Xcel Energy Named a World’s Most Admired Company for 10th Consecutive Year
February 01 2023 - 2:07PM
Business Wire
Minneapolis-based utility recognized by Fortune magazine for
innovation, social responsibility and more
For the tenth year in a row, Xcel Energy has been honored as one
of the World’s Most Admired Companies by Fortune magazine. The
Minneapolis-based utility ranked first in social responsibility and
quality of management, placing second overall among the most
admired gas and electric companies in the country.
The ranking is based on nine criteria including innovation,
social responsibility, financial soundness, long term investment
value and quality of management.
“Xcel Energy is honored to make Fortune magazine’s list of the
World’s Most Admired Companies once again. It’s a testament to the
dedication of our employees as we build a clean energy future for
our customers and communities," said Bob Frenzel, chairman,
president and CEO of Xcel Energy. “We’re grateful to be recognized
for our clean energy leadership as we keep our service reliable,
system resilient and customer bills low.”
Xcel Energy aims to be a net-zero energy provider by 2050. The
company was the first in its industry to have aggressive clean
energy goals covering three large sectors of the economy:
electricity, natural gas use in buildings and transportation.
Fortune magazine partnered with Korn Ferry to conduct the survey
on corporate reputation, focusing on large companies with revenue
of $10 billion or more. The complete list and methodology can be
found at www.Fortune.com.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers
millions of homes and businesses across eight Western and
Midwestern states. Headquartered in Minneapolis, the company is an
industry leader in responsibly reducing carbon emissions and
producing and delivering clean energy solutions from a variety of
renewable sources at competitive prices. For more information,
visit xcelenergy.com or follow us on Twitter and Facebook.
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