MGE Energy Inc
MGE Energy's GHG Emissions Data Preview
In 2024, MGE Energy completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
MGE Energy has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature.  | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Location-Based | Copy/Paste is a PRO feature. a | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  b | Copy/Paste is a PRO feature. | 0000000 |
b
bVerified Sources Behind MGE Energy’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore MGE Energy’s data sources below and access millions more through our Disclosure Search.
Insights into MGE Energy's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of MGE Energy amounted to 1,727,103 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of MGE Energy increased by 5.06%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
MGE Energy's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are MGE Energy's Scope 1 emissions?
In 2024, the total Scope 1 emissions of MGE Energy were 1,723,138 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), MGE Energy's Scope 1 emissions increased by 5.25%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are MGE Energy's Scope 2 emissions?
In 2024, MGE Energy reported Scope 2 greenhouse gas (GHG) emissions of 3,965 tCO₂e using the market-based method and 3,965 tCO₂e using the location-based method.a
Has MGE Energy reduced its Scope 2 emissions over time?
Compared to the previous year (2023), MGE Energy's Scope 2 emissions (Location-Based) fell by 40.73% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
What methodology does MGE Energy use for Scope 2 reporting?
In 2024, MGE Energy reported its Scope 2 emissions using the market-based method and using the location-based method.a
MGE Energy's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into MGE Energy's Value Chain Emissions
In 2024, MGE Energy reported 1,695,497 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of MGE Energy includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
MGE Energy's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are MGE Energy's Scope 3 emissions?
In 2024, MGE Energy reported total Scope 3 emissions of 1,695,497 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 20.7% of these emissions originated from upstream activities such as purchased goods and capital goods, while 79.3% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), MGE Energy's Scope 3 emissions remained relatively stable, indicating that MGE Energy's emissions have plateaued with no significant change in its value chain footprint.ab
What categories of Scope 3 emissions does MGE Energy disclose?
In 2024, MGE Energy reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of MGE Energy's Scope 3 emissions?
In 2024, the largest contributors to MGE Energy's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 1,344,506 tCO₂e (79.3%)
- Fuel- and Energy-Related Services (Cat. 3): 350,991 tCO₂e (20.7%)
MGE Energy's Scope 3 Emissions by Categories
Insights into MGE Energy’s GHG Emissions Intensity Compared to Industry Peers
In 2024, MGE Energy reported Scope 1 greenhouse gas (GHG) emissions of 1,723,138 tCO₂e and total revenues of USD 677 millions. This translates into an emissions intensity of 2,545.47 tCO₂e per millions USD.a
MGE Energy's Scope 1 Emissions Intensity Compared to Peers
How does MGE Energy's GHG emissions intensity compare to its peers?
In 2024, MGE Energy reported a Scope 1 emissions intensity of 2,545.47 tCO₂e per millions USD. Compared to the peer group median of 1,848.85, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does MGE Energy rank on GHG emissions intensity within its industry?
In 2024, MGE Energy ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places MGE Energy among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into MGE Energy's Total Carbon Footprint
In 2024, MGE Energy reported a total carbon footprint of 3,422,600 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.21% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to MGE Energy's total carbon footprint was Scope 1 emissions, accounting for 50.35% of the company's total carbon footprint, followed by Scope 3 emissions at 49.54%.a