Genie Energy Ltd..
GNE.US | Electric power generation, transmission and distribution
Genie Energy Ltd. is a global provider of energy services. It operates through two main segments: Genie Retail Energy (GRE) and Genie Oil and Gas (GOGAS). GRE focuses on supplying electricity and natural gas to residential and commercial customers, primarily in the United States. GOGAS is engaged in...Show More
Better Health for All
0
Genie Energy Ltd. operates primarily in energy services, including natural gas supply and oil and gas exploration. As such, many KPIs related to health products, healthcare services, or specific health-related research are not applicable to its business model, resulting in a score of 0 for those categories. For KPIs that could potentially be relevant, such as the net health effect of its services or health externalities, the provided articles lack sufficient specific and quantifiable data about the company's overall operations. While one article mentions a community solar project by Genie Energy that offsets over 3,500 metric tons of carbon annually.
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This single data point is insufficient to quantify the net health effect of the firm's principal goods or services or the overall scale of its health externalities relative to its total operations, which also include fossil fuels.
Fair Money & Economic Opportunity
0
No evidence available to assess Genie Energy Ltd. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
10
The CEO to median employee pay ratio for 2024 was 78:1
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, with the CEO receiving $3,473,746
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and the median employee receiving $44,437
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. Employee engagement, based on an average rating from reviews, is 3.54 out of 5
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.
Fair Trade & Ethical Sourcing
0
Genie Energy's business model as an energy services provider and in oil and gas exploration means it does not procure physical commodities typically associated with fair-trade certifications or the specific high-risk materials (e.g., conflict minerals, uncertified palm oil) mentioned in the rubric. The company's renewable electricity supply is 100% matched with Renewable Energy Certificates (RECs).
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, and green natural gas products are matched with carbon offset certificates, which relate to environmental attributes of energy supply. Genie Energy has a Code of Business Conduct and Ethics for all employees
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,
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and states it adheres to a rigorous code of business ethics and transparency.
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However, no evidence specifies the percentage of supplier contracts that include enforceable ethical-sourcing clauses. The company also has a 'Veterans and Special Needs Program' that incentivizes sales and business development partners to offer incentives for veterans and individuals with special needs in their employ
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, but this is not a measure of procurement budget directed to diverse suppliers.
Honest & Fair Business
0
No specific, quantifiable data was found in the provided articles to assess Genie Energy Ltd. against any of the 'Honest & Fair Business' KPIs.
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While a complaint was filed by the Illinois Attorney General against Residents Energy, a GRE subsidiary, regarding marketing practices, this is an allegation and not a regulatory fine with a specified value.
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The company denies these allegations.
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Therefore, no KPIs could be scored.
Kind to Animals
0
No evidence was found in the provided articles regarding Genie Energy Ltd.'s practices related to animal testing, animal-derived ingredients, animal agriculture, habitat conservation, or any other activities relevant to the 'Kind to Animals' KPIs. The articles do not contain specific, concrete data points for any of the defined KPIs.
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No War, No Weapons
0
No evidence available to assess Genie Energy Ltd. on No War, No Weapons.
Planet-Friendly Business
0
No specific, company-wide, quantitative data was found in the provided articles to assess Genie Energy Ltd.'s performance against any of the Planet-Friendly Business KPIs. The articles primarily describe the company's involvement in financing and developing individual solar energy projects through its divisions, such as a 4 MW community solar array in Perry, NY, and the acquisition of site rights for a 6.25 MW and a 3 MW community solar project in New York.
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While these projects are stated to reduce carbon emissions (e.g., over 3,500 metric tons annually for the 4 MW array), this information pertains to specific projects rather than the overall operational footprint or sustainability metrics of Genie Energy Ltd.
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There is no evidence regarding the company's total emissions, renewable energy consumption, environmental targets, or other detailed environmental performance indicators.
Respect for Cultures & Communities
0
No specific, concrete data points were found in the provided articles regarding Genie Energy Ltd.'s performance on any of the KPIs related to Respect for Cultures & Communities. The articles consist of job postings
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,
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, career pages
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, employee reviews
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, and a general article about Indigenous rights
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, none of which contain quantitative or qualitative evidence applicable to the company's practices in this area.
Safe & Smart Tech
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Data retention is for contract periods and up to 3 years after termination.
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Users can request access, review, verify, or correct their personal information by contacting support.
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Users can change or withdraw consent to marketing communications by contacting support.
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Access may be denied based on legal or regulatory requirements.
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Data is collected when users enroll, sign up for products/services, access websites, contact support, or provide feedback/comments, and is used for product development, marketing, contract enforcement, fraud prevention, and legal compliance.
5
Zero Waste & Sustainable Products
0
No specific, quantitative data points related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability scores, waste audit frequency, zero-waste certifications, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education were found in the provided articles.
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