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 2024 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. Read the report.
Targeting Net-Zero Carbon Electricity
MGE is working to achieve deep decarbonization as quickly, responsibly and as cost-effectively as we can. As MGE decarbonizes the electric grid—transitioning our energy supply mix to greater use of renewables—energy efficiency and electrification by our customers become more powerful in reducing carbon emissions.
In May 2019, MGE announced a goal of net-zero carbon electricity by 2050. This target is based on climate science and is consistent with the work of the Intergovernmental Panel on Climate Change (IPCC) and its assessment of limiting global temperature increases to 1.5 degrees Celsius.
"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 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
Our ESG Data Center has data, reports, including our Task Force on Climate-Related Financial Disclosures Report, 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-AGA ESG/sustainability reporting templates
MGE also continues to participate in the Edison Electric Institute's (EEI) and American Gas Association’s (AGA) environmental, social, governance (ESG)/sustainability-related reporting templates. EEI members represent U.S. investor-owned electric companies. AGA members represent U.S. natural gas utility 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.
Our EEO-1 Report
As part of our commitment to transparency and disclosure, we provide MGE’s EEO-1 data, which serves as a snapshot in time of the organization’s workforce demographic data provided annually to the U.S. Equal Employment Opportunity Commission.