Prativa Gurung, Senior Financial Analyst
DC Water Investor Relations
DC Water Investor Relations
Add this issuer to your watchlist to get alerts about important updates.
Water today issued its second annual Environmental, Social, and Governance (ESG) report, which provides a detailed update on ESG-related programs, projects, initiatives, and goals that occurred over the course of the fiscal year of 2022 (FY22). This report builds on the organization’s inaugural FY21 report, as it recognizes the related but distinct role resiliency plays in our enterprise, making it an ESG+R report, and provides an emphasis on accountability, resiliency, and a more integrated relationship with DC Water’s Enterprise Risk Management (ERM) program.
“DC Water remains the only municipal water utility to produce and publish this type of comprehensive ESG report,” said David Gadis, CEO and general manager of DC Water. “Prioritizing ESG-related activities has significantly advanced our mission to provide high-quality water services in a safe, sustainable, and efficient manner. The FY22 report continues to hold us accountable to our many goals and objectives in numerous ways, such as by publishing 33 indicators that showcase our ESG performance over the past year relative to the targets originally set. We see our ESG program as a critical tool to our success.”
The ESG+R report provides additional information on topics such as climate resiliency, risks, and opportunities through the adoption of the Task Force on Climate-Related Financial Disclosures (TCFD) framework. This disclosure details DC Water’s governance, strategy, risk management, metrics, and targets for mitigating and adapting to climate change.
“We are pleased to report the progress made within the last year in relation to DC Water’s ESG-related initiatives,” said DC Water Chair of the Board of Directors, Tommy Wells. “This report enables DC Water to build trust and hold itself accountable for the many efforts it is undergoing to enhance operations. The ESG+R report, working alongside the updated strategic plan, Blueprint 2.0, enables DC Water to leave lasting positive impacts on the surrounding community and ecosystem. We look forward to tracking more progress throughout the upcoming years.”
Highlights from the report include, but are not limited to, the following:
To read the full FY22 ESG+R report, please click here.