Oil Refineries Ltd. Sustainability Profile
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 70% 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 14,968,000 kg CO2e from Scope 1 sources, specifically from stationary combustion. This marks a decrease from 16,676,000 kg CO2e in 2023, indicating a positive trend in emissions reduction. The company has consistently reported Scope 1 emissions over the past few years, with figures of about 16,590,000 kg CO2e in 2022, 12,485,000 kg CO2e in 2021, and 13,136,000 kg CO2e in 2020. Despite these reductions, Oil Refineries Ltd. has not set specific science-based targets (SBTi) or documented reduction initiatives. The absence of formal climate pledges or reduction targets suggests that while the company is making progress in reducing emissions, it may not yet have a comprehensive strategy in place to address its overall climate impact. The emissions data is not cascaded from any parent organization, indicating that these figures are solely attributed to Oil Refineries Ltd. itself. The company operates within a challenging industry context, where significant emissions reductions are essential for aligning with global climate goals.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 13,136,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Oil Refineries Ltd.'s Industry?
How Carbon Intensive is Oil Refineries Ltd.'s Location?
Oil Refineries 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.
Oil Refineries 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.
