- Covid-19 pandemic affected operations and customer needs.
- Increased cyber fraud and money laundering through digital means.
First International Bank Group
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, First International Bank Group disclosed greenhouse gas emissions of 12.0K tCO2e/year (Scope 1: 1647 tCO2e Scope 2: 9444 tCO2e Scope 3: 922 tCO2e). By scope: Scope 1: 1.6K tCO2e/year; Scope 2: 9.4K tCO2e/year; Scope 3: 922 tCO2e/year. 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
12.0K tCO2e/year (Scope 1: 1647 tCO2e Scope 2: 9444 tCO2e Scope 3: 922 tCO2e)
2021
Renewable Energy
1.5% of total energy use
of total energy
Water Usage
48.9K m3/year
2021
Waste
364.45 tons/year (paper and cardboard recycled)
2021
Energy Use
22.5M kWh/year
2021
📊 Emissions by Scope (2021)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.6K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 9.4K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 922 tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Consumed more than 300,000 kWh of self-produced solar energy in the MATAF building
- Increased the number of hybrid vehicles in the Group’s vehicle fleet over tenfold compared to 2020
- Balance of credit provided for projects promoting environmental sustainability amounted to approx. NIS 657 million at the end of 2021.
- Total electricity consumption decreased by approx. 3% compared to 2020.
- Reduced water consumption by approx. 7%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- 90% of investment advisors to undergo ESG training by 2025.
- At least 75% of managers to participate in strength skills training over two years.
- Complete process of identifying securities with significant environmental and social impact by 2025.
- Integrate ESG aspects into securities analysis by 2025.
- 25% of new nostro investments in private investment funds to be made through funds with an ESG investment management policy by 2025.
🌱 ESG Focus Areas
EnvironmentSocialGovernance