O.Y. Nofar Energy Ltd Sustainability Profile
O.Y. Nofar Energy Ltd., commonly referred to as Nofar Energy, is a prominent player in the renewable energy sector, headquartered in Israel. Founded in 2010, the company has rapidly established itself as a leader in the development and operation of solar energy projects, primarily focusing on photovoltaic systems. With a strong presence in both local and international markets, Nofar Energy has successfully executed numerous large-scale solar installations, contributing significantly to the global shift towards sustainable energy solutions. The company’s core offerings include innovative solar energy solutions that stand out for their efficiency and reliability. Nofar Energy's commitment to quality and sustainability has earned it a notable position in the industry, marked by strategic partnerships and a growing portfolio of successful projects. As a forward-thinking enterprise, Nofar Energy continues to drive advancements in renewable energy, positioning itself at the forefront of the green energy revolution.
DitchCarbon Score
How does O.Y. Nofar Energy Ltd'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 Transmission 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
O.Y. Nofar Energy Ltd's score of 18 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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O.Y. Nofar Energy Ltd's reported carbon emissions
In 2023, O.Y. Nofar Energy Ltd reported total emissions of approximately 1,004,000 kg CO2e, comprising 950,000 kg CO2e from Scope 2 and 88,000 kg CO2e from Scope 3 emissions. Notably, there is no reported data for Scope 1 emissions in this year. The company has shown a significant reduction in emissions from previous years, with Scope 1 emissions recorded at 450,000 kg CO2e in 2022 and 533,000,000 kg CO2e in 2021. This indicates a substantial decrease in direct emissions over the two-year period. Despite these reductions, O.Y. Nofar Energy Ltd currently does not have any documented reduction targets or climate pledges, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The absence of specific climate commitments suggests that the company may be in the early stages of formalising its climate strategy. Overall, O.Y. Nofar Energy Ltd's emissions data reflects a commitment to monitoring and potentially reducing its carbon footprint, although further initiatives and targets would enhance its climate action profile.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 533,000,000 | 000,000 | - |
| Scope 2 | - | - | 000,000 |
| Scope 3 | - | - | 00,000 |
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O.Y. Nofar Energy Ltd'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.
O.Y. Nofar Energy Ltd 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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