Energy Efficiency, GHG Emissions, Utilities - July 26, 2023
American Water Sets 2035 Goals
American Water, a regulated water and wastewater utility company, set a new medium-term goal of reducing absolute Scope 1 and 2 emissions by 50% by 2035 from a 2020 baseline and a new long-term goal of achieving net zero absolute Scope 1 and 2 emissions by 2050.
Details were announced in its seventh biennial Sustainability Report.
“This report highlights how we are fulfilling our mission of providing safe, clean, reliable, and affordable water and wastewater service, and doing so in a sustainable way, to American Water customers,” said M. Susan Hardwick, President and CEO of American Water, in a statement. “Our ESG business practices also benefit our shareholders, foster financial sustainability for our company, and provide stability and longevity to our share of the nation’s water and wastewater infrastructure.”
American Water prepared its Sustainability Report in accordance with the standards of the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD) and included applicable metrics from the Edison Electric Institute (EEI) and American Gas Association (AGA) ESG/sustainability reporting template.
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