Genesis Energy Limited

Genesis Energy Limited's reported carbon emissions

Genesis Energy Limited, based in NZ and operating in electricity transmission services, reported a total of approximately 3.59 billion kg CO2e in emissions for 2025. This comprised approximately 2.54 billion kg CO2e for Scope 1, approximately 279,000 kg CO2e for Scope 2, and approximately 1.05 billion kg CO2e for Scope 3. For 2024, total emissions were approximately 3.23 billion kg CO2e, with Scope 1 accounting for about 2.44 billion kg CO2e, Scope 2 for around 154,000 kg CO2e, and Scope 3 for approximately 788.41 million kg CO2e. In 2023, total emissions were approximately 2.03 billion kg CO2e, including about 1.08 billion kg CO2e for Scope 1, approximately 160,000 kg CO2e for Scope 2, and around 950 million kg CO2e for Scope 3. Genesis Energy has established several climate commitments. The company aims to reduce its absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 36% by Fiscal Year 2025, using FY2020 as the base year. Furthermore, it has committed to reducing absolute Scope 3 emissions from the use of sold products by 21% by FY2025, also from a FY2020 baseline. This represents a commitment to reduce over 1.2 million tonnes of CO2e by FY2025. Looking further ahead, Genesis Energy aims to reach net-zero GHG emissions across its value chain by FY2040. The company is committed to setting Science Based Targets (SBTi) in line with the Corporate Net-Zero guidance, aiming for a pathway to reduce emissions consistent with limiting global warming to 1.5°C. This includes a commitment to reduce emissions by more than 90% from a FY2020 base year by 2040. Additionally, there are near-term intensity targets, such as reducing Scope 1 and Scope 2 GHG emissions by 76% per GWh by FY2030 from a FY2020 baseline.