Wec Energy
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 58% 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 2023, WEC Energy Group reported carbon emissions of approximately 6,527,000,000 kg CO2e from Scope 1 sources, specifically from stationary combustion. This figure represents a significant portion of their total emissions, which were approximately 18,871,000,000 kg CO2e in 2022, indicating a focus on reducing direct emissions from their operations. WEC Energy Group has set ambitious climate commitments, aiming for net carbon neutrality in their electric generation by 2050. They have established near-term targets to reduce carbon emissions from their generation fleet by 60% by the end of 2025 and by 80% by the end of 2030, both compared to 2005 levels. These targets encompass both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to their carbon footprint. The company is actively working with various stakeholders, including regulatory agencies and environmental groups, to achieve these goals. Their long-term strategy includes a commitment to reducing greenhouse gas emissions significantly, with a specific target of 70% reduction in CO2 emissions from electricity generation by 2030, below 2005 levels. Overall, WEC Energy Group's climate commitments and reduction initiatives demonstrate a proactive stance towards addressing climate change and reducing their carbon emissions in line with industry standards.
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| 2005 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 35,700,000,000 | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | 000,000,000 | 00,000,000 | - | - | - |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000 | 0,000,000 | - | - | - |
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.
Wec Energy is participating in some 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.
