Curious to see the emissions of the organizations you buy from or invest in?
Book a demo for a pilot project
Book a demo for a pilot project
Xcel Energy, a leading provider in the electricity sector, is headquartered in the United States and operates primarily across the Midwest and Western regions. Founded in 1909, the company has evolved significantly, achieving notable milestones in renewable energy integration and customer service innovation.
Specialising in electricity generation and distribution, Xcel Energy is recognised for its commitment to sustainable practices, offering a diverse range of services that include wind and solar energy solutions. This focus on clean energy sets it apart in the industry, positioning Xcel Energy as a frontrunner in the transition to a greener future.
With a strong market presence, Xcel Energy has received accolades for its efforts in reducing carbon emissions and enhancing grid reliability, solidifying its reputation as a responsible energy provider dedicated to serving its customers and communities effectively.
+44 vs industry average
Xcel Energy’s score of 60 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Electricity from Other Sources is among the most carbon-intensive industries
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Scope 3 accounts for ••• of total emissions.
Xcel Energy, an Electricity nec company headquartered in the US, reported total emissions of approximately 52.9 billion kg CO2e in 2025. This includes about 29.3 billion kg CO2e in Scope 1 emissions, 380 million kg CO2e in Scope 2 emissions, and 23.23 billion kg CO2e in Scope 3 emissions.
In 2024, Xcel Energy's total reported emissions were approximately 55.52 billion kg CO2e, comprising about 32.66 billion kg CO2e in Scope 1, 760 million kg CO2e in Scope 2, and 22.1 billion kg CO2e in Scope 3 emissions. For 2023, the company reported approximately 36.18 billion kg CO2e in Scope 1 emissions, 310 million kg CO2e in Scope 2 emissions, and 23.32 billion kg CO2e in Scope 3 emissions. In 2022, Xcel Energy reported total emissions of approximately 62.96 billion kg CO2e, with around 37.96 billion kg CO2e from Scope 1, 740 million kg CO2e from Scope 2, and 24.26 billion kg CO2e from Scope 3.
Xcel Energy is committed to delivering 100% carbon-free electricity by 2050, with an interim goal of an 80% reduction in carbon emissions from electricity provided to customers by 2030, using 2005 as a baseline. The company also aims to achieve net-zero natural gas service by 2050 and reduce greenhouse gas emissions by 25% from the supply, delivery, and customer use of natural gas by 2030, including net-zero methane emissions from its distribution system. Xcel Energy's goals cover Scope 1, 2, and 3 emissions.
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.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
See all scope 3 categories
Already have an account? Sign in now


PCAF scored Scope 1, 2 and 3 for 2M+ organizations, including private ones.
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn more