Newark-based Public Service Enterprise Group has been included on the Dow Jones Sustainability Index for North America for the 12th year in a row.
PSE&G says its recognition represents its ongoing and longtime commitment to sustainable and ethical practices. PSEG was one of seven U.S. utility companies selected for the list.
PSEG in Newark. – NJBIZ FILE PHOTO
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 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 acknowledges the top 20 percent that lead the field in terms of sustainability.
In 2009, PSEG established a goal of reducing company-wide GHG emissions by 25 percent from 2005 levels by 2025. PSEG met this goal 14 years ahead of schedule.
PSEG’s nuclear plants supply more than 90 percent of the state’s carbon emissions-free power.
One other New Jersey company made the list: Franklin Lakes-based medical device manufacturer Becton Dickinson and Co.
