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WEC Energy Group, commonly referred to as WEC Energy, is a prominent American utility company headquartered in the United States. Established in 1896, the company has a long-standing history in the energy sector, primarily focusing on natural gas services and related extraction activities, excluding surveying. WEC Energy operates across key regions, delivering reliable natural gas supply and infrastructure services to residential, commercial, and industrial customers.
As a leader in the natural gas industry, WEC Energy distinguishes itself through its commitment to safety, innovation, and sustainable energy solutions. Its core offerings include natural gas distribution, transmission, and related services, making it a vital player in the US energy landscape. With a strong market position and a track record of growth, WEC Energy continues to advance its mission of providing clean, efficient energy to its communities.
+14 vs industry average
Wec Energy’s score of 33 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Natural Gas Extraction is among the most carbon-intensive industries
The Natural Gas Extraction industry has reduced its overall emissions by 16% since 2018
Scope 3 accounts for ••• of total emissions.
WEC Energy Group, based in the US and operating in the natural gas industry, has made significant commitments to reduce its carbon footprint. For the year 2024, the company reported Scope 1 emissions totalling approximately 19,060,631,000 kg CO2e and Scope 2 emissions of approximately 162,988,000 kg CO2e (market-based). In 2023, Scope 1 emissions were approximately 6,527,000,000 kg CO2e.
WEC Energy Group has set ambitious targets for emissions reduction. A key near-term goal is to reduce carbon emissions from its generation fleet by 60% below 2005 levels by the end of 2025, and by 80% by the end of 2030. Looking further ahead, the company aims for net carbon neutrality in its electric generation by 2050. Additionally, there is a commitment to achieve net zero emissions by the end of 2030, which includes efforts to limit warming to 1.5°C, with the use of renewable natural gas expected to contribute to this goal. Some earlier reports also indicate a long-term goal to reduce CO2 emissions by 80% below 2005 levels by 2050, and a 2030 target of approximately 40% reduction below 2005 levels.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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