Xcel Energy Inc 2024 SR
The report outlines Xcel Energy's progress toward its goal of becoming a net-zero energy provider by 2050, highlighting a 57% reduction in carbon emissions since 2005. In 2024, the company achieved a 52% carbon-free energy mix and invested $7.6 billion in system upgrades. Key initiatives include the Sherco Solar project, the conversion of coal units to natural gas, and the installation of 3.2 million smart meters. The company also focused on community impact, providing $175 million in energy assistance and spending $5.2 billion with local or small suppliers.
Company: Xcel Energy Inc
Sector: Utilities
Country: United States
Year: 2024
Type: SR
Pages: 121
Xcel Energy Inc
Sustainability Report
The report outlines Xcel Energy's progress toward its goal of becoming a net-zero energy provider by 2050, highlighting a 57% reduction in carbon emissions since 2005. In 2024, the company achieved a 52% carbon-free energy mix and invested $7.6 billion in system upgrades. Key initiatives include the Sherco Solar project, the conversion of coal units to natural gas, and the installation of 3.2 million smart meters. The company also focused on community impact, providing $175 million in energy assistance and spending $5.2 billion with local or small suppliers.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Jun 1, 2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees