We recognize the importance of all stakeholders, including employees and the communities in which we work. Our programs aim to care for the well-being of our employees, while our culture values diversity and inclusion. We also aim to contribute to the strength of our communities through our community giving and volunteer efforts.
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Our Employees
At Genesis Energy, we believe our employees are our most important asset and the cornerstone of our organization. We take steps to attract and retain talented people to safely operate our assets, foster customer relationships, and achieve our long-term goals. We are committed to employee retention, and we encourage our employees to maintain long-term careers at Genesis Energy.
Our compensation programs are integrated with our overall business strategies and management processes to incentivize performance, maximize returns, and build shareholder value. We participate in market surveys as well as work with consultants to benchmark our compensation and benefits programs to help us offer competitive remuneration packages to attract and retain high-performing employees.
To further support our employees, we offer a comprehensive and affordable benefits program that includes medical, dental, vision, life insurance, and disability protection, along with a generous retirement savings plan, including up to six percent matching. We also provide tuition reimbursement, an employee discount program, as well as options for Legal Shield and identity protection. Our benefits package options may vary depending on the type of employee and date of hire. Additionally, we continuously look for ways to improve employee work-life balance and the well-being of our employees and their families.
Diversity and Inclusion
As of December 31, 2022, we employed more than 2,100 individuals and are an equal opportunity employer. We believe that eliminating barriers to employment results in a more plentiful recruiting pool, diverse perspectives to problem-solving, and stronger teams. We maintain a positive work environment by striving to create a strong culture of diversity and inclusion, supported by both our Code of Business Conduct and Ethics and our employment practices.
We have policies in place that reinforce our commitment to diversity and inclusion within the workplace. Our employee handbook includes equal employment opportunity commitments and nondiscrimination and anti-harassment disclosures, which communicate our expectations with respect to maintaining a professional workplace free of harassment. We prohibit discrimination or harassment against any employee or applicant on the basis of sex, race, ethnicity, or any other protected categories. We are committed to a harassment-free workplace, which is further supported through training that covers multiple topics including unconscious bias.
We contract with a third-party provider to advertise our open positions to enhance recruitment of diverse candidates including veterans, people with disabilities, minorities, and women. Diversity data, as self-reported by employees, for the past three years is presented below (data is current as of December 31 of each year).
Women and Minorities in Our Workforce
1 As defined by the U.S. Equal Employment Opportunity Commission (EEOC).
2 As ethnic declaration is voluntary, ethnicity declaration rate is not 100% and all calculations are based on an employee declaration rate of 98% as of December 2022. The 2% of our workforce who have not provided data or have chosen not to declare their ethnicity were not included in our calculations.
Note: The data appearing above is an approximation and is expected to fluctuate and change year over year. It should not be interpreted as being indicative of trends or guarantees of future results. Genesis Energy expressly disclaims any representation or warranty as to the accuracy or completeness of such data. The data may be modified, updated, changed, deleted, or supplemented from time to time without notice.
Collective Bargaining Agreements
Genesis recognizes the right to organize and the right of unions to represent and negotiate on behalf of workers. We respect the rights of all workers to form and join unions of their own choice and to bargain collectively.
As of December 31, 2022, approximately 700 of our employees were covered under collective bargaining agreements. These collective bargaining agreements cover wage increases and other benefits, including the defined benefit pension plan, the post-employment benefit plan, and the enhanced 401(k) retirement savings plan. We consider our relationship with the union strong, and our relationship with our employees, including those covered by collective bargaining agreements, to be in good standing.
Training and Development
Our success as a company is measured by the successful performance of our employees in their respective roles. Thus, we provide training and equipment intended to allow each employee to perform his or her job functions safely and in compliance with all laws, regulations, and internal procedures.
We develop our employees through performance management processes, regular coaching, and supervisory and leadership training while also offering a tuition reimbursement program. Our annual performance management cycle enables managers and employees to collaborate to set performance goals and development objectives that align to business objectives. We also provide in-house health and safety training and emergency response training. Employee attendance at external workshops, conferences, and other training events is also encouraged.
