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MGE Energy Inc
MGE Energy's GHG Emissions Data Preview
In 2023, 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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
a
aVerified Sources Behind MGE Energy’s Greenhouse Gas (GHG) Emissions Data
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Insights into MGE Energy's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofMGE Energy amounted to1,643,861metric 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
MGE Energy's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are MGE Energy's Scope 1 emissions?
In 2023, the total Scope 1 emissions of MGE Energy were 1,637,171 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
What are MGE Energy's Scope 2 emissions?
In 2023, MGE Energy reported Scope 2 greenhouse gas (GHG) emissions of 6,690 tCOâ‚‚e using the market-based method and 6,690 tCOâ‚‚e using the location-based method.a
What methodology does MGE Energy use for Scope 2 reporting?
In 2023, 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 2023, MGE Energy reported 1,856,148 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of MGE Energy includes a breakdown across 2of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in , reflecting improved emissions accounting practices and greater transparency across the company's value chaina
MGE Energy's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are MGE Energy's Scope 3 emissions?
In 2023, MGE Energy reported total Scope 3 emissions of 1,856,148 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 26.46%of these emissions originated from upstream activities such as purchased goods and capital goods, while 73.54%came from downstream activities like product use, distribution, and end-of-life treatment.a
What categories of Scope 3 emissions does MGE Energy disclose?
In 2023, 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 2023, the largest contributors to MGE Energy's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 1,364,922 tCOâ‚‚e(73.54%)
- Fuel- and Energy-Related Services (Cat. 3): 491,226 tCOâ‚‚e(26.46%)
MGE Energy's Scope 3 Emissions by Categories
Insights into MGE Energy’s GHG Emissions Intensity Compared to Industry Peers
In 2023, MGE Energy reported Scope 1 greenhouse gas (GHG) emissions of 1,637,171 tCOâ‚‚e and total revenues of USD 690 millions. This translates into an emissions intensity of 2,371.23 tCOâ‚‚e 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 2023, MGE Energy reported a Scope 1 emissions intensity of 2,371.23 tCOâ‚‚e per millions USD. Compared to the peer group median of 2,153.56, 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 2023, MGE Energy ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
MGE Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into MGE Energy's Total Carbon Footprint
In 2023, MGE Energy reported a total carbon footprint of 3,500,009 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions.a
The largest contributor to MGE Energy's total carbon footprint was Scope 3 emissions, accounting for 53.03% of the company's total carbon footprint, followed by Scope 1 emissions at 46.78%.a