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 67% 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 carbon emissions of approximately 1,004,000 kg CO2e, which includes 950,000 kg CO2e from Scope 2 emissions and 88,000 kg CO2e from Scope 3 emissions. The company has not disclosed any Scope 1 emissions data for this year. In 2022, the company reported Scope 1 emissions of 450,000 kg CO2e, while in 2021, Scope 1 emissions were significantly higher at 533,000,000 kg CO2e. This indicates a substantial reduction in Scope 1 emissions over the two-year period. Despite these figures, O.Y. Nofar Energy Ltd has not set any specific reduction targets or climate pledges, nor do they appear to be part of any recognised initiatives such as the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests that the company may be in the early stages of formalising its climate commitments. Overall, while O.Y. Nofar Energy Ltd has made progress in reducing its emissions, particularly in Scope 1, the lack of comprehensive climate commitments or targets indicates an opportunity for further engagement in climate action.
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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.
