Genesis Energy, a prominent player in the natural gas liquids industry, is headquartered in the United States and operates extensively across key regions. Founded in 1999, the company has established itself as a leader in the production and distribution of natural gas liquids, including propane, butane, and ethane, catering to both residential and commercial markets.
With a commitment to sustainability and innovation, Genesis Energy has achieved significant milestones, including advancements in energy efficiency and a focus on reducing carbon emissions. Their unique approach to energy solutions not only enhances operational efficiency but also positions them favourably in a competitive market. Recognised for their reliability and customer-centric services, Genesis Energy continues to set benchmarks in the natural gas sector, making them a trusted name in energy solutions.
+9 vs industry average
Genesis Energy’s score of 25 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Natural Gas Liquids is among the most carbon-intensive industries
Industry performance
The Natural Gas Liquids industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Genesis Energy's reported carbon emissions
Genesis Energy, a US-based company operating in the Natural Gas Liquids industry, has disclosed its carbon emissions for the fiscal years 2019 through 2024. In 2024, the company reported Scope 1 emissions of approximately 284.6 million kg CO2e and Scope 2 emissions of about 11.6 million kg CO2e.
For the 2023 reporting year, Genesis Energy's Scope 1 emissions were approximately 2.97 billion kg CO2e and Scope 2 emissions were about 321.0 million kg CO2e. In 2022, Scope 1 emissions totalled approximately 3.08 billion kg CO2e and Scope 2 emissions were around 296.7 million kg CO2e.
Looking further back, in 2021, Scope 1 emissions were approximately 3.03 billion kg CO2e and Scope 2 emissions were about 324.2 million kg CO2e. For 2020, Scope 1 emissions were approximately 2.72 billion kg CO2e and Scope 2 emissions were around 353.8 million kg CO2e. In 2019, Scope 1 emissions were approximately 3.67 billion kg CO2e and Scope 2 emissions were about 358.3 million kg CO2e.
Genesis Energy has established several climate commitments. The company aims to reduce its Scope 1 emissions by 30% from a 2021 baseline by 2030, and its Scope 2 emissions by 25% from the same 2021 baseline by 2030. Furthermore, Genesis Energy has set a long-term goal to achieve net zero emissions by 2050. The company has also reported a 38% decrease in its total greenhouse gas emissions intensity since 2020. In addition, Genesis Energy is working towards a Net Zero 2040 target for its downstream Scope 3 emissions. Currently, Scope 3 emissions data is not fully disclosed, with 'purchased goods and services' being a missing data point.
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Genesis Energy’s Climate Goals (2030 & 2050)
5 goals2030
30% reduction in Scope 1
We aim to reduce our Scope 1 emissions by 30% from a 2021 baseline by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Genesis Energy
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