NEWARK, N.J., Sept. 8, 2011 /PRNewswire/ -- Public Service Enterprise Group (PSEG) was today named to the Dow Jones Sustainability World Index. Along with Duke Energy, it was one of only two U.S. utilities to make the international list. PSEG was also included in the Dow Jones Sustainability North America Index. The indexes serve as benchmarks for investors who integrate sustainability considerations into their portfolios and they are important indicators of success, given that companies that embrace sustainability are consistently among the highest performers in their industry.
"The DJSI have become the gold standard in recognizing the world's corporate sustainability leaders," said Michael A. Petronella, President, Dow Jones Indexes. "These indexes have become an invaluable market tool for those seeking to support companies that are committed to creating and adopting sustainable business practices."
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.
The results are watched by market participants and are used by asset managers in 16 countries to manage a variety of 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.
"Businesses often define sustainability in terms of the environment, but it is about much more. It means considering our overall impact on the people and communities we serve, while striving to grow a strong, solid business," said Anne Hoskins, PSEG's senior vice president of public affairs and sustainability. "We view our plans and investments through the lens of relevant economic, environmental and social issues."
PSEG recently released its 2011 Sustainability Report, highlighting the company's accomplishments in the sustainability arena 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.
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SOURCE Public Service Enterprise Group (PSEG)