- Greenhouse gas emissions significantly increased in FY24 (59% higher than FY23) due to Unit 5 outages, gas market conditions, and lower hydro inflows
- FY25 Science Based Targets are at risk due to market conditions driving additional thermal generation
- Kupe JV field reserves estimate declined by 81.2 PJe 2P
- Gas market remains exceptionally tight, with prices at record high levels
Genesis Energy Limited
Greenhouse gas emissions & sustainability report data
In its FY24 reporting, Genesis Energy Limited disclosed greenhouse gas emissions of 3.9 MtCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.9 MtCO2e
FY24
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| FY24 | 3.9 MtCO2e |
| FY23 | 1.6K kt CO2e |
| 2023 | 2.0M tCO2e/year (excluding CO2 from biomass) |
| 2022 | 4.5M tCO2e (FY20) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Construction underway on Lauriston Solar Farm (63 MWp), first generation expected in Q2 FY25
- Secured 127 MWp Edgecumbe solar project opportunity, first generation targeted for mid-2026
- Final investment decision reached for 100 MW/200 MWh battery at Huntly Power Station
- Contributed $2.7m to energy wellbeing, building skills and career pathways, protecting and restoring nature and local communities (12% increase on FY23)
- Contributed $105,000 to Tuai School for a solar and battery storage system
🎯 Climate & Sustainability Targets
📅 Medium-term
- Up to 500MW of solar developed and operational by FY28
- 100MW/200MWh BESS operational at Huntly by Q1 FY27
- 30% of EV owners Genesis Customers by FY28
- Full implementation of billing and CRM re-platform across Genesis and Frank brands by end of FY27
🔭 Long-term
- Net zero emissions by 2040
🌱 ESG Focus Areas
Carbon emissionsRenewable energyCommunity investmentEmployee well-beingNet zero 2040