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 42 is higher than 81% 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 2023, Genesis Energy reported total carbon emissions of approximately 2,026,147,000 kg CO2e. This figure includes Scope 1 emissions of about 2,974,070,000 kg CO2e, Scope 2 emissions of approximately 321,046,000 kg CO2e, and Scope 3 emissions of around 949,997,000 kg CO2e. The company has set ambitious targets to reduce its absolute Scope 1 and 2 emissions by 36% by FY25, using FY20 as the baseline. Additionally, Genesis Energy aims to decrease its Scope 3 emissions by at least 21% by FY25. The company has made significant strides in its climate commitments, including a long-term goal of achieving net zero emissions by 2050. As part of its near-term initiatives, Genesis Energy has reported a 38% reduction in total greenhouse gas emissions intensity since 2020. These commitments are crucial as New Zealand aims to reach net zero emissions by 2050, with Genesis Energy playing a pivotal role in this transition. Overall, Genesis Energy's emissions data and climate commitments reflect a proactive approach to addressing climate change, aligning with industry standards and contributing to broader sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,668,736,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 358,268,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 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 participating in some 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.
