PSEG is committed to sustainability.
At the forefront of that commitment are certain ideals: social awareness, care for the environment, and an enthusiastic pledge to support our customers and the communities where we do business.
These values have guided our company for more than a century.
PSEG recently issued its 2017 Sustainability Report – our seventh – which provides an overview of these values, as well as an in-depth look at how the company’s investments in solar energy, energy efficiency and infrastructure projects are improving the reliability and resiliency of our electric and gas systems.
The report also outlines our efforts to reduce environmental impacts and be socially responsible while creating business opportunities and well-paying jobs.
The 2017 report is available at pseg.com/sustainability.
Our experience demonstrates that it is possible to power the economy, provide good jobs for people and protect the environment – all at the same time.
PSEG’s dedication to social progress is evident in initiatives that occur both inside and outside our organization. Diversity and inclusion are essential to fostering an environment that can help us improve by becoming more closely aligned with the changing faces of our workforce, our customers and our communities. We also maintain a vital role in our communities, supporting educational and charitable programs through the contributions of the PSEG Foundation and our employee volunteers.
PSEG’s mission, to deliver safe, reliable and economic energy to our 2.5 million electric and gas customers, provides a foundation for economic growth throughout New Jersey and beyond. In doing so, we provide good jobs and work hard to attract and retain quality employees. Together, these efforts help us to deliver a fair return for our investors and build on one of the longest records of paying annual dividends of any U.S. company.
We believe it is our responsibility to work toward a cleaner energy future. To this end, we have invested more than $1.5 billion in the development of solar energy; we have begun to modernize our underground natural gas system to reduce greenhouse gas emissions; we are working to sustain the state’s nuclear fleet, which generates more than 90 percent of New Jersey’s non air-polluting electricity; and we are seeking to expand programs that deliver energy and cost savings to every customer through energy efficiency.
We also have established an ambitious new climate goal: to reduce our carbon footprint by 13 million tons of C02-equivalent emissions by 2030, from 2005 levels. The reduction is the equivalent of taking 2.8 million cars off the road.
Previously, PSEG established a goal of reducing its GHG emissions by 25 percent from 2005 levels by 2025. PSEG met that goal in 2011, 14 years ahead of schedule. The company’s new goal is a continuation of its success to further reduce emissions and provide more low-carbon energy.
For more than a century, Public Service has put sustainability – social awareness, economic growth and environmental protection – at the top of our company’s agenda.
By setting high standards, we have established PSEG as a national model in renewable energy, in reliability and resiliency – leadership that positions us to help our business partners meet their own sustainability goals, as well. We know there is still more to do, in order to assure a sustainable future for our state, our environment and our organization.
Making New Jersey and the surrounding communities we serve better places to work and live is central to our mission. We approach that challenge with the help of a skilled, dedicated workforce, with a proud Public Service tradition and with a vision based on safe, reliable, economic and greener energy. Our commitment to sustainability has guided our past, brought us to where we are today and will lead us to tomorrow.