Climate Change Data

Delek Group Ltd.

Climate Impact & Sustainability Data (2021, 2023-09-30, 2024-01-01 to 2024-06-30, 2024-09-30)

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • HSE
  • CSR
  • ESG

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero Scope 1 and 2 carbon emissions by 2040 across the combined portfolio
Medium-term Goals:
  • Target a doubling of production from development projects within the existing portfolio by 2030

Environmental Challenges

  • Climate change abatement legislation
  • Numerous and complex environmental, health and safety laws, regulations and other requirements
  • Increased scrutiny around ESG-related considerations
Mitigation Strategies
  • Investing in the transition to a low carbon energy system
  • Maintaining high sustainability standards
  • Complying with all applicable legal and regulatory requirements and applying best practices
  • Targeting net zero Scope 1 and 2 emissions by 2040

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Drought stress
Transition Risks
  • Climate change abatement legislation
  • Changes in investor trends due to ESG considerations
Opportunities
  • Developing renewables and hydrogen projects

Reporting Standards

Frameworks Used: TCFD, SASB, GRI

Reporting Period: 2023-09-30

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • The Iron Swords War in Israel, impacting gas production (Tamar Reservoir temporarily suspended), export operations (EMG pipeline temporarily suspended), and potential damage to infrastructure.
  • Geopolitical risks associated with natural gas export from the Leviathan Reservoir.
  • Potential delays in the Third Pipeline project and condensate flow to the Paz Ashdod Oil Refinery due to the war.
Mitigation Strategies
  • Leviathan Partners supplied natural gas to Tamar Reservoir customers on the local market, mainly Israel Electric Corporation Ltd. (IEC), during the Tamar Reservoir shutdown.
  • Gas supplied to Egypt was transmitted through the Jordanian transmission system during the EMG pipeline suspension.
  • Leviathan Partners are continuing to promote the Third Pipeline project and other operations in accordance with the work plans (though with expected delays).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2024-01-01 to 2024-06-30

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Iron Swords War escalation potentially impacting business and assets.
  • Delays in the Ashdod-Ashkelon offshore transmission system.
  • Disputes between Leviathan Project Partners and INGL regarding the Transmission Agreement.
  • Potential material effect on Ithaca’s capital investment plan due to UK government's extension and increase of the Energy Profit Levy (EPL).
Mitigation Strategies
  • Negotiations with INGL to resume construction works of the Ashdod-Ashkelon offshore transmission system.
  • Process of appointing agreed arbitrators for the dispute with INGL.
  • Ithaca is monitoring the situation regarding the EPL and assessing its impact on capital investment plans.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2024-09-30

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Significant escalation in the Iron Swords War, affecting businesses and assets. Restrictions on equipment and contractors for the Leviathan Project, increasing costs and delaying schedules. Suspension of the Third Pipeline Project. Downgrade of Israel's credit rating by Moody's and S&P Global Ratings.
Mitigation Strategies
  • Negotiations with execution contractor for resumption of work on the Combined Section project. Parties agreed in principle on terms for an arbitration agreement to resolve a dispute between Chevron and INGL. Partnership signed agreements with Airovation Technologies for investment in carbon sequestration technology.

Supply Chain Management

Climate-Related Risks & Opportunities