Essential Utilities Achieves Recognition for Board Diversity
Essential Utilities (NYSE: WTRG) has proudly received acknowledgment as a Champion of Board Diversity from The Forum of Executive Women for the sixth time since its inception in 2017. This prestigious recognition highlights the contributions of Essential among 46 leading companies in the Greater Philadelphia area that are championing gender equity efforts.
Commitment to Gender Equity and Inclusion
The annual analysis performed by The Forum assesses the leadership structure of the top 100 public companies in the region. Companies that achieve a threshold of having at least 30 percent women on their boards are honored with this prestigious title. This year, Essential stands out as a model for others in the industry.
Words from Leadership
Christopher Franklin, the Chairman and CEO of Essential Utilities, expressed profound pride in receiving this esteemed recognition. He stated, “We’re proud to receive this recognition from The Forum of Executive Women and even prouder of our focus on building diversity not only on our Board but across our company. This honor highlights our strong belief that our teams must reflect the diverse communities we serve. We’re committed to continue working towards greater equity and inclusion.”
A Track Record of Recognition
Essential Utilities' commitment to diversity is not new. Alongside the recognition from The Forum, the company has also been honored with a '3+' status from 50/50 Women on Boards, indicating that the company holds at least three board seats occupied by women, showcasing their long-standing dedication towards fulfilling gender equity.
Empowering Women in Leadership
The Forum of Executive Women was established in 1977 and currently connects over 600 senior female leaders across various sectors. Their mission is to boost women's influence within workplaces and foster environments where gender equity thrives. Organizations like this play a crucial role in advocating for women's equality in leadership roles.
About Essential Utilities
Essential Utilities, Inc. (NYSE: WTRG) excels in delivering safe, clean, and reliable services that enrich the quality of life for individuals, families, and entire communities. Their comprehensive approach encompasses water, wastewater, and natural gas services. The company emphasizes sustainable growth and operational excellence, ensuring a superior customer experience while maintaining their status as a premier employer.
Community Engagement and Stewardship
In their mission to serve communities effectively, Essential Utilities operates under the Aqua and Peoples brands. Currently, they cater to approximately 5.5 million customers across nine states, establishing themselves as a significant contributor to public service. More than a service provider, Essential Utilities is dedicated to the stewardship of natural lands, protecting over 7,600 acres of forests and habitats across their network.
Looking Forward
As Essential Utilities continues to demonstrate its commitment to diversity and inclusion, the company's efforts are seen as a benchmark for the industry. The recognition by The Forum of Executive Women is not just a trophy on the shelf but a reflection of an ongoing quest for equitable representation within their ranks and the communities they serve.
Frequently Asked Questions
What is the significance of the Champion of Board Diversity title?
The Champion of Board Diversity title signifies a company's commitment to gender equity, specifically regarding the representation of women on corporate boards.
How many companies received the Champion of Board Diversity recognition?
This year, 46 companies from the Greater Philadelphia area were acknowledged for their efforts in promoting board diversity.
What percentage of women must a company's board have to be recognized?
A company must have at least 30 percent of its board comprised of women to receive this honor.
Who expressed their thoughts about the recognition received by Essential Utilities?
Christopher Franklin, the Chairman and CEO of Essential Utilities, commented on the importance of this recognition in relation to their commitment to diversity and inclusion.
What services does Essential Utilities provide?
Essential Utilities provides safe, clean, and reliable water, wastewater, and natural gas services to its customers.
