Genesis Energy
Genesis Energy, officially known as Genesis Energy Limited, is a leading energy provider headquartered in New Zealand. Established in 1999, the company has grown to become a significant player in the electricity and gas industry, primarily serving the North Island region. Genesis Energy offers a diverse range of services, including electricity generation, retail, and gas supply, with a strong emphasis on renewable energy solutions. Their commitment to sustainability is evident in their investment in wind and hydroelectric power, setting them apart in a competitive market. With a focus on innovation and customer service, Genesis Energy has achieved notable milestones, including recognition for their efforts in reducing carbon emissions. As a trusted energy partner, they continue to play a pivotal role in New Zealand's transition to a cleaner energy future.
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 41 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Genesis Energy's reported carbon emissions
In 2023, Genesis Energy, headquartered in New Zealand, reported total carbon emissions of approximately 2,026,147,000 kg CO2e. This figure includes 1,075,990,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 321,046,000 kg CO2e from Scope 2 emissions, related to purchased electricity. Additionally, Scope 3 emissions totalled about 949,997,000 kg CO2e, covering indirect emissions from the value chain. Over the years, Genesis Energy has shown a trend of fluctuating emissions. In 2020, the company recorded total emissions of approximately 4,495,002,000 kg CO2e, with Scope 1 emissions at 2,690,013,000 kg CO2e, Scope 2 at 240,000 kg CO2e, and Scope 3 at 1,804,749,000 kg CO2e. By 2021, total emissions increased to about 5,672,805,000 kg CO2e, indicating a need for enhanced climate action. Despite the lack of specific reduction targets or initiatives disclosed, Genesis Energy is actively engaged in monitoring and reporting its emissions across all relevant scopes. The company has not yet committed to Science-Based Targets Initiative (SBTi) reduction targets, which are crucial for aligning corporate emissions with climate science. As the energy sector faces increasing scrutiny regarding carbon footprints, Genesis Energy's ongoing efforts to track and report emissions will be vital in shaping its future climate commitments and strategies.
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Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,492,279,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 251,000 | 000,000 | 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 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.
