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Xcel Energy named one of the World’s Most Ethical Companies for third consecutive year

Honor recognizes integrity, culture and strong leadership in sustainability

For the third year in a row, Xcel Energy has been named one of the World’s Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.

Xcel Energy is one of only nine honorees in the Energy & Utilities category, and one of only five of those companies in the United States recognized this year. In 2022, 136 honorees were recognized spanning 22 countries and 45 industries.

“It’s an amazing honor to be recognized as one of the World’s Most Ethical Companies once again. We’re so proud that our nation leading energy goals and commitment to integrity and sustainability are worthy of this award and we’ll continue to build on our strong foundation,” said Bob Frenzel, chairman, president and CEO of Xcel Energy.

“Today, business leaders face their greatest mandate yet to be ethical, accountable and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance and community. Congratulations to Xcel Energy for earning the World’s Most Ethical Companies designation for a third consecutive year.”

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain.

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.

The full list of the 2022 World’s Most Ethical Companies can be found at: https://worldsmostethicalcompanies.com/honorees.