MGE Energy, Inc.
MGE Energy, Inc., commonly referred to as MGE, is a prominent utility holding company headquartered in the United States. Established in 1855, MGE has evolved into a key player in the energy sector, primarily serving the Madison, Wisconsin area and surrounding regions. The company operates within the electric and natural gas industries, providing reliable energy solutions to residential, commercial, and industrial customers. MGE Energy is renowned for its commitment to sustainability and innovation, offering a diverse range of services that include electricity generation, natural gas distribution, and renewable energy initiatives. With a strong focus on clean energy, MGE has made significant strides in reducing carbon emissions and enhancing energy efficiency. As a leader in the market, MGE Energy has received numerous accolades for its environmental stewardship and customer service excellence, solidifying its position as a trusted energy provider in the region.
DitchCarbon Score
How does MGE Energy, Inc.'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 Distribution 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
MGE Energy, Inc.'s score of 11 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MGE Energy, Inc.'s reported carbon emissions
In 2022, MGE Energy, Inc. reported total carbon emissions of approximately 1,960,131,000 kg CO2e. This figure includes about 1,521,865,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and approximately 438,266,000 kg CO2e from Scope 3 emissions, which encompass indirect emissions from the value chain. Notably, there is no reported data for Scope 2 emissions for this year. Comparatively, in 2021, MGE Energy's total emissions were also around 1,960,131,000 kg CO2e, with Scope 1 emissions at about 1,607,191,100 kg CO2e and Scope 2 emissions at approximately 14,929,000 kg CO2e. The consistency in total emissions over these two years indicates a potential plateau in their carbon output. MGE Energy has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint, nor have they committed to any climate pledges. This lack of defined climate commitments may reflect broader industry challenges in setting and achieving ambitious sustainability goals.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 1,607,191,100 | 0,000,000,000 |
| Scope 2 | 14,929,000 | - |
| Scope 3 | 438,266,000 | 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.
MGE Energy, Inc. is not participating in any 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.
