WEC's Climate and Corporate Responsibility Reports Highlight Sustainable Progress
WEC Energy Group, Inc.
WEC Energy Group released two reports recently. The Corporate Responsibility Report discusses the company's environmental, social, and governance (ESG) performance, while the Climate Report describes its climate change governance, strategy, and risk management. The reports show WEC Energy Group's progress on major projects and sustainability goals.
The reports emphasise the company's national leadership in the decarbonisation initiative as well as its dedication to providing affordable, reliable, and clean energy while maintaining a safe, resilient infrastructure.
Gale Klappa, the executive chairman, said:
"As we look to the future of WEC Energy Group, we see sustainability as a key pillar for our success. For more than a century, we have served the Midwest with a strong commitment to our stakeholders. Our focus on sustainable growth and corporate citizenship is at the heart of how we conduct business."
The reports show how WEC Energy Group's investments in sustainable technology, such as zero-carbon energy and renewable natural gas, are assisting the company in meeting its aggressive carbon and methane reduction targets.
The company intends to reduce carbon emissions from electric generation by 60% by the end of 2025 and 80% by the end of 2030, both below 2005 levels. In addition, by 2050, the company aims to have a carbon-neutral electric generation fleet.
WEC Energy Group also aims to have net-zero methane emissions from its natural gas distribution operations by the end of 2030.
The reports highlight the company's $17.7 billion ESG Progress Plan, which invests in sustainability, growth, and efficiency. Renewables receive $5.4 billion in the five-year capital plan, while grid and fleet modernisation and reliability receive $8.4 billion.
WEC Energy Group emphasised its commitment to creating a diverse and inclusive workplace. In 2021, the organisation achieved measurable progress in moving women and racial minorities to positions of leadership, and it revised strategies to ensure that its talent development and engagement efforts align with diversity, equity, and inclusion goals.
Source: WEC Energy Group