Alliant Energy Corporation
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:13.6 million metric tons of CO2e (Scope 1)
Scope 1 Emissions:13.6 million metric tons of CO2e
Scope 2 Emissions:806 metric tons of CO2e (location-based) or 786 metric tons of CO2e (market-based)
Renewable Energy Share:27% of total utility rate base at year-end 2023
ESG Focus Areas
- Climate Change
- Environmental Stewardship
- Governance
Environmental Achievements
- Reduced CO2 emissions by 38% from 2005 levels in 2023
- Reduced electric utility water supply by 62% from 2005 levels in 2023
- Retired approximately 1,475 MW of coal generation since 2005
Social Achievements
- Second Nature® program offering customers renewable energy options
- Support for electrification initiatives through educational events and business adoption encouragement
- Participation in Energy Impact Partners (EIP) for investment in low-carbon technologies and community development
Governance Achievements
- Board committees oversee climate-related risks and opportunities
- ESG-related performance targets included in annual incentive compensation plans
- Active participation in climate change policy discussions through national trade associations
Climate Goals & Targets
Long-term Goals:
- Aspire to achieve net-zero greenhouse gas emissions from utility operations by 2050
Medium-term Goals:
- Eliminate all coal from generation fleet by 2040
Short-term Goals:
- Reduce greenhouse gas emissions from utility operations by 50% from 2005 levels by 2030
- Reduce electric utility water supply by 75% from 2005 levels by 2030
- Electrify 100% of company-owned light-duty fleet vehicles by 2030
Environmental Challenges
- Transitioning away from coal-fired generation while maintaining reliability and affordability
- Managing physical risks associated with changing climate conditions and severe weather events
- Uncertainty in future policy, technology development, and market conditions
Mitigation Strategies
- Implementing a Clean Energy Blueprint with a balanced portfolio of energy resources
- Investing in infrastructure modernization and upgrades to enhance resiliency
- Participating in research and development projects to evaluate new technologies
Supply Chain Management
Responsible Procurement
- Supporting diverse companies and creating economic opportunity for underserved communities
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Changes in temperature, humidity, precipitation, and severe weather conditions
Transition Risks
- Regulatory changes
- Evolving technology development and deployment
- Economic and market conditions
Opportunities
- Expansion of renewable energy resources
- Investment in energy storage and grid modernization
- Fuel savings and renewable energy tax credits
Reporting Standards
Frameworks Used: TCFD
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
Initiatives contribute to affordable and clean energy through renewable energy expansion, energy efficiency programs, and grid modernization