PSEG Ranked No. 1 Utility in 100 Best Corporate Citizens of 2022
PSEG Ranked No. 8 Overall on the List
Originally published on PSEG NewsRoom
NEWARK, NJ., May 18, 2022 /3BL Media/ – 3BL Media named PSEG to its annual 100 Best Corporate Citizens ranking, ranking number one in the utility industry and eighth overall. The 100 Best Corporate Citizens ranking recognizes outstanding environmental, social and governance (ESG) transparency and performance among the 1,000 largest U.S. public companies.
The 100 Best Corporate Citizens ranking is based on 155 ESG factors in eight pillars: climate change, employee relations, environment, finance, governance, human rights, stakeholders and society, and ESG performance.
Through its Powering Progress vision, PSEG works to power a future where people use less energy, and it’s cleaner, safer, and delivered more reliably than ever.
PSEG is on a path toward net-zero carbon emissions by 2030 while embracing the diverse communities and people we impact daily. This includes launching programs like the Clean Energy Jobs program, which began early this year and is providing career opportunities in energy efficiency to 2,000 residents of underserved communities, and the Clean Energy Future Program, which is dedicated to making critical investments in clean energy and advanced technologies like energy efficiency and electric vehicle charging infrastructure.
“We are honored to receive this recognition for our achievements in ESG and sustainability, but we are far from done on this journey,” said PSEG Chair, President and CEO Ralph Izzo. “As corporate citizens, we have an ongoing responsibility to stand up for the equitable treatment of our employees, our customers, our communities, and our planet. My overarching goal is that we continue to build on our accomplishments as we focus on being a positive force in a changing world.”
Using a methodology developed by 3BL Media, all Russell 1000 Index companies are researched by ISS ESG, the responsible investment research arm of Institutional Shareholder Services. There is no fee for companies to be included in 100 Best Corporate Citizens.
To compile the ranking, corporate data and information is obtained from publicly available sources only, rather than questionnaires or company submissions. Companies have the option to verify data collected for the ranking at no cost. Data and information used in the 2022 edition of the 100 Best Corporate Citizens ranking is from March 19, 2021 to March 18, 2022.
“Achieving the transformational targets in the Paris Agreement and UN Sustainable Development Goals in this decade will require companies to truly embed ESG into the core of their business,” said Dave Armon, CEO of 3BL Media. “The 100 Best Corporate Citizens of 2022 are answering the call by demonstrating the societal and bottom-line value of leadership and transparency around ESG topics. They are setting ambitious goals, outlining robust strategies for achieving them, disclosing data to measure progress, and accounting for all stakeholders in business decisions.”
Third Party Recognition
3BL is among several third-party organizations that continue to recognize PSEG for its ethics, climate leadership and commitment to be an employer of choice. PSEG’s recent awards and recognitions include:
- Named one of America’s Most JUST Companies and included in the 2022 JUST 100 list
- Included in the 2022 Bloomberg Gender-Equality Index
- Included on the 2022 Corporate Equality Index by the Human Rights Campaign Foundation
- Named to the Dow Jones Sustainability North America Index for the 14th year in a row
- Named one of America’s Most Responsible Companies 2022 by Newsweek
- Honored by the New Jersey Chapter of the National Association of Corporate Directors; received 2021 Public Company Board of the Year award for exemplifying true vision and excellence in governance
- Received the 2022 ENERGY STAR® “Partner of the Year” award in the Energy Efficiency Program Delivery category
For access to the complete 100 Best Corporate Citizens of 2022 ranking and methodology visit: https://100best.3blmedia.com/
About PSEG
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by its Powering Progress vision, PSEG aims to power a future where people use less energy, and it’s cleaner, safer and delivered more reliably than ever. PSEG’s commitment to ESG and sustainability is demonstrated in our net-zero 2030 climate vision, our pursuit of science-based emissions reductions targets and participation in the U.N. Race to Zero, as well as our inclusion on the Dow Jones Sustainability North America Index, the Bloomberg Gender-Equality Index and the list of America’s most JUST Companies. PSEG's principal operating subsidiaries are Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. (https://corporate.pseg.com).
About the 100 Best Corporate Citizens Ranking
The 100 Best Corporate Citizens debuted in 1999 in Business Ethics Magazine and appeared annually in Corporate Responsibility Magazine for many years. 3BL Media has managed the ranking since 2018. To compile the ranking, each company in the Russell 1000 Index is ranked according to its transparency and performance on 155 environmental, social and governance factors.
About 3BL Media
3BL Media’s unrivaled distribution platforms and TriplePundit Brand Studio promote the environmental, social, governance (ESG) initiatives of leading companies, private equity firms, nonprofits and NGOs to a global audience. Learn more.
