MASHINIi

DTE Energy Company.

DTE.US | Electric power generation, transmission and distribution

DTE Energy Company is a diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its primary operating segments include electric and gas utilities, which provide electricity and natural gas to residential, commercial, and industrial ...Show More

Ethical Profile

Mixed.

DTE Energy presents a mixed ethical profile. The company faced a $1.8 million fine for air quality violations and disconnected over 150,000 delinquent customers in 2024, reportedly selling $282 million in customer debt. A $368.1 million rate increase also raised concerns. Allegations include pressuring employees into unpaid tasks and refusing to bargain in good faith. Conversely, DTE connected vulnerable customers to $144 million in energy assistance and invested $3.3 billion with Michigan businesses. The company committed to disclosing political contributions over $5,000, boasts a 60-70% waste diversion rate, and has invested $2.6 billion in green bonds for renewable energy, though it still relies on fossil fuels.

Value Scores

Better Health for All-10
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing20
-100100
Honest & Fair Business0
-100100
Kind to Animals20
-100100
No War, No Weapons-20
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities40
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products-40
-100100

Better Health for All

-10

DTE Energy's operations, which include fossil fuel generation, contribute to negative health externalities such as carbon emissions and air quality issues. The company is undertaking remediation efforts by transitioning from fossil fuels to renewable energy sources

1
. It also plans to convert a closed coal power plant into a battery energy storage center, expected to be the largest in the Great Lakes region upon completion in 2026
2
, aiming to reduce these impacts and improve public health
3
. The company does not offer health-related products or services, nor does it engage in healthcare workforce development, health equity programs, or collect health data from the public. Its products do not have addiction potential, and it is not a pharmaceutical, food, or clinical research company.

Fair Money & Economic Opportunity

0

DTE Energy is an energy utility and does not offer consumer lending or deposit services, making most financial services-specific KPIs not applicable. The company invested $3.3 billion with local Michigan businesses in 2024, creating and sustaining nearly 14,000 jobs, and has invested over $24 billion with local suppliers since 2010.

1
In 2023, DTE spent over $988 million with certified diverse suppliers.
2
The company secured $144 million in energy assistance for vulnerable customers in 2023-2024, part of over $660 million in financial aid over five years.
3
Its Energy Efficiency Assistance program provided $63 million in home upgrades for nearly 5,000 income-qualified families annually
4
and committed an additional $40 million for income-qualified customers in 2022-2023, targeting underserved communities.
5
In April 2024, DTE awarded three Michigan small businesses $5,000 each for energy efficiency upgrades.
6
In December 2023, a $368.1 million annual rate increase was approved, resulting in a $6.51 monthly bill hike for customers.
7

Fair Pay & Worker Respect

20

Approximately 50% of DTE Energy's workforce is represented by unions

1
. In June 2024, the company reached a tentative agreement with Local 223 of the Utility Workers Union of America (UWUA) concerning wages, benefits, and working conditions
2
. However, a September 2024 audit identified an extensive backlog of equipment inspections
3
and substantial operational and safety issues, including inadequate response times to downed power lines, posing risks to workers and the public
4
. In January 2024, DTE Energy offered voluntary buyouts to approximately 3,000 employees, representing about 30% of its workforce
5
. The company's Energy Efficiency Academy, expanded in May 2024
6
, reported that 75% of its 2023 participants secured full-time employment with wages up to $30 per hour
7
.

Fair Trade & Ethical Sourcing

20

DTE Energy spent $1.03 billion with diverse suppliers in 2024.

1
In 2022, the company directed $895 million, or nearly 24% of its external spend, to certified diverse suppliers.
2
This spending has grown by over 112% since 2016.
3
DTE supports diverse suppliers through programs like Elevate, a mentorship initiative, and expects its largest suppliers to allocate at least 20% of their external spending to diverse businesses.
4
The company has received over 64 supplier diversity industry awards since 2018.
5
DTE maintains a Supplier Code of Conduct, updated last year, which outlines ethical expectations, including prohibitions against forced or child labor, and promotes diversity, equity, and inclusion.
6
An environmental risk-screening matrix determines audit frequency for waste disposal and recycling vendors, and DTE utilizes ISNetworld for contractor safety and compliance management.
7

Honest & Fair Business

0

In 2024, DTE disconnected power to over 150,000 delinquent customers and faced criticism for frequent outages and prioritizing profits over service.

