New Jersey Resources Expands Coastal Climate Initiative, Environmental Stewardship Efforts With Milestone Funding Announcement
24 Januar 2024 - 1:00PM
Business Wire
New Jersey Audubon to receive $560,000
charitable gift to help transform Hovnanian Sanctuary in Ocean
County, NJ
In conjunction with its 71st Annual Shareowners Meeting, New
Jersey Resources (NYSE: NJR) today released its fiscal 2023
Corporate Sustainability Report highlighting the company’s progress
on Environmental, Societal and Governance (ESG) priorities and its
sustainability agenda.
NJR also announced a milestone five-year funding commitment of
$560,000 from its charitable foundation to advance local
environmental improvements in partnership with New Jersey Audubon.
This gift is made possible through NJR’s 2023 pledge to commit $2
million over five years through its charities, supporting the work
of its Coastal Climate Initiative (CCI) on natural resource and
environmental stewardship in the communities it serves.
The $560,000 in funding will support New Jersey Audubon’s
efforts to preserve, restore and enhance the habitats and
resiliency of the Hovnanian Sanctuary in Berkeley Township, Ocean
County, New Jersey - part of the Pinelands National Reserve.
“New Jersey Resources is committed to delivering results for our
stakeholders and leading with action on our sustainability
initiatives,” said Steve Westhoven, President and CEO of New Jersey
Resources. “Our company continues to drive cleaner energy
innovation forward, while making a difference in the communities we
serve.”
“NJR’s milestone funding commitment and partnership with New
Jersey Audubon punctuates our progress on sustainability issues,”
Westhoven said. “Working together on this project helps restore an
important local ecosystem, improving resiliency and sustainability
in our communities for generations to come. Through commitments
like this and our Coastal Climate Initiative, NJR is leading on
environmental stewardship in our state.”
NJR’s charitable gift will help support:
- Restoration and enhancement of over 100 acres of upland forest
in part to reduce the risk of wildfire to local communities and
residents, improve water quality and enhance the climate resiliency
of the forest.
- Enhancement and restoration of an additional 15+ acres of
Atlantic white cedar forest to help reverse the decline of this
critical natural resource in the Barnegat Bay watershed that
provides important ecological and weather resilience benefits to
coastal areas.
- Development of new and improved recreational opportunities for
the area’s residents and visitors, including five miles of walking
trails, public access points, mapping, and signage.
“New Jersey Resources shares our commitment to the responsible
and proactive stewardship of our environment, understanding these
efforts result in stronger, more resilient communities, said Alex
Ireland, president and CEO of New Jersey Audubon. “Working together
under this partnership agreement, NJR and New Jersey Audubon are
building a more sustainable future for New Jersey wildlife. The
critical funding provided by NJR will help restore and preserve
environmentally sensitive areas in the Pinelands National Reserve,
with a focus on climate resiliency, water improvements, and
wildlife habitat restoration. We appreciate NJR’s continued
commitment to these efforts through its Coastal Climate Initiative,
enabling environmental stewardship in fragile ecosystems where
attention is most needed.”
NJR’s fiscal 2023 Corporate Sustainability Report released today
details progress on its sustainability agenda spanning
environmental, social and governance initiatives — including
emission reduction goals and decarbonization priorities — across
the company.
Highlights within NJR’s 2023 Corporate Sustainability Report
include:
- Completed North America’s largest capped landfill solar array
and largest floating solar array – both located in New Jersey –
solidifying NJR Clean Energy Ventures’ national leadership in
innovative renewable energy.
- Achieved the highest single-year investment of $59 million in
NJNG’s energy-efficiency programs – cutting carbon emissions by
helping customers reduce their energy consumption.
- Continued to advance cutting-edge, lower-carbon energy
solutions, including carbon capture technology and high-efficiency
gas heat pumps in NJR’s own facilities.
- Engaged in dynamic partnerships with leading academic and
industry research organizations to support our emissions reduction
and innovation efforts, including:
- GTI Energy’s Emerging Technology and Net Zero Infrastructure
Programs
- Stanford University’s Natural Gas Initiative at its Doerr
School of Sustainability and Precourt Institute of Energy
- Princeton University’s Andlinger Center for Energy and the
Environment
- Our Nation’s Energy Future (ONE Future)
- Named one of America’s Most Responsible Companies by Newsweek
for the fifth consecutive year – one of only 156 companies
nationwide to be recognized every year since 2020.
- Provided approximately 4,000 hours of volunteer service –
nearly double the amount of the previous year.
To read the full sustainability report, please visit our
website: www.njrsustainability.com.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that,
through its subsidiaries, provides safe and reliable natural gas
and clean energy services, including transportation, distribution,
asset management and home services. NJR is composed of five primary
businesses:
- New Jersey Natural Gas, NJR’s principal subsidiary,
operates and maintains natural gas transportation and distribution
infrastructure to serve nearly 576,000 customers in New Jersey’s
Monmouth, Ocean and parts of Morris, Middlesex, Sussex and
Burlington counties.
- Clean Energy Ventures invests in, owns and operates
solar projects with a total capacity of approximately 469
megawatts, providing residential and commercial customers with
low-carbon solutions.
- Energy Services manages a diversified portfolio of
natural gas transportation and storage assets and provides physical
natural gas services and customized energy solutions to its
customers across North America.
- Storage and Transportation serves customers from local
distributors and producers to electric generators and wholesale
marketers through its ownership of Leaf River Energy Center and the
Adelphia Gateway Pipeline, as well as our 50% equity ownership in
the Steckman Ridge natural gas storage facility.
- Home Services provides service contracts as well as
heating, central air conditioning, water heaters, standby
generators, solar and other indoor and outdoor comfort products to
residential homes throughout New Jersey.
NJR and its over 1,300 employees are committed to helping
customers save energy and money by promoting conservation and
encouraging efficiency through Conserve to Preserve® and
initiatives such as SAVEGREEN™ and The Sunlight Advantage®.
For more information about NJR visit www.njresources.com.
Follow us on X (formerly Twitter) @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
About New Jersey Audubon
New Jersey Audubon is a privately supported, not-for-profit,
statewide membership organization.
Founded in 1897, NJA is one of the oldest independent Audubon
organizations. The mission of New Jersey Audubon is to connect all
people with nature and steward the nature of today for all people
of tomorrow. For more information on New Jersey Audubon, visit
www.njaudubon.org
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version on businesswire.com: https://www.businesswire.com/news/home/20240124327827/en/
Media: Mike Kinney 732-938-1031
mkinney@njresources.com
Investors: Adam Prior 732-938-1145
aprior@njresources.com
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