This year, PG&E was the top-ranked utility at number 25, improved from last year's ranking at 28th. And that was against tougher competition: the average composite score of the top 100 companies rose 19 percent, according to the magazine.

“The higher scores reveal a quantum leap in performance, which we attribute to the competitive dynamic of firms who understand the importance of stakeholder support from investors, customers, employees, regulators, and suppliers,” said Corporate Responsibility Magazine editor Dirk Olin. 

Earning a spot on the list reflects PG&E’s long-standing commitment to corporate responsibility, including its efforts to deliver some of the nation’s cleanest electric power and its groundbreaking programs to help customers use energy more efficiently. The ranking also recognizes the many ways in which PG&E is giving back to local communities, respecting and celebrating diversity and contributing to the quality of life in the areas where its employees live and work.

Further evidence that PG&E is on to something came last month when RiskMetrics Group named PG&E to its sixth annual Global ESG 100 list of top-rated companies worldwide. The companies were selected based on their "effective management" of environmental, social and governance issues. The list was previously managed by Innovest Strategic Value Advisors, which RiskMetrics purchased in 2009.

As previously noted in NEXT100, Corporate Knights magazine recently ranked PG&E number two on its Global 100 list of sustainable large companies, behind only GE. 

One of the great contributions of organizations that monitor corporate responsibility and sustainability is educating investors that doing good is often a precondition for doing well. In today's interdependent world, handling environmental and social issues to the satisfaction of customers, regulators and other stakeholders is a sign of attentive management. Corporate Responsibility points out that longstanding members of its 100 Best list outperformed other companies on the Russell 1000 by 26 percent over three years. And RiskMetrics notes that since its list was created in 2005, "the Global ESG 100 has outperformed the benchmark FTSE All World Developed (AWD) Index by 116 basis points per annum, as of the end of 2009."