1
The company sold over $282 million in customer debt to third-party collectors for $4.8 million, which led to aggressive collection tactics against Detroit residents.
2
In response to concerns about its collection practices, the Michigan Public Service Commission required DTE to disclose details of its debt sales to enhance transparency.
3
In July 2023, DTE committed to publicly disclosing political contributions over $5,000 to increase transparency.
4
Additionally, DTE's River Rouge facility received a $1.8 million fine for air quality violations.
5

Kind to Animals

20

DTE Energy actively engages in wildlife conservation and habitat restoration.

1
The company maintains 8,000 acres of land in its natural state
2
and manages over 2,000 acres of wildlife habitat across its properties.
3
DTE has 30 facilities certified by the Wildlife Habitat Council.
4
Initiatives include creating pollinator gardens for bees, bats, and monarch butterflies
5
, restoring wetlands and prairies
6
, and planting 25,000 trees by 2024 through the Detroit Tree Partnership.
7
DTE supports specific species through projects such as peregrine falcon reintroduction and breeding programs, with nesting recorded since 1994
8
, and provides eagle habitats, with over 100 eagles counted at the Monroe Power Plant.
9
The company also created lake sturgeon spawning beds using 765 tons of coal cinders
10
, installed dozens of bat houses
11
, and established common tern nesting habitats.
12
DTE has a cooperative management agreement with the U.S. Fish and Wildlife Service International Wildlife Refuge for 656 acres.
13
The DTE Energy Foundation granted $1 million to The Nature Conservancy for habitat preservation and biodiversity.
14

No War, No Weapons

-20

DTE Energy Company is not involved in arms production or military contracts, focusing instead on energy generation and distribution.

1
The company has no defense assets to divest and no exposure to any weapons.
2
While it invests in renewable energy for a sustainable future, it does not explicitly promote peace initiatives.
3

Planet-Friendly Business

-50

DTE Energy reported total Scope 1, 2, and 3 emissions of 35,309,000 tCO2e in 2024.

1
The company has not publicly committed to Science Based Targets initiative (SBTi) aligned targets.
2
In 2023, DTE Electric and DTE Vantage recorded a total of 11 environmental compliance violations, with associated fines.
3
An EPA lawsuit was filed in 2022 against its subsidiary EES Coke Battery for alleged Clean Air Act violations, with potential daily penalties.
4
DTE Electric sourced 12.812% of its energy from renewable fuels in 2024.
5
The company aspires to achieve net-zero carbon emissions by 2050 for DTE Electric and Gas, with defined interim reduction goals.
6
DTE Energy includes a TCFD Report and uses climate-related scenarios to inform its strategy and financial planning.
7
The company discloses climate-affected assets, including regulatory asset treatment for the Monroe and Belle River Power Plants totaling $1.1 billion from the 2019 plan and nearly $1.4 billion from the proposed 2022 plan, with plans to end coal use by 2032.
8
DTE Energy's water sources are primarily from the St. Lawrence water basin, classified as "Low Risk."
9
The company directs an additional $110 million to support income-qualified home energy efficiency and customer affordability programs for vulnerable customers.
10
It also provides retraining for employees impacted by coal plant retirements, aims to avoid layoffs through initiatives like "Run with PRIDE," and partners with local communities on new economic development opportunities.
11

Respect for Cultures & Communities

40

DTE Energy has over 750 nonprofit partners as of 2024.

1
In 2024, 68% of total procurement was spent on Michigan suppliers.
2
No cultural appropriation incidents have been reported in the provided articles.

Safe & Smart Tech

-10

DTE Energy has not reported any data breaches in the past three years, although a customer information exposure incident occurred in 2015.

1
The company demonstrates strong vulnerability management, having patched a critical vulnerability in less than a week (6 days) in 2015.
2
DTE employs encryption for all customer transactions
3
and has an employee education program focused on information security.
4
The company's customer data privacy policy, last modified in August 2023,
5
states compliance with new legislative mandates regarding customer data.
6
There have been no unauthorized data use incidents reported in over five years. However, the policy also notes that DTE Energy will sell aged receivables to collection firms, which limits user control over personal data.
7
While customers have the right to know what information is maintained about them and consent is required for most third-party sharing, this right excludes proprietary data or information used for internal business purposes.
8
The company collects various data types, including from social media and third parties,
9
without explicit mention of data minimization practices or retention periods.

Zero Waste & Sustainable Products

-40

DTE Energy has implemented waste reduction initiatives, including joining NextCycle Michigan in October 2024 to support the state's goal of diverting 45% of waste from landfills by 2030.

1
This collaboration focuses on enhancing recycling, composting, and materials management, and exploring new market solutions for reusing materials like solar panels and wind turbines.
2
Additionally, DTE launched its Natural Gas Balance program in January 2021, which repurposes waste gases from landfill emissions and wastewater treatment by-products into renewable natural gas.
3

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.