Press release from Business Wire
Pinnacle West Named to Three Prominent Sustainability Lists
<ul class='bwalignl bwmarginl6'> <li class=' bwlistitemmargb'> <i>Dow Jones Sustainability Index North America</i> </li> <li class=' bwlistitemmargb'> <i>Global 100 Most Sustainable Companies in the World</i> </li> <li class=' bwlistitemmargb'> <i>JustMeans' Global 1000 Sustainable Performance Leaders</i> </li> </ul>
Wednesday, September 29, 2010
Pinnacle West Named to Three Prominent Sustainability Lists08:00 EDT Wednesday, September 29, 2010 PHOENIX (Business Wire) -- For the sixth straight year, the parent company of Arizona Public Service Co. has been separately named to the Dow Jones Sustainability Index(DJSI)North America and as one of the Global 100 Most Sustainable Companies in the World. Pinnacle West Capital Corp. (NYSE: PNW) is one of 24 electric utilities worldwide and only 11 in the United States selected to the DJSI, the premier index recognizing sustainable business practices for publicly held corporations. Similarly, Pinnacle West is one of only 12 U.S.-based companies to make the Global 100, a list of the most sustainable companies in the world compiled by global investing magazine Corporate Knights. The Company also was named to the newly created JustMeans' Global 1000 Sustainable Performance Leaders, ranking 294 out of 1,000 companies worldwide. “APS and Pinnacle West long ago adopted – and adhere to – a corporate strategy that balances financial strength with an equal focus on the environmental and community impacts of our business decisions,” said Ed Fox, APS Vice President and Chief Sustainability Officer. “We are honored that independent and respected organizations, such as these three, continue to recognize our commitment to environmental stewardship and sustainable business practices, both of which are key drivers in our long-term strategy and our day-to-day decisions.” All three lists are based on thorough quantitative and qualitative analysis of corporate governance, economic, environmental and social performances. Specifically, the DJSI evaluates corporate governance, risk management, branding, climate change mitigation, supply chain standards and labor practices. The Global 100 benchmarks companies against an objective sustainable path standard for energy, carbon, water, and waste ratios, among other key indexes. JustMeans' Global 1000 ranks mid-to-large cap companies on more than 200 financial, environmental, social and governance performance metrics based on Global Reporting Initiative (GRI) standards. Pinnacle West is a Phoenix-based company with consolidated assets of about $12.2 billion. Through its subsidiaries, the Company generates, sells and delivers electricity and sells energy-related products and services to retail and wholesale customers in the western United States.