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 14 is lower than 53% 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 marks a significant focus on indirect emissions, as the company has not disclosed any data for Scope 1 or Scope 2 emissions in this reporting year. In the previous year, 2022, MGE Energy's total emissions were approximately 1,960,131,000 kg CO2e, with Scope 1 emissions accounting for about 1,521,865,000 kg CO2e and Scope 3 emissions at approximately 438,266,000 kg CO2e. The data from 2021 shows similar figures, with total emissions also at approximately 1,960,131,000 kg CO2e, comprising about 1,607,191,100 kg CO2e from Scope 1, 14,929,000 kg CO2e from Scope 2, and 438,266,000 kg CO2e from Scope 3. Despite the substantial emissions reported, MGE Energy has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). The company appears to be in the early stages of formalising its climate commitments, with no current pledges or initiatives reported. Overall, MGE Energy's emissions data reflects a significant reliance on Scope 1 emissions, with a notable absence of comprehensive climate strategies or reduction commitments at this time.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,607,191,100 | 0,000,000,000 | - |
| Scope 2 | 14,929,000 | - | - |
| Scope 3 | 438,266,000 | 000,000,000 | 00,000 |
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.
