MGE Energy, Inc.
MGE Energy, Inc., commonly referred to as MGE, is a prominent utility holding company headquartered in the United States. Established in 1855, MGE has evolved into a key player in the energy sector, primarily serving the Madison, Wisconsin area and surrounding regions. The company operates within the electric and natural gas industries, providing reliable energy solutions to residential, commercial, and industrial customers. MGE Energy is renowned for its commitment to sustainability and innovation, offering a diverse range of services that include electricity generation, natural gas distribution, and renewable energy initiatives. With a strong focus on clean energy, MGE has made significant strides in reducing carbon emissions and enhancing energy efficiency. As a leader in the market, MGE Energy has received numerous accolades for its environmental stewardship and customer service excellence, solidifying its position as a trusted energy provider in the region.
DitchCarbon Score
How does MGE Energy, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Distribution industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
MGE Energy, Inc.'s score of 7 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MGE Energy, Inc.'s reported carbon emissions
In 2023, MGE Energy, Inc. reported carbon emissions of approximately 10,690 kg CO2e, exclusively from Scope 3 emissions. This data highlights the company's focus on upstream and downstream activities, although no Scope 1 or Scope 2 emissions data is available for this year. Historically, MGE Energy has not disclosed specific emissions data for the years 2022 and prior, indicating a potential gap in transparency regarding their overall carbon footprint. The last available comprehensive emissions data from 2014 in the US included significant figures: 1,803,960,000 kg CO2e for Scope 1, 21,452,000 kg CO2e for Scope 2, and 1,309,834,200 kg CO2e for Scope 3 emissions, showcasing a substantial environmental impact. Currently, MGE Energy has not set any specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). This lack of formal climate pledges may reflect an opportunity for the company to enhance its sustainability strategy and align with industry standards for climate action. Overall, while MGE Energy has begun to disclose some emissions data, there remains a significant need for comprehensive reporting and commitment to reduction targets to effectively address climate change and improve its environmental performance.
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| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 10,690 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
MGE Energy, Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
