Ormat Releases 2023 Sustainability Report
Ormat Technologies (NYSE: ORA) has released its 2023 Sustainability Report, highlighting significant ESG achievements. The company's operations helped avoid 2,212,508 metric tons of CO2e emissions compared to local grids. Key accomplishments include establishing an ESG Board Committee, achieving a 28% reduction in GHG emissions intensity from 2019 baseline, and a 17% absolute reduction. The company also completed Scope 3 emissions mapping and contributed $1.3 million to global community development projects.
The report, structured according to GRI standards and SASB recommendations, provides detailed insights into Ormat's environmental, social, and governance initiatives, demonstrating their commitment to sustainable renewable energy and global climate action.
Ormat Technologies (NYSE: ORA) ha pubblicato il suo Rapporto sulla Sostenibilità 2023, evidenziando significativi risultati in ambito ESG. Le operazioni dell'azienda hanno contribuito a evitare 2.212.508 tonnellate metriche di emissioni di CO2e rispetto alle reti locali. I principali traguardi includono l'istituzione di un Comitato ESG, una riduzione del 28% dell'intensità delle emissioni di gas serra rispetto al 2019 e una riduzione assoluta del 17%. Inoltre, l'azienda ha completato la mappatura delle emissioni Scope 3 e ha contribuito con 1,3 milioni di dollari a progetti di sviluppo della comunità a livello globale.
Il rapporto, strutturato secondo gli standard GRI e le raccomandazioni SASB, fornisce approfondimenti dettagliati sulle iniziative ambientali, sociali e di governance di Ormat, dimostrando il loro impegno verso un'energia rinnovabile sostenibile e l'azione globale per il clima.
Ormat Technologies (NYSE: ORA) ha publicado su Informe de Sostenibilidad 2023, destacando logros significativos en términos de ESG. Las operaciones de la empresa ayudaron a evitar 2.212.508 toneladas métricas de emisiones de CO2e en comparación con las redes locales. Los logros clave incluyen el establecimiento de un Comité de ESG, alcanzando una reducción del 28% en la intensidad de las emisiones de GHG con respecto a la línea base de 2019, y una reducción absoluta del 17%. La empresa también completó la mapeo de las emisiones Scope 3 y contribuyó con 1,3 millones de dólares a proyectos de desarrollo comunitario a nivel global.
El informe, estructurado de acuerdo con los estándares GRI y las recomendaciones de SASB, proporciona información detallada sobre las iniciativas ambientales, sociales y de gobernanza de Ormat, demostrando su compromiso con la energía renovable sostenible y la acción climática global.
Ormat Technologies (NYSE: ORA)는 2023 지속 가능성 보고서를 발표하고, 중요한 ESG 성과를 강조했습니다. 회사의 운영은 지역 그리드에 비해 2,212,508 메트릭 톤의 CO2e 배출을 피하는 데 기여했습니다. 주요 성과로는 ESG 위원회 설립, 2019년 기준 대비 온실가스 배출 강도 28% 감소 및 17% 절대 감소가 포함됩니다. 또한, 회사는 Scope 3 배출 매핑을 완료하고, 전 세계 커뮤니티 개발 프로젝트에 130만 달러를 기부했습니다.
이 보고서는 GRI 기준 및 SASB 권장 사항에 따라 구조화되어 있으며, Ormat의 환경, 사회 및 거버넌스 이니셔티브에 대한 상세한 통찰을 제공하고, 지속 가능한 재생 가능 에너지 및 글로벌 기후 행동을 향한 그들의 약속을 보여줍니다.
Ormat Technologies (NYSE: ORA) a publié son Rapport de Durabilité 2023, mettant en avant des réalisations ESG significatives. Les opérations de l'entreprise ont permis d'éviter 2 212 508 tonnes métriques d'émissions de CO2e par rapport aux réseaux locaux. Parmi les principales réalisations, on trouve l'établissement d'un Comité ESG, une réduction de 28 % de l'intensité des émissions de GES par rapport à 2019, et une réduction absolue de 17 %. L'entreprise a également achevé la cartographie des émissions de Scope 3 et a contribué à hauteur de 1,3 million de dollars à des projets de développement communautaire à l'échelle mondiale.
