Genie Energy Ltd. Sustainability Profile
Genie Energy Ltd., a prominent player in the energy sector, is headquartered in the United States and operates primarily in North America and Israel. Founded in 2001, the company has established itself as a leader in innovative energy solutions, focusing on both conventional and renewable energy sources. Genie Energy is renowned for its core offerings, which include electricity supply, natural gas distribution, and energy efficiency services. The company distinguishes itself through its commitment to customer-centric solutions and advanced technology integration. With a strong market position, Genie Energy has achieved significant milestones, including the expansion of its customer base and the development of sustainable energy initiatives. As a forward-thinking entity in the energy industry, Genie Energy continues to drive progress and innovation in the quest for reliable and efficient energy solutions.
DitchCarbon Score
How does Genie Energy Ltd.'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 Distribution 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
Genie Energy Ltd.'s score of 5 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Genie Energy Ltd.'s reported carbon emissions
Genie Energy Ltd., headquartered in the US, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the company. As of now, Genie Energy Ltd. does not inherit emissions data from any parent or related organizations, meaning all information is self-reported. The company has not established any Science-Based Targets Initiative (SBTi) commitments or other industry-standard climate initiatives. In the context of the energy sector, it is essential for companies like Genie Energy to develop and implement robust climate strategies to address the growing concerns around carbon emissions and climate change. Without specific emissions data or reduction commitments, the company's climate impact remains unclear.
How Carbon Intensive is Genie Energy Ltd.'s Industry?
How Carbon Intensive is Genie Energy Ltd.'s Location?
Genie Energy Ltd.'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.
Genie Energy Ltd. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
