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WEC Energy Group Inc
WEC Energy Group's GHG Emissions Data Preview
In 2024, WEC Energy Group 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).
WEC Energy Group has also provided a category-level breakdown for 6 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 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.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
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Verified Sources Behind WEC Energy Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into WEC Energy Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofWEC Energy Group amounted to19,242,000metric 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 WEC Energy Groupdecreased by 2.17%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
WEC Energy Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are WEC Energy Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of WEC Energy Group were 19,060,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has WEC Energy Group reduced its Scope 1 emissions over time?
Since 2018, WEC Energy Group's Scope 1 emissions have decreased by 29.48%, reflecting a declining long-term trend in Scope 1 emissions over time.ad
Compared to the previous year(2023), WEC Energy Group's Scope 1 emissions decreased by 2%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are WEC Energy Group's Scope 2 emissions?
In 2024, WEC Energy Group reported Scope 2 greenhouse gas (GHG) emissions of 163,000 tCOâ‚‚e using the market-based method and 182,000 tCOâ‚‚e using the location-based method.a
Has WEC Energy Group reduced its Scope 2 emissions over time?
Since 2018, WEC Energy Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 142.67%, reflecting a rising long-term trend in Scope 2 emissions over time.ad
Compared to the previous year(2023), WEC Energy Group's Scope 2 emissions(Location-Based) fell by 17.27% 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 WEC Energy Group use for Scope 2 reporting?
In 2024, WEC Energy Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
WEC Energy Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into WEC Energy Group's Value Chain Emissions
In 2024, WEC Energy Group reported 24,228,000 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 2024 disclosure of WEC Energy Group includes a breakdown across 5of 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
WEC Energy Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are WEC Energy Group's Scope 3 emissions?
In 2024, WEC Energy Group reported total Scope 3 emissions of 24,228,000 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
Has WEC Energy Group reduced its Scope 3 emissions over time?
Since 2018, WEC Energy Group's Scope 3 emissionshave decreased by 24.49%, reflecting a declining long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), WEC Energy Group's Scope 3 emissions remained relatively stable, indicating that WEC Energy Group's emissions have plateaued with no significant change in its value chain footprint.ab
What categories of Scope 3 emissions does WEC Energy Group disclose?
In 2024, WEC Energy Group reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of WEC Energy Group's Scope 3 emissions?
In 2024, the largest contributors to WEC Energy Group's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 17,431,000 tCOâ‚‚e(71.95%)
- Fuel- and Energy-Related Services (Cat. 3): 5,549,000 tCOâ‚‚e(22.9%)
- Upstream Transportation and Distribution (Cat. 4): 545,000 tCOâ‚‚e(2.25%)
WEC Energy Group's Scope 3 Emissions by Categories
Insights into WEC Energy Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, WEC Energy Group reported Scope 1 greenhouse gas (GHG) emissions of 19,060,000 tCOâ‚‚e and total revenues of USD 8,600 millions. This translates into an emissions intensity of 2,216.3 tCOâ‚‚e per millions USD.a
WEC Energy Group's Scope 1 Emissions Intensity Compared to Peers
How does WEC Energy Group's GHG emissions intensity compare to its peers?
In 2024, WEC Energy Group reported a Scope 1 emissions intensity of 2,216.3 tCOâ‚‚e per millions USD. Compared to the peer group median of 2,141.58, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does WEC Energy Group rank on GHG emissions intensity within its industry?
In 2024, WEC Energy Group ranked 15 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
WEC Energy Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into WEC Energy Group's Total Carbon Footprint
In 2024, WEC Energy Group reported a total carbon footprint of 43,470,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.27% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to WEC Energy Group's total carbon footprint was Scope 3 emissions, accounting for 55.73% of the company's total carbon footprint, followed by Scope 1 emissions at 43.85%.a