Genel Energy Sustainability Profile
Genel Energy plc, commonly referred to as Genel Energy, is a prominent independent oil and gas exploration and production company headquartered in Great Britain. Founded in 2011, the company has established a strong presence in the Kurdistan Region of Iraq, focusing on the development of oil fields and the production of hydrocarbons. Specialising in the exploration and production of oil, Genel Energy is recognised for its strategic assets, including the Taq Taq and Tawke fields. The company’s commitment to operational excellence and sustainable practices sets it apart in the energy sector. With a robust portfolio and a focus on maximising resource potential, Genel Energy has positioned itself as a key player in the industry, achieving significant milestones in production and exploration.
DitchCarbon Score
How does Genel Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Petroleum Electricity industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Genel Energy's score of 47 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Genel Energy's reported carbon emissions
In 2024, Genel Energy reported total carbon emissions of approximately 100,150,000 kg CO2e from Scope 1 and 2 combined, with Scope 1 emissions at about 100,098,000 kg CO2e and Scope 2 emissions at approximately 52,000 kg CO2e. The company also disclosed Scope 3 emissions amounting to about 825,000 kg CO2e, which includes significant contributions from investments (approximately 3,108,944,000 kg CO2e) and purchased goods and services (around 343,000 kg CO2e). For the UK operations in 2024, Genel Energy's Scope 2 emissions were reported at approximately 4,300 kg CO2e, while in 2023, these emissions were about 9,400 kg CO2e. This indicates a reduction in emissions from the previous year. Genel Energy has not set specific reduction targets or initiatives as part of their climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets reported. The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are directly from Genel Energy plc. Overall, Genel Energy's emissions profile reflects a significant reliance on fossil fuel operations, with a need for enhanced climate strategies to address their carbon footprint effectively.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | - | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | - | - | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000 |
How Carbon Intensive is Genel Energy's Industry?
How Carbon Intensive is Genel Energy's Location?
Genel Energy's Scope 3 Categories Breakdown
Genel Energy's Scope 3 emissions, which decreased by 98% last year and decreased by approximately 97% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 376842% of Scope 3 emissions.
Top Scope 3 Categories
Genel Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Genel Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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