Genesis Energy Limited
Genesis Energy Limited, commonly referred to as Genesis, 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 focuses on generating and retailing electricity, as well as providing natural gas solutions, with a commitment to sustainability and innovation. The company is known for its diverse energy portfolio, which includes renewable sources such as hydro and wind power, setting it apart in a competitive market. With a strong emphasis on customer service and environmental responsibility, Genesis Energy Limited has achieved notable milestones, including recognition for its efforts in reducing carbon emissions. As a trusted energy partner, Genesis continues to lead the way in New Zealand's transition to a cleaner energy future.
DitchCarbon Score
How does Genesis Energy Limited'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 Electricity Transmission 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 Limited's score of 26 is higher than 89% 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 Limited's reported carbon emissions
Genesis Energy Limited, headquartered in New Zealand, has set ambitious climate commitments aimed at significantly reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has established clear reduction targets for its greenhouse gas emissions. Genesis Energy is committed to reducing its absolute Scope 1 and Scope 2 greenhouse gas emissions by 36% by the fiscal year 2025, using the fiscal year 2020 as a baseline. Additionally, the company aims to achieve a 21% reduction in absolute Scope 3 emissions, which pertain to the use of sold products, by the same deadline. These targets align with the science-based targets necessary to limit global warming to 1.5°C. The company's commitment to these reductions reflects its proactive approach to addressing climate change and its responsibility within the electric utilities and independent power producers sector. As part of its long-term strategy, Genesis Energy has also indicated a commitment to achieving net-zero emissions, although specific timelines for this goal have not been disclosed. Overall, Genesis Energy Limited is taking significant steps towards reducing its carbon footprint and contributing to a more sustainable future.
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 Limited is participating in some 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.
