NewMed Energy – Limited Partnership
Climate Impact & Sustainability Data (2021, 2022-01 to 2022-06)
Reporting Period: 2021
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
- Environmental Risks and Management
- Safety
Environmental Achievements
- No specific quantified achievements mentioned in the report.
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
- Covid-19 pandemic impact on global and local economy, affecting demand and prices of natural gas.
- Fluctuations in linkage components in natural gas price formulas.
- Extensive regulation in the oil and natural gas sector.
- Supply and demand conditions in international and local markets.
- Climate change and government policies to reduce greenhouse gas emissions.
Mitigation Strategies
- The report mentions the company's awareness of these challenges and their potential impact, but doesn't detail specific mitigation strategies beyond general statements about using best available technologies and complying with regulations.
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: 2022-01 to 2022-06
Environmental Metrics
Governance Achievements
- Updated compensation policy for officers of the Partnership and the General Partner approved.
- New arrangement regarding the Partnership's management expenses approved.
Climate Goals & Targets
Environmental Challenges
- Global energy crisis due to the war in Ukraine.
- Inflation and rising interest rates.
- Legal disputes (e.g., with Energean, class action lawsuits).
- Environmental compliance issues (e.g., marine discharge permit violations).
Mitigation Strategies
- Examining possibilities for increasing natural gas export.
- Negotiating settlements in legal disputes.
- Addressing environmental compliance issues with the Ministry of Environmental Protection.
- Implementing a bond buyback plan.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IAS 34
Third-party Assurance: Kost Forer Gabbay & Kasierer Certified Public Accountants, Ziv Haft Certified Public Accountants