WEC Energy Group's 2023 Corporate Responsibility Report Highlights Innovation and Sustainability
Key Ideas
- WEC Energy Group is making significant progress in reducing carbon and methane emissions, aiming for a carbon-neutral electric generation fleet by 2050.
- The company is investing in renewable energy capacity to quadruple its carbon-free generation and is committed to eliminating coal by 2032.
- WEC Energy Group's focus on sustainability is evident in its investments in emerging technologies like renewable natural gas, hydrogen power, and long-duration battery storage.
- The company's recognition through awards and honors, along with its community involvement and talent pipeline programs, showcase its commitment to innovation and social responsibility.
WEC Energy Group, based in Milwaukee, released its 2023 Corporate Responsibility Report highlighting its environmental, social, and governance (ESG) performance. The report emphasizes the company's progress in reducing carbon and methane emissions, with targets to achieve carbon neutrality by 2050 and eliminate coal by 2032. WEC Energy Group's investments in sustainable technology, including renewable natural gas and hydrogen power, are integral to meeting these goals. The company's $23.7 billion capital plan focuses on efficiency, sustainability, and growth, with a significant portion allocated to expanding renewable energy capacity. The report also mentions the company's initiatives in supporting military veterans, diverse suppliers, and community well-being. Awards like the EPRI Technology Transfer Award and the company's focus on talent pipeline programs further demonstrate its commitment to innovation and sustainability. WEC Energy Group's efforts align with a broader vision of delivering affordable, reliable, and clean energy across the Midwest.