.PHOENIX AZ, Sept. 18, 2024 (ENTIRE WORLD WIRE SERVICE)-- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource control firm, has actually provided its own second durability record, highlighting the provider's management in Complete Water Management (TWM)." Our 2023 durability document emphasizes the natural combination of our water source control philosophy along with a durability design," stated International Water Funds president as well as CEO, Ron Fleming. "Because our beginning, our objective has actually been to carry the advantages of sustainability as well as ecological conservation to the areas our experts provide. This year's file gives improved clarity concerning this effort, highlighting our commitment to maintaining the highest specifications for superiority in the market." Global Water readied the record under the architecture of the SASB Requirements, a disclosing framework controlled by the International Financial Coverage Requirement Structure (IFRS). The SASB specifications have become extensively deemed the most effective specification for delivering durability info to monetary and area stakeholders.The SASB criteria for water energies functioning in the structure field are actually created to market a thorough reporting procedure in locations varying coming from power administration, water cost as well as accessibility to network resiliency as well as the impact of weather modification." The challenges around water sustainability remain to develop, driven by the continued dry spell problems in the western side U.S. and also requirements that take care of important elements like pollutants in struggling water supply that require notable financial investment as well as better management," added Fleming. "Our file highlights exactly how Global Water is actually properly set up to effectively attend to these problems as a market leader in Overall Water Monitoring.".
Global Water currently has as well as operates 32 water systems which offer water, wastewater, and recycled water companies throughout Arizona. Its own overall active duty links exceed 63,250 at June 30, 2024, which has boosted at a 7.4% worsened annual development fee considering that 2019. The business believes its own regionally prepared service regions can eventually offer dozens lots of service relationships by continuing to administer its own TWM conservation exercise with its own existing permitted water supplies.The significance of water conservation remains front and center in this particular year's file, reflecting Worldwide Water's long-time dedication to guarding the globe's very most precious information. The file highlights the company's years of functional superiority and numerous of its essential innovations: Commemorated 20th anniversary of supplying acclaimed overall water control to Arizona areas. Global Water's prize-winning implementation of TWM continues to carry perks to its customers. This integrated approach to dealing with the whole water cycle entails owning as well as operating water, wastewater and recycled water energies within the exact same geographical area where it may maximize the favorable use recycled water. Worldwide Water's substantial 'violet pipe' course keeps precious consuming water through facilitating the use of recycled wastewater in common locations. In 2023, using recycled water enhanced 6.2% to 1.4 billion quarts. Due to the fact that beginning, Global Water has actually beneficially recycled much more than 17.0 billion quarts of recycled water. As part of International Water's TWM projects, it has actually executed a variety of brilliant water control systems. These programs gain all clients however are actually specifically useful to brand-new consumers who have actually been obtained via the firm's active electrical M&A program. Such systems have actually featured the release of a brand-new distant metering framework and also other innovative technologies. They have likewise included price layouts and rewards that have together resulted in quantifiable conservation. These plans assist to defend water products, particularly in water-scarce areas that are actually experiencing population growth. These programs build on Global Water's much more than 15 years of knowledge in applying state-of-the-art metering structure modern technology that offers meter reading data to clients numerous times a time. The timeliness of the coverage helps to urge water utilize recognition and also conservation. It also supplies real-time leakage informs that aid consumers protect water and avoid surcharges on their water bill.Global Water spearheaded a rate concept that features 6 rates of boosting expenses at pre-established limits based upon 1000s of quarts utilized. The system rewards consumers who reduce their water usage to less than 6,000 quarts of water month to month. Much more than 54% of Worldwide Water's clients in the Area of Maricopa now take advantage of this motivation system. International Water is actually believed to be the just regulated energy in Arizona with such a six-tier cost structure that features a discount to ensure conservation.Global Water provides a customer assistance system that is available to certified customers that are actually a low-income or even furloughed worker, or possess health care challenge. It additionally includes deployed armed forces company members and also handicapped pros. Such trained clients are entitled to receive a costs credit perk of approximately $350 every year for their water electrical service. This consumer help system delivered about $30,000 in credit histories in 2023. Active duty connections improved 9.8% in 2023 to complete 61,791. The increase was mostly as a result of the accomplishment of Farmers Water Co., which was accomplished in February 2023, and also organic growth. The business's main objective has been actually to aggregate water and also wastewater energies, to ensure that customers as well as their communities might realize the perks of debt consolidation, regionalization, and environmental conservation taking into account improving water scarcity.In 2023, International Water put in $22.3 thousand in the expansion and also improvement of the provider's service locations. Depending on to the Arizona Business Authority, $76.3 billion of resources has been actually acquired Arizona for the years 2021 through 2023, which mirrors a boost of 274% over the coming before 3 years. This has just recently included primary new manufacturing resource news by Taiwan Semiconductor, Intel as well as Proctor & Gamble.Among all marked water provider in the Phoenix metro and Pinal Region Active Control Regions, Worldwide Water's crown jewel utility in the Metropolitan area of Maricopa makes use of the second most competitive complete quantity of gallons per capita daily. Maricopa is the fifth fastest-growing large metropolitan area in the nation depending on to the united state Census Bureau's most up-to-date numbers.The durability document additionally highlights Global Water's many sector awards, including national acknowledgment as a 'Electrical of the Future Today' for its own premium water reuse process through a national consortium of water as well as preservation institutions led by the Water Environment Federation (WEF). The company also acquired Cityworks' Distinction in Department Method Award for displaying management and creative thinking in using social property monitoring approaches to daily operations and also lasting preparation.
For more information, the business's document is on call to download and install from its own website at www.gwresources.com in the Financiers section.About Global Water ResourcesGlobal Water Assets, Inc. is a foremost water information administration company that owns and functions 32 units which provide water, wastewater, and recycled water companies. The provider's solution places are located mainly in growth passages around metropolitan Phoenix metro. International Water recycles over 1 billion gallons of water each year along with a total amount of 17.0 billion quarts reused considering that 2004. The company has actually been actually identified for its very helpful implementation of Overall Water Monitoring (TWM). TWM is actually an incorporated method to handling the whole entire water pattern that entails owning and operating water, wastewater, and also recycled water electricals within the same geographical place if you want to make the most of the beneficial use of recycled water. It enables wise water management courses such as remote metering commercial infrastructure as well as other state-of-the-art technologies, cost layouts, as well as motivations that lead to genuine conservation. TWM aids protect water products in water-scarce locations experiencing populace growth.Global Water has actually gotten countless market awards, including nationwide awareness as a 'Utility of the Future Today' for its superior water reuse practices through a national consortium of water and conservation companies led by the Water Environment Alliance (WEF). The business additionally acquired Cityworks' Excellence in Departmental Process Honor for demonstrating leadership and also imagination in using public possession monitoring strategies to everyday procedures and long-lasting preparing.
To get more information, check out www.gwresources.com.Company Contact: Michael Liebman CFO and also SVPTel (480) 999-5104 Email Connect With Investor Relations Contact: Ron Both or Give StudeCMA Real Estate Investor RelationsTel (949) 432-7566Email connect with.