Sustainability commitments and reporting
PSE is committed to doing what is right by striving to continuously improve our business in the three pillar areas of sustainability: environmental, social and governance (ESG). We report our sustainability plans and performance under several industry-standard frameworks.
Our annual Environmental, Social and Governance report provides an overview of our efforts in these areas, and provides links to additional information available through our website and other public resources. Our Pathway to Beyond Net Zero Carbon by 2045 document lays out our plans to help drive Washington state’s transition to clean energy.
To help achieve our aspirational goals with energy equity in mind, our Clean Energy Implementation Plan (CEIP) is a four-year roadmap that will guide PSE’s clean energy investments for the years 2022-2025. We’re also conducting research into new technologies involving lower-carbon fuels such as Renewable Natural Gas (RNG) and hydrogen.
The Sustainability Accounting Standards Board (SASB) provides guidance to electric and natural gas utilities in disclosing sustainability-related information, forming the basis for our SASB Index. Our TCFD report was prepared in alignment with the Task Force for Climate-Related Financial Disclosures recommendations, and documents both transitional and physical risks and opportunities associated with climate change. Together, our ESG and TCFD reports and SASB Index provide a roadmap to understanding our sustainability efforts across the company.
PSE has long participated in the Edison Electric Institute’s and the American Gas Association’s efforts to increase industry transparency by publishing metrics outlined in the EEI and AGA voluntary sustainability reporting templates.
Lastly, we annually report our greenhouse gas (GHG) emissions. Trends in GHG emissions and our progress toward Beyond Net Zero Carbon are discussed in our ESG Report.
Environmental, Social & Governance (ESG) Report
Our Environmental, Social and Governance (ESG) report, provides an overview of our continued progress in the three pillar areas of sustainability:
- Climate Mitigation (transition to cleaner energy, progress toward Beyond Net Zero Carbon goals and aspirations)
- Environmental Compliance (air, waste, and water)
- Biodiversity and Habitat Protection Programs (fish, wildlife, avian, wetlands, vegetation management and cultural resources)
- Our Customers and Communities
- Our Employees
- Our commitment to diversity, equity, and inclusion
- Health and Safety for our Employees, Contractors, and the Public
- Energy Resource Planning
- Our Ethics: Doing the Right Thing
PSE is currently conducting an analysis of transitional and physical climate risks and opportunities associated with climate change, in alignment with the Task Force on Climate-Related Financial Disclosures recommendations.
We look forward to sharing the results of our analysis here in early 2023.
PSE is committed to transparency in reporting and has compiled operating metrics in accordance with the Sustainability Accounting Standards Board voluntary reporting framework for:
- Electric Utilities & Power Generators
- Gas Utilities & Distributors
Our SASB Index provides a roadmap to documents and references across PSE’s website related to its environmental, social, and governance activities and programs.