Public Service Enterprise Group Inc

Common Name
PSEG
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
13,047
Ticker
PEG
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Public Service Enterprise Group Incorporated is a leading U.S.-based public utility holding company specializing in regulated energy services. Headquartered in New Jersey and established as a consolid...

PSEG's GHG Emissions Data Preview

In 2023, PSEG completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, PSEG has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Location-Based
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0000000
Total Scope 3
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b
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind PSEG’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore PSEG’s data sources below and access millions more through our Disclosure Search.

a. PSEG's ESG Data Spreadsheet 2023
a. PSEG's ESG Data Spreadsheet 2023
b. PSEG's Sustainability Report 2023
b. PSEG's Sustainability Report 2023
c. PSEG's CDP Climate sourced from company’s website 2022
c. PSEG's CDP Climate sourced from company’s website 2022

Insights into PSEG's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of PSEG amounted to 1,331,086 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of PSEG decreased by 53.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

PSEG's Scope 1 Emissions Over Time

202020212022202303 M6 M9 M12 MtCO2e+5%-81%-71%
  • Total Scope 1
  • Year-over-Year Change

What are PSEG's Scope 1 emissions?

In 2023, the total Scope 1 emissions of PSEG were 549,002 metric tons of CO₂ equivalent (tCO₂e). a

Has PSEG reduced its Scope 1 emissions over time?

Since 2020, PSEG's Scope 1 emissions have decreased by 94.3%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), PSEG's Scope 1 emissions decreased by 70.77%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are PSEG's Scope 2 emissions?

In 2023, PSEG reported Scope 2 greenhouse gas (GHG) emissions of 782,084 tCO₂e using the location-based method. a

Has PSEG reduced its Scope 2 emissions over time?

Since 2020, PSEG's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have remained relatively stable, indicating that PSEG 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2022), PSEG's Scope 2 emissions (Location-Based) fell by 21.02% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does PSEG use for Scope 2 reporting?

In 2023, PSEG reported its Scope 2 emissions using the location-based method. a

PSEG's Scope 2 Emissions Over Time

20202021202220230250 k500 k750 k1 MtCO2e
  • Total Scope 2 Location-Based

Insights into PSEG’s GHG Emissions Intensity Compared to Industry Peers

In 2023, PSEG reported Scope 1 greenhouse gas (GHG) emissions of 549,002 tCO₂e and total revenues of USD 11,237 millions. This translates into an emissions intensity of 48.86 tCO₂e per millions USD. a

PSEG's Scope 1 Emissions Intensity Compared to Peers

10,000200,0002,000,00020,000,000200,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)CTPG&EYear: 2023Scope 1: 3,730,000 tCO2eRevenue: $M 24,428Scope 1 Intensity: 152.69 tCO2e/$MEntergyYear: 2023Scope 1: 35,996,462 tCO2eRevenue: $M 12,147Scope 1 Intensity: 2,963.30 tCO2e/$MPinnacle West CapitalYear: 2023Scope 1: 10,628,383 tCO2eRevenue: $M 4,696Scope 1 Intensity: 2,263.29 tCO2e/$MAmerican Electric PowerYear: 2023Scope 1: 44,453,919 tCO2eRevenue: $M 18,982Scope 1 Intensity: 2,341.86 tCO2e/$MExelonYear: 2024Scope 1: 434,000 tCO2eRevenue: $M 23,028Scope 1 Intensity: 18.85 tCO2e/$MCMS EnergyYear: 2023Scope 1: 16,083,829 tCO2eRevenue: $M 7,462Scope 1 Intensity: 2,155.43 tCO2e/$MAmerenYear: 2023Scope 1: 19,883,180 tCO2eRevenue: $M 7,500Scope 1 Intensity: 2,651.09 tCO2e/$MCCConsumers EnergyYear: 2023Scope 1: 12,482,384 tCO2eRevenue: $M 7,166Scope 1 Intensity: 1,741.89 tCO2e/$MConsolidated EdisonYear: 2023Scope 1: 2,676,000 tCO2eRevenue: $M 14,663Scope 1 Intensity: 182.50 tCO2e/$MDTE EnergyYear: 2023Scope 1: 22,631,000 tCO2eRevenue: $M 12,745Scope 1 Intensity: 1,775.68 tCO2e/$MEdison InternationalYear: 2023Scope 1: 1,200,000 tCO2eRevenue: $M 16,338Scope 1 Intensity: 73.45 tCO2e/$MOGE EnergyYear: 2023Scope 1: 9,040,683 tCO2eRevenue: $M 2,674Scope 1 Intensity: 3,380.58 tCO2e/$MCenterPoint EnergyYear: 2023Scope 1: 5,170,862 tCO2eRevenue: $M 8,696Scope 1 Intensity: 594.63 tCO2e/$MFirstEnergyYear: 2023Scope 1: 15,206,375 tCO2eRevenue: $M 12,870Scope 1 Intensity: 1,181.54 tCO2e/$MAlliant EnergyYear: 2023Scope 1: 13,631,273 tCO2eRevenue: $M 4,027Scope 1 Intensity: 3,384.97 tCO2e/$MTTTXNM EnergyYear: 2022Scope 1: 4,844,547 tCO2eRevenue: $M 2,250Scope 1 Intensity: 2,153.56 tCO2e/$MPPLYear: 2023Scope 1: 25,291,849 tCO2eRevenue: $M 8,312Scope 1 Intensity: 3,042.81 tCO2e/$MMGE EnergyYear: 2023Scope 1: 1,637,171 tCO2eRevenue: $M 690Scope 1 Intensity: 2,371.23 tCO2e/$MNextera EnergyYear: 2023Scope 1: 42,278,597 tCO2eRevenue: $M 28,114Scope 1 Intensity: 1,503.83 tCO2e/$MEvergyYear: 2024Scope 1: 20,958,294 tCO2eRevenue: $M 5,847Scope 1 Intensity: 3,584.27 tCO2e/$MDominion EnergyYear: 2023Scope 1: 29,500,000 tCO2eRevenue: $M 14,393Scope 1 Intensity: 2,049.61 tCO2e/$MXcel EnergyYear: 2023Scope 1: 36,180,000 tCO2eRevenue: $M 14,206Scope 1 Intensity: 2,546.81 tCO2e/$MEversource EnergyYear: 2023Scope 1: 158,122 tCO2eRevenue: $M 11,911Scope 1 Intensity: 13.28 tCO2e/$MPSEGYear: 2023Scope 1: 549,002 tCO2eRevenue: $M 11,237Scope 1 Intensity: 48.86 tCO2e/$M

How does PSEG's GHG emissions intensity compare to its peers?

In 2023, PSEG reported a Scope 1 emissions intensity of 48.86 tCO₂e per millions USD. Compared to the peer group median of 2,153.56 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does PSEG rank on GHG emissions intensity within its industry?

In 2023, PSEG ranked 3 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places PSEG among the top performers, with one of the lowest emissions intensities relative to peers. a

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