Xcel Energy
Xcel Energy Inc., a leading utility provider, is headquartered in Minneapolis, Minnesota, and serves millions of customers across eight states, including Colorado, Texas, and New Mexico. Founded in 1909, the company has evolved significantly, achieving key milestones such as its commitment to renewable energy and sustainability. Operating primarily in the electric and natural gas sectors, Xcel Energy is renowned for its innovative approach to clean energy solutions, offering a diverse range of services that include electricity generation, transmission, and distribution. The company stands out for its ambitious goals to reduce carbon emissions and increase renewable energy sources, positioning itself as a market leader in the transition to a sustainable energy future. With numerous accolades for its environmental initiatives and customer service, Xcel Energy continues to set benchmarks in the utility industry, making it a trusted choice for energy solutions.
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 Supply 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 45 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Xcel Energy's reported carbon emissions
In 2023, Xcel Energy reported total carbon emissions of approximately 36.2 million tonnes CO2e, comprising 36.2 million tonnes from Scope 1 emissions, 0.31 million tonnes from Scope 2, and about 23.3 million tonnes from Scope 3 emissions. This reflects a commitment to reducing their carbon footprint while maintaining operational efficiency. Xcel Energy has set ambitious climate commitments, aiming for a significant reduction in emissions intensity. Their total owned and purchased generation CO2e emissions intensity was reported at 371.0 kg CO2e per MWh in 2023, down from 394.0 kg CO2e per MWh in 2022. This indicates a positive trend towards lower emissions per unit of electricity generated. The company has been actively working towards sustainability, as evidenced by their participation in the CDP (formerly Carbon Disclosure Project), where they have received scores indicating their commitment to transparency and climate action. In recent years, Xcel Energy has consistently aimed to improve its emissions reporting and reduction strategies, aligning with industry standards for climate accountability. Overall, Xcel Energy's ongoing efforts to reduce carbon emissions and enhance sustainability practices demonstrate their commitment to addressing climate change and transitioning towards a cleaner energy future.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2022 | 2023 | |
|---|---|---|
| Scope 1 | 37,960,000,000 | 00,000,000,000 |
| Scope 2 | 740,000,000 | 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 committed to some 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.
