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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Public Service Enterprise Group Inc (PSEG) demonstrates a comprehensive level of transparency in its climate lobbying activities. The company explicitly names specific climate-related policies it has engaged with, such as the "Zero Emission Certificate (ZEC) legislation," the "Clean Energy Future proposal," and federal initiatives like "a federal price on carbon" and the "RGGI program." These disclosures provide clear details about the policies and legislative frameworks involved. PSEG also provides detailed information about its lobbying mechanisms, including "various forms of communication with regulators, policymakers and stakeholders," participation in trade associations, and direct advocacy efforts, such as engaging "directly with the White House, Executive branch, US Senators and Members of the House of Representatives." The company identifies specific targets, such as the New Jersey Board of Public Utilities (NJBPU) and Congress, demonstrating transparency in both the methods and targets of its lobbying activities. Furthermore, PSEG clearly articulates the outcomes it seeks, including "economy-wide GHG emission reductions of 80% or more by 2050," "a federal price on carbon," and specific goals like reducing CO2 emissions by 8 million metric tons and creating thousands of jobs through its energy efficiency programs. These disclosures illustrate PSEG's commitment to transparency in its climate lobbying efforts and objectives.
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4
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| Overall Assessment |
Comment |
Score |
| Strong |
PSEG demonstrates a defined governance process for climate lobbying alignment, including monitoring details and responsible parties. The company states that its "climate lobbying and advocacy efforts are managed by the federal and state governmental affairs teams and led by the Senior Vice President, Corporate Citizenship," who oversees public policy advocacy and lobbying activities. Additionally, "on an annual basis, the leadership within Corporate Citizenship provides a report to the GNS Committee of the Board that encompasses lobbying activity and spending." This indicates a structured approach to oversight and reporting. PSEG also addresses alignment of indirect lobbying efforts through trade associations, noting that "trade association policies generally reflect compromise among members, so the policy positions and lobbying activities of these associations may not align with PSEG's positions on a particular issue." To mitigate risks of misalignment, the company employs strategies such as "education of the association staff and key members," "ongoing engagement with the trade association and members to try to move consensus positions," and dissenting from association positions when necessary. Furthermore, PSEG provides a "climate-alignment review of the trade associations listed in our 2022 Political Contributions Report," which is included in the Appendix. The governance structure includes clear identification of responsible parties, such as the Senior Vice President for Corporate Citizenship and the GNS Committee of the Board, which holds "the primary responsibility for the oversight of risks related to ESG issues and provides oversight of the company's sustainability efforts and initiatives." This demonstrates accountability and a robust governance framework for climate lobbying alignment.
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3
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