Forbes Magazine has named Public Service Enterprise Group (PSEG)to its JUST 100 list – which celebrates America's best corporate citizens.
PSEG's JUST 100 accolade was based on its success in creating jobs, conducting business in an ethical manner, the strength of its retirement and health benefits, and caring about the communities in which it operates.
The company's investments to improve its transmission and distribution systems alone are creating 6,000 jobs a year, for 10 years. PSEG also scored well in the rankings for its record of being free from scandal and legal controversy and its advanced corporate governance practices. Additionally, Forbes also cited the company for scoring well on several measures that evaluate health and retirement benefits, including one of the highest ranking 401k plans in the industry.
The new JUST 100 List of America's Best Corporate Citizens, is a collaboration between Forbes and Paul Tudor Jones' JUST Capital to identify the companies in each industry that excel at serving all stakeholders, beyond just the bottom line. The rankings detail the performance, on an industry-relative basis, of the largest 897 publicly-traded companies in the U.S. It ranked companies according to ten metrics: worker pay and benefits, worker treatment, supply chain impact, community well-being, domestic job creation, product attributes, customer treatment, leadership and ethics, environmental impact and investor alignment.
PSEG was one of three New Jersey-headquartered companies included on the list along with Johnson & Johnson and Verisk Analytics. PSEG was one of three utilities recognized on the JUST 100, along with Exelon and Dominion Resources.
This is the latest accolade PSEG has received. It has made the Dow Jones Sustainability List, which recognizes forward-looking companies, for nine consecutive years. The company recently received the "Extraordinary Good Works" award from the Commerce and Industry Association of New Jersey for its commitment to veterans, support of STEM education and employee volunteer programs. Its New Jersey utility, PSE&G, was recently named the most reliable utility in the Mid-Atlantic region for the 15th year in a row by PA Consulting. For the 2nd consecutive year, PSE&G has been named a Residential Customer Champion by Cogent reports, a division of Market Strategies International (MSI).
For the complete list and more information about the JUST 100 ranking, visit: www.forbes.com/just100