Corporate Sustainability
Puget Energy and its primary operating subsidiary Puget Sound Energy (PSE) are committed to doing what is right by striving to continuously improve the sustainability of our business while delivering cleaner, safe and reliable energy while keeping energy equity in mind. As an electric and natural gas utility, a key element of sustainability is our critical role in Washington’s clean energy transition required under the Clean Energy Transformation Act (CETA), the Climate Commitment Act (CCA) and the Clean Fuel Standard (CFS).
CETA requires that PSE’s electric supply to customers be net zero carbon by 2030 and 100% clean (renewable and non-emitting) by 2045. CCA establishes a GHG emissions cap-and-invest program that requires covered entities, including electric and gas utilities, to purchase allowances to cover their GHG emissions with a cap on available allowances that declines annually through 2050 to support Washington’s commitment to reduce greenhouse gas (GHG) emissions by 95% by 2050. The CFS is designed to reduce GHG emissions in the transportation sector and PSE’s role is providing lower-carbon intensity fuels and supporting transportation electrification.
The following provides links to documents that describe PSE’s overall longer-term and specific near-term strategies and report on our progress.
Strategy: Helping drive Washington’s clean energy transition
- Pathway to Beyond Net Zero Carbon by 2045
- Clean Energy Implementation Plan (CEIP) to access most current documents
- Integrated Resource Planning to access most current resource planning documents
- Equity Advisory Group
Progress: Sustainability reporting and disclosures
- Sustainability Report
- Greenhouse Gas Policy Statement and GHG Inventory
- SASB Index – aligned with Sustainability Accounting Standards Board (SASB) framework
- GRI Index – referenced to Global Reporting Initiative (GRI) framework
- Electric Operations Sustainability Metrics – Edison Electric Institute template
- Gas Operations Sustainability Metrics – American Gas Association template
Adaptation: Climate resiliency
- TCFD Report – aligned with Task Force for Climate-Related Financial Disclosures (TCFD) guidance
- Grid Modernization webpage
- Wildfire Mitigation and Response Plan