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 72 is higher than 84% 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 and Scope 3 emissions at approximately 788,413,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 36% by FY2025, relative to a FY2020 baseline. This target translates to a reduction of about 247,524 tonnes CO2e. Genesis Energy is also committed to achieving net-zero emissions across its value chain by FY2040. This includes a significant reduction target of over 1.2 million tonnes CO2e annually by FY2025, aligned with Science Based Targets (SBTi). Specifically, the company aims to reduce Scope 1 emissions by 76% per GWh by FY2030 and 97.7% by FY2040, while also targeting a 76% reduction in Scope 2 emissions per GWh by FY2030. In terms of Scope 3 emissions, Genesis Energy has committed to a 60.2% reduction from the use of sold products for fossil fuels by FY2040. These targets reflect the company's commitment to align with the 1.5°C climate goal, demonstrating a proactive approach to mitigating climate change impacts.
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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 | - | - | - | - | - |
| 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 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.
