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 11 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
MGE Energy, Inc.'s reported carbon emissions
In 2022, MGE Energy, Inc. reported total carbon emissions of approximately 1,960,131,000 kg CO2e. This figure includes Scope 1 emissions of about 1,521,865,000 kg CO2e, Scope 2 emissions of approximately 438,266,000 kg CO2e, and Scope 3 emissions also at around 438,266,000 kg CO2e. The company's emissions for 2021 were similar, with total emissions again at about 1,960,131,000 kg CO2e, comprising Scope 1 emissions of approximately 2,009,043,000 kg CO2e and Scope 2 emissions of about 329,182,000 kg CO2e. MGE Energy has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, the company has consistently reported its emissions across all three scopes, indicating a commitment to transparency in its environmental impact. The emissions intensity for total owned generation was reported at 628.0 kg CO2e per MWh in 2022, reflecting ongoing efforts to monitor and manage its carbon footprint. Overall, while MGE Energy has not set formal reduction targets, its emissions data suggests a focus on understanding and potentially mitigating its climate impact in the future.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 1,876,083,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 377,462,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 14,439,000 | 000,000,000 | 000,000,000 |
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 committed to any reduction initiatives 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.
