STOCK TITAN

California Water Service Group Donates More than $1.5 Million to Local Community Organizations in 2023

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
California Water Service Group (CWT) contributed $1.56 million in 2023 to charitable organizations and first responders, allocating 22% to at-risk communities, 22% to community improvement, 14% to support emergency services, and 13% for educational grants. The company also provided in-kind services and matched employee charitable donations up to $250 per employee per year.
Positive
  • None.
Negative
  • None.

SAN JOSE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) contributed $1.56 million in 2023 to charitable organizations and first responders in its communities, just one of the many ways it demonstrates its commitment to enhancing the quality of life for those it serves.

Last year, Group allocated 22% of its community giving efforts to support at-risk, underserved, and disadvantaged communities. An additional 22% went to community improvement efforts across the utility’s service areas; 14% to support firefighters, police officers, and first responders; and 13% for educational grants. The remainder of the donations went to organizations focused on youth, healthcare, veterans, and animal welfare.

The numerous beneficiaries—such as the Bakersfield Homeless Center, Food Bank for Monterey County (King City and Salinas, Calif.), Kaweah Delta Hospital Foundation (Visalia, Calif.), Samaritan House for flood relief (San Mateo, Calif.), Hawaii Community Foundation in the wake of the devastating Lahaina Fire, Valencia Shelter for Victims of Domestic Violence (Los Lunas, N.M.), and Gig Harbor Peninsula (Wash.) Fish Food Bank—all share Group’s commitment to helping people live better lives.

Group also provided in-kind services during a three-month “Season of Service” effort that involved nearly half of the company’s employees in volunteer projects. Additionally, through its employee charitable donation-matching program, Group matches up to $250 per employee per calendar year.

“We are committed to being an asset to our communities. We invest time and resources in organizations that make a real difference, and when our communities have a need, we want to be there, knowing that even the smallest act of kindness can make a big impact,” said Martin A. Kropelnicki, Chairman and CEO.

All contributions are part of Group’s philanthropic giving program and do not affect customers’ rates.

About California Water Service Group
California Water Service Group is the largest regulated water utility in the western United States. It provides high-quality, reliable water and/or wastewater services to more than 2 million people in California, Hawaii, New Mexico, Washington, and Texas through its regulated subsidiaries, California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, and its utility holding company, Texas Water Service. 

What sets Group apart is its commitment to enhancing the quality of life for its customers, communities, employees, and stockholders.  Guided daily by their promise to provide quality, service, and value, Group’s 1,200+ employees lead the way in working to protect the planet, care for people, and operate with the utmost integrity.  Integral to Group’s strategy is investing responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being.  The company has been named one of “America’s Most Responsible Companies” and the “World’s Most Trustworthy Companies” by Newsweek and a Great Place to Work®.  More information is available at www.calwatergroup.com.

Media Contact
Yvonne Kingman (media)
ykingman@calwater.com
310-257-1434


FAQ

How much did California Water Service Group (CWT) contribute to charitable organizations and first responders in 2023?

California Water Service Group (CWT) contributed $1.56 million in 2023 to charitable organizations and first responders.

What percentage of the community giving efforts by California Water Service Group (CWT) went to at-risk communities?

22% of the community giving efforts by California Water Service Group (CWT) went to support at-risk communities.

How much did California Water Service Group (CWT) allocate to community improvement efforts across its service areas?

California Water Service Group (CWT) allocated 22% of its community giving efforts to support community improvement across its service areas.

What is the maximum amount California Water Service Group (CWT) matches for employee charitable donations per year?

California Water Service Group (CWT) matches up to $250 per employee per calendar year for employee charitable donations.

California Water Service

NYSE:CWT

CWT Rankings

CWT Latest News

CWT Stock Data

2.71B
58.89M
0.72%
88.27%
1.09%
Utilities - Regulated Water
Water Supply
Link
United States of America
SAN JOSE