PSEG and the PSEG Foundation announced today the launch of the Powering Equity and Social Justice initiative and a $1 million commitment.
In order to foster access to fair and equitable opportunity throughout its communities, PSEG also reaffirms its pledge to increase its business.
The new Powering Equity and Social Justice initiative is designed to provide philanthropic support for organizations that work to confront and address systemic racism and advance social and economic equity for communities of color. PSEG also is seeking to develop and strengthen partnerships with organizations dedicated to social justice and building bridges between law enforcement and communities.
"PSEG has always had a unique and special relationship with the communities we serve, and today we take this a step further by more directly powering equity and social justice to address the prejudice, hate and injustice we too often observe," said Rick Thigpen, PSEG's senior vice president for Corporate Citizenship and president of the PSEG Foundation. "When one of us is impacted in the PSEG community, we are all impacted. Therefore, it's vital that we all join together to act and build a framework of equity, compassion, and respect that will truly benefit us all. For that reason, our company stands ready to support organizations that address racial injustice, inequality and human rights in communities of color in order to build a brighter future for everyone."
PSEG's increased supplier diversity goals will help to foster access to fair and equitable opportunity throughout our communities. PSEG has developed relationships with a broad base of diverse suppliers, which includes those owned by minorities, women, veterans, service-disabled veterans and LGBTQ+ entrepreneurs.