American Water Publishes 2022 Supplier Diversity Economic Impact Report
CAMDEN, N.J.–(BUSINESS WIRE)–American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced today that it has published its 2022 Supplier Diversity Economic Impact Report, measuring the economic benefits of American Water’s purchases from small and diverse businesses.
“American Water is thrilled to issue our impactful supplier diversity metrics and additional information on our inclusion, diversity and equity journey,” said Lawrence B. Wooten, Senior Manager, National Supplier Diversity, American Water. “We are fully committed to supplier diversity. Our efforts drive innovation and our openness to new and innovative ideas illustrate that we are dedicated to building a culture that celebrates diversity through inclusion and equitable access to business opportunities.”
In 2022, American Water’s impact led to over $846.7 million in contributions to the U.S. economy and sustained more than 4,342 jobs. Additional measures within the Supplier Diversity Economic Impact Report include diverse spend, jobs and wages supported, along with other key metrics by state. To view the full report, visit: https://www.amwater.com/corp/resources/PDF/partners-suppliers/amwater-economic-impact-study.pdf.
American Water has also received several awards in recognition of its commitment to ID&E, including:
- Recognized as a top-scoring company for the fifth consecutive year on the 2023 Disability Equality Index® (DEI)
- Named one of the 2023 America’s Top Corporations for Women’s Business Enterprises (WBEs) by the Women’s Business Enterprise National Council (WBENC)
- Named in 2023 to Impact Shares NAACP Minority Empowerment ETF (NACP)
- Recognized by 50/50 Women on Boards™ (50/50WOB) for its Gender-Balanced Board of Directors
- Named 2023 Best of the Decade honoree provided by Minority Business News USA (MBN USA) and Women’s Enterprise USA (WE USA)
- Earned the 2023 VETS Indexes 3-Star Employer designation provided by VETS Indexes for the third consecutive year
For a full list of awards and recognitions and to learn more about American Water’s Inclusion, Diversity & Equity strategy, visit diversityataw.com.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water’s 6,500 talented professionals leverage their significant expertise and the company’s national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
As one of the fastest growing utilities in the U.S., American Water expects to invest $30 to $34 billion in infrastructure repairs and replacement, system resiliency and regulated acquisitions over the next 10 years. The company has a long-standing history of executing its core operations, aligned with sustainable best practices, through its commitments to safety, affordability, customer service, protecting the environment, an inclusive workforce and strengthening communities.
American Water has been recognized on the 2023 Bloomberg Gender-Equality Index for the fifth consecutive year, ranked 18th on Barron’s 100 Most Sustainable U.S. Companies 2023 List, earned the U.S. Department of Homeland Security SAFETY Act designation and U.S. Environmental Protection Agency’s WaterSense® Excellence Award, among additional state, local and national recognitions.
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, Twitter and Instagram.
Contacts
Media:
Alicia Barbieri
Manager, Corporate Communications
(856) 676-8103
