Corporate Responsibility and Sustainability Report
MGE's Corporate Responsibility and Sustainability Report details our corporate responsibility, environmental leadership and sustainability goals. It also covers our clean energy investments and partnerships with customers and other stakeholders to advance sustainability through energy efficiency, new technologies and other ways.
Net-zero carbon electricity by 2050
MGE is on the path toward deep decarbonization, pursuing globally recognized strategies to achieve an ambitious goal of net-zero carbon by 2050. Our deep decarbonization goal is consistent with the latest climate science. And, consistent with the science, we fully expect to achieve carbon reductions of 65% by 2030.
Both the Intergovernmental Panel on Climate Change (IPCC) and the U.S. Mid-Century Strategy (MCS) for Deep Decarbonization rely on decarbonizing electric generation, using energy efficiently and electrifying other energy uses, including transportation. These are the strategies MGE is pursuing and will continue to pursue to achieve deep decarbonization.
"Our goal reflects our vision and signals our direction, but it does not determine our pace. We're making decisions every day to achieve deep decarbonization as quickly and cost-effectively as we can while working to ensure all customers benefit from the use of new technologies and investments in clean energy," MGE Chairman, President and CEO Jeff Keebler said.
Analysis by the University of Wisconsin-Madison
The University of Wisconsin-Madison evaluated MGE's goal of net-zero carbon electricity by 2050, comparing it to the modeled pathways for the electricity sector in industrialized nations to limit global warming to 1.5 degrees Celsius. The UW's analysis determined, relative to publicly available model results for carbon reductions through 2050, MGE's goal is in line with or more aggressive than these model benchmarks for climate solutions.
The models suggested that by 2050 emissions from electricity generation in industrialized countries should be 87% to 99% lower than the 2005 baseline. MGE's plan for net-zero carbon emissions by 2050 is a 100% reduction from 2005 levels, which reflects carbon reductions consistent with limiting global warming to 1.5 degrees Celsius to prevent the most severe impacts of climate change.
In November 2015, MGE introduced our Energy 2030 framework for a more sustainable future. Energy 2030 laid out our foundational objectives for building your community energy company for the future. Since announcing our Energy 2030 framework, we have developed projects that will increase our owned renewable capacity by roughly 650%.
The 2020 Corporate Responsibility and Sustainability Report features information about MGE's corporate strategy and climate-related matters, safety and operations, customer and employee engagement, governance and oversight. Highlights include:
- MGE’s response to the COVID-19 pandemic, including fulfilling its commitment to customers while providing safe and reliable service and contributing to local relief efforts.
- Recent development of clean energy projects equating to a roughly 650% increase in owned renewable capacity when all projects come online, including 100 megawatts (MW) from the Badger Hollow Solar Farm and 50 MW from Two Creeks Solar, and a number of solar projects in the Madison, Wisconsin, area.
- MGE’s residential and commercial customer programs to help customers use energy more efficiently and power their homes with clean energy.
- MGE's commitment to diversity, equity and inclusion in the workplace and its efforts to advance diversity in the energy industry by partnering with local organizations on career-oriented programming for area youth.
- Partnerships to electrify transportation, working with customers, stakeholders, municipalities and others to grow the use of electric vehicles (EVs) and to facilitate charging options throughout the community.
- MGE's record of top-ranked electric reliability and its employee-led safety initiatives, resulting in record-setting safety achievements.
- The company's efforts to help improve the quality of life for those it serves by giving back to the community through the MGE Foundation, corporate giving and employee volunteerism.
MGE is participating in the Edison Electric Institute's (EEI) environmental, social, governance and sustainability-related reporting templates. The voluntary, industry-specific templates provide current data and information on MGE operations and other matters.
- Quantitative template: includes data related to MGE’s energy portfolio (generation and capacity), emissions, capital expenditures, and human and natural resources.
- Qualitative template: includes information related to our company’s management and oversight of and strategies for transitioning toward deep decarbonization and greater sustainability.