South West Water remains committed to operating its business adhering to the highest standards of corporate governance, including transparency of reporting to its investors, customers, regulators and other stakeholders. We see strong governance as central to the successful management of any company, and the framework for the effective delivery of our own strategy and sustainability objectives.

Our governance structure is designed to ensure that we operate effectively and cohesively across the Pennon Group with efficient and transparent decision making while preserving the degree of regulatory Independence required for South West Water’s ringfenced regulatory business.

Transfer of Bristol Water

On 1st February 2023, the Bristol Water business transferred to South West Water ("SWW") by way of an approved transfer scheme under Schedule 2 of the Water Industry Act 1991 (the “Scheme”). Under the Scheme, the property, rights and liabilities of Bristol Water Plc transfer to SWW as if SWW had always been the owner. 

Effective at the same time, SWW became the provider of drinking water services to the area previously served by Bristol Water Plc following a variation to SWW’s licence and termination of Bristol Water Plc’s licence by industry regulator Ofwat. 

Bristol Water will continue to deliver for the 1.2 million customers in the area as a brand of SWW - retaining a local identity and presence for customers and communities. SWW is committed to delivering Bristol Water’s agreed 2020-2025 regulatory business plan and commitments.