Oil Refineries Ltd.
Oil Refineries Ltd., commonly referred to as Bazan Group, is a leading player in the oil refining industry, headquartered in Haifa, Israel. Established in 1955, the company has grown to become a significant contributor to the region's energy sector, with major operations across Israel and surrounding areas. Specialising in the refining of crude oil, Oil Refineries Ltd. produces a diverse range of high-quality petroleum products, including gasoline, diesel, and jet fuel. The company is recognised for its commitment to innovation and sustainability, employing advanced technologies to enhance efficiency and reduce environmental impact. With a strong market position, Oil Refineries Ltd. has achieved notable milestones, including strategic partnerships and expansions that bolster its competitive edge. As a cornerstone of Israel's energy infrastructure, the company continues to play a vital role in meeting the region's energy needs while prioritising safety and environmental stewardship.
DitchCarbon Score
How does Oil Refineries 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 Crude Oil Extraction 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
Oil Refineries Ltd.'s score of 7 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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Oil Refineries Ltd.'s reported carbon emissions
In 2024, Oil Refineries Ltd. reported carbon emissions of approximately 3,000,000 kg CO2e, all of which fall under Scope 1 emissions, specifically from stationary combustion. This represents a decrease from 2023, when emissions were about 3,834,000 kg CO2e. In 2022, the company recorded emissions of approximately 3,300,000 kg CO2e. Despite these figures, Oil Refineries Ltd. has not set any specific reduction targets or initiatives as part of their climate commitments, nor do they participate in the Science Based Targets initiative (SBTi). The company has not disclosed any emissions data for the years 2021 and 2020. Overall, while Oil Refineries Ltd. has shown a reduction in emissions over the past two years, their lack of formal climate pledges or reduction targets indicates a need for further commitment to sustainability and carbon reduction strategies.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 3,300,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | - |
| 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.
Oil Refineries Ltd. 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.
