MGE Publishes Annual Corporate Responsibility and Sustainability Report
Madison Gas and Electric (MGE) has published its annual Corporate Responsibility and Sustainability Report
, detailing its sustainable energy goals and findings from the University of Wisconsin's analysis of the company's goal of net-zero carbon electricity by 2050. The report covers the company's response to the COVID-19 pandemic, its clean energy investments and its partnerships with customers and other stakeholders to advance sustainability and to serve the community.
"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 by 2050. If we can go further faster through the use of new technologies and partnerships with our customers and communities, we will.”
The 2020 Corporate Responsibility and Sustainability Report
features information about MGE's corporate strategy and climate-related matters, safety and operations, customer and employee engagement, governance and oversight. Highlights include:
- Analysis of the company's net-zero carbon goal by the University of Wisconsin-Madison's Nelson Institute for Environmental Studies. The study determined MGE's goal is in line with or more aggressive than model benchmarks for climate solutions.
- MGE’s globally recognized strategies for deep decarbonization and recent clean energy projects. Consistent with the latest climate science, MGE expects to achieve carbon reductions of 65% by 2030 and net-zero carbon by 2050.
- MGE’s residential and commercial customer programs to help customers use energy more efficiently, power their households and businesses with clean energy, and charge their electric vehicles at home, at work and on the go.
MGE's report is consistent with the recommendations of the Task Force on Climate-related Financial Disclosures. MGE also continues to participate in the Edison Electric Institute's (EEI) environmental, social, governance (ESG) and sustainability reporting templates
. EEI, which represents all U.S. investor-owned electric companies, developed the voluntary, industry-specific templates to provide more uniform and consistent reporting of data and information from the electric sector.