Marking a decade of sustainability leadership, Public Service Enterprise Group (PSEG) has been named to the Dow Jones Sustainability Index for North America for the 10th consecutive year.
The Dow Jones Sustainability Indices (DJSI) recognize forward-thinking companies based on an appraisal of the company’s strategy, management and performance in dealing with opportunities and risks deriving from environmental, social and governance factors. The DJSI tracks the performance of the 600 largest U.S. and Canadian companies in the S&P Global Broad Market Index and recognizes the top 20 percent that lead the field in terms of sustainability. PSEG was one of seven American utility companies selected for the list.
“Our 13,000 employees work every day to build a sustainable energy future — one that fosters economically viable and environmentally advantaged solutions for people and our planet,” said Ralph Izzo, PSEG’s chairman, president and CEO. “Securing a position on the list of North America’s top sustainable companies for a decade is a strong endorsement of our efforts. We are well aware that our success depends on being responsive to the energy needs of our customers and the larger society around us.”
In 2016, PSEG continued its focus on providing reliable and cleaner energy. PSE&G, the company’s regulated utility, is in the midst of replacing 500 miles of aging natural gas pipe throughout New Jersey and has proposed accelerating the replacement of an additional 1,250 miles of gas lines. This project will enhance the safety and reliability of the company’s energy infrastructure, reduce methane emissions, and create hundreds of jobs.