New Jersey Resources Corp (NJ Resources) is a publicly traded company headquartered in Wall Township, New Jersey, United States. The company operates in the Gas Transmission & Storage sector, providing natural gas transportation, storage, and distribution services to customers in New Jersey and surrounding areas. NJ Resources has been in operation since 1922 and has a long history of providing reliable energy solutions to its customers.

In recent years, NJ Resources has been actively working towards decarbonisation and increasing its use of renewable energy sources. The company has set a goal to reduce its greenhouse gas emissions by 50% by 2030 and achieve net-zero emissions by 2050. To achieve this goal, NJ Resources has implemented several initiatives, including investing in renewable energy projects and exploring new technologies to reduce emissions.

One of NJ Resources' key initiatives to reduce emissions is the use of corporate power purchase agreements (PPAs). A corporate PPA is a contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a set period. NJ Resources has entered into several corporate PPAs with wind and solar energy providers, which has allowed the company to increase its use of renewable energy and reduce its carbon footprint.

NJ Resources has also invested in renewable energy projects, including the development of a 10-megawatt solar farm in Bordentown, New Jersey. The solar farm is expected to generate enough electricity to power approximately 1,200 homes and will help NJ Resources achieve its renewable energy goals.

In addition to its efforts to increase its use of renewable energy, NJ Resources is also focused on improving its corporate energy efficiency. The company has implemented several energy-saving measures, such as upgrading its lighting systems and HVAC systems, to reduce its energy consumption and lower its carbon footprint.

NJ Resources' commitment to decarbonisation and renewable energy has been recognised by several industry bodies. In 2020, the company was named to the Dow Jones Sustainability North America Index, which recognises companies that demonstrate leadership in environmental, social, and governance (ESG) practices.

NJ Resources' focus on decarbonisation and renewable energy aligns with the broader trend towards a more sustainable energy future. As governments and businesses around the world work towards reducing greenhouse gas emissions and transitioning to renewable energy sources, companies like NJ Resources are well-positioned to play a key role in this transition.

In conclusion, New Jersey Resources Corp is a leading player in the Gas Transmission & Storage sector, providing natural gas transportation, storage, and distribution services to customers in New Jersey and surrounding areas. The company has a long history of providing reliable energy solutions to its customers and has recently been focused on decarbonisation and increasing its use of renewable energy sources. NJ Resources has set a goal to reduce its greenhouse gas emissions by 50% by 2030 and achieve net-zero emissions by 2050, and has implemented several initiatives, including corporate PPAs and investing in renewable energy projects, to achieve this goal. NJ Resources' commitment to decarbonisation and renewable energy aligns with the broader trend towards a more sustainable energy future and positions the company well for future growth and success.