Le rapport, structuré selon les normes GRI et les recommandations SASB, fournit des informations détaillées sur les initiatives environnementales, sociales et de gouvernance d'Ormat, démontrant leur engagement en faveur d'une énergie renouvelable durable et de l'action mondiale pour le climat.
Ormat Technologies (NYSE: ORA) hat seinen Nachhaltigkeitsbericht 2023 veröffentlicht, in dem bedeutende ESG-Erfolge hervorgehoben werden. Die Aktivitäten des Unternehmens trugen dazu bei, 2.212.508 metrische Tonnen CO2e-Emissionen im Vergleich zu lokalen Netzen zu vermeiden. Zu den wichtigsten Leistungen gehören die Gründung eines ESG-Ausschusses, eine Reduktion der Treibhausgasemissionsintensität um 28% gegenüber dem Basisjahr 2019 und eine absolute Reduktion um 17%. Das Unternehmen hat auch die Kartierung der Scope 3-Emissionen abgeschlossen und 1,3 Millionen Dollar für globale Gemeinschaftsentwicklungsprojekte beigetragen.
Der Bericht, der nach GRI-Standards und SASB-Empfehlungen strukturiert ist, bietet detaillierte Einblicke in die Umwelt-, Sozial- und Governance-Initiativen von Ormat und demonstriert deren Engagement für nachhaltige erneuerbare Energien und globale Klimaschutzmaßnahmen.
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RENO, Nev., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced the release of its annual Sustainability Report, providing an overview of the Company’s environmental, social, and governance (ESG) performance in 2023.
Key achievements highlighted in the 2023 report include:
- Avoided Emissions: The Company’s operating portfolio avoided a net of 2,212,508 metric tons of CO2e compared to local electricity grids.
- ESG Board Committee: Established a committee dedicated to overseeing and guiding the Board on ESG-related matters.
- GHG Emissions Reduction: Met our target of a
5% annual reduction in Scope 1 and 2 GHG emissions intensity and achieved a28% intensity reduction compared to the 2019 baseline, as well as a17% absolute reduction. - Scope 3 Emissions Mapping: Undertook a comprehensive mapping process of Scope 3 emissions across our value chain.
- Community Support: Donated
$1.3 million to support sustainable community development projects around the world.
Doran Blachar, Chief Executive Officer of Ormat Technologies, stated, “Our 2023 Sustainability Report underscores Ormat’s commitment to the global effort to combat climate change by providing clean, reliable, and sustainable renewable energy. We are dedicated to fostering a positive impact on our employees and communities and embracing sustainability as a core business philosophy. Throughout 2023 we built on our previous advancements to enhance our sustainability efforts, which we believe will strengthen our decision-making, improve risk management, and deepen our engagement with global stakeholders. As we move forward, we remain committed to delivering sustainable, power-generating solutions that support the global transition to a more sustainable future.”
Ormat’s 2023 Sustainability Report is available on the new Sustainability section of the Company’s website at https://www.ormat.com. An executive summary of the report is also available on the website.
The 2023 Sustainability Report has been updated and structured to enhance the clarity of Ormat’s ESG-related activities. The report includes detailed chapters on each of our environmental, social, and governance measures, initiatives, and activities, and it is written according to GRI (Global Reporting Initiative) standards and guided by SASB’s (Sustainability Accounting Standards Board) requirements and recommendations.
ABOUT ORMAT TECHNOLOGIES
With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,500MW with a 1,230MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 270MW energy storage portfolio that is located in the U.S.
ORMAT’S SAFE HARBOR STATEMENT
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words “may”, “will”, “could”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, or “contemplate” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under "Risk Factors" as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 23, 2024, and in Ormat’s subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC.
These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
| Ormat Technologies Contact: Smadar Lavi VP Head of IR and ESG Planning & Reporting 775-356-9029 (ext. 65726) slavi@ormat.com | Investor Relations Agency Contact: Joseph Caminiti or Josh Carroll Alpha IR Group 312-445-2870 ORA@alpha-ir.com |
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