Genesis Energy
Genesis Energy, a prominent player in the energy sector, is headquartered in the United States and operates extensively across various regions. Founded in 1999, the company has established itself as a leader in the renewable energy landscape, focusing on sustainable electricity generation and innovative energy solutions. With a diverse portfolio that includes hydroelectric, wind, and solar power, Genesis Energy distinguishes itself through its commitment to environmental stewardship and customer-centric services. The company has achieved significant milestones, including the expansion of its renewable energy capacity, positioning itself as a key contributor to the transition towards a low-carbon economy. Recognised for its reliability and forward-thinking approach, Genesis Energy continues to enhance its market position, making strides in both operational efficiency and customer engagement within the competitive energy industry.
DitchCarbon Score
How does Genesis Energy'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 Natural Gas Liquids 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's score of 53 is higher than 90% 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's reported carbon emissions
In 2024, Genesis Energy reported total carbon emissions of approximately 3,231,142,000 kg CO2e. This figure includes about 2,442,729,000 kg CO2e from Scope 1 and 2 emissions combined, and approximately 544,714,000 kg CO2e from Scope 3 emissions, specifically related to the use of sold products. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 36% by FY25, using FY20 as the baseline. This target translates to a significant reduction of about 1,200,000 tonnes of CO2e by FY25. As of FY24, Genesis Energy has already achieved a 9% reduction in Scope 1 and 2 emissions compared to FY20, equating to a decrease of approximately 247,524 tonnes of CO2e. Looking towards the long term, Genesis Energy is committed to helping New Zealand reach net zero emissions by 2050, with a goal of using 90% renewable energy. The company also aims to reduce Scope 2 emissions by 25% from a 2021 baseline by 2030 and Scope 1 emissions by 30% from the same baseline. Overall, Genesis Energy is actively working towards substantial emissions reductions and aligning its strategies with global climate goals, demonstrating a strong commitment to sustainability and environmental responsibility.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | - | - | - | - | - |
| Scope 3 | 1,366,852,000 | 0,000,000,000 | 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 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.
