Doral Group Renewable Energy Resources Ltd.
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:117 tCO2e/year (Scope 1 and 2)
Scope 1 Emissions:105 tCO2e/year
Scope 2 Emissions:13 tCO2e/year
Scope 3 Emissions:39 tCO2e/year
Water Consumption:2641.1 m3/year
Carbon Intensity:6.44 MT CO2e / USD Million in 2021
ESG Focus Areas
- Renewable Energy, emissions, and climate change
- Our Employees
- Business Ethics and Compliance
- Innovation and Technology
- Corporate Governance
Environmental Achievements
- Prevention of 125,369 tons of CO2eq emissions in 2021 compared to conventional energy generation
- 144 MWp of commercially operated renewable energy projects and 62 MWp ready to connect in Israel in 2021
- Projected generation of 4,876 GWh of green electricity in 2024
- Development of dual-use projects, saving land resources (1,580 dunams in 2021)
Social Achievements
- Zero workplace accidents in 2021
- 37% of new recruits were women in 2021, 5% over 50
- 30% of suppliers in Israel are from the periphery
- 100% of employees participated in skills development activities with an average of 17.75 training hours per employee
Governance Achievements
- Adoption of a Code of Ethics in the first quarter of 2022
- 100% attendance in board of directors’ committees
- Zero bribery and corruption incidents in 2021
- Implementation of an internal enforcement plan
Climate Goals & Targets
Long-term Goals:
- Net zero emissions
Medium-term Goals:
- Expand Scope 3 emissions reporting by 2024
- Set quantitative targets for reducing emissions
- Implement a five-stage operational decarbonization approach
Short-term Goals:
- Reduce emissions intensity
- Increase women's representation in the company, board, and management to 33% by 2024
- Further develop HR function and appoint a Head of Human Resources
Environmental Challenges
- Limited lifespan of solar panels and the need for environmentally friendly solutions for end-of-life management
- Supply chain disruptions
- Managing the environmental impact of project construction
Mitigation Strategies
- Exploring development and investment in innovative recycling solutions for obsolete solar panels, converters, and batteries
- Implementing strict hygiene and safety policies for employees and subcontractors
- Integrating environmental impact aspects into planning processes (environmental-landscape documents, water run-off management, site restoration)
Supply Chain Management
Responsible Procurement
- Focus on long-term engagements with first-class suppliers
- Intention to apply ESG assessment processes before and during engagements with suppliers
Climate-Related Risks & Opportunities
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI, SASB
Third-party Assurance: Shibolet ESG (Quality Assurance)
UN Sustainable Development Goals
- Goal 7
- Goal 13
- Goal 8
- Goal 9
- Goal 15
Doral's operations contribute to these goals through renewable energy generation, environmental infrastructure development, promoting decent work, fostering innovation, and protecting biodiversity.
Sustainable Products & Innovation
- Green hydrogen generation
- Dual-use solar projects
- Biogas systems
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Renewable Energy
- Sustainability
- Climate Change
- Environmental
- Social
- Governance
Environmental Achievements
- Implementing TCFD guidelines
- Setting a Net Zero target by 2030
Climate Goals & Targets
Medium-term Goals:
- Net Zero target by 2030
Environmental Challenges
- Transitioning to electric vehicles to reduce Scope 1 emissions
- Calculating and presenting Scope 2 emissions using both location-based and market-based methods
Mitigation Strategies
- Preparing a roadmap with steps and initiatives to achieve carbon neutrality by 2030
- Examining the current display of the company's carbon footprint and certificate use
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI (Global Reporting Initiative), SASB (Sustainability Accounting Standard Board), TCFD (Task Force on Climate-related Financial Disclosures), ESRS
Third-party Assurance: AccountAbility