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 26 is lower than 52% 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 21,101,205,000 kg CO2e from Scope 1 and 1,078,577,000 kg CO2e from Scope 2, resulting in a combined total of about 22,179,783,000 kg CO2e. This marks a reduction from 2022, where emissions were approximately 24,323,722,000 kg CO2e for Scope 1 and 1,257,361,000 kg CO2e for Scope 2, leading to a total of about 25,581,083,000 kg CO2e. Over the years, IEC has shown fluctuations in emissions, with 2021 figures at approximately 23,989,635,000 kg CO2e (Scope 1) and 1,228,350,000 kg CO2e (Scope 2), totalling around 25,217,985,000 kg CO2e. The highest recorded emissions were in 2019, with about 29,761,504,000 kg CO2e (Scope 1) and 1,391,330,000 kg CO2e (Scope 2), totalling approximately 31,152,834,000 kg CO2e. Despite these figures, IEC has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The corporation's emissions data is self-reported and does not appear to be cascaded from any parent organisation. IEC's carbon intensity for electricity production has also varied, with a reported carbon intensity of 0.586 grams per kWh in 2023, down from 0.614 grams per kWh in 2022. This indicates a slight improvement in the efficiency of their electricity generation processes. Overall, while IEC has made some progress in reducing its carbon emissions, the absence of formal reduction targets suggests a need for more structured climate commitments moving forward.
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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 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
