ABOUT US OUR CORE BUSINESSES INVESTOR INFORMATION SUSTAINABILITY MEDIA CONTACT US SEARCH Green Recovery You are here: Home/Investor Information/Green Recovery Following the UK Government's commitment to both build back better and build back greener, we were pleased to have been asked to consider ways in which we could support the green economic recovery. Our Green Recovery Initiative, developed with customers and stakeholders, proposed a set of schemes benefiting our region - delivering significant benefits for customers, society and the environment. Following a detailed assessment by Regulators, Ofwat has now published their draft green economic recovery decisions, outlining £81 million of additional environmental investment for South West Water's Green Recovery Initiative over the period to 2025, with no impact to customer bills in K7. South West Water's Green Recovery Initiative includes investment across the whole of the region that supports the creation of c.500 jobs, benefits the wider supply chain and provides opportunities for South West Water's existing workforce to gain new skills. Our proposals incorporate an important and manageable set of schemes in addition to our existing K7 business plan commitments - supported by our customers, with a customer acceptance rating of 81%, along with the support of South West Water's independent WaterShare+ Advisory Panel. Ofwat's draft decisions will allow us to take extra action on the most pressing environmental issues. Our proposals include a range of initiatives which include taking action to eliminate harm from storm overflows and trialling improvements to river quality to match standards of bathing waters. Alongside this, many of our initiatives also support the achievement of our ambitious net zero carbon commitment including extensive peatland restoration in the South West, the development of our low-carbon water treatment works, and helping customers to create smarter, healthier homes. Susan Davy, Pennon's Chief Executive Officer said: "Our Green Recovery Initiative is focused on opportunities to make an even bigger environmental and societal contribution to the South West for the longer term than we already do today. We are confident South West Water can step up to the challenge, deliver for our customers and communities, and play our part in the Green Recovery." We are confident South West Water can step up to the challenge, deliver for all, and play our part in the Green Recovery. Further detail on our Green Recovery Initiative is available here: https://www.southwestwater.co.uk/greenrecovery Results, Reports and Presentations 2020/21 Financial Statements RNS Announcements Acquisition of Bristol Water Return of capital to shareholders Green Recovery Share Price Information Financial Calendar Dividends Shareholder Services Pennon Capital Markets Events Price Review (PR19) Sustainable Financing Framework WaterShare+ Disposal of the Viridor Business OUR CORE BUSINESSES Go to South West Water website QUICK LINKS About Us Our Latest Pennon News Our Group Tax Strategy Our Board of Directors Our History Contact Us Supplier Terms and Conditions INVESTOR LINKS Annual Report 2021 Online Annual Report 2021 Share Price Financial Calendar Reports and Presentations Shareholder Services STAY IN TOUCH +44 (01392) 446677 Follow us on twitter Sign up for email alerts © Copyright 2021. Delivered by Investis Privacy Policy Cookie Policy Terms and Conditions Copyright Accessibility Site map We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.View our Cookie Policy Accept Cookies Cookie Settings