Newsweek names California Water Service Group One of “World’s Most Trustworthy Companies”

Rhea-AI Summary

California Water Service Group (NYSE: CWT) has been recognized as one of the "World's Most Trustworthy Companies" by Newsweek for the second consecutive year. The utility was among only five water utilities honored in the energy and utilities category, which included 57 companies. The 2024 list features 1,000 companies across 23 industries and 20 countries, selected from stock exchange-listed firms with annual revenues exceeding $500 million USD.

The ranking was based on feedback from over 70,000 participants and a social listening analysis of more than 995,000 company mentions. Group Chairman & CEO Martin A. Kropelnicki expressed pride in the company's commitment to trustworthiness and service to stakeholders. This recognition follows Group's inclusion in Newsweek's "America's Most Trustworthy Companies" list in March 2024.

Positive

• Recognized as one of the "World's Most Trustworthy Companies" by Newsweek for the second consecutive year
• One of only five water utilities honored in the energy and utilities category
• Included in Newsweek's "America's Most Trustworthy Companies" list in March 2024

Negative

• None.

SAN JOSE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- California Water Service Group (Group) (NYSE: CWT) has earned a spot on Newsweek’s list of the “World’s Most Trustworthy Companies” for the second year in a row, the magazine announced today. The designation, also in its second year, was given to Group by Newsweek and Statista Inc., a leading statistics portal and industry ranking provider, based on feedback and analysis from the utility’s customers, investors, and employees.

Newsweek selected 57 companies to be honored in the energy and utilities category, with Group being one of only five water utilities recognized. The 2024 list recognizes 1,000 of the largest stock exchange-listed companies by revenue and spans 23 industries and 20 countries. Newsweek considered companies with annual revenues over $500 million USD, and rankings were determined through both an independent survey of more than 70,000 participants submitting 230,000 evaluations and a social listening analysis of more than 995,000 company mentions. Group was previously named one of “America’s Most Trustworthy Companies” in March 2024.

“Doing the right thing for our customers, communities, employees, and stockholders—and striving daily to be a company they can trust—has always been part of our DNA,” said Martin A. Kropelnicki, Group Chairman & CEO. “We are humbled that our customers, investors, and employees believe in us and honored that Newsweek has again named California Water Service Group one of the World’s Most Trustworthy Companies.”

The full listing and more information about the award are published online at www.newsweek.com/rankings/worlds-most-trustworthy-companies-2024.

About California Water Service Group

California Water Service Group (NYSE: CWT) is the largest regulated water utility in the western United States. It provides high-quality, reliable water and/or wastewater services to more than 2.1 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. 

Group’s purpose is to enhance the quality of life for customers, communities, employees, and stockholders. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company’s 1,200+ employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The company has been named one of “America’s Most Responsible Companies” and the “World’s Most Trustworthy Companies” by Newsweek, a Top Workplace, and a Great Place to Work^®. More information is available at www.calwatergroup.com.

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

FAQ

What recognition did California Water Service Group (CWT) receive from Newsweek in 2024?

California Water Service Group was named one of the "World's Most Trustworthy Companies" by Newsweek for the second consecutive year in 2024.

How many water utilities were recognized in Newsweek's 2024 "World's Most Trustworthy Companies" list?

California Water Service Group was one of only five water utilities recognized in the energy and utilities category of Newsweek's 2024 "World's Most Trustworthy Companies" list.

What criteria were used to select companies for Newsweek's 2024 "World's Most Trustworthy Companies" list?

Companies were selected based on feedback from over 70,000 participants, a social listening analysis of more than 995,000 company mentions, and annual revenues exceeding $500 million USD.

Has California Water Service Group (CWT) received any other trustworthiness recognition in 2024?

Yes, California Water Service Group was also named one of "America's Most Trustworthy Companies" by Newsweek in March 2024.