Climate Change Data

Ratio Energies

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:17,508 tCO2e (Scopes 1, 2, and 3)
Scope 1 Emissions:72 tCO2e
Scope 2 Emissions:0 tCO2e
Scope 3 Emissions:17,436 tCO2e
Renewable Energy Share:30% (of leased vehicles)
Total Energy Consumption:60,000 kWh
Water Consumption:96 m3
Waste Generated:915 kg paper, 1,420 kg plastic packaging, 490 drink bottles, 30 electronic products
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Greenhouse gas emissions to production ratio remained below 2 kg CO2e/boe.
  • 30% of leased vehicles are electric (0% in 2021).

Social Achievements

  • Increased women's representation in the workforce to 48.5% and in management to 44%.
  • Donated NIS 1.2 million to the community (NIS 961,000 in 2021).
  • Donated NIS 850,000 to academia for research (NIS 500,000 in 2021).

Governance Achievements

  • Maintained 38% female representation on the board.
  • Maintained 38% external directors.
  • Zero reported business ethics violations.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Reducing Scope 1 and 2 emissions.
  • Transitioning away from fossil fuels.
Mitigation Strategies
  • Investing in the reduction of Scope 1 and 2 emissions.
  • Exploring initiatives in renewable energies.
  • Purchasing carbon credits and investing in carbon avoidance projects.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • 96% of main suppliers are local.

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: GRI Standards

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 8 (Decent work and economic growth)
  • Goal 9 (Industry, innovation, and infrastructure)
  • Goal 13 (Climate action)

Ratio's activities contribute to these goals through the Leviathan project and community initiatives.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:9,992 tCO2e (net)
Scope 1 Emissions:29.5 tCO2e
Scope 2 Emissions:0 tCO2e
Scope 3 Emissions:15,963 tCO2e (Ratio's share of Leviathan)
Renewable Energy Share:100% (Scope 2)
Total Energy Consumption:100,000 kWh
Water Consumption:78.84 m3
Waste Generated:1,460 kg paper, 1,840 kg plastic packaging, 480 drink bottles, 15 electronic products
Carbon Intensity:<2 kg CO2e/boe

ESG Focus Areas

  • Greenhouse Gas Emissions
  • Climate adaptation, resilience, and transition
  • Occupational health and safety
  • Employment practices
  • Non-discrimination and equal opportunity
  • Economic impacts
  • Anti-competitive practices
  • Anti-corruption
  • Payments to government

Environmental Achievements

  • Achieved carbon neutrality (Scopes 1 & 2) by offsetting Scope 1 carbon footprint and 38% of Scope 3 emissions (from Leviathan project). 100% of headquarters' energy consumption (Scope 2) was from renewable sources.
  • Greenhouse gas emissions to production ratio remained under 2 kg CO2e/boe.
  • 71% of leased vehicles are electric (up from 30% in 2022).

Social Achievements

  • Increased contributions to community causes, nearly doubling the budget in response to the October 7th conflict.
  • Donated NIS 2.8 million to the community (up from NIS 1.2 million in 2022).
  • Donated US$ 0.25 million to academia for research.
  • 0 material safety accidents in the operation of the Leviathan project.
  • 56% female representation among employees (up from 48.5% in 2022), 44% women in management.

Governance Achievements

  • 38% female representation on the board of directors.
  • 38% external directors.
  • 50% of board members have accounting and financial expertise.
  • 0 reported business ethics violations.

Climate Goals & Targets

Long-term Goals:
  • Reduction of emissions by 2050

Environmental Challenges

  • October 7th conflict and its impact on operations and employees.
  • Global energy crisis and market instability.
Mitigation Strategies
  • Ensured Leviathan project remained a stable gas source.
  • Offered employees flexible working hours, debriefing sessions, and increased work-from-home options.
  • Increased community contributions.
  • Updated business continuity plan.

Supply Chain Management

Responsible Procurement
  • 89% of main suppliers are local

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI 2021 Standards

Third-party Assurance: Shibolet ESG

UN Sustainable Development Goals

  • Goal 7: Affordable and clean energy
  • Goal 8: Decent work and economic growth
  • Goal 9: Industry, innovation, and infrastructure
  • Goal 13: Climate action

Leviathan project provides energy, contributes to economic growth, fosters innovation, and reduces GHG emissions.