In 2024, Genel Energy completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Genel Energy has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 100,098a | 61,274a | 192,637a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 52a | 259a | 176a | |
Total Scope 3 | 825a | 41,926a | 264,686a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,340a | 781.5561a | 650.2282a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Genel Energy amounted to 100,150 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Genel Energy increased by 62.76%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Genel Energy were 100,098 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Genel Energy's Scope 1 emissions have decreased by 48.04%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Genel Energy's Scope 1 emissions increased by 63.36%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Genel Energy reported Scope 2 greenhouse gas (GHG) emissions of 52 tCO₂e without specifying the calculation method.a
Since 2022, Genel Energy's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 70.45%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Genel Energy's Scope 2 emissions (Unspecified Calculation Method) fell by 79.92% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Genel Energy reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Genel Energy reported 825 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Genel Energy includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Genel Energy reported total Scope 3 emissions of 825 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Genel Energy's Scope 3 emissions have decreased by 99.69%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Genel Energy's Scope 3 emissions decreased by 98.03%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Genel Energy reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Genel Energy's Scope 3 emissions were:a
In 2024, Genel Energy reported Scope 1 greenhouse gas (GHG) emissions of 100,098 tCO₂e and total revenues of USD 75 millions. This translates into an emissions intensity of 1,340 tCO₂e per millions USD.a
In 2024, Genel Energy reported a Scope 1 emissions intensity of 1,340 tCO₂e per millions USD. Compared to the peer group median of 283.13, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Genel Energy ranked 23 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Genel Energy among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Genel Energy reported a total carbon footprint of 100,975 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.4% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Genel Energy's total carbon footprint was Scope 1 emissions, accounting for 99.13% of the company's total carbon footprint, followed by Scope 3 emissions at 0.82%.a