Xcel Energy
Xcel Energy, a leading utility provider in the United States, is headquartered in Minneapolis, Minnesota. Founded in 1909, the company has established itself as a key player in the energy sector, serving millions of customers across eight states, including Colorado, Texas, and Minnesota. Xcel Energy operates primarily in the electric and natural gas industries, focusing on sustainable energy solutions and innovative technologies. The company is renowned for its commitment to renewable energy, boasting one of the largest wind energy portfolios in the nation. Xcel Energy's core services include electricity generation, transmission, and distribution, alongside natural gas services, all designed to meet the evolving needs of its customers. With a strong emphasis on sustainability and customer satisfaction, Xcel Energy has received numerous accolades for its environmental initiatives and reliability, solidifying its position as a trusted energy provider in the market.
DitchCarbon Score
How does Xcel 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 Electricity from Other Sources 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
Xcel Energy's score of 40 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Xcel Energy's reported carbon emissions
In 2023, Xcel Energy, headquartered in the US, reported total carbon emissions of approximately 17,640,000,000 kg CO2e. This figure includes Scope 1 emissions of about 36,180,000,000 kg CO2e, which primarily arise from stationary and mobile combustion, Scope 2 emissions of approximately 310,000,000 kg CO2e from purchased electricity, and Scope 3 emissions of around 23,320,000,000 kg CO2e, largely from fuel and energy-related activities. Xcel Energy has set ambitious climate commitments, aiming for an 80% reduction in carbon dioxide emissions by 2030, using technologies such as wind, solar, nuclear, and battery storage. This target applies to both Scope 1 and Scope 2 emissions, with a baseline year of 2005. Furthermore, the company is committed to achieving net-zero emissions across all scopes by 2050, ensuring reliable service while maintaining low customer bills. The company's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from Xcel Energy Inc. As part of its sustainability strategy, Xcel Energy continues to report progress towards these significant reduction goals, reinforcing its commitment to addressing climate change.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 37,960,000,000 | 00,000,000,000 |
| Scope 2 | 20,000,000 | 000,000,000 |
| Scope 3 | 24,260,000,000 | 00,000,000,000 |
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.
Xcel 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.
