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 (pinnaclewest.com), 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.