Genesis Energy Sustainability Profile
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 48 is higher than 76% 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, which encompasses mobile combustion (1,738,000 kg CO2e), fugitive emissions (1,745,000 kg CO2e), and stationary combustion (1,072,507,000 kg CO2e). Scope 2 emissions were approximately 321,046,000 kg CO2e, primarily from purchased electricity (160,000 kg CO2e). Additionally, Scope 3 emissions totalled around 949,997,000 kg CO2e, with significant contributions from the use of sold products (692,204,000 kg CO2e) and fuel and energy-related activities (234,370,000 kg CO2e). Genesis Energy has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 36% by FY25 from a FY20 baseline. This target is part of their broader strategy to achieve net zero emissions by 2050, aligning with New Zealand's national goals. The company has also reported a 38% decrease in total greenhouse gas emissions intensity since 2020. The emissions data is sourced from Genesis Energy, L.P., and reflects their commitment to transparency and accountability in addressing climate change.
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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 |
How Carbon Intensive is Genesis Energy's Industry?
How Carbon Intensive is Genesis Energy's Location?
Genesis Energy's Scope 3 Categories Breakdown
Genesis Energy's Scope 3 emissions, which decreased by 33% last year and decreased by approximately 47% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 22% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 73% of Scope 3 emissions.
Top Scope 3 Categories
Genesis Energy'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.
Genesis Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
