OPC Energy Ltd.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:3,580,058 tCO2e/year
Scope 1 Emissions:1,493,510 tCO2e/year (Israel); 2,082,876 tCO2e/year (CPV share)
Scope 2 Emissions:2,726 tCO2e/year (Israel); 946 tCO2e/year (CPV share)
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:374,757 m3/year (Israel); 12,899,009 m3/year (CPV)
Waste Generated:20.32 tons hazardous waste; 3,766 tons general waste (Israel)
Carbon Intensity:369 gCO2e/kWh (Israel); 349 gCO2e/kWh (CPV)
ESG Focus Areas
- Reducing GHG emissions
- Air quality
- Climate risk
- Water management
- Health and safety in the workplace
- Diversity, equality and inclusion (DEI)
- Human capital and development
- Community relations and impact
- Ethics
- Compliance with regulations
- Risk management
- Cybersecurity and data privacy
Environmental Achievements
- 17% reduction in Scope 1 and Scope 2 emissions from Israel operations compared to 2021
- 4% reduction in operations intensity (ratio of greenhouse gases emitted to energy produced) in Israel operations in 2022 compared to 2021
- 15% decrease in water use at OPC Israel from 2021 to 2022
- Zero deviations from emissions allowed under licensing permits in Israel in 2021 and 2022
- Zero incidents of non-compliance associated with water quality permits, standards, or regulations in 2022
Social Achievements
- 43% representation of women in C-suite management of OPC Energy
- 26% growth in employees at OPC Israel in 2022
- 28% growth in employees at CPV in 2022
- 100% of employees received training on governance topics: Code of Ethics, anti-bribery, Securities and trading compliance, anti-fraud, cybersecurity.
- 8.7% increase in employees from underrepresented groups in Israel (Israeli Arabs, Israelis of Ethiopian origin, people with disabilities)
- Zero complaints filed regarding harassment or discrimination
Governance Achievements
- Established an organizational ESG governance structure including: Board ESG committee, Combined OPC & CPV ESG executive leadership team, 2 ESG steering Committees (Israel & US), ESG working group, Joint Carbon Committee
- Zero reported violations of our Code of Ethics
- Zero fines due to violations of the law
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- CPV targets a 25% reduction in Scope 1 emissions intensity by 2030
Short-term Goals:
- Achieve a Zero-incident safety culture
- Maintain TRIR (Total recordable incident rate) level of 1.5 in 2024
- Maintain 100% employee training on Code of Ethics and zero reported ethical violations
Environmental Challenges
- Transitioning to a low-carbon economy requires unprecedented effort across multiple stakeholders.
- Managing risks related to safety, cybersecurity, and compliance.
Mitigation Strategies
- Developed a comprehensive ESG strategy and workplan.
- Defined an ESG governance structure to oversee the development and implementation of the ESG strategy.
- Implemented extensive internal audit programs for safety and compliance.
- Established a whistleblower hotline.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Preference for local suppliers (over 90% in Israel)
- Supplier requirements include valid licenses, permits, proper employment conditions, and compliance with OPC's anti-corruption policy.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of renewable energy projects and carbon capture projects
Reporting Standards
Frameworks Used: GRI, SASB
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 7
- SDG 8
- SDG 9
- SDG 13
OPC's activities contribute to these goals through providing reliable energy, promoting economic growth, fostering innovation, and taking action to combat climate change.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed