WEC Energy Releases 2023 Sustainability Report

WEC Energy Group, one of the nation's premier energy companies, released its 2023 Corporate Responsibility Report, detailing the Company's ongoing commitments to sustainability, environmental stewardship, and social responsibility. The report outlines WEC Energy's progress toward reducing carbon emissions through cleaner energy sources and creating a diverse and inclusive workplace. As one of the larger suppliers of energy in the country, WEC Energy assumes a very critical role in mitigating climate change. The 2023 report showcases the company's ongoing commitment to reducing its carbon footprint and energy efficiency within all its operations. Consider WEC Energy's enormous contribution to greenhouse gas reductions through the planned transition from coal to cleaner sources of energy, such as wind, solar, and natural gas. The company was on track to achieve its target for a 60% reduction in carbon emissions by 2025 over the 2005 base and net emissions of zero by 2050. It also highlights WEC Energy's investments in renewable energy infrastructure. Over the past year, the company has been growing its portfolio of projects related to wind and solar facilities, which would significantly increase the share of renewable energy in the general mix of energy supply. All these projects are part of WEC Energy's more general strategy aimed at modernizing the energy grid, making it more resilient and more reliable, and capable of handling a greater share of renewable energy. WEC Energy's 2023 Corporate Responsibility Report outlines the company's commitment in the area of social responsibility and corporate governance, besides environmental responsibility. It has granted a number of programs toward workforce DEI through mechanisms such as targeted recruitment, employee training programs, and community engagement activities oriented toward fostering diversity within its company and service areas. The company has also focused on building closer customer and community relationships. As specified in the report, there are several community relations plans and pertinent partnerships that aim at facilitating economic developments, educational programs, and environmental conservation within the company's operating regions. These will be in addition to further underlining WEC Energy's commitment to being a responsible corporate citizen that benefits the communities it serves. The report places key focus on the corporate governance practices of the Company. WEC Energy has strengthened its governance framework in terms of demanding greater transparency and accountability and ensuring a closer alignment with industry best practices. This includes enhancing board oversight of ESG issues, increasing the integration of ESG considerations into the company's long-term strategic planning process, and ensuring increased transparency and accountability. Looking ahead, WEC Energy has outlined plans for maintaining sustainability, innovation, and engagement with stakeholders. The 2023 Corporate Responsibility Report outlines the company's priorities for the next years, showing a deeper reduction of emissions, higher share of renewable energy, and acceleration of a low-carbon economy. WEC Energy is dedicated to sustaining this strong financial performance and delivering this value to shareholders, customers, and communities while also delivering value in these respective areas. WEC Energy Group has issued a 2023 Corporate Responsibility Report that offers an overview of the company's commitment to sustainability and social responsibility. With initiatives in reducing emissions, investing in renewable energy, and ensuring diversity and inclusion, WEC Energy is well positioned to lead in the emerging future of clean energy. Source: WEC Energy Group Credits: WEC Energy Group