Genie Energy Ltd.
Industry Group: Utilities
Country/Region: United States of America
Identifier: NYS:GNE
Genie Energy, through its subsidiaries, operates as a retail energy provider. It operates two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management. It generates the majority of its revenue from the Genie retail energy segment.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Utilities 660 out of 682
Universe
Global Universe 16110 out of 16216
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
First Philippine Holdings Corp. |
43.4
Severe
|
572 out of 682 |
The Okinawa Electric Power Co., Inc. |
44.8
Severe
|
585 out of 682 |
Odas Elektrik Uretim Sanayi Ticaret AS |
51.8
Severe
|
639 out of 682 |
Genie Energy Ltd. |
54.7
Severe
|
660 out of 682 |
Guangdong Meiyan Jixiang Hydropower Co., Ltd. |
54.9
Severe
|
662 out of 682 |
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Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization's sustainability goals.
Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Genie Energy Ltd.'s Exposure is High
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Genie Energy Ltd.'s Management of ESG Material Risk is Weak
How do the ESG Risk Ratings work?
Controversy Rating
Highest Controversy level that has impacted Genie Energy Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level