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Xcel Energy

Xcel Energy is a publicly listed company headquartered in the United States of America. In 2022 its revenue was USD 15.31 billion. Xcel generates electricity mainly from coal, gas, nuclear and wind. Xcel serves customers across North America. Xcel continues to adapt its business models to the changing economic and climate landscape and has delivered significant emissions reductions for its own generation in recent years' business models focus on expanding its generation from renewable sources, electric vehicle (EV) programs and share-based community solar programs.
Ranking position
#23 /68
Total score
32.0 /100

15.4 /60
Core social indicators
6.0 /20
Just transition
10.6 /20

ACT score components

Performance score
5.8 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank


#1 22.1 /100 #33

Material investment

#1 27.3 /100 #22

Intangible investment

#1 0.0 /100 #26

Sold products

#1 19.0 /100 #24


#1 60.3 /100 #14

Supplier engagement

#1 21.3 /100 #27

Client engagement

#1 42.5 /100 #13

Policy engagement

#1 21.0 /100 #48

Business model

#1 38.3 /100 #25
Indicates the score for the top performing company.

Act Assessment

Leading Practices

No leading practices were identified for this company.

Risks and Opportunities


Xcel Energy receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Xcel is expected to reduce its emissions intensity for its own energy generation by approximately 15% between 2022 and 2027 due to a reduction in coal and increase in wind. However, it must reduce its emissions intensity by approximately 37% to align with its 1.5°C pathway in 2027. Due to its continued use of coal and gas, coupled with its delayed coal phase-out date, Xcel is projected to moderately exceed its 1.5°C carbon budget for the period 2022-2037. Xcel plans to increase the share of low-carbon sources in its energy generation mix, but unless it reconsiders its intention to rely on fossil fuels, it will not align with its 1.5°C pathway.

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core Social Assessment

See results for

  1. 2020
  2. 2021

More about the company

Minneapolis, MN, United States of America
Group revenue
US$ 15,310 million (FY2022)
Group employees
11,982 (FY2022)
Publicly listed
Installed capacity
20.5 GW
Company filing name
Xcel Energy Inc

This company is part of the SDG2000, the 2,000 most influential companies

See company profile