Public Service Enterprise Group Chairman and CEO Ralph Izzo. – File photo Public Service Enterprise Group announced Friday that it has joined two campaigns that use science-based targets to aid the fight against climate change.
The Race to Zero and Business Ambition for 1.5°C campaigns are designed to help mobilize support from businesses, cities, regions and investors for a healthy and resilient zero-carbon economy, in line with global efforts to limit warming to 1.5°C.
The news comes in conjunction with the release of PSEG’s 2021 Sustainability and Climate Report, which updates the company’s achievements and goals for a wide range of topics, including air emissions, energy efficiency, transportation and waste minimization.
PSEG Chairman and CEO Ralph Izzo said climate change is the pressing issue of today and the future.
“Climate change is one of the preeminent challenges of our time, and PSEG has an obligation to help address climate change and its effect on our environment, our customers and communities around the world,” he said.
“As part of our vision of achieving net-zero emissions by 2030, PSEG has already made significant emissions reductions in our operations. Today, we are taking the next step by joining the Race to Zero and committing to develop science-based targets to help address the worst effects of climate change, particularly for vulnerable populations.”
The Sustainability and Climate Report showed PSEG’s generation portfolio emission rates for NOx and SO2 were down year-over-year by 58% and 77%, respectively, reflecting emission rates that are significantly below industry averages. Izzo saluted the results.
“Year after year, we are experiencing new weather extremes as the evidence of climate change around us grows,” he said. “Reducing the most devastating impacts of climate change while increasing resiliency will require a concerted effort by all sectors of the economy.
“At PSEG, our value creation process combines the responsible use of natural resources, technology and our workforce to deliver the energy that sustains the modern economy. Our combined 2021 Sustainability and Climate Report contains our progress to date, commitments for the future and the changes that will be needed to meet our goals.”
The report provides updates on PSEG’s progress across a range of sustainability categories, including: Air emissions: PSEG is significantly reducing air and other emissions by updating its operations and transitioning to cleaner sources of energy, and already has one of the lowest emissions rates among investor-owned power producers, according to MJ Bradley’s Benchmarking Air Emissions report, July 2021. As […]
