PSEG included in Dow Jones Sustainability Index
Public Service Enterprise Group has been included on the Dow Jones Sustainability Index (DJSI) for the 11th straight year.
The DJSI includes companies that exhibit strength related to environmental, social and governance factors. The assessment is conducted annually by sustainability investment specialist RobecoSAM based on a review of environmental performance, innovation management, corporate governance, risk management, stakeholder engagement, and talent attraction and retention. PSEG was one of six U.S. utility companies selected for the list.
Company officials said it shows PSEG’s commitment to sustainable and ethical practices.
“Our inclusion on the Dow Jones Sustainability Index list for 11 straight years validates our efforts to provide a sustainable future for the customers and communities we serve,” Ralph Izzo, PSEG’s chairman, president and CEO, said. “Sustainability is at the center of PSEG’s vision and operations, driving innovation and investment as we move toward a clean energy future. This recognition reflects the dedication of PSEG’s 13,000 employees to continuously pursue more sustainable ways to provide clean, affordable and reliable energy.”
PSEG recently proposed a Clean Energy Future program, which includes energy efficiency, electric vehicle charging infrastructure, battery storage and smart meter initiatives. The program is expected to reduce carbon dioxide emissions by about 40 million tons over its lifetime. That would be the equivalent of removing about 380,000 cars annually by 2025, growing to about 800,000 cars annually by 2035.
Further, PSEG will incorporate the Edison Electric Institute’s (EEI) environmental, social, governance and sustainability-related (ESG/sustainability) reporting template into its annual ESG reporting. This is part of an effort by EEI to help provide the financial community with more uniform ESG/sustainability data and information.
