Severn Trent Water Admits Serious Sewage Failings but Avoids Fine
Severn Trent (SVT.L) has admitted to 'serious and unacceptable' sewage management failings, as identified by the water regulator Ofwat. Although it avoided a fine due to proactive measures including an £98m investment in fixes, the company faces criticism for discharging raw sewage over 36,000 times last year.
Topics: corporate_governance sewage_failures water_regulation