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Public Service Enterprise Group Inc
PSEG's GHG Emissions Data Preview
In 2024, 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
PSEG has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified 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.
Insights into PSEG's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofPSEG amounted to1,300,865metric 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 2023, the total operational greenhouse gas (GHG) emissions of PSEGdecreased by 0.33%, 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
- Total Scope 1
- Year-over-Year Change
What are PSEG's Scope 1 emissions?
In 2024, the total Scope 1 emissions of PSEG were 581,556 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has PSEG reduced its Scope 1 emissions over time?
Since 2020, PSEG's Scope 1 emissions have decreased by 93.96%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), PSEG's Scope 1 emissions decreased by 2.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are PSEG's Scope 2 emissions?
In 2024, PSEG reported Scope 2 greenhouse gas (GHG) emissions of 719,309 tCOâ‚‚e 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.ab
Compared to the previous year(2023), PSEG's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that PSEG's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does PSEG use for Scope 2 reporting?
In 2024, PSEG reported its Scope 2 emissions using the location-based method.a
PSEG's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into PSEG's Value Chain Emissions
In 2024, PSEG reported 21,202,124 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of PSEG includes a breakdown across 2of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
PSEG's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are PSEG's Scope 3 emissions?
In 2024, PSEG reported total Scope 3 emissions of 21,202,124 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 54.51%of these emissions originated from upstream activities such as purchased goods and capital goods, while 45.49%came from downstream activities like product use, distribution, and end-of-life treatment.a
What categories of Scope 3 emissions does PSEG disclose?
In 2024, PSEG reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of PSEG's Scope 3 emissions?
In 2024, the largest contributors to PSEG's Scope 3 emissions were:a
- Fuel- and Energy-Related Services (Cat. 3): 11,556,847 tCOâ‚‚e(54.51%)
- Use of Sold Products (Cat. 11): 9,645,277 tCOâ‚‚e(45.49%)
PSEG's Scope 3 Emissions by Categories
Insights into PSEG’s GHG Emissions Intensity Compared to Industry Peers
In 2024, PSEG reported Scope 1 greenhouse gas (GHG) emissions of 581,556 tCOâ‚‚e and total revenues of USD 10,290 millions. This translates into an emissions intensity of 56.52 tCOâ‚‚e per millions USD.a
PSEG's Scope 1 Emissions Intensity Compared to Peers
How does PSEG's GHG emissions intensity compare to its peers?
In 2024, PSEG reported a Scope 1 emissions intensity of 56.52 tCOâ‚‚e per millions USD. Compared to the peer group median of 2,141.58, 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 2024, PSEG ranked 3 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places PSEG among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into PSEG's Total Carbon Footprint
In 2024, PSEG reported a total carbon footprint of 22,502,989 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1,624.07% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to PSEG's total carbon footprint was Scope 3 emissions, accounting for 94.22% of the company's total carbon footprint, followed by Scope 2 emissions at 3.2%.a