PSEG has released its inaugural Climate Report, detailing how the company is preparing for the opportunities and risks associated with climate change and supporting New Jersey and the region to achieve a sustainable future.
PSEG committed to producing the report consistent with the framework of the Task Force on Climate-Related Financial Disclosures, which provides guidance on the voluntary assessment and disclosure of climate risk and facilitates reporting of environmental, social and governance disclosures.
The report outlines how climate change is integrated in the organization's corporate strategy and highlights how PSEG tracks progress on its climate change goals through metrics and targets.
The report also assesses potential implications of the International Energy Agency's "2DS," a scenario designed to limit global average temperature increases to less than 2°C by 2050.
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