Israel Electric Corporation
The Israel Electric Corporation (IEC), a leading utility provider in the energy sector, is headquartered in Israel (IL) and serves a diverse range of operational regions across the country. Founded in 1926, IEC has established itself as a cornerstone of Israel's electricity supply, playing a pivotal role in the nation’s infrastructure development. Specialising in the generation, transmission, and distribution of electricity, IEC offers a unique blend of services that cater to both residential and commercial customers. The corporation is renowned for its commitment to innovation and sustainability, continually investing in advanced technologies to enhance energy efficiency. With a strong market position, IEC has achieved significant milestones, including the integration of renewable energy sources into its grid. This dedication to modernisation and reliability solidifies its reputation as a trusted leader in the Israeli energy landscape.
DitchCarbon Score
How does Israel Electric Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Israel Electric Corporation's score of 33 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Israel Electric Corporation's reported carbon emissions
In 2023, the Israel Electric Corporation (IEC) reported total carbon emissions of approximately 22,179,783,000 kg CO2e, with Scope 1 emissions accounting for about 21,101,205,000 kg CO2e and Scope 2 emissions at approximately 1,078,577,000 kg CO2e. This represents a significant reduction from previous years, particularly from 2020, when total emissions were about 28,800,000,000 kg CO2e, comprising 27,500,000,000 kg CO2e in Scope 1 and 1,300,000,000 kg CO2e in Scope 2. IEC has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The corporation has consistently reported emissions across Scopes 1 and 2, with no reported Scope 3 emissions. The carbon intensity of their electricity production has shown variability, with a recent figure of 0.586 grams CO2e per kWh in 2023. Overall, while IEC has made strides in reducing its emissions, further transparency regarding specific reduction targets and initiatives would enhance its climate commitment profile.
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 39,467,669,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 1,568,718,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - | 0,000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Israel Electric Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
