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 65% 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 2022, MGE Energy, Inc. reported significant carbon emissions data, although specific figures for Scope 1, 2, and 3 emissions were not disclosed. The company has a history of reporting emissions, with the most comprehensive data available from 2014, which indicated total emissions of approximately 1,803,960,000 kg CO2e for Scope 1, 21,452,000 kg CO2e for Scope 2, and 2,101,760,000 kg CO2e for Scope 3. This data highlights the substantial impact of the use of sold products and fuel and energy-related activities. MGE Energy has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action. The company’s emissions intensity for owned generation was reported at 628.0 kg CO2e per MWh in 2022, a decrease from 743.0 kg CO2e per MWh in 2021 and 761.0 kg CO2e per MWh in 2020, indicating a trend towards improved efficiency in their operations. Overall, while MGE Energy, Inc. has made strides in emissions intensity reduction, the lack of specific reduction targets and comprehensive emissions data for recent years underscores the importance of enhancing their climate commitments and transparency in reporting.
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.
