PSEG Announces the Launch of the Powering Equity and Social Justice Initiative
On Friday, June 19th, 2020, PSEG and the PSEG foundation announced the launch of the Powering Equity and Social Justice initiative. PSEG made a generous $1 million commitment to support organizations that address the racial injustice, inequality, and human rights in communities of color. Philanthropic support will be provided to organizations in New Jersey, New York and anywhere PSEG operates, due to the initiative from the Powering Equity and Social Justice.
PSEG restates their pledge to increase its business with diverse suppliers, such as minorities, women, veterans, service-disabled veterans, and LGBTQ+ entrepreneurs. PSEG continues to strive toward their goal of increasing their business with diverse suppliers to at least 30% of the company’s appropriate supplier spend by 2023. With the new Powering Equity and Social Justice initiative, philanthropic support for organizations that work to challenge systemic racism, as well as advancing socially and economically for communities of color.
“These initiatives and commitments provide an opportunity for PSEG to take action and stand in solidarity with our customers, communities and employees in pursuit of needed change…” PSEG Chairman, President and CEO Ralph Izzo said. Izzo discloses that it is critical to PSEG that their suppliers represent their diverse customers and communities.
PSEG is focusing on its culture as a company. Within the past year, the company has orchestrated diversity inclusion training for its leaders and employees, as well as a universal review of PSEG’s policies and practices to make certain equality is present within their company.
For the first time on June 19th, 2020, PSEG provided every employee with paid time off to observe the Juneteenth holiday.