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American Water Helps Fund 53 Environmental Projects through Grant Program
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
American Water (NYSE: AWK) has awarded over $186,000 to 53 community projects as part of its 2021 Environmental Grant Program, aimed at improving watersheds in 10 states. Since its inception in 2005, the program has provided more than $1.8 million to 605 projects. The company emphasizes its commitment to environmental stewardship alongside its mission to provide safe and reliable water services. Applications for the 2022 program are being accepted until March 31, 2022.
Positive
Awarding over $186,000 to 53 community projects can enhance company reputation.
Continued investment in community environmental initiatives supports sustainability.
Over $1.8 million provided since 2005 demonstrates long-term commitment to environmental projects.
Negative
None.
Company awards over $186,000 to community projects across the country
CAMDEN, N.J.--(BUSINESS WIRE)--
American Water (NYSE: AWK), the nation’s largest publicly traded water and wastewater utility company, announced today the recipients of the company’s 2021 Environmental Grant Program awards. The company has committed to provide support of over $186,000 to 53 community projects that improve, restore, or protect watersheds throughout their service areas in 10 states.
“American Water’s commitment to providing our customers with clean, safe, reliable water and wastewater service also means that we also have a commitment to protecting our environment,” said Lynda DiMenna, Chief Environmental Officer of American Water. “We are proud to collaborate with community partners through this grant program to help develop the next generation of environmental leaders who will cherish our shared resources and educate others on the critical role that nature plays in our everyday lives.”
Established in 2005, American Water’s Environmental Grant Program offers funds for innovative, community-based environmental projects that improve, restore or protect the watersheds, surface water and/or groundwater supplies in the communities it serves. After 15 years, American Water’s environmental grant program has provided more than $1.8 million of needed support for 605 projects.
Applications must be postmarked by March 31, 2022.
About American Water
With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to more than 14 million people in 24 states. American Water provides safe, clean, affordable, and reliable water services to our customers to help keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.
