It is important for you to know how your investments are making a difference. We wanted to share a company highlight from our Blue Summit investment models.
American Water Works, headquartered in Camden, New Jersey, is a prime example of an investment geared towards capturing growth in sustainable business. They are the largest publicly-traded U.S. water and wastewater utility company and a major advocate of sustainability in stewarding water resources in the US.
American Water Work’s commitment to its ESG goals and sustainability provide a powerful foundation to help drive the company’s performance, its growth strategy, and its environmental leadership in the water industry. These goals include:
Reduce scope 1 and scope 2 greenhouse gas emissions by more than 40% by 2025 from a 2007 baseline.
By 2035, reduce water usage by 15% in water delivered per customer compared to a 2014/2015 averaged baseline.
By 2030, increase water system resiliency to respond to more extreme events by increasing its Utility Resilience Index (URI) weighted average by 10% from a 2020 baseline.
In January, the company was ranked #6 on Corporate Knights 2022 Global 100 list of the World’s Most Sustainable Corporations. In addition, and for the fourth consecutive year, American Water was selected for the 2022 Bloomberg Gender-Equality Index (GEI) which distinguishes companies committed to transparency in gender reporting and advancing women’s equality.
We are excited to share the efforts of companies like American Water Works with our clients. They are just one example of how Blue Summit investment models provide solutions for a more sustainable future.
If you would like to dive deeper into these topics, send us a note
to join our Insider Series for an in-depth quarterly SRI update.
Blue Summit does not directly invest in American Water Works. They are a holding within the Pax Environmental Markets Fund. Some, but not all clients, are invested in this fund.