Our Communities
Our neighbors, communities, and local governments play an important role in how we conduct our business at Genesis. We strive to build and maintain strong relationships in all areas where we operate. We believe in two-way engagement and dialogue with local stakeholders to build trust and foster collaboration. Community members are encouraged to report issues, complaints, or concerns through our Compliance and Ethics Hotline.
Community Development
Genesis strives to positively impact the communities where we live and work by promoting economic and community development. We accomplish this goal by:
- Hiring locally and providing a competitive compensation and benefits package;
- Providing on the job training;
- Sourcing vendors and suppliers from the communities in which we operate;
- Bolstering local revenues through property and sales taxes; and
- Providing monetary donations to hospitals, educational institutions, and other organizations that support the empowerment of community members and align with our corporate giving values.
Investing in the communities in which we work is a mutually beneficial proposition. We focus our donations in five main areas where we believe we will have the most impact: community support, safety and emergency responder support, community development, environmental conservation, and education. We look for local institutions, programs, and projects that:
- Align with our business goals, philosophies, and values
- Make a distinctive contribution with measurable impact
- Provide opportunities to collaborate with business partners and/or community leaders and other stakeholders
Read more about our corporate giving initiatives below.
| Community Support | We provide monetary donations to local food banks to help support our local communities. These donations provide thousands of meals across the Gulf Coast and in Wyoming. Some of the other organizations that we support include: Houston’s Be A Resources for CPS Kids (BEAR), the United Way, the Muscular Dystrophy Association, and Cowboys Against Cancer. |
| Safety and Emergency Responder Support | We support safety and emergency responders through donations to the Seamen’s Church Institute, local Volunteer Fire Departments, the Red Cross, the United States Coast Guard Foundation, and Firehouse Sub Public Safety Foundation. |
| Community Development | We support the development of our communities through various means, including the Memorial Hospital of Sweetwater in Wyoming through the Memorial Hospital Foundation. The Foundation secures financial resources for the development, growth, and operation of the Memorial Hospital of Sweetwater. Our support of Climb Wyoming helps low-income single mothers with career training and placement. |
| Environmental Conservation | We support environmental conservation in Galveston, Texas and throughout the Gulf Coast through the Galveston Bay Foundation and the Conservation Fund. These organizations work to preserve and restore critical environments. Our targeted contributions to the Wyoming Wildlife Foundation have provided for the construction of conservation fencing around our Granger facility to protect and preserve natural habitat. |
| Education | We support educational organizations to help bolster opportunities for future generations. We participate in Junior Achievement in Houston, Texas and Baton Rouge, Louisiana to help prepare children to succeed in the global economy. Our donations to the University of Wyoming, have helped build a new process control lab. Other educational organizations that we support include: the Western Wyoming College Foundation and the Wyoming Association of Community Colleges. |
Note: The data appearing in the graph above is an approximation and is expected to fluctuate and change year over year. It should not be interpreted as being indicative of trends or guarantees of future results. Genesis Energy expressly disclaims any representation or warranty as to the accuracy or completeness of such data. The data may be modified, updated, changed, deleted, or supplemented from time to time without notice.
Employee Volunteerism
We encourage our employees to volunteer and give back to the community by offering company organized opportunities to partner with local charities and programs. These events help strengthen our relationships with local stakeholders in our communities. Our volunteer program includes events working with local food banks, education, and environmental organizations.
Indigenous Peoples
While Genesis Energy does not currently have operations located on federally recognized tribal lands, we acknowledge the legal rights of indigenous peoples and the importance of their culture. Should our future operations require permits or other rights to operate on, in, or near land belonging to indigenous peoples, we are committed to communicating and cooperating in good faith and will work to build long-term relationships with those who could be impacted by our operations.
Our Suppliers
At Genesis Energy, we value our business partners and recognize that our mutual success is built on open communication and a commitment to common principles and business standards and practices. Our expectation is that all of our contractors, subcontractors, suppliers, vendors, consultants, and business partners adhere to the standards set forth in our Code of Business Conduct and Ethics and our Supplier Code of Conduct.
Sustainability Questions
Have questions? Please contact our Investor Relations department directly.
