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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.
41
DitchCarbon score
+22 vs industry average
Wec Energy’s score of 41 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Natural Gas Extraction is among the most carbon-intensive industries
Industry performance
0.868
20182025
The Natural Gas Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Wec Energy's reported carbon emissions
WEC Energy, headquartered in the US and operating in the natural gas and related services industry, has set ambitious climate commitments, aiming for net-zero carbon emissions by 2050.
In 2024, WEC Energy reported Scope 1 emissions of approximately 19.06 billion kg CO2e and Scope 2 emissions of about 162.99 million kg CO2e (market-based). In 2023, the company's Scope 1 emissions were approximately 6.53 billion kg CO2e. For 2022 and 2021, Scope 1 emissions were around 6.39 billion kg CO2e and 5.90 billion kg CO2e, respectively.
The company has established several reduction targets:
- Near-term targets: WEC Energy aims to reduce carbon emissions from its generation fleet by 60% by 2025 and 80% by 2030, both compared to 2005 levels. These targets encompass Scope 1 and Scope 2 emissions. Additionally, for its natural gas delivery operations, the company targets net-zero methane emissions by 2030.
- Long-term targets: WEC Energy is committed to achieving net carbon neutrality for its electric generation by 2050. This net-zero goal applies to both Scope 1 and Scope 2 emissions. The company has also set an overarching goal to become net carbon neutral across all scopes by 2050.
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Wec Energy’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Wec Energy7 months ago
41
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