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 30 is higher than 79% 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. This figure includes about 21,101,205,000 kg CO2e from Scope 1 emissions and approximately 1,078,577,000 kg CO2e from Scope 2 emissions. The total emissions for 2022 were higher, at about 25,581,083,000 kg CO2e, with Scope 1 emissions at approximately 24,323,722,000 kg CO2e and Scope 2 emissions at around 1,257,361,000 kg CO2e. IEC has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of Scope 3 emissions data indicates a potential area for future reporting and improvement. The corporation's carbon intensity for electricity generation has shown slight variations over the years, with a reported carbon intensity of 0.586 grams per kWh in 2023, down from 0.614 grams per kWh in 2022. Overall, while IEC has made strides in emissions reporting, the lack of defined reduction targets suggests an opportunity for enhanced climate action and transparency in their sustainability efforts.
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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.
