NEWARK, N.J., Sept. 9 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) was today named for the first time to the Dow Jones Sustainability World Index. The world index is limited to the top 10 percent of sustainability performers among the corporations included in the Dow Jones Global Total Stock Market Index (DJGTSM). PSEG was also included in the Dow Jones Sustainability North America Index for the third time.
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.
"PSEG recognizes that today's social contract goes beyond what has historically been defined as 'corporate responsibility'," said Anne Hoskins, PSEG senior vice president of public affairs and sustainability. "Social, environmental and economic issues all impact our company's strategic investments and execution efforts. We are committed to leading our corporation and the communities in which we serve to a sustainable future."
PSEG was among five U.S. electric companies to make the exclusive international list.
Building on its long standing leadership in environmental reporting and transparency, PSEG released its 2010 Sustainability Report earlier this year. The report highlights PSEG's commitment to social, economic and environmental responsibility, underscores accomplishments in the sustainability arena, and outlines 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.
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a publicly traded diversified energy company with annual revenues of more than $13 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)