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
sustainability@pseg.com.
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)