- Swords of Iron War significantly impacted customers, employees, and the community
- High costs of living and inflation burdened customers
- Climate change poses physical and transition risks
Bank Hapoalim
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Bank Hapoalim disclosed greenhouse gas emissions of 37.1K tCO2e/year (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
37.1K tCO2e/year (2023)
2023
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 37.1K tCO2e/year (2023) |
| 2022 | 38.9K tCO2e/year |
| 2021 | 41.0K tCO2e/year |
| 2019 | 53.1K tCO2e/year |
| 2018 | 58.3K tCO2e/year (2018) |
| 2017 | 63.9K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced carbon footprint of operational activities by 4.6% compared to 2022
- Emissions intensity per million NIS of credit reduced to 30 tCO2e in 2022 (from 35 tCO2e in 2021)
- Approximately NIS 28.2 billion in balances of credit granted to projects promoting a green environment as of December 31, 2023
- USD 1 billion Green Bonds issued in 2021, fully allocated by June 2023
🎯 Climate & Sustainability Targets
📅 Medium-term
- Increase financing and investments in green projects to NIS 37 billion by 2030
- Reduce operational carbon footprint by 60% relative to 2020 by 2030
- Achieve 15% representation of employees from underrepresented population groups by 2030
- Achieve 50% representation of women in senior management by 2030
🌱 ESG Focus Areas
Financial inclusion and accessibility of servicesSocial and community engagementMobilizing for stakeholders in emergenciesFair and responsible serviceEmployment conditions and appropriate work environmentEmployee development and trainingEnvironmental risk management in financing and investmentsDevelopment of financial products that promote a green environmentReduction of environmental impactsEthics, fairness, and corruption preventionBusiness continuitySystemic risk managementCorporate governance and regulatory complianceInformation security and customer privacyInnovationClimate change