Oil Refineries Ltd 2023 AR2
The report outlines Bazan Group's financial and operational performance for 2023, highlighting its transition toward sustainability and innovation in the fuel and polymer sectors. The company advanced its ESG strategy by establishing a dedicated department, publishing its 2022 ESG report in accordance with GRI and SASB standards, and achieving an 84.3% reduction in benzene emissions compared to 2018. Bazan Group also expanded its circular economy initiatives through the acquisition of Carmel Eco, a plastic recycling company, and invested in green hydrogen and biopolymer startups. Despite challenges from the Iron Swords War, the company maintained operational continuity and significantly increased its community donations to support war relief efforts.
Company: Oil Refineries Ltd
Sector: Energy
Country: Israel
Year: 2023
Type: AR2
Pages: 258
Oil Refineries Ltd
Periodic Report
The report outlines Bazan Group's financial and operational performance for 2023, highlighting its transition toward sustainability and innovation in the fuel and polymer sectors. The company advanced its ESG strategy by establishing a dedicated department, publishing its 2022 ESG report in accordance with GRI and SASB standards, and achieving an 84.3% reduction in benzene emissions compared to 2018. Bazan Group also expanded its circular economy initiatives through the acquisition of Carmel Eco, a plastic recycling company, and invested in green hydrogen and biopolymer startups. Despite challenges from the Iron Swords War, the company maintained operational continuity and significantly increased its community donations to support war relief efforts.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees