ARTESIAN RESOURCES CORPORATION
Climate Impact & Sustainability Data (2018, 2023)
Reporting Period: 2018
Environmental Metrics
Water Consumption:7.9 billion gallons
ESG Focus Areas
- Environmental Stewardship
- Community Investment
- Water Resource Management
Environmental Achievements
- Reclaimed over 600 million gallons of water resources, nearly 100 million gallons used for spray irrigation.
- Upgraded, replaced or brought online 11 wells to keep 3.0 million gallons a day of available water supply in service
- Renewed 7.4 miles of water main in 14 communities replacing 750 water services and 40 fire hydrants in New Castle County, Delaware
- Began iron/manganese treatment at two large water treatment facilities
Social Achievements
- Raised $71,000 at the 8th Annual Charitable Golf Outing, totaling $308,732 since inception.
- Artesian employees volunteered for Habitat for Humanity, helping build homes in Ellendale, Delaware.
- Employees participated in the Christina River Watershed Cleanup, removing over two tons of trash and tires.
Governance Achievements
- Appointed Michael Houghton to the Artesian Board of Directors.
- Increased shareholder dividends twice in 2018
Climate Goals & Targets
Environmental Challenges
- Aging water main infrastructure.
- Increasing levels of iron and manganese in raw water sources.
- Low levels of perfluorinated compounds detected in some wells.
- Seasonal fluctuations in water demand.
Mitigation Strategies
- Invested $16.4 million in transmission and distribution facilities, installing 21 miles of water main.
- Invested $4.7 million in treatment upgrades to remove iron and manganese.
- Removed impacted wells from service and installed carbon treatment systems.
- Developed Aquifer Storage and Recovery system to augment supplies during summer months.
- Partnerships with local communities for water supply and wastewater treatment.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Drought conditions
Reporting Period: 2023
Environmental Metrics
Water Consumption:8.7 billion gallons in Delaware systems; 105.5 million gallons in Maryland systems
Social Achievements
- Wellness program designed to enhance physical, financial, and mental wellbeing for all employees.
Climate Goals & Targets
Environmental Challenges
- Aging infrastructure may lead to service disruptions, property damage and increased capital expenditures and operation and management costs.
- Severe weather, climate variability patterns and natural or other events may cause weather volatility in the future and may impact water usage and related revenue, or may require additional expenditures.
- Potential climate variability challenges include the following: increased frequency and duration of droughts, increased precipitation and flooding, increased frequency and severity of storms and other weather events, potential degradation of water quality, unexpected changes in temperature, increases in ocean levels, disruptions in water or wastewater services to our customers, decreases in available water supply, extreme changes in water usage patterns, increases in expenditures to repair any damages, increases in costs to reduce risks associated with significant weather events or natural disasters, and increases in costs to improve the reliability of our water and wastewater systems and facilities.
- Compliance with [climate-related regulations] could lead to increased environmental compliance expenditures, increased energy and raw materials costs and new and/or additional investment in designs and technologies.
Mitigation Strategies
- Security measures in place at our facilities to reduce the possibility of occurrences of sabotage, vandalism, or terrorism and to secure our water and wastewater systems.
- Continually assess our compliance status and management of environmental matters to ensure our operations are in compliance with all applicable environmental laws and regulations.
- Signing multi-year supply contracts at fixed prices to mitigate future significant electric price increases.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- increased frequency and duration of droughts, increased precipitation and flooding, increased frequency and severity of storms and other weather events
Transition Risks
- regulatory changes