SJW Group attained the highest ranking of any
water utility included in the index.
SJW Group (NYSE: SJW) was recently recognized in the Newsweek
Excellence 1000 Index 2024. The venerable magazine’s index ranks a
select group of 1000 companies globally, spanning more than 25
industries and 100 categories, that have been identified as
exemplars of corporate success and responsibility.
SJW Group is the highest-ranking water utility company on the
index. Positioned in the top 20 percent of companies at #190, SJW
Group earned a rating equivalent to such famed brands as Nike, IBM
and Marriott International. Only 16 utilities made the list of 1000
exceptional companies, only four of which provide water
service.
SJW Group is among the largest investor-owned pure-play water
and wastewater utilities in the United States, providing
life-sustaining and high-quality water service to about 1.5 million
people. SJW Group’s locally led and operated water utilities
include San Jose Water Company in California; The Connecticut Water
Company in Connecticut; The Maine Water Company in Maine; and
SJWTX, Inc. (dba The Texas Water Company) in Texas.
Produced in partnership with the Best Practice Institute (BPI),
an award-winning leadership development center and research
institute, the Newsweek Excellence 1000 Index was published in
November of 2023. It ranks a select group of companies, “as
exemplars of corporate excellence—setting a benchmark for industry
standards,” heading into the new year. Companies selected for the
index “exhibit a firm commitment to best practices in business and
financial growth while serving customers, stakeholders, and
communities with a dedication to social responsibility and ethical
standards.”
“Achieving this kind of recognition is an incredible honor that
reflects the dedication and hard work of all of our employees,
nationwide,” said SJW Group Chair, President and CEO Eric W.
Thornburg, “We are unwaveringly committed to delivering real value
and reliable, high-quality water service to all of our customers,
communities, and stakeholders. As trusted, passionate and socially
responsible professionals, it is core to who we are and what we
do.”
According to Newsweek Global Editor-In-Chief Nancy Cooper,
“Today, the global community demands more from corporations than
ever before. The spotlight is on those who not only navigate the
complexities of the business world but also prioritize the
well-being of their customers, the prosperity of stakeholders, and
the betterment of their communities.”
Best Practice Institute listing:
https://excellence.bestpracticeinstitute.org/company/san-jose-water-company/
About SJW Group
SJW Group is among the largest investor-owned pure-play water
and wastewater utilities in the United States, providing
life-sustaining and high-quality water service to about 1.5 million
people. SJW Group’s locally led and operated water utilities — San
Jose Water Company in California, The Connecticut Water Company in
Connecticut, The Maine Water Company in Maine, and SJWTX, Inc. (dba
The Texas Water Company) in Texas — possess the financial strength,
operational expertise, and technological innovation to safeguard
the environment, deliver outstanding service to customers and
provide opportunities to employees. SJW Group remains focused on
investing in its operations, remaining actively engaged in its
local communities, and delivering continued sustainable value to
its shareholders. For more information about SJW Group, please
visit www.sjwgroup.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, as
amended. Some of these forward-looking statements can be identified
by the use of forward-looking words such as “believes,” “expects,”
“estimates,” “anticipates,” “intends,” “seeks,” “plans,”
“projects,” “may,” “should,” “will,” or the negative of those words
or other comparable terminology.
These forward-looking statements are only predictions and are
subject to risks, uncertainties, and assumptions that are difficult
to predict. These forward-looking statements involve a number of
risks, uncertainties and assumptions including, but not limited to,
the following factors: (1) the effect of water, utility,
environmental and other governmental policies and regulations,
including regulatory actions concerning rates, authorized return on
equity, authorized capital structures, capital expenditures and
other decisions; (2) changes in demand for water and other
services; (3) unanticipated weather conditions and changes in
seasonality including those affecting water supply and customer
usage; (4) the effect of the impact of climate change; (5)
unexpected costs, charges or expenses; (6) our ability to
successfully evaluate investments in new business and growth
initiatives; (7) contamination of our water supplies and damage or
failure of our water equipment and infrastructure; (8) the risk of
work stoppages, strikes and other labor-related actions; (9)
catastrophic events such as fires, earthquakes, explosions, floods,
ice storms, tornadoes, hurricanes, terrorist acts, physical
attacks, cyber-attacks, epidemic, or similar occurrences; (10)
changes in general economic, political, business and financial
market conditions; (11) the ability to obtain financing on
favorable terms, which can be affected by various factors,
including credit ratings, changes in interest rates, compliance
with regulatory requirements, compliance with the terms and
conditions of our outstanding indebtedness, and general market and
economic conditions; and (12) legislative, and general market and
economic developments. The risks, uncertainties and other factors
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 Annual Report on
Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K filed with the SEC. Forward-looking statements are not
guarantees of performance and speak only as of the date made. 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/20231219679166/en/
Pal Hollywood Corporate Communications Manager, SJW
Pal.Hollywood@sjwater.com 408 769 9180
SJW (NYSE:SJW)
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