WEC Energy Group supports industry initiative to enhance environmental, social and governance reporting

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Aug 28, 2018, 13:58 ET

MILWAUKEE, Aug. 28, 2018 /PRNewswire/ -- To promote consistency in sustainability reporting across the electric utility sector, WEC Energy Group (NYSE: WEC) is participating in the Edison Electric Institute's (EEI's) Version 1 release of a reporting template for environmental, social and governance (ESG) information. The company previously supported the template's pilot release in 2017.

"We've adopted this template as part of our ongoing commitment to demonstrate accountability and transparency," said Gale Klappa, chairman and chief executive officer of WEC Energy Group. "This template will make it easier for stakeholders to track our progress as we reshape our generation fleet and modernize our infrastructure."

In 2016, WEC Energy Group joined an EEI working group to collaborate with other energy companies and institutional investors on the creation of the template. The working group helped EEI develop a framework for providing the qualitative and quantitative ESG information relevant to investors and other stakeholders.

The template enables companies to report on their ESG governance, energy portfolios, emissions, and human and natural resources.

WEC Energy Group has published its 2017 data on the Corporate Responsibility section of its website. Detailed ESG information also can be found in the company's 2017 Corporate Responsibility Report.

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