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 32 is higher than 75% 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 333,600 kg CO2e, with significant contributions from Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions accounted for about 100,098,000 kg CO2e, while Scope 2 emissions were approximately 52,000 kg CO2e. The most substantial impact came from Scope 3 emissions, which totalled around 825,000 kg CO2e, including investments at 3,108,944,000 kg CO2e and purchased goods and services at 343,000 kg CO2e. For the UK operations in 2024, Genel Energy's Scope 2 emissions were reported at about 4,300 kg CO2e. In 2023, the company recorded Scope 2 emissions of approximately 9,400 kg CO2e in the UK, indicating a focus on monitoring and managing emissions. Genel Energy has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context. The company continues to disclose emissions data transparently, reflecting its operational footprint and the importance of addressing climate change impacts.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 816,160 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 507,450 | 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.
