, planned, and potential additional emissions
reduction initiatives.
- Model target scenarios and decarbonization roadmaps.
- Develop an interdisciplinary and active strategy to achieve the
selected targets.
“We are committed to delivering value to customers and
stockholders while pursuing our reduction targets. We project that
ambitious renewable portfolio standards in the states where we
operate will reduce emissions intensity of the electrical grid,
which will support our targeted emissions reductions,” Kropelnicki
said. “At the same time, we intend to continue to pursue a
portfolio of GHG emissions reduction projects focused on fleet
electrification, water conservation, onsite solar installations,
and renewable electricity procurement. We plan to evolve our
decarbonization strategy if warranted by changes in our industry,
business, and/or operating environment.”
More information regarding Group’s ESG strategy is available at
www.calwatergroup.com/esg. Group anticipates providing additional
details regarding this target and related emissions reduction
initiatives in its upcoming 2023 ESG Report, which it expects to
publish in May 2024.
About California Water Service GroupCalifornia
Water Service Group is the largest regulated water utility in
the western United States. It provides high-quality, reliable water
and/or wastewater services to more than 2 million people in
California, Hawaii, New Mexico, Washington, and Texas through its
regulated subsidiaries, California Water Service, Hawaii Water
Service, New Mexico Water Service, and Washington Water Service,
and its utility holding company, Texas Water Service.
Group’s purpose is to enhance the quality of life for customers,
communities, employees, and stockholders. To do so, it
invests responsibly in water and wastewater infrastructure,
sustainability initiatives, and community well-being. The
company’s 1,200+ employees live by a set of strong core values and
share a commitment to protecting the planet, caring for people, and
operating with the utmost integrity. The company has been
named one of “America’s Most Responsible Companies” and the
“World’s Most Trustworthy Companies” by Newsweek and a Great Place
to Work®. More information is available
at www.calwatergroup.com.
Media ContactYvonne Kingman
(media)ykingman@calwater.com310-257-1434
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