Genel Energy
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 44 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Genel Energy's reported carbon emissions
In 2023, Genel Energy reported total carbon emissions of approximately 61,274,000 kg CO2e for Scope 1, 259,000 kg CO2e for Scope 2, and 41,926,000 kg CO2e for Scope 3 emissions. This indicates a significant reliance on upstream activities, particularly in Scope 3, which includes emissions from the use of sold products, accounting for about 37,426,000 kg CO2e. In 2022, Genel Energy's emissions were notably higher, with Scope 1 emissions at approximately 192,637,000 kg CO2e, Scope 2 at 176,000 kg CO2e, and Scope 3 reaching a staggering 5,022,274,000 kg CO2e, primarily driven by the use of sold products. The company has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect the broader industry context, where many energy companies are under pressure to enhance their sustainability practices and reduce carbon footprints. Overall, Genel Energy's emissions data highlights the challenges faced in managing carbon outputs, particularly in Scope 3 emissions, while also indicating a need for clearer climate commitments moving forward.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 816,160 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 507,450 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | - | 000,000,000 | 0,000,000,000 | 00,000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Genel Energy is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
