Overall impact
C (42)

Commentary

WEC Energy is an average overall performer. With a 'C' rating of 42.1 for overall impact (26th percentile compared to all companies), WEC Energy ranks 47th out of 95 industry peers, behind Energy Co of Parana, Envela, Meridian Energy and 43 others, and ahead of Electric Reliability Council of Texas, Tokyo Electric Power, Electricity Generating Public Company and 45 others. On top material causes for WEC Energy's industry (Utilities), WEC Energy performs well in Renewable Energy Growth (87.1 score), Clean Water Access (81.8), Renewable Energy Growth (96.5) and 1 other cause where it received an 'A' score and performs poorly in Racial Justice and Civil Rights (32.7 score), Healthy Oceans (31.5), Lgbtq Equality (0.0) and 9 other causes where it received a 'D' or 'F' score.
Impact
Cause WEC
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Company
Founded
1896
Employees
7,000
Sector
Utilities
Industry
Multi-Utilities
Sub-industry
Multi-Utilities
SASB industry
Electric Utilities & Power Generators
Headquarters
Wi, United States
Share classes
WEC
Mission
Customers are the heart of our business, and we work every day to help grow and support communities where we provide vital energy services.
Description
WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and renewable and nonregulated renewable energy services in the United States. It operates through Wisconsin, Illinois, Other States, Electric Transmission, and Non-Utility Energy Infrastructure segments. The company generates and distributes electricity from coal, natural gas, oil, and nuclear, as well as renewable energy resources, including wind, solar, hydroelectric, and biomass; and distributes and transports natural gas. It also owns, maintains, monitors, and operates electric transmission systems; and generates, distributes, and sells steam. As of December 31, 2023, the company operated approximately 35,500 miles of overhead distribution lines and 36,500 miles of underground distribution cables, as well as 430 electric distribution substations and 523,700 line transformers; approximately 46,400 miles of natural gas distribution mains; 1,700 miles of natural gas transmission mains; 2.4 million natural gas lateral services; 490 natural gas distribution and transmission gate stations; and 69.3 billion cubic feet of working gas capacities in underground natural gas storage fields. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1896 and is headquartered in Milwaukee, Wisconsin.
Material causes
Ethos considers the following causes material for WEC Energy, based on its industry sub-industry Multi-Utilities. Learn more about material causes in our methodology overview.

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