Newsweek Names California Water Service Group One of the World’s Most Trusted Companies

SAN JOSE, Calif., Sept. 4, 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 provider of industry rankings, based on feedback and analysis from utility 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 companies recognized. The 2024 list recognizes 1,000 of the largest publicly traded companies by revenue, covering 23 sectors and 20 countries. Newsweek companies with annual revenues of more than $500 million USD were considered, and the rankings were determined by both an independent survey of more than 70,000 participants who submitted 230,000 reviews, as well as a social listening analysis of more than 995,000 company listings. Group was previously named one of “America’s Most Trustworthy Companies” in March 2024.