Magellan Midstream Partners
Magellan Midstream Partners, L.P., commonly referred to as Magellan, is a leading player in the energy sector, headquartered in the United States. Founded in 2000, the company has established a strong presence in the transportation and storage of refined petroleum products and crude oil, primarily operating in the Midwest and South regions of the country. Magellan's extensive network of pipelines and storage facilities sets it apart, offering reliable and efficient services that cater to a diverse clientele. The company is renowned for its commitment to safety and environmental stewardship, which has earned it a solid reputation in the industry. With a focus on innovation and operational excellence, Magellan Midstream Partners continues to solidify its market position, achieving notable milestones and contributing significantly to the energy landscape.
DitchCarbon Score
How does Magellan Midstream Partners'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
Magellan Midstream Partners's score of 7 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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In 2022, Magellan Midstream Partners reported total carbon emissions of approximately 612,452,000 kg CO2e, comprising 209,000,000 kg CO2e from Scope 1 emissions and 403,000,000 kg CO2e from Scope 2 emissions. This data reflects a significant operational footprint, with Scope 1 emissions primarily arising from mobile combustion activities, which accounted for about 7,955,220 kg CO2e. Comparatively, in 2021, the company recorded total emissions of approximately 539,000,000 kg CO2e, with Scope 1 emissions at 190,000,000 kg CO2e and Scope 2 emissions at 349,000,000 kg CO2e. This indicates an increase in emissions from 2021 to 2022, highlighting the ongoing challenges in reducing carbon output. Magellan Midstream Partners has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for enhanced climate commitments within the industry context. The emissions data is cascaded from the parent company, Magellan Midstream Partners, L.P., indicating that the figures are part of a broader corporate family approach to sustainability reporting. As the company continues to navigate its climate commitments, further transparency and strategic initiatives will be essential in addressing its carbon footprint effectively.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 190,000,000 | 000,000,000 |
| Scope 2 | 349,000,000 | 000,000,000 |
| Scope 3 | - | - |
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.
Magellan Midstream Partners is not participating in any 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.
