Wec Energy Sustainability Profile
WEC Energy Group, commonly referred to as WEC Energy, is a leading energy provider headquartered in the United States, with significant operations across Wisconsin, Illinois, Michigan, and Minnesota. Founded in 1896, the company has evolved into a major player in the utility industry, focusing on electric and natural gas distribution, as well as renewable energy solutions. WEC Energy Group is renowned for its commitment to sustainable energy practices, offering a diverse range of services that include electric generation, transmission, and distribution, alongside natural gas services. The company has achieved notable milestones, such as significant investments in renewable energy projects, positioning itself as a frontrunner in the transition to cleaner energy sources. With a strong market presence and a reputation for reliability, WEC Energy continues to play a vital role in powering communities while prioritising environmental stewardship.
DitchCarbon Score
How does Wec Energy'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 Natural Gas Extraction 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
Wec Energy's score of 29 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wec Energy's reported carbon emissions
In 2024, WEC Energy Group reported Scope 1 emissions of approximately 3,000,000 kg CO2e in the US, primarily from stationary combustion. The previous year, 2023, saw a total of about 6,527,000,000 kg CO2e in Scope 1 emissions globally, indicating a significant operational footprint. In 2022, the company recorded approximately 18,871,000,000 kg CO2e in Scope 1 emissions in the US. WEC Energy Group has set ambitious climate commitments, aiming for net carbon neutrality in its electric generation by 2050. This long-term goal encompasses both Scope 1 and Scope 2 emissions. Additionally, the company has pledged to reduce carbon emissions from its generation fleet by 60% by the end of 2025 and by 80% by 2030, both compared to 2005 levels. These targets reflect a proactive approach to mitigating climate impact and align with industry standards for greenhouse gas reduction. The company’s strategy includes collaboration with various stakeholders, including regulatory agencies and environmental groups, to achieve these emissions reductions. WEC Energy Group's commitment to sustainability is further underscored by its ongoing efforts to adapt and enhance its emissions reduction strategies in response to evolving regulations and climate science.
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| 2005 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 35,700,000,000 | - | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 00,000,000,000 | - | - | 000,000,000 | 000 | - | - | - |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000 | - | - | - |
How Carbon Intensive is Wec Energy's Industry?
How Carbon Intensive is Wec Energy's Location?
Wec Energy's Scope 3 Categories Breakdown
Wec Energy's Scope 3 emissions, which decreased by 100% last year and decreased by approximately 98% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Fuel and Energy Related Activities" being the primary emissions source at 4% of Scope 3 emissions.
Top Scope 3 Categories
Wec Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Wec Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
