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Xcel Energy

Xcel Energy is a publicly listed company headquartered in Minneapolis, United States of America. In 2020, its revenue was USD 11.5 billion and installed capacity was 20 Gigawatts (GW). Xcel continues to adapt its plans to the changing economic and climate landscape and has delivered significant emissions reductions in recent years.

Ranking position
#10/50
Total score
64.0/100
Performance score
9.9/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

#1 3.5 / 4 #4

Material Investment

#1 1.7 / 7 #27

Intangible Investment

#1 0.0 / 2 #20

Management

#1 3.1 / 4 #9

Policy Engagement

#1 0.3 / 1 #33

Business Model

#1 1.3 / 2 #21

Leading practices

Risks and opportunities

Trend

Xcel receives a trend score of +. If the company were reassessed in the near future, its score would likely improve. If Xcel’s approved and planned coal plant closures happen as planned, its capacity will decrease from 6.5 GW in 2020 to 2.1 GW in 2028. These closures combined with growth in its renewables capacity will continue to reduce both emissions intensity and absolute emissions. The responsiveness of the company to stakeholder feedback provides evidence that Xcel will continue to improve its targets, transition planning and climate governance.

Progress towards the Paris Agreement

Just Transition Assessment

InĀ this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
Minneapolis, Minnesota, United States of America
Group revenue (2020)
USD 11.5 billion
Ownership
Publicly listed
Installed capacity (2020)
20.1 GW
Website
https://www.xcelenergy.com

This company is part of the SDG2000, the 2.000 most influential companies

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