NEWARK, N.J., Sept. 13, 2012 /PRNewswire/ -- Public Service Enterprise Group (PSEG) was today named to the Dow Jones Sustainability World Index for the second consecutive year. It was one of only two American utilities, along with Entergy Corp, to make the important international list.
The index is a guide for investors who want to consider dedication to sustainability when making investment decisions. It also is a benchmark for companies that want to adopt sustainable best practices. The Dow Jones Sustainability Indexes (DJSI) recognizes companies that are best in class among their peers in meeting certain economic, environmental and social criteria.
"PSEG is proud to be included in this select list of world's sustainability leaders," said Anne Hoskins, PSEG senior vice president of public affairs and sustainability. "Our commitment to sustainability means considering our impact on the people and communities we serve. Social, environmental and economic considerations influence everything we do; they affect our strategic investments and how we operate our facilities and businesses."
The Dow Jones Sustainability Index (DJSI) tracks the financial performance of the leading sustainability-driven companies worldwide. The DJSI selects leading companies for investment purposes, based on the quality of a company's strategy, management and its performance in dealing with opportunities and risks deriving from economic, environmental and social developments.
PSEG was also included in the Dow Jones Sustainability North America Index.
"Over the last several years, we have witnessed a continued and growing interest in long-term oriented investment strategies that include sustainability investing," said David Blitzer, Managing Director and Chairman of the Dow Jones Index Committee. "In this environment, the DJSI, with its long track record of evaluating the sustainability performance of some of the world's largest companies, has become an important reference in the industry, for investors as well as for companies included in the indices."
The results are watched by market participants and are used by asset managers in 16 countries to manage sustainability-driven portfolios, such as mutual funds. Empirical evidence indicates that companies with higher sustainability scores are more likely to outperform their peers over the long-run.
"Sustainability is much more than environmental stewardship," Hoskins said. "It includes considering the impact on the people and communities striving to build a solid business that will endure."
PSEG recently released its 2012 Sustainability Report, highlighting its accomplishments and outlining the challenges the company faces in its quest to be a leader in providing safe, reliable, economic and green energy. The report is available online at www.pseg.com/sustainability and feedback is encouraged at firstname.lastname@example.org.
Public Service Enterprise Group (NYSE: PEG) is a publicly traded diversified energy company with annual revenues of more than $12 billion, and three principal subsidiaries: PSEG Power, Public Service Electric and Gas Company (PSE&G) and PSEG Energy Holdings. Want to know what's new at PSEG? Go to www.pseg.com/getnews and sign up to have our press releases sent right to your inbox.
SOURCE Public Service Enterprise Group (PSEG)