Pseg Corporate Sustainability Profile
PSEG Corporate, officially known as Public Service Enterprise Group Incorporated, is a leading energy company headquartered in the United States, with significant operations across the Northeastern region. Founded in 1903, PSEG has established itself as a key player in the energy sector, focusing on electric and gas utility services, as well as renewable energy solutions. The company is renowned for its commitment to sustainability and innovation, offering a diverse range of services that include electricity generation, transmission, and distribution. PSEG's unique approach to integrating clean energy technologies has positioned it as a frontrunner in the transition to a more sustainable energy future. With numerous accolades for reliability and customer service, PSEG continues to enhance its market position while contributing to the communities it serves.
DitchCarbon Score
How does Pseg Corporate's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Pseg Corporate's score of 31 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pseg Corporate's reported carbon emissions
In 2022, PSEG Corporate reported significant carbon emissions, totalling approximately 18,783,900 kg CO2e for Scope 1, 990,221,000 kg CO2e for Scope 2, and a staggering 27,181,293,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions reached about 2,868,611,000 kg CO2e. Notably, the majority of Scope 3 emissions stemmed from the use and processing of sold products, amounting to approximately 10,377,934,000 kg CO2e each. PSEG has set ambitious climate commitments, aiming for carbon-free generation and net-zero operations by 2030. This includes a target to reduce Scope 1 and 2 greenhouse gas emissions by 25% from 2005 levels by 2025. Furthermore, the company has pledged to cut carbon emissions by 80% by 2046, with a long-term goal of achieving net-zero emissions by 2050. These commitments reflect PSEG's proactive approach to addressing climate change and reducing its carbon footprint, aligning with industry standards and expectations for sustainability in the electric utilities sector.
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| 2005 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 24,898,116,000 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,668,214,000 | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | 00,000,000,000 |
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Pseg Corporate's Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 62% of Scope 3 emissions.
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Pseg Corporate's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Pseg Corporate has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Pseg Corporate's sustainability data and climate commitments