Magellan Midstream Partners Sustainability Profile
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 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magellan Midstream Partners's reported carbon emissions
In 2022, Magellan Midstream Partners, headquartered in the US, 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. The Scope 1 emissions included about 7,955,220 kg CO2e from mobile combustion and approximately 201,392,780 kg CO2e from stationary combustion. For the previous year, 2021, the company recorded total emissions of about 539,000,000 kg CO2e, with Scope 1 emissions at approximately 190,000,000 kg CO2e and Scope 2 emissions at around 349,000,000 kg CO2e. Magellan Midstream Partners has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives as part of their climate commitments. The emissions data is cascaded from their parent company, Magellan Midstream Partners, L.P., indicating a corporate family relationship. Overall, while the company has made strides in reporting its emissions, it currently lacks defined reduction targets or commitments to further mitigate its carbon footprint.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 190,000,000 | 000,000,000 |
| Scope 2 | 349,000,000 | 000,000,000 |
| Scope 3 | - | - |
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Magellan Midstream Partners'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.
Magellan Midstream Partners 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.
