Israel Electric Corporation Sustainability Profile
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 23 is lower than 58% 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 22.2 billion kg CO2e, comprising about 21.1 billion kg CO2e from Scope 1 and about 1.1 billion kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions were reported at approximately 3.6 billion kg CO2e. This data reflects a comprehensive approach to emissions reporting, as IEC disclosed emissions across all three scopes. Despite the significant emissions figures, there are currently no specific reduction targets or climate pledges documented for IEC. The corporation has not cascaded any targets from parent or related organizations, indicating that its climate commitments are independently managed. IEC's emissions data highlights the challenges faced by the energy sector in reducing carbon footprints while meeting growing energy demands. The corporation's commitment to transparency in emissions reporting is crucial for stakeholders and aligns with industry standards for climate accountability.
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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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
How Carbon Intensive is Israel Electric Corporation's Industry?
How Carbon Intensive is Israel Electric Corporation's Location?
Israel Electric Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Israel Electric Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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