This week, PG&E was named to the Dow Jones Sustainability North America Index and the Carbon Disclosure Leadership Index in recognition of the company’s ongoing commitment to a sustainable future for its customers and communities, its employees and the environment.
“PG&E is honored that its continuing work on these key issues has been recognized,” said Ezra Garrett, PG&E’s chief sustainability officer and vice president of community relations.
Dow Jones Sustainability Index
For the fifth consecutive year, PG&E earned a spot on the Dow Jones Sustainability North America Index, which lists North American companies that lead their industries in corporate economic, environmental and social performance. PG&E was one of only 11 U.S. energy utilities to be included in the North America index.
The Dow Jones Sustainability Indexes (DJSI) track the performance of the leading sustainability-driven companies worldwide. In selecting the top performers in each industry sector, DJSI evaluated companies on issues such as corporate governance, risk management, climate change mitigation, supply chain management, and labor practices, with a special focus on industry-specific risks and opportunities.
“Over the last several years, we have witnessed a continued and growing interest in long-term oriented investment strategies that include sustainability investing,” said David Blitzer, managing director and chairman of the S&P Dow Jones Index Committee, S&P Dow Jones Indices. “In this environment, the DJSI, with its long track record of evaluating the sustainability performance of some of the world’s largest companies, has become an important reference in the industry, for investors as well as for companies included in the indices.”
Carbon Disclosure Leadership Index
For the fourth consecutive year, PG&E was named to the Carbon Disclosure Leadership Index by the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets. PG&E was one of only seven U.S. utilities to make the list.
This index highlights the companies within the S&P 500 Index that have displayed a strong approach to information disclosure regarding climate change. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.
Paul Simpson, chief executive officer of CDP, said: “Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities.”