In 2025, Xcel 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).
Xcel Energy has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 29,310,000a | 32,660,000b | 36,180,000c | |
Total Scope 2 | ||||
Market-Based | N/A | N/A | N/A | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | 380,000a | 760,000b | 310,000c | |
Total Scope 3 | 23,230,000a | 22,100,000b | 23,320,000c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,998.0912a | 2,429.8787b | 2,546.8112c |
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In 2025, the total operational greenhouse gas (GHG) emissions of Xcel Energy amounted to 29,690,000 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 2024, the total operational greenhouse gas (GHG) emissions of Xcel Energy decreased by 11.16%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2025, the total Scope 1 emissions of Xcel Energy were 29,310,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Xcel Energy's Scope 1 emissions have decreased by 24.59%, reflecting a declining long-term trend in Scope 1 emissions over time.ad
Compared to the previous year (2024), Xcel Energy's Scope 1 emissions decreased by 10.26%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2025, Xcel Energy reported Scope 2 greenhouse gas (GHG) emissions of 380,000 tCO₂e without specifying the calculation method.a
Compared to the previous year (2024), Xcel Energy's Scope 2 emissions (Unspecified Calculation Method) fell by 50% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2025, Xcel Energy reported its Scope 2 emissions using an unspecified methodology.a
In 2025, Xcel Energy reported 23,230,000 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 2025 disclosure of Xcel Energy includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Xcel Energy reported total Scope 3 emissions of 23,230,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 38.32% of these emissions originated from upstream activities such as purchased goods and capital goods, while 61.68% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Xcel Energy's Scope 3 emissions have increased by 259.46%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2024), Xcel Energy's Scope 3 emissions remained relatively stable, indicating that Xcel Energy's emissions have plateaued with no significant change in its value chain footprint.ab
In 2025, Xcel Energy reported emissions for 4 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.
In 2025, the largest contributors to Xcel Energy's Scope 3 emissions were:a
In 2025, Xcel Energy reported Scope 1 greenhouse gas (GHG) emissions of 29,310,000 tCO₂e and total revenues of USD 14,669 millions. This translates into an emissions intensity of 1,998.09 tCO₂e per millions USD.a
In 2025, Xcel Energy reported a Scope 1 emissions intensity of 1,998.09 tCO₂e per millions USD. Compared to the peer group median of 2,141.58, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Xcel Energy ranked 13 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Xcel Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2025, Xcel Energy reported a total carbon footprint of 52,920,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.68% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Xcel Energy's total carbon footprint was Scope 1 emissions, accounting for 55.39% of the company's total carbon footprint, followed by Scope 3 emissions at 43.9%.a