Home Climate justice The PSEG joins 2 campaigns committed to the fight against climate change

The PSEG joins 2 campaigns committed to the fight against climate change



The Public Service Enterprise Group announced on Friday it has joined two campaigns that use science-based targets to help fight climate change.

The Race to Zero and Business Ambition for 1.5 ° C campaigns are designed to help mobilize support from businesses, cities, regions and investors for a healthy and resilient zero carbon economy, in line with global efforts to limit global warming at 1.5 ° C.

The news comes in conjunction with the release of PSEG’s 2021 Sustainability and Climate Report, which updates the company’s achievements and goals on a wide range of topics, including air emissions, energy efficiency, transport and waste reduction.

PSEG President and CEO Ralph Izzo said climate change is the pressing problem of today and tomorrow.

“Climate change is one of the main challenges of our time, and PSEG has an obligation to help tackle climate change and its effects on our environment, our customers and communities around the world,” he said. -he declares.

“As part of our vision to achieve net zero emissions by 2030, PSEG has already achieved significant emission reductions in our operations. Today, we are taking another step forward by joining Race to Zero and committing to developing science-based goals to help tackle the worst effects of climate change, especially for vulnerable populations. “

The Sustainability and Climate Report showed that PSEG’s production portfolio emission rates for NOx and SO2 were down 58% and 77%, respectively, year over year, reflecting emission rates well below industry averages. Izzo praised the results.

“Year after year, we experience new extreme weather events as the evidence of climate change around us grows,” he said. “Reducing the most devastating impacts of climate change while increasing resilience will require a concerted effort from all sectors of the economy.

“At PSEG, our value creation process combines the responsible use of natural resources, technology and our workforce to provide the energy that sustains the modern economy. Our combined 2021 Sustainability and Climate Report contains our progress to date, our commitments for the future, and the changes that will be needed to meet our goals. “

The report provides updates on PSEG progress across a range of sustainability categories, including:

  • Atmospheric emissions: PSEG dramatically reduces air and other emissions by updating its operations and switching to cleaner energy sources, and already has one of the lowest emission rates among investor-owned power producers , according to MJ Bradley’s Benchmarking Air Emissions report, July 2021. 2020, the PSEG has reduced its greenhouse gas emissions by more than 54% since 2005 by switching to low carbon fuels, improving the energy efficiency and modernizing its electricity and natural gas networks, among other strategies.
  • Energetic efficiency : The PSEG energy efficiency targets have been updated and remain on track. New Jersey regulators approved $ 1 billion in energy efficiency spending for three-year programs, designed to help the state meet its updated framework for energy efficiency and demand reduction programs peak, setting savings targets over five years of 2% for electricity distribution and 0.75%. for gas distribution companies. The PSEG’s goals are aligned with New Jersey’s Clean Energy Act (2018), which calls for these savings to be achieved by 2023.
  • Transport: PSEG aims to reduce the use of fossil fuels in its own transport fleet through the electrification of vehicles, fleet resizing and the use of renewable fuels. By 2030, PSEG aims to convert its passenger vehicles, such as sedans and SUVs, 60% of medium-duty vehicles and 90% of heavy-duty vehicles to battery electric vehicles, plug-in hybrids or anti-idling work systems. .
  • Waste minimization: Company-wide, waste management and recycling programs were successful in diverting 95.5% of material from landfills by 2020. The ongoing goal of its utility, Public Service Electric & Gas, is to focus on new waste streams to be recycled, which will continue to reduce the tonnage of landfills. The waste minimization objective for PSE & G is to divert more than 95% of materials from landfills.
  • Biodiversity: PSEG is committed to promoting and enhancing biodiversity through the conservation of natural resources while continuing to operate safely and reliably. Long ago, PSEG recognized the need to foster biodiversity, beginning with the establishment of the Estuary Improvement Program in 1994 and until today as it strives to foster unique species. that inhabit our region, such as the golden-winged warblers, ospreys, wood turtles and the frosted elf butterfly. The protection of our natural resources and biodiversity guides our environmental philosophy and the planning process takes into account the potential impacts on regional biodiversity.
  • Diversity, equity and inclusion: From within the company to our suppliers to the community, PSEG continues to drive diversity, equity and inclusion, driving change at all levels. PSEG has a target of 30% of total applicable spending allocated to various vendors, including minority, female, veteran, and LGBTQ + vendors. In 2020, PSEG enjoyed a record-breaking sixth consecutive year purchasing more than $ 644 million in goods and services from various suppliers, an increase of 15% from 2019. More than 28% of the company’s purchases were carried out with various suppliers. And PSEG helps develop New Jersey’s clean energy workforce through innovative training and development programs, with a focus on low to moderate income and underrepresented communities.
  • Environmental justice: PSEG’s approach to transitioning to a low carbon economy is a holistic one, which involves considering how to do it in a fair and equitable manner. PSEG develops a commitment to environmental justice in support of the many diverse communities it serves in the region and believes that such a commitment should convey the importance of centering environmental justice considerations throughout the organization in order to that customers – especially those from under-represented communities – can benefit from the coming changes of a carbon-free future.