Xcel Energy

Xcel Energy, an electricity company headquartered in the US, has set ambitious climate commitments. For 2025, the company reported total emissions of approximately 52.9 billion kg CO2e, comprising Scope 1 emissions of about 29.3 billion kg CO2e, Scope 2 emissions of approximately 380 million kg CO2e, and Scope 3 emissions of about 23.2 billion kg CO2e. In 2024, total emissions were around 55.4 billion kg CO2e, with Scope 1 at roughly 32.7 billion kg CO2e, Scope 2 at about 760 million kg CO2e, and Scope 3 at approximately 22.1 billion kg CO2e.

The company aims to deliver 100% carbon-free electricity by 2050, with an interim target to reduce carbon emissions from electricity provided to customers by 80% by 2030, based on 2005 levels. This includes a commitment to an 80% reduction in carbon dioxide emissions from electricity provided to customers by 2030, covering both owned generation (Scope 1) and purchased power (Scope 3). Xcel Energy also has a long-term net-zero aspiration for its natural gas service by 2050, with interim goals to reduce greenhouse gas emissions from the supply, delivery, and customer use of natural gas by 25% by 2030, including achieving net-zero methane emissions from its distribution system. Furthermore, the company is working towards enabling one out of five vehicles to be electric by 2030 to power zero-carbon transportation. In 2019, Xcel Energy achieved its largest one-year decline in carbon emissions, seeing a more than 10% reduction compared to 2018, and from 2005 to 2019, emissions from the electricity serving customers were reduced by 44%. Xcel Energy is committed to reporting progress towards its carbon reduction goals across all scopes.