Genesis Energy
Genesis Energy, a prominent player in the energy sector, is headquartered in the United States and operates extensively across various regions. Founded in 1999, the company has established itself as a leader in the renewable energy landscape, focusing on sustainable electricity generation and innovative energy solutions. With a diverse portfolio that includes hydroelectric, wind, and solar power, Genesis Energy distinguishes itself through its commitment to environmental stewardship and customer-centric services. The company has achieved significant milestones, including the expansion of its renewable energy capacity, positioning itself as a key contributor to the transition towards a low-carbon economy. Recognised for its reliability and forward-thinking approach, Genesis Energy continues to enhance its market position, making strides in both operational efficiency and customer engagement within the competitive energy industry.
DitchCarbon Score
How does Genesis 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 Natural Gas Liquids 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
Genesis Energy's score of 67 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Genesis Energy's reported carbon emissions
In 2024, Genesis Energy reported total carbon emissions of approximately 3,231,142,000 kg CO2e, with Scope 1 emissions accounting for about 2,442,575,000 kg CO2e and Scope 3 emissions at approximately 788,413,000 kg CO2e. The company has set ambitious targets to reduce its emissions, aiming for a 30% reduction in Scope 1 emissions by 2030 from a 2021 baseline. Additionally, Genesis Energy plans to cut its Scope 2 emissions by 25% by 2030. For the near term, Genesis Energy has committed to reducing total Scope 1 and 2 emissions by at least 36% by FY25 compared to FY20 levels, which translates to a reduction of approximately 247,524 tonnes CO2e. Furthermore, the company is working towards achieving net zero emissions by 2050, with a specific target to reduce greenhouse gas emissions by over 90% from a FY20 baseline by 2040, in alignment with the Science Based Targets initiative (SBTi). In 2023, Genesis Energy's total emissions were about 2,026,147,000 kg CO2e, with Scope 1 emissions at approximately 1,075,990,000 kg CO2e and Scope 2 emissions at 160,000 kg CO2e. The company has demonstrated a commitment to sustainability and climate action through these significant reduction targets and initiatives.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,668,736,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 358,268,000 | 000,000 | 000,000 | 000,000 | 000,000 | - |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 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.
Genesis Energy is not participating in any of the initiatives that 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.
