PSEG releases progress report on environmental, social, and governance goals

Public Service Enterprise Group (PSEG) launched a new report that outlines its environmental, social, and governance (ESG) goals.

The PSEG ESG Performance Report includes stats on its sustainability and ESG goals, vehicle fleet electrification, waste reduction, as well as an overview of its COVID-19 response. The report includes the data and details of its progress, as well as PSEG’s approach to disclosure.

“Even as we devote attention to the immediate crisis of the pandemic, PSEG remains intently focused on the long-term challenges of climate change,” PSEG Chairman, President and CEO Ralph Izzo said. “The impacts of our changing climate pose risks to our environment, our communities, our economy, and our business. We’re pleased to offer the first-ever PSEG ESG Performance Report as a centralized source of data – available to anyone who wants to better understand our business strategy and evaluate our business’ impact. Our objective is to simplify and expedite the flow of information and to continuously improve our disclosure process to be more useful and transparent, which can be especially helpful to our diverse stakeholders who navigate the evolving landscape of ESG metrics.”

PSEG Senior Vice President for Corporate Citizenship Rick Thigpen said the company’s stakeholders are increasingly focused on the role environmental, social, and governance issues play for the company. Disclosing ESG data helps stakeholders better understand how PSEG meets the energy needs of the communities it serves.

“The combined impacts of the COVID-19 pandemic and steps taken to address social equity helped to make 2020 a unique year,” PSEG Chief Human Resources Officer and Chief Diversity Officer Sheila Rostiac said. “The PSEG ESG Performance Report aims to capture and share a fuller picture of what we’ve accomplished as a company. As a best-in-class employer, PSEG is stepping up support for employees, increasing our focus on DEI, increasing transparency in workforce reporting, and driving culture change for an inclusive workplace where all employees can thrive.”