PSEG and the PSEG Foundation announced on Friday a $1 million commitment to support organizations that address systemic racism, inequality and human rights.
The Power Equity and Social Justice initiative will provide philanthropic support to organizations anywhere PSEG operates, including New Jersey, that focused on advancing social and economic equity for communities of color. The company is also aiming to develop and strengthen partnerships focused on social justice and bridging the gap between law enforcement and communities.
PSEG also reaffirmed its pledge to increase its business with diverse supplies to at least 30% of the company’s supplier spend by 2023. This will help foster access to fair and equitable opportunities, it said.
“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,” Ralph Izzo, chairman, CEO and president, said. “By supporting organizations that champion justice and social equity, and by increasing support for our growing network of diverse suppliers, we hope to foster change and make a difference in the many diverse communities we serve.”