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Genesis joins global EV100 initiative

Commits to 100% electric or hybrid light vehicle fleet by 2020

Genesis Energy has joined The Climate Group’s EV100 initiative which brings together companies from all over the world that are committed to switching their global fleets to electric vehicles to reduce carbon emissions.

Genesis has committed to convert every car in its light vehicle fleet to electric or hybrid by 2020, with the same ambition for 50% of its heavy vehicle fleet by 2025.

Genesis joined EV100 during COP24, this year’s UN climate change conference held in Poland.

In New Zealand, the transport sector accounts for 18% of carbon emissions; globally, the sector is the fastest growing contributor to climate change with businesses owning more than half of all registered vehicles.

Introducing fleet electric vehicles offers an opportunity to curb greenhouse gas emissions along with air and noise pollution, and increases the number of low-emissions vehicles in the New Zealand second-hand-car marketplace.

The Genesis fleet comprises 86 light vehicles smaller than 3,500kg and 82 heavy vehicles, such as LPG delivery trucks.

Genesis has already converted almost half of its light vehicles to hybrid or fully electric vehicles, including the addition of three Hyundai Konas in November.

In 2019, Genesis will introduce charging stations for electric vehicles at its Hamilton and Christchurch corporate offices to encourage staff and customers to charge their own cars on site.

Genesis will also install three chargers at its Tuai, Tokaanu and Tekapo generation sites.

Marc England, CEO of Genesis, says joining the EV100 was a logical next step, following the release in August of Genesis’ Sustainability Framework, which included a goal around EV transition.

“We recognise that climate change is a global challenge that requires international collaboration, which motivated us to join the EV100 group,” said Marc. “In New Zealand, we have a unique carbon emissions profile where 85% of what we generate comes from renewable sources. That means our electric cars will be mostly powered by renewable energy too – an advantage we have over many other countries and one that really enables us to set an example. Our challenge is to continue to increase New Zealand’s renewable energy generation to adjust for demand from electric vehicles.”

Participating companies in the EV100 include Unilever, IKEA Group, Heathrow Airport and Air New Zealand, among others.

Helen Clarkson, CEO, The Climate Group, said: “It’s fantastic to see another New Zealand company step up on electric transport. By joining EV100 and electrifying its light and heavy vehicles, Genesis Energy will lower its emissions and help address air pollution, while increasing market demand for EVs. And with New Zealand already running on 85% renewable electricity, these vehicles will run on cleaner power too – a model we need others to follow.”

About Genesis: Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. It sells electricity, reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online. It is New Zealand’s largest energy retailer with around 500,000 customers. The Company generates electricity from a diverse portfolio of thermal and renewable generation assets located in different parts of the country. Genesis Energy also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New Zealand. Genesis Energy had revenue of $NZ2.3bn during the 12 months ended 30 June 2018. More information can be found atwww.genesisenergy.co.nz

About EV100: EV100 is a global initiative by The Climate Group bringing together forward-looking companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030. The transport sector accounts for approximately 23% of global energy-related greenhouse gas (GHG) emissions. Electric transport offers a major solution, as well as curbing transport related air and noise pollution. With businesses owning over half of all registered vehicles on the road, it is crucial they lead the shift to electric vehicles through their investment decisions and influence on millions of staff and customers worldwide. By setting out their future

EV purchasing requirements on an ambitious timescale, companies can increase demand, drive mass roll-out, and make electric cars more rapidly affordable for everyone. Visit theclimategroup.org/EV100 and follow #EV100 on Twitter.

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