Month: January 2025

In this special bonus episode of ESG Talk recorded live at the World Economic Forum in Davos, Mandi McReynolds sits down with Jill Klindt, CFO of Workiva, to discuss the interplay between sustainability and financial performance. They explore how emerging tech like generative AI is revolutionizing regulatory compliance and business processes, the evolving roles of chief sustainability officers, and the importance of integrating non-financial data in achieving company goals. Tune in for insights on sustainable innovation, growth strategies, and the future of ESG reporting.

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Originally published on PSEG NewsRoom

NEWARK, N.J., January 31, 2025 /3BL/ – Public Service Enterprise Group (PSEG) has been named to the Dow Jones Sustainability Index (DJSI) for the 17th consecutive year. PSEG has also been named to Newsweek’s America’s Most Responsible Companies 2025 list as the top utility in the Energy & Utilities industry. These recognitions demonstrate PSEG’s ongoing efforts to support our employees, the communities we serve and the many people who rely on our services to power their lives while ensuring sustainability and environmental management remain a focus of our business strategy.

The DJSI recognizes companies that operate according to sustainable and ethical practices, particularly in areas related to environmental stewardship, operations and oversight as well as workforce and community support. The DJSI 2024 announcement is available online here.

Presented by Newsweek and Statista Inc., America’s Most Responsible Companies were selected based on an independent survey in which over 40,000 evaluations were collected, with awarded companies averaging more than 100 evaluations each. The full list of America’s Most Responsible companies is available here.

Vision

PSEG’s Powering Progress vision is for a future where people use less energy and it’s cleaner safer and delivered more reliably than ever. We work toward this vision every day with:

Energy efficiency programs to reduce customer energy usage, curb greenhouse gas (GHG) emissions and save customers moneyElectric-vehicle programs address the largest source of GHG emissions in New Jersey – transportationContinued investment in PSEG’s carbon-free nuclear fleet, the largest source of carbon-free energy in New JerseyInvestments in modernizing our natural gas infrastructure to reduce methane leaks and prepare our infrastructure for the fuels of the futureContinued investments in infrastructure to prepare for extreme weather and help reduce the number of and duration of outages

Sustainability

As we plan for the future, PSEG continues to focus on sustainability, including biodiversity, waste management and reduction, as well as minimizing environmental impact with programs such as:

Biodiversity efforts aimed at conducting our operations while protecting the flora and fauna in our service territory. For example, the Estuary Enhancement Program at PSEG Nuclear has restored thousands of acres of marshland in South JerseyStrategic planning around our rights-of-way to preserve the complex ecosystems our infrastructure often runs throughWaste management goals and objectives that focus on waste minimization, investment recovery, reuse, donation of useable items, and recycling. In 2023, PSE&G recycled approximately 595,000 tons of wasteEnergy efficiency programs that have helped nearly 400,000 customers take action to reduce their energy usage and lower their annual electric and gas bills, resulting in the avoidance of over 1.7 million metric tons of carbon dioxide emissions annually

Support for the community

PSEG’s work to support the communities we serve includes:

Delivering award-winning customer service and satisfaction while maintaining affordable serviceSpending with diverse vendors and suppliers that has increased 97% in the last 5 years, and is now about $1.1 billion annuallySpending in our home state of New Jersey of about $2.6 billion in 2023The Clean Energy Jobs Program which has so far hired over 2,600 individuals from low-to-moderate income communities for jobs in the clean energy sectorDonating over $12 million to local charitable causes in 2023 through the combined efforts of the PSEG Foundation and our Corporate Social Responsibility team

Workforce of the future

PSEG also continues to support our approximately 12,500-person workforce. This work includes:

The Neurodiversity Works program to provide access to employment for neurodivergent individuals and create a work environment to help them succeedOngoing commitment to support career development, reskilling and building connections that attract, develop and retain a diverse workforce

Additionally, PSEG believes that reporting, transparency and strong corporate governance practices serve the long-term interests of all stakeholders and enhance the public trust PSEG has earned during our over 120-year history.

For more information on PSEG’s approach to sustainability and environmental management, visit our website. For more information on PSEG’s sustainability metrics and disclosures, visit the sustainability disclosures page on our investor relations website.

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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. With a continued focus on sustainability, PSEG has appeared on the Dow Jones Sustainability North America Index for 17 consecutive years. PSEG is included on the 2023-2024 list of U.S. News’ Best Companies to Work For. PSEG’s businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).

Contact:

Media Relations:
973-430-7734 

SLB has been recognized for its sustainability leadership in the 2025 SEAL Business Sustainability Awards, which spotlight leadership, innovation and commitment to sustainable business practices.

This year, SLB has been honored in two categories: Sustainable Service and Environmental Initiative.

SEAL Sustainable Service Award

This award recognizes SLB’s efforts to reduce the environmental impact of lithium production. SLB’s breakthrough in sustainable lithium production combines the company’s subsurface expertise with surface engineering of advanced technologies, including direct lithium extraction. This method produces lithium 500 times faster than conventional methods while using only 10 percent of the land and significantly less water. Operating at approximately one-tenth the size of a commercial-scale facility, the plant reached a verified recovery rate[1] of 96% lithium from brine.

SEAL Environmental Initiative Award

This award recognizes the significant progress SLB has achieved through its ‘Record, Reduce, Replace’ strategy, launched in 2020, which has led to a remarkable 60% reduction[2] in absolute facility emissions within just three years. By tracking emissions data, optimizing facility operations, and transitioning to lower-emission energy sources, this strategy is transforming SLB’s facilities into more sustainable workspaces.

This is the third year that SLB initiatives have been honored by SEAL. SLB received the Environmental Initiative Award in 2022 for its role in quantifiably reducing greenhouse gas emissions in oil and gas operations through low-carbon technologies. In 2023, SLB was awarded the Sustainable Service Award for its Celsius Energy system, which enables large facilities to reduce their carbon footprint by switching from traditional heating and cooling methods to a geoenergy solution.

“Climate action is central to our sustainability strategy, reflecting who we are as a global technology company driving energy innovation for a balanced planet. We are proud that our sustainability leadership has been recognized by SEAL for a third time, both for our internal journey and our momentum in applying our technical strengths in our New Energy business,” notes Vice President of Sustainability, Mikki Corcoran.

Learn more about SLB sustainability initiatives here. 
 

[1] Recovery rate independently verified by WETLAB-Western Environmental Testing Laboratory of Nevada.
[2] 60% reduction in absolute facility emissions measured year end 2023 compared to the 2019 baseline.

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