Genesis Energy Limited is an electricity generation and electricity, natural gas and LPG retailing company. It was formed as part of the 1998–99 reform of the New Zealand electricity sector, taking its generation capacity from the breakup of the Electricity Corporation of New Zealand (ECNZ) and taking retail customers from three local power boards in the Lower North Island. The New Zealand Government owns a 51% share of the company.
In 2015, Genesis produced 14% of New Zealand’s electricity, and is the third largest electricity generating company in New Zealand in terms of MW capacity, GWh generation and revenue.
Woke Rating
We rate Genesis Energy as woke.
Woke Summary
- Virtue Signalling – Virtue signalling found.
- Gender Ideology & LGBTQ – Genesis Energy is Rainbow Tick Certified.
- Diversity Equity Inclusion (DEI) – has DEI policies. Applies gender recruitment targets. Genesis is committed to a 40:40:20 gender split (40% male, 40% female, 20% other gender) across the entire workforce.
- Climate Change – Supports the Paris Agreement, Agenda 2030, and has emissions reduction targets. Committed to UN’s Sustainable Development Goals (SDGs).
Woke Policies
Wokeness and virtue signalling distracts a company from its core business, which is to make a profit for shareholders while delivering excellent, affordable products and services to its customers. Businesses should not be distracted from this core purpose, otherwise there will be unnecessary costs which are ultimately passed onto consumers. Woke ideologies are typically unfriendly towards the traditional family unit.
Below are some woke policies and initiatives from Genesis Energy…
Virtue Signalling
“By 2030, empower and promote the social, economic and political inclusion of all“
“Inspiring young people is integral to New Zealand’s low-carbon future”
Gender Ideology & LGBTQ+
“We retained our Rainbow Tick accreditation this year. We have continued to embed the programme – supporting our Pride at Contact networking group to set up for success, building the group’s profile through our inductions and internal communications, and developing plans for education and training for allies.” … “The award comes at the end of a two-year process, during which the company set up an Inclusion Council, refreshed its Diversity and Inclusion Policy, and completed a rigorous evaluation with the Rainbow Tick organisation.”
“The Rainbow Tick shows our employees, customers and the community that Genesis is a progressive, inclusive and dynamic organisation that reflects the people of Aotearoa New Zealand.” … Genesis Energy CEO Marc England
Source: www.genesisenergy.co.nz/about/news/genesis-gains-rainbow-tick
Tokaanu Power Station was lit up in rainbow colours to celebrate the Rainbow Tick certification.
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Diversity, Equity and Inclusion (DEI)
Genesis has DEI policies. Applies gender recruitment targets. Genesis is committed to a 40:40:20 gender split (40% male, 40% female, 20% other gender) across the entire workforce…
“By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status.”
Committed to 40:40:20 gender split – “To manage Senior Leader Gender Diversity, we commit to a 40:40:20 gender split (40% male, 40% female, 20% other gender) across the entire workforce. We have made progress against this over the past few years.”
In 2017 Genesis launched ‘Minding the Gap’, a programme to create transparency about gender pay and to drive change. Genesis have also reported its Pay Equity Gap since 2018 and have published a gender gap statement since 2020.
Source: Genesis Gender Gap Statement
“The Rainbow Tick award comes at the end of a two-year process, during which the company set up an Inclusion Council, refreshed its Diversity and Inclusion Policy, and completed a rigorous evaluation with the Rainbow Tick organisation.”
Climate Change
Committed to the Paris Agreement and 2030 targets.
“Genesis has put achieving a sustainable future, including managing climate-related risks, at the heart of the business. Linking our purpose to a sustainable future brings the management of climate-related risks and opportunities into everything we do.
Our purpose is underpinned by ambitious Science Based Targets, with the goal to remove 1.2 million tonnes of carbon by FY25 from a FY20 base, tied to the international benchmark of limiting global warming to 1.5°C. These targets ensure we can measure our progress and hold ourselves accountable.”
Source: Genesis Climate Risk Report
Positive Policies & Activities
Parental Leave: “At Genesis we understand how important and busy it is being a new parent. Our Parental Leave Benefits include: salary top-up, paid partner parental leave, retention of your annual leave value and the ability to ease back to work when you’re ready.”
The Genesis School-gen Trust is a registered charity to give Kiwi kids access to STEM (Science, Technology, Engineering and Maths) equipment www.genesisschoolgentrust.org.nz/
Note – This page was updated as of 20th May 2024. Please contact us if you’ve discovered other relevant information about Genesis Energy or other businesses pushing woke agendas. You should also contact us if you discover some positively woke-free businesses.