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PSEG NAMED ONE OF AMERICA'S MOST JUST COMPANIES BY JUST CAPITAL AND MEDIA PARTNER CNBC

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Jan 11, 2022
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PR Newswire

NEWARK, N.J., Jan. 11, 2022 /PRNewswire/ -- JUST Capital, along with its media partner CNBC, today released the annual JUST 100, a wide-ranging ranking of ESG and stakeholder performance. PSEG was named one of America's Most JUST Companies and was recognized for its commitment to serving its customers, workforce, communities, the environment and shareholders.

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JUST Capital, in partnership with CNBC, evaluates and celebrates U.S. corporations that outperform on the issues that are important to the American public – such as creating jobs in the U.S., prioritizing accountability to all stakeholders, protecting worker health and safety, providing benefits and work-life balance, cultivating a diverse and inclusive workplace and producing sustainable products.

"PSEG has long focused on supporting its customers, communities, workforce and shareholders in addition to its drive toward clean energy, so we are honored to be recognized by JUST Capital as one of America's Most JUST Companies as it illustrates our deep commitment especially in such a turbulent year," PSEG Chairman, President and CEO Ralph Izzo said. "Being a part of the JUST 100 supports our philosophy that when we do right by all our stakeholders, we deliver long-term success."

For its annual rankings, JUST Capital collects and analyzes corporate data to evaluate the 1,000 largest public U.S. companies across 20 stakeholder-focused issues, as identified through ongoing public opinion research on Americans' attitudes toward responsible corporate behavior, engaging more than 150,000 participants since 2015.

Compared to their Russell 1000 peers, companies in the JUST 100, on average:

  • Created 7.8 times more jobs in the U.S. from 2016 to 2020
  • Included ESG KPIs 2.6 times more in compensation metrics
  • Are 7.6 times more likely to disclose workforce demographic data by race and ethnicity
  • Are 12 times more likely to have conducted a human rights impact assessment
  • Donate 19 times more in charitable giving and gave $152 million on average in 2020

"We've entered a new era of accountability where employees, customers and investors want to understand if companies are not just talking the talk, but also walking the walk to drive change on the critical issues of our time," said Martin Whittaker, CEO of JUST Capital. "The companies featured in the 2022 JUST 100 are demonstrating that purpose and profits can go hand-in-hand by delivering value to all stakeholders, including shareholders."

CNBC will showcase key stakeholder performance stories about this year's JUST 100 leaders across the network's broadcast and digital platforms. A comprehensive interactive ranking and benchmarking platform is available at www.justcapital.com.

For more information on PSEG's climate and sustainability efforts, please visit www.pseg.com/sustainability.

Public Service Enterprise Group Inc. (PSEG) (NYSE: PEG) is a publicly traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. PSEG is a Fortune 500 company included in the S&P 500 Index and has been named to the Dow Jones Sustainability Index for North America for 14 consecutive years (https://corporate.pseg.com).

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Forward-Looking Statement
The statements contained in this press release that are not purely historical are "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management. Factors that may cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission (SEC), and available on our website: https://investor.pseg.com. All of the forward-looking statements made in this press release are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this press release apply only as of the date hereof. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.

CONTACTS:


Investor Relations

Media Relations

Carlotta Chan

Marijke Shugrue

973-430-6565

908-531-4253

Carlot[email protected]

[email protected]

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