The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Pinnacle West Recognized Twice as Sustainable Leader

<p class='bwalignc'> <i>Acclaimed by Corporate Responsibility Magazine and Target Rock Advisors</i> </p>

Wednesday, May 08, 2013

Pinnacle West Recognized Twice as Sustainable Leader

18:13 EDT Wednesday, May 08, 2013

PHOENIX (Business Wire) -- For the third consecutive year, Pinnacle West Capital Corp. (NYSE: PNW), the parent company of Arizona Public Service, was listed in the prestigious Corporate Responsibility Magazine's annual recognition of “100 Best Corporate Citizens.” The 2013 list ranks Pinnacle West 35th overall, among thousands of companies worldwide.

“To make our vision of a sustainable energy future for Arizona a reality requires taking real action across the entire business spectrum,” said Ann Becker, APS Vice President, Environmental & Chief Sustainability Officer. “For example, we have reduced the CO2 emissions of our mobile fleet by 25 percent, provided $8.3 million in annual charitable giving and, with our vendors, recycled 9.3 million pounds of materials.”

Recognized by PR Week as one of America's top three most prestigious rankings for public companies, Corporate Responsibility Magazine's “100 Best Corporate Citizens” list evaluates companies on their performance and transparency in 298 data points across seven primary segments of corporate responsibility: (i) Climate change; (ii) Employee relations; (iii) Environmental; (iv) Financial; (v) Governance; (vi) Human rights; and (vii) Philanthropy.

Another prominent recognition awarded to Pinnacle West was from Target Rock Advisors. Target Rock named its utility industry sustainability leaders in the large-capitalization, mid-cap and small-cap categories. Pinnacle West was one of three companies awarded in the 2013 mid-cap utility category. The winners were chosen from a field of approximately 150 publicly traded energy utilities and related companies located in the United States, representing some 350 distinct operating subsidiaries.

The awards were grouped into market capitalization categories to acknowledge the different challenges faced by utilities because of their size. Winners were recognized for their performance and management of the classic pillars of sustainability: environmental stewardship, economic performance and societal contribution.

Pinnacle West Capital, an energy holding company based in Phoenix, has consolidated assets of about $13.3 billion, more than 6,300 megawatts of generating capacity and about 6,600 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the Company provides retail electricity service to more than 1.1 million Arizona homes and businesses. For more information about Pinnacle West, visit the Company's website at pinnaclewest.com.

Pinnacle West Capital Corp.
Media Contact:
Alan Bunnell, 602-250-3376
Analyst Contact:
Rebecca Hickman, 602-250-5668
Website: pinnaclewest.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
NEWS APP
Other Sections