MILWAUKEE, Aug. 1, 2018 /PRNewswire/ -- WEC Energy Group today released its 2017 Corporate Responsibility Report, a comprehensive overview of the company's environmental, social and governance (ESG) performance. The report details progress made by WEC Energy Group and its subsidiary companies on major projects and sustainability goals.
"History tells us that companies that have stood the test of time – organizations that deliver enduring value – are built on a foundation of responsible business practices," said Gale Klappa, chairman and CEO of WEC Energy Group. "We've established a track record of progress by seeking to understand the impacts of our decisions and the needs of our key stakeholders."
The corporate responsibility report features information on WEC Energy Group's generation reshaping plan, key components of which were announced within the past year. The company is taking action to modernize its power generation fleet in ways that maintain fuel diversity, reduce customer costs and achieve long-term carbon dioxide reduction. These changes include the retirement of older coal-fueled units and investments in renewable and low-carbon generation.
In fall 2016, WEC Energy Group set a goal of reducing carbon dioxide emissions by approximately 40 percent below 2005 levels by 2030. Today, the company is adopting a new long-term target: an 80 percent reduction below 2005 levels by 2050.
The 2017 Corporate Responsibility Report and further information on WEC Energy Group's ESG efforts are published online at www.wecenergygroup.com/csr.
WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota.
The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. The company's other major subsidiary, We Power, designs, builds and owns electric generating plants.
WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 50,000 stockholders of record, 8,000 employees, and more than $31 billion of assets.
SOURCE WEC Energy Group