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 53 is higher than 86% 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 and 2 emissions accounting for about 2,442,729,000 kg CO2e and Scope 3 emissions from the use of sold products contributing approximately 544,714,000 kg CO2e. This represents a significant increase from 2023, where total emissions were about 2,026,147,000 kg CO2e, with Scope 1 and 2 emissions at approximately 1,076,150,000 kg CO2e and Scope 3 emissions at about 692,204,000 kg CO2e. Genesis Energy has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 36% by FY25 from a FY20 baseline. As of FY24, they have achieved a 9% reduction, equating to approximately 247,524 tonnes CO2e. Additionally, they are targeting a reduction of Scope 3 emissions by at least 21% by FY25. Looking towards the long term, Genesis Energy is committed to helping New Zealand reach net zero emissions by 2050, with a goal of using 90% renewable energy. They also aim to remove 1.2 million tonnes of carbon by FY25 from a FY20 baseline, aligning with Science Based Targets to limit global warming to 1.5°C. Overall, Genesis Energy's emissions data and climate commitments reflect a proactive approach to addressing climate change, with clear targets and a focus on significant reductions across all scopes of emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,668,736,000 | - | - | - | - | - |
| Scope 2 | 358,268,000 | - | - | - | - | - |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 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.
