Corporate Responsibility and Sustainability Report
Madison Gas and Electric (MGE) publishes an annual Corporate Responsibility and Sustainability Report. MGE is committed to helping customers, investors and other stakeholders better understand our strategies, risks, challenges and opportunities as we transition to a more sustainable future.
The 2022 report features information about MGE's corporate strategy and climate-related matters; safety and operations; customer and employee engagement; risk management; and governance and oversight. Highlights include:
- MGE’s plans and strategies to reduce carbon at least 80% by 2030 as it works with customers toward achieving net-zero carbon electricity by 2050.
- MGE’s plans to eliminate coal-fired generation from its portfolio by the end of 2035. By the end of 2030, MGE expects coal to be used only as a backup fuel at the Elm Road Generating Station, which plans to transition to natural gas. MGE is a minority owner of the Elm Road power plant.
- An estimated $700 million in clean energy projects announced since 2015. These projects are expected to increase MGE’s owned renewable capacity by more than nine times when completed.
- The company’s Statement on Human Rights adopted in 2022 by the Board of Directors.
- Industry leadership. MGE continues to be top-ranked for electric reliability, placing first in the two main industry reliability metrics, according to results from an annual industry survey. MGE crews also continue to earn high marks when notified of a potential natural gas emergency with MGE’s total response time ranking in the top 11% of a nationwide industry survey, based on 2021 data.
- MGE’s Occupational Health and Safety Policy. Introduced in 2022, the policy recognizes the risks inherent to occupational health and safety and embraces safe work practices and environments as fundamental values at MGE.
- The company’s charitable giving benefiting local communities. In the last five years, the company’s philanthropic arm, the MGE Foundation, has given more than $7.3 million to more than 400 nonprofit organizations.
Targeting Net-Zero Carbon Electricity
MGE is working to achieve deep decarbonization, consistent with current climate science, as quickly and as cost-effectively as we can. Our carbon reduction goals reflect our vision and signal our direction but do not determine our pace. We’ve said since introducing our clean energy and carbon reduction goals—if we can go further faster, we will.
In May 2019, MGE announced a goal of net-zero carbon electricity by 2050, which aligns with the Intergovernmental Panel on Climate Change (IPCC) and its assessment of limiting global temperature increases to 1.5 degrees Celsius. Consistent with climate science, we also have a goal to reduce carbon emissions at least 80% by 2030, based on 2005 levels.
"MGE is committed to corporate responsibility, to environmental leadership and to a more sustainable energy future for the benefit of our customers, investors and the broader community," said Chairman, President and CEO Jeff Keebler. "By working with customers to decarbonize our energy supply, advance energy efficiency and electrify transportation, we can meet our goal of net-zero carbon electricity by 2050. If we can go further faster through the use of new technologies and partnerships with our customers and communities, we will.”
MGE's commitment aligns with the goals of the U.S. Mid-Century Strategy (MCS) for Deep Decarbonization. The MCS is the U.S. strategy for meeting the goals of the Paris Agreement. Both the Intergovernmental Panel on Climate Change (IPCC) and the MCS rely on:
- Decarbonizing electric generation
- Using energy efficiently
- Electrifying other energy uses, including transportation.
These are the strategies MGE is pursuing and will continue to pursue to achieve deep decarbonization.
ESG Data Center
Our commitment to transparency and disclosure
MGE is committed to helping investors, customers and other stakeholders better understand the company's goals, long-term strategies and progress toward achieving our goals. Our ESG Data Center has data, reports and other environmental, social and governance (ESG) related information.
CDP (Carbon Disclosure Project)
MGE submits data to the global environmental impact disclosure platform, CDP. MGE’s climate change questionnaire is available here
EEI ESG/sustainability reporting templates
MGE also continues to participate in the Edison Electric Institute's (EEI) environmental, social, governance and sustainability-related reporting templates. EEI members represent U.S. investor-owned electric companies.
The quantitative template
includes data related to MGE's energy portfolio (generation and capacity), emissions, capital expenditures, and human and natural resources. The qualitative template
includes information related to our company's management and oversight of and strategies for transitioning toward deep decarbonization and greater sustainability. These templates are voluntary and industry-specific.