MGE Energy Inc

Common Name
MGE Energy
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
717
Ticker
MGEE
Exchange
NASDAQ/NGS
Description
Mge Energy Inc. is a publicly traded energy company primarily involved in the generation, purchase, transmission, and distribution of electricity. It serves Madison, Wisconsin, and the surrounding are...

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into MGE Energy's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of MGE Energy amounted to 1,643,861 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).

MGE Energy's Scope 1 Emissions Over Time

20230450 k900 k1.35 M1.8 MtCO2e
  • 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).

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.

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.

MGE Energy's Scope 2 Emissions Over Time

202302 k4 k6 k8 ktCO2e
  • 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.

The 2023 disclosure of MGE Energy includes a breakdown across 2 of 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 chain

MGE Energy's Scope 3 Emissions Over Time

20230500 k1 M1.5 M2 MtCO2e
  • 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).

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.

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.

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:

  • 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

Fuel- andEnergy-RelatedServices (Cat. 3)(26.5%)Use of Sold Products(Cat. 11)(73.5%)

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.

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%.

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