MASHINIi

MGE Energy Inc..

MGEE.US | Electric power generation, transmission and distribution

MGE Energy Inc. is a public utility holding company. The company generates and distributes electricity, and distributes natural gas. It operates through its primary subsidiary, Madison Gas and Electric (MGE). MGE provides electric service to approximately 160,000 customers and gas service to roughly...Show More

Ethical Profile

Mixed.

MGE Energy Inc. (MGEE.US) has a mixed ethical profile. MGE Energy aims for an 80% carbon reduction by 2030 (from 2005) and net-zero electricity by 2050, reporting a 40% reduction. Over $1 billion is committed to clean energy, targeting 500+ MW renewables and 95+ MW battery storage by 2028. Its foundation donated over $8.7 million to 400+ organizations in five years. Critics note MGE's continued fossil fuel reliance; its Elm Road plant allegedly contributed 19% of electric load, with coal operations slated for transition by 2032. Crucially, data on fair pay, ethical sourcing, and honest business is largely unavailable.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities40
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

No evidence available to assess MGE Energy Inc. on Better Health for All.

Fair Money & Economic Opportunity

0

No evidence available to assess MGE Energy Inc. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No relevant data was found in the provided articles to assess MGE Energy Inc. against the 'Fair Pay & Worker Respect' ethical value. All articles indicated that content was unavailable, inaccessible, or throttled, preventing the extraction of any specific facts or figures related to the defined KPIs.

1

Fair Trade & Ethical Sourcing

0

No specific, quantitative evidence was found in the provided articles for any of the Key Performance Indicators related to Fair Trade & Ethical Sourcing, including fair trade certification share, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, materials risk index, or supplier diversity spend.

1

Honest & Fair Business

0

No evidence available to assess MGE Energy Inc. on Honest & Fair Business.

Kind to Animals

0

MGE Energy is a utility company that generates and distributes electricity and natural gas. Its core business model does not involve animal-derived products, animal testing, or animal husbandry operations under its direct control, leading to a score of N/A (0) for most KPIs. While the company supports peregrine falcon recovery with a nest box that has produced 35 offspring over 8 years and incorporates pollinator-friendly habitat, including approximately 140 acres at its Tyto Solar facility, there is no evidence of the percentage of revenue allocated to these initiatives, which is required for positive scoring tiers.

1
The company also uses sheep grazing for vegetation management at its Tyto Solar project, with a flock of around 70 sheep, and the supplier, Wiscovery Farm, is a certified organic farm.
2
However, this is a supplier's certification, not MGE's own animal agriculture operation.

No War, No Weapons

0

Based on the provided articles, there is insufficient evidence to assess MGE Energy's alignment with the "No War, No Weapons" value. The articles primarily focus on MGE Energy's financial performance, sustainability initiatives, and community engagement, with no mention of involvement in arms manufacturing, military contracts, or conflict facilitation

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. Therefore, a neutral score of 0 is assigned due to the lack of relevant information.

Planet-Friendly Business

-60

MGE Energy has a net-zero carbon electricity target for 2050 and aims for an 80% reduction in carbon emissions from 2005 levels by 2030.

1
The company has already reduced carbon emissions by approximately 40% from 2005 levels by 2023/2024.
2
MGE plans to suspend coal operations at Columbia Energy Center by the end of 2029 and transition the Elm Road Generating Station from coal to natural gas by the end of 2030, with complete elimination of coal ownership by the end of 2032.
3
The company also targets net-zero methane emissions from its natural gas business by 2035.
4
MGE engages in biodiversity efforts, including the use of native plants and sheep grazing at solar facilities.
5
The company has not reported any environmental compliance violations.
6

Respect for Cultures & Communities

40

The company has established over 200 formal partnerships with local organizations and community stakeholders.

1
There are no reported cultural appropriation incidents.
2
The company demonstrates language inclusivity by offering a new Spanish-language energy education tool and providing coloring books that celebrate Hmong and Asian American/Pacific Islander heritage.
3

Safe & Smart Tech

0

No relevant data was found in the provided articles to assess MGEE.US against any of the 'Safe & Smart Tech' KPIs.

1
All article links resulted in 404 errors, indicating the pages do not exist and no information could be extracted.
2

Zero Waste & Sustainable Products

-30

MGE's annual recycling rate was 89% in 2022 and 86% in 2016.

1
The company has implemented several waste reduction initiatives, including centralized waste bins, water bottle filling stations that reduced plastic bottle use by over 686,000, a new strategy to reduce electronics waste by purchasing rather than leasing equipment, a partnership for electronics recycling, and a pilot project to replace aerosol cans with a pouched-bag system.
2
MGE manages hazardous waste by recycling mercury-containing devices, chemicals, and alkaline batteries.
3
An independent audit of MGE's main office recycling program was conducted in 2016.
4
The company reports compliance with all environmental laws, regulations, and permit requirements, with no waste disposal violations mentioned in the provided articles.
5

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.