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The PSEG Foundation has committed $605,000 for sustainability initiatives championed by Northeastern non-profits. The announcement marks a significant amount of funding from well-known energy company PSEG for philanthropic initiatives that are teaching people about the value of economic, environmental and social responsibility.
"Earth Day is no longer just about the environment. It's grown into a sustainability celebration," said Vaughn McKoy, PSEG's director of corporate responsibility and sustainability, and president of the PSEG Foundation. "Responsible organizations and leaders know that the only way to long-term success and viability is through taking a balanced approach to people, planet and profits."
A specific amount of PSEG's funding will be directed toward towns in Southern New Jersey, since initial feedback indicates that rural and less resourced communities in this region are facing program participation challenges.
The institute will conduct research, education and outreach in an effort to balance preservation of Earth's life support systems with its production of sustainable goods and services. Working with the public, industry decision-makers planners and environmental managers, the University will incorporate these concepts into its approach to researching the management of urban watershed-coastal ecosystems.
Burdened by a notable industrial past, declining population and job markets, and numerous instances of environmental injustice, Bridgeport faces significant challenges in steering a course toward sustainable living. BGreen 2020 intends to change the image of the city by positioning it as one that is green, clean and safe.
PSEG funds will be used to fund the staff time and travel costs necessary to promote and present five training workshops throughout the State of New Jersey, field educator inquiries and distribute backpacks. Funding will also go towards subsidizing the costs of training for educators who could not otherwise afford to attend.
PSEG is a publicly traded diversified energy company headquartered in Newark, New Jersey, and one of the ten largest electric companies in the U.S. PSEG has been listed numerous times on the Dow Jones Sustainability Index, and is committed to economic, environmental and social responsibility.