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.
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.
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.
Magellan Midstream Partners's score of 5 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Magellan Midstream Partners reported total carbon emissions of approximately 612,452,000 kg CO2e. This figure includes about 209,000,000 kg CO2e from Scope 1 emissions and approximately 403,000,000 kg CO2e from Scope 2 emissions. Over the previous years, their total emissions have remained relatively stable, with figures of about 539,000,000 kg CO2e in 2018, 2019, and 2020, and a slight decrease to approximately 538,510,000 kg CO2e in 2021. Despite these emissions figures, there are currently no publicly disclosed reduction targets or climate pledges from Magellan Midstream Partners. The company has not specified any initiatives aimed at reducing its carbon footprint, which places it in a challenging position within the industry as climate commitments become increasingly important for stakeholders. Overall, while Magellan Midstream Partners has maintained a consistent level of emissions, the absence of defined reduction strategies may impact its reputation and operational sustainability in a climate-conscious market.
Access structured emissions data, company-specific emission factors, and source documents
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Scope 1 | 190,000,000 | 000,000,000 | 000,000,000 | 000,000,000,000,000 | 000,000,000,000,000 |
Scope 2 | 349,000,000 | 000,000,000 | 000,000,000 | 000,000,000,000,000 | 000,000,000,000,000 |
Scope 3 | - | - | - | - | - |
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 committed to any reduction initiatives 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.