Public Profile

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.

11

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.

0

Industry Benchmark

Wec Energy's score of 11 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

80%

Wec Energy's reported carbon emissions

In 2023, WEC Energy Group reported total carbon emissions of approximately 16,455,000,000 kg CO2e, with Scope 1 emissions primarily from stationary combustion amounting to about 6,527,000,000 kg CO2e. The company has shown a significant reduction in emissions over the years, decreasing from approximately 33,334,000,000 kg CO2e in 2017 to the current figure. WEC Energy's emissions data indicates a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has not established any Science-Based Targets Initiative (SBTi) reduction targets or formal climate pledges, which may reflect a broader industry context where many energy companies are increasingly focusing on sustainability and emissions reduction. Overall, WEC Energy's emissions trajectory suggests a proactive approach to managing its environmental impact, aligning with industry standards for climate responsibility.

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20052017201820192020202120222023
Scope 1
35,700,000,000
-
-
-
-
00,000,000,000
00,000,000,000
0,000,000,000
Scope 2
-
-
-
000,000,000
00,000,000
00,000,000
000,000,000
-
Scope 3
-
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000
00,000,000,000
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Wec Energy's primary industry is Natural gas and services related to natural gas extraction, excluding surveying, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Wec Energy is headquartered in US, which has a rank of low, indicating low grid carbon 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 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

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