June 25, 2022

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MADISON, Wis.–(BUSINESS WIRE)–Dec 17, 2021–

Madison Gas and Electric (MGE) has appear its Anniversary Accumulated Responsibility and Sustainability Address account its ecology charge and beforehand against the company’s ambition of net-zero carbon electricity by 2050. The address covers the company’s charge to diversity, disinterestedness and inclusion; apple-pie activity investments; affairs to end the use of coal; and partnerships to beforehand activity efficiency, sustainability and the electrification of transportation.

“MGE is committed to architecture a added acceptable activity approaching for the account of our customers, investors and the broader community,” said Chairman, President and CEO Jeff Keebler. “By alive with barter to abound our use of apple-pie energy, beforehand activity ability and amaze transportation, we can accommodated our ambition of net-zero carbon by 2050. If we can go added faster through the use of new technologies and partnerships with our barter and communities, we will.”

Report highlights

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The 2021 address appearance advice about MGE’s accumulated action and climate-related matters; assurance and operations; metrics and targets; chump and agent engagement; accident management; and babyminding and oversight. Highlights include:

Commitment to accuracy and disclosure

MGE’s address is constant with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). MGE is committed to allowance customers, investors and added stakeholders bigger accept the company’s abiding strategies, challenges and opportunities as it transitions to a added sustainable, net-zero carbon future.

MGE additionally continues to participate in the Edison Electric Institute’s (EEI) environmental, social, babyminding (ESG) and sustainability advertisement templates. EEI, which represents all U.S. investor-owned electric companies, developed the voluntary, industry-specific templates to accommodate added compatible and constant advertisement of abstracts and advice from the electric sector. The templates accommodate abstracts accompanying to MGE’s portfolio (generation and capacity), emissions, basic expenditures, animal and accustomed resources, and added matters.

About MGE

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MGE generates and distributes electricity to 157,000 barter in Dane County, Wisconsin, and purchases and distributes accustomed gas to 166,000 barter in seven south‐central and western Wisconsin counties. MGE’s ancestor aggregation is MGE Energy, Inc. The company’s roots in the Madison breadth date aback added than 150 years.

View antecedent adaptation on businesswire.com:https://www.businesswire.com/news/home/20211217005633/en/

CONTACT: Kaya Freiman

Corporate Communications Manager

608-252-7276 |[email protected]

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KEYWORD: WISCONSIN UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ENVIRONMENT OTHER ENERGY UTILITIES OIL/GAS COAL ALTERNATIVE ENERGY PHILANTHROPY ENERGY OTHER PHILANTHROPY

SOURCE: Madison Gas and Electric

Copyright Business Wire 2021.

PUB: 12/17/2021 04:13 PM/DISC: 12/17/2021 04:13 PM

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http://www.businesswire.com/news/home/20211217005633/en

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