Genesis Energy Ltd

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Moderate Genesis Energy provides a moderate level of transparency on its climate-policy lobbying. It confirms that it has made submissions on identifiable regulatory processes, including the Climate Change Commission’s fourth emissions budget, proposed changes to New Zealand Emissions Trading Scheme (ETS) settings, the Government’s Emissions Reduction Plan and Resource Management Act reform, giving readers a reasonable sense of which specific policy frameworks it tries to influence. The company explains that it engages through a mix of direct “formal submissions and advocacy” and indirect participation in the Climate Leaders Coalition and other industry groups, and it identifies the agencies it approaches—such as the Ministry of Business, Innovation and Employment, the Ministry for the Environment and the Climate Change Commission—although it stops short of describing the exact format or frequency of meetings, letters or consultations. Genesis also outlines the results it is seeking, notably advocating for a National Energy Strategy, a gas transition plan, and a shift away from the Government’s 100 % renewable electricity target toward a broader 50 % renewable energy target by 2035, thereby signalling the policy changes it wishes to see even if quantitative detail is limited. Overall, the disclosures give a solid but not full picture of the company’s climate-lobbying activities. 2
Lobbying Governance
Overall Assessment Comment Score
None Genesis Energy Ltd’s disclosures focus strongly on sustainability governance, with “Sustainability is integrated across Genesis and the Genesis Board has visibility and oversight of the development of Genesis’ Sustainability Strategy” and a dedicated committee where “The Committee will oversee key matters relating to Sustainable Debt, including approval prior to issuance of a Sustainable Debt Instrument, reporting and ongoing performance.” The material also notes that “The Board of Directors (Board) is responsible for the governance, direction and control of the activities of Genesis and our subsidiaries, including responsibility for the oversight of material climate-related risks and opportunities.” However, we found no evidence of any governance processes or oversight structures specifically related to the company’s direct or indirect lobbying activities, and the company does not disclose a policy, committee, or individual charged with ensuring that lobbying aligns with its climate objectives. 0