Award recognizes company’s leadership in integrity, culture and sustainability

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

Xcel Energy is one of only seven energy companies in the United States recognized this year among 136 global honorees.

“We are committed to creating a culture where employees feel empowered to do the right thing for our customers and communities,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “Being recognized again as a World’s Most Ethical Companies honoree is credit to all of our teammates who have worked diligently to hold each other to exceptional ethical standards while we continue to deliver safe, reliable, sustainable energy while keeping bills as low as possible.”

“Congratulations to Xcel Energy for achieving recognition as one of the World’s Most Ethical Companies®. Behind this honor is a true dedication and a commitment to advancing business integrity. This approach is good for business – employees and other stakeholders value companies that prioritize the kinds of practices we measure with our process,” said Erica Salmon Byrne, Ethisphere’s Chief Strategy Officer and Executive Chair.

The World’s Most Ethical Companies assessment is grounded in Ethisphere’s proprietary Ethics Quotient®, which requires companies to provide 240+ different proof points on practices that support robust ethics and compliance; governance; a culture of ethics; environmental and social impact; and initiatives that support a strong value chain. That data undergoes further analysis by experts who vet and evaluate each year's applicants. This process serves as a framework to capture and codify best-in-class ethics and compliance practices from organizations across industries and from around the world.

Xcel Energy employees champion the company’s values of Connected, Committed, Trustworthy and Safe to create a culture of excellence that realized by our customers, our people and in our performance.

In 2024, Xcel Energy announced an ambitious five-year investment plan to strengthen our energy grid to protect against increasingly frequent and extreme weather and to meet the increasing demands of a more electrified economy while lowering emissions across the most significant ways customers use energy — electricity, natural gas use in buildings and transportation.

The full list of the 2025 World’s Most Ethical Companies can be found here.

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 X and Facebook.

About Ethisphere

Ethisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, and deliver business success. Companies turn ethics, compliance, and culture into a business advantage by leveraging Ethisphere’s data-driven program and culture assessments featuring the latest guidance and the practices of hundreds of global organizations across the 8 pillars of an ethical culture, and 240+ ethics, compliance, social, and governance data points delivered through a proprietary software platform. Ethisphere also honors superior integrity programs through World’s Most Ethical Companies® recognition, brings together a community of industry experts with the Business Ethics Leadership Alliance (BELA), and advances ethical business practices through the Global Ethics Summit, Ethisphere Magazine and the Ethicast podcast. For more information, visit https://ethisphere.com/.

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“We are committed to creating a culture where employees feel empowered to do the right thing for our customers and communities,” said Bob Frenzel, chairman, president and CEO of Xcel Energy.