JACKSON, Mich., Nov. 11, 2013 /PRNewswire/ -- Consumers Energy performed well against industry peers in sustainable business practices during 2012, ranking in the first quartile when compared to 24 utility companies from around the U.S.
"Consumers Energy has been a part of the fabric of Michigan communities for 125 years. Our goal with our sustainability practices is to be here for another 125 by ensuring that we treat all of our stakeholders -- customers, communities, and employees -- as long-term partners for our mutual future success," said Dennis Dobbs, Consumers Energy's vice president of generation engineering and services and executive sponsor of the company's sustainability initiative.
"We are seeking to make decisions and adopt sustainable practices today which consider and safeguard the social, economic and environmental interests of tomorrow's generation of Michigan citizens," Dobbs said. "Ensuring that future generations have affordable, reliable and increasingly clean energy is part of our Promise to Michigan."
As part of a corporate sustainability initiative, Consumers Energy contracted with Sustainalytics ( www.sustainalytics.com), a Boston-based company, to help measure how its efforts rank compared to similar utilities.A Sustainalytics analysis released this month shows Consumers Energy ranks in the first quartile among industry peers and is making significant progress toward its goal of industry-best performance by 2017. Sustainalytics scored the companies by measuring 68 environmental, social and governance indicators. Consumers Energy benchmarked itself against combination electric and natural gas utilities of similar size and generation portfolios. Sustainable companies generally strive to achieve economic prosperity, social responsibility, and environmental quality. Consumers Energy this year, for example, has begun to establish targets for air emissions and water usage, develop a more sustainable supply chain, and empower employees to make a tangible difference in their communities.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV