PSEG Extends its Track Record of Climate Action, Clean Energy and ESG
NEWARK, N.J., Nov. 23, 2021 /PRNewswire/ — Public Service Enterprise Group has been named to the Dow Jones Sustainability Index for North America for the 14th consecutive year – recognizing PSEG’s commitment to sustainable and ethical practices and long track record of achievement across environmental, social and governance (ESG) criteria. Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company. Its operating subsidiaries are: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Long Island. The DJSI recognizes forward-thinking companies based on an appraisal of the company’s strategy, management and performance in dealing with opportunities and risks deriving from ESG factors. The DJSI tracks the performance of the 600 largest U.S. and Canadian companies in the S&P Global Broad Market Index and acknowledges the top 20% that lead the field in terms of sustainability.
"The Dow Jones Sustainability Index recognizes companies that succeed in ESG, understanding that ESG is critical to building businesses that are sustainable for the next 100 years," said PSEG Chairman, President and CEO Ralph Izzo, who was one of only three U.S. utility CEOs to attend the recent COP26 climate conference in Glasgow, Scotland, where he shared PSEG’s approach to clean energy and sustainable operations. "Sustainability is central to PSEG’s purpose of providing safe, reliable and essential energy services to our customers, but it’s about more than products and services. Sustainability encompasses how we have helped our employees navigate the COVID-19 pandemic, providing resources and flexibility so that no one is left behind. It’s also reflected in how we care for our communities, by funding efforts to support education and workforce development and to address racial injustice."
"These actions are not ‘extras,’ but rather the realization of our strategy to support the long-term interests of our business, our people and our communities," Izzo said.
Highlights of PSEG’s commitment to ESG include the following.
