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 51 is higher than 100% 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, which account for indirect emissions from the value chain, totalled about 949,997,000 kg CO2e. Genesis Energy has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 36% by FY2025, using FY2020 as the baseline. Furthermore, the company is targeting a 21% reduction in Scope 3 emissions from the use of sold products within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Over the past few years, Genesis Energy has demonstrated a commitment to sustainability, with emissions increasing from approximately 4,495,002,000 kg CO2e in 2020 to 5,672,805,000 kg CO2e in 2021, before decreasing to about 3,651,049,000 kg CO2e in 2022. The company continues to focus on reducing its carbon footprint and enhancing its environmental performance as part of its long-term strategy.
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Access structured emissions data, company-specific emission factors, and source documents
Get Started| 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.
