Genesis Energy, L.P.
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:3,465,600 tCO2e/year
Scope 1 Emissions:3,141,836 tCO2e/year
Scope 2 Emissions:323,765 tCO2e/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced total recordable incident rate (TRIR) in 2021.
- Established Greenhouse Gas Scope 1 and Scope 2 baselines for 2019 to track progress.
- Opened a new NaHS Terminal in Lake Charles, Louisiana, reducing transportation emissions by approximately 94% round trip.
- Participation in the Rigs-to-Reefs Program for decommissioning the Falcon platform.
- Recognized by the Department of Commerce for efforts to protect the North Atlantic right whale.
Social Achievements
- Increased community engagement by developing a corporate giving program and hosting volunteer events.
- Offered a comprehensive employee benefits program.
- Implemented performance management processes, regular coaching, and leadership training.
Governance Achievements
- Updated HSSE Management System to incorporate lessons learned.
- Maintained a Code of Business Conduct and Ethics with annual employee acknowledgment.
- Established a 24/7 Compliance and Ethics Hotline monitored by an independent third-party organization.
Climate Goals & Targets
Environmental Challenges
- Managing environmental risks associated with energy product transportation and processing.
- Maintaining safety standards across diverse business segments.
- Balancing stakeholder expectations with business operations.
Mitigation Strategies
- Robust spill prevention and response program.
- Proactive HSSE policies, training, and incident evaluations.
- Ongoing stakeholder engagement and communication.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Participation in the energy transition through soda ash production for renewable energy applications.
Reporting Standards
Frameworks Used: SASB
UN Sustainable Development Goals
- SDG 14
Commitment to right whale conservation.
Awards & Recognition
- Department of Commerce’s Office of National Marine Sanctuaries recognition for right whale protection efforts.
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Greenhouse gas emissions
- Community investment
- Safety
- Environmental stewardship
Environmental Achievements
- Published inaugural ESG report in May 2023
- U.S. natural soda ash has a GHG footprint ~37% less than Chinese synthetic soda ash when leaving their respective manufacturing sites and ~21% on a delivered basis to customers southeast Asia after factoring in emissions incurred in rail and shipping transportation
- Re-purposing existing facility to reduce environmental impact (reducing producer emissions impact by approximately 70%)
Social Achievements
- Making positive contributions to the community through volunteer events and corporate giving
- Connected executive and key employee compensation to ESG performance metrics
Governance Achievements
- Board and executive management engaged in review of ESG program implementation
- Implemented third party software to help manage, document and organize all ESG data
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Extreme weather conditions in Green River, WY during the first quarter caused ~300k+ of supply disruptions
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed