Genesis Energy Limited Sustainability Profile
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 80 is higher than 88% 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
In 2024, Genesis Energy Limited 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, Scope 2 emissions at approximately 154,000 kg CO2e, and Scope 3 emissions totalling around 788,413,000 kg CO2e. This represents a significant increase from 2023, where total emissions were about 2,026,147,000 kg CO2e, with Scope 1 emissions at approximately 1,075,990,000 kg CO2e, Scope 2 at about 160,000 kg CO2e, and Scope 3 at around 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 from a FY2020 baseline. This target translates to a reduction of approximately 247,524 tonnes CO2e. Additionally, the company is committed to achieving 1.5°C-aligned Science Based Targets, aiming to reduce annual emissions by more than 1.2 million tonnes CO2e by FY2025. Long-term goals include reaching net-zero greenhouse gas emissions across the value chain by FY2040, with specific targets to reduce Scope 1 and 2 emissions by 97.7% per GWh by FY2040, and Scope 3 emissions from the use of sold products by 90% within the same timeframe. These commitments reflect Genesis Energy's dedication to addressing climate change and transitioning towards a more sustainable energy future.
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| 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 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Genesis Energy Limited's Industry?
How Carbon Intensive is Genesis Energy Limited's Location?
Genesis Energy Limited's Scope 3 Categories Breakdown
Genesis Energy Limited's Scope 3 emissions, which decreased by 17% last year and decreased by approximately 56% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 24% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 69% of Scope 3 emissions.
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Genesis Energy Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Genesis Energy Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Genesis Energy Limited's sustainability data and climate commitments