Environmental and Sustainability Report

Madison Gas and Electric (MGE) publishes an annual Environmental and Sustainability Report [2.9 MB PDF], which provides a comprehensive view of the company's environmental, social, governance and sustainability efforts. Please see this fact sheet [1.8 MB PDF] for highlights from the report.

Emission reductions

MGE has reduced air emissions significantly. Between 2005 and 2018, MGE reduced carbon emissions 23%.

Net-zero carbon electricity by 2050

MGE is targeting net-zero carbon electricity for its customers by 2050.

"Since introducing our carbon reduction targets, we have always said that if we can go further faster by working with our customers, we will. We believe it is important to articulate a long-term goal that is both visionary and based on the best climate science available," MGE Chairman, President and CEO Jeff Keebler said.

MGE already has been on a path to reduce carbon emissions at least 80% by 2050 from 2005 levels. This 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, and electrifying other energy uses, including transportation. These are the strategies MGE is pursuing and will continue to pursue to achieve deep decarbonization.

EEI ESG/Sustainability reporting template

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To advance further transparency and disclosure in company operations and governance, MGE is participating in the Edison Electric Institute's (EEI) environmental, social, governance and sustainability-related reporting template. The voluntary, industry-specific template [124 kB PDF] provides investors current and concise data and information on our portfolio, emissions, capital expenditures and other matters.

"MGE has ambitious carbon reduction goals and is advancing a more sustainable future through renewable generation, the electrification of transportation and increased engagement with our customers around energy efficiency. This reporting template is one more way for us to share relevant information with our investors," said Chairman, President and CEO Jeff Keebler.

EEI members represent U.S. investor-owned electric companies.

MGE Energy is committed to transparency. The company has reviewed the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), performed an analysis of its disclosures relative to the TCFD recommendations and determined that MGEE's disclosures are consistent with the TCFD guidance and recommendations.

Green Master

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MGE voluntarily participates in two statewide benchmarking programs, achieving the highest designations from both programs.

MGE earned the Green Master designation from the Wisconsin Sustainable Business Council for the fifth consecutive year. This voluntary, independent benchmarking program, which evaluates sustainability actions in nine key areas, recognizes the top 20% of participants as Green Masters.

Green Tier

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In 2017, MGE expanded the scope of its renewed five-year contract with the Wisconsin Department of Natural Resources for its Green Tier certification, which recognizes environmental leadership. MGE's primary goal in the expanded contract is to cover all MGE operations under the company's Environmental Management System, or EMS. An EMS is a continuous improvement process that evaluates, prioritizes and manages environmental risks.

MGE was the first electric utility to take part in the Green Tier pilot program and remains the only electric utility, and one of only seven Wisconsin companies, to be certified at the highest level of Green Tier.