.PHOENIX METRO, Sept. 18, 2024 (GLOBE WIRE SERVICE)-- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management business, has provided its second sustainability file, highlighting the provider's management in Total Water Administration (TWM)." Our 2023 sustainability record illustrates the natural integration of our water source control philosophy along with a sustainability version," said Global Water Assets head of state and also chief executive officer, Ron Fleming. "Given that our starting, our purpose has actually been actually to take the perks of sustainability and also environmental stewardship to the neighborhoods we serve. This year's record offers boosted clarity concerning this effort, highlighting our dedication to keeping the best standards for distinction in the market." Worldwide Water prepped the document under the style of the SASB Specifications, a stating framework governed due to the International Financial Coverage Requirement Structure (IFRS). The SASB requirements have become commonly viewed as the best requirement for providing sustainability details to economic as well as neighborhood stakeholders.The SASB requirements for water powers running in the facilities field are created to market a rigorous reporting process in locations varying from power management, water cost and access to network resilience and the impact of weather improvement." The challenges around water durability continue to progress, steered due to the proceeded drought problems in the western side united state as well as rules that take care of critical factors like pollutants in troubled water supply that need to have notable financial investment as well as much better monitoring," included Fleming. "Our record illustrates just how Global Water is well positioned to effectively attend to these difficulties as a business forerunner in Complete Water Management.".
Worldwide Water presently owns and functions 32 water systems which supply water, wastewater, and also recycled water services throughout Arizona. Its own total active duty connections exceed 63,250 at June 30, 2024, which has actually boosted at a 7.4% magnified yearly growth rate due to the fact that 2019. The company believes its own regionally scheduled service areas can ultimately offer hundreds of countless service hookups through remaining to apply its TWM stewardship exercise with its own existing permitted water supplies.The relevance of water conservation continues to be front and also facility in this particular year's file, reflecting International Water's long-time dedication to defending the world's most precious source. The file highlights the company's years of working superiority and several of its own essential innovations: Commemorated 20th wedding anniversary of offering acclaimed complete water administration to Arizona communities. Worldwide Water's prize-winning execution of TWM continues to take perks to its own customers. This integrated approach to dealing with the whole entire water cycle includes owning as well as operating water, wastewater and recycled water powers within the exact same geographical place where it may make the most of the advantageous use of recycled water. Global Water's considerable 'purple water pipes' plan preserves valuable alcohol consumption water through promoting the use of recycled wastewater alike areas. In 2023, using recycled water increased 6.2% to 1.4 billion gallons. Due to the fact that inception, Global Water has actually beneficially reused much more than 17.0 billion gallons of recycled water. As portion of Global Water's TWM initiatives, it has actually implemented a variety of wise water control courses. These programs benefit all consumers but are actually particularly beneficial to brand-new customers that have been obtained by means of the company's energetic electrical M&A course. Such programs have included the deployment of a brand-new remote control metering framework and also other state-of-the-art technologies. They have additionally included cost designs as well as incentives that have actually together caused quantifiable preservation. These programs aid to secure water supplies, especially in water-scarce areas that are experiencing populace development. These programs build on International Water's greater than 15 years of experience in applying sophisticated metering commercial infrastructure innovation that delivers meter reading records to clients numerous opportunities a time. The timeliness of the coverage helps to promote water make use of recognition and conservation. It additionally supplies real-time leak alarms that help customers protect water and stay clear of surcharges on their water bill.Global Water started a cost design that features 6 tiers of enhancing prices at pre-established thresholds located upon thousands of quarts used. The plan incentives customers that lessen their water intake to lower than 6,000 quarts of water month to month. More than 54% of Worldwide Water's customers in the Urban area of Maricopa currently benefit from this reward plan. Global Water is actually believed to be the just regulated energy in Arizona with such a six-tier cost framework that includes a discount to advertise conservation.Global Water offers a client assistance program that is actually on call to trained customers who are a low-income or even furloughed worker, or even have clinical problems. It also features set up military company members and also disabled professionals. Such qualified consumers are actually eligible to obtain a bill credit scores perk of as much as $350 each year for their water power company. This consumer assistance program supplied around $30,000 in credit scores in 2023. Active duty links improved 9.8% in 2023 to overall 61,791. The rise was actually mostly due to the acquisition of Farmers Water Co., which was completed in February 2023, as well as all natural growth. The provider's key goal has actually been actually to aggregate water and wastewater powers, to ensure customers and also their communities might understand the benefits of consolidation, regionalization, as well as environmental stewardship in light of increasing water scarcity.In 2023, Worldwide Water spent $22.3 million in the development and also renovation of the company's solution regions. According to the Arizona Trade Authorization, $76.3 billion of financing has actually been actually purchased Arizona for the years 2021 by means of 2023, which shows a rise of 274% over the coming before 3 years. This has recently included major brand new manufacturing resource news by Taiwan Semiconductor, Intel and also Proctor & Gamble.Among all marked water provider in the Phoenix and Pinal Area Energetic Control Regions, Worldwide Water's crown jewel electrical in the Area of Maricopa makes use of the 2nd most affordable overall volume of quarts per unit of population per day. Maricopa is actually the fifth fastest-growing big city in the country depending on to the USA Census Agency's latest numbers.The sustainability record also highlights Global Water's several industry honors, including nationwide recognition as a 'Electrical of the Future Today' for its superior water reuse methods through a national consortium of water and preservation organizations led by the Water Atmosphere Federation (WEF). The provider additionally acquired Cityworks' Superiority in Department Practice Honor for illustrating leadership and also creativity in using public asset administration methods to day-to-day procedures and lasting planning.
To learn more, the company's record is actually readily available to download from its website at www.gwresources.com in the Investors section.About Worldwide Water ResourcesGlobal Water Resources, Inc. is a leading water resource control company that possesses and also works 32 systems which provide water, wastewater, and recycled water companies. The firm's service regions lie mainly in development passages around cosmopolitan Phoenix az. International Water reuses over 1 billion gallons of water annually along with a total amount of 17.0 billion quarts recycled since 2004. The provider has actually been recognized for its own very helpful application of Total Water Monitoring (TWM). TWM is an incorporated technique to taking care of the whole entire water cycle that includes owning and also operating water, wastewater, and also recycled water energies within the very same geographic location to take full advantage of the beneficial use of recycled water. It makes it possible for clever water management systems including remote metering structure and also other sophisticated innovations, rate designs, as well as rewards that result in actual conservation. TWM helps guard water products in water-scarce locations experiencing population growth.Global Water has actually obtained many business awards, consisting of nationwide recognition as a 'Energy of the Future Today' for its superior water reuse process through a nationwide range of water and preservation associations led by the Water Environment Alliance (WEF). The provider likewise obtained Cityworks' Superiority in Department Method Honor for showing management and also creative thinking in applying social asset monitoring strategies to daily operations and lasting organizing.
To read more, go to www.gwresources.com.Company Call: Michael Liebman CFO as well as SVPTel (480) 999-5104 Email Call Investor Relationships Connect With: Ron Both or Give StudeCMA Real Estate Investor RelationsTel (949) 432-7566Email call.