Harel Insurance Investments And Financial Services
Harel Insurance Investments and Financial Services, commonly referred to as Harel Group, is a leading financial services provider headquartered in Israel (IL). Established in 1935, the company has grown to become a prominent player in the insurance and investment sectors, offering a diverse range of products and services tailored to meet the needs of individuals and businesses alike. With a strong presence across major operational regions in Israel, Harel Group excels in life insurance, health insurance, pension funds, and investment management. Its unique approach combines innovative financial solutions with a commitment to customer service, setting it apart in a competitive market. Over the years, Harel has achieved significant milestones, solidifying its position as one of Israel's largest insurance and financial services firms, renowned for its reliability and comprehensive offerings.
DitchCarbon Score
How does Harel Insurance Investments And Financial Services's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Harel Insurance Investments And Financial Services's score of 25 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Harel Insurance Investments And Financial Services's reported carbon emissions
Harel Insurance Investments and Financial Services, headquartered in Israel, reported its carbon emissions data for the year 2020, revealing a total of approximately 3,370,000 kg CO2e in Scope 1 emissions and about 7,400,000 kg CO2e in Scope 2 emissions. This indicates a significant operational footprint, with a combined total of approximately 10,770,000 kg CO2e for these two scopes. In previous years, the company reported a GHG emission intensity of about 2,320 kg CO2e per employee in 2020, down from approximately 2,700 kg CO2e per employee in 2019 and 2,730 kg CO2e per employee in 2018. This trend suggests a gradual improvement in emissions efficiency relative to employee count. Despite these figures, Harel Insurance has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon emissions. The absence of documented climate pledges or SBTi (Science Based Targets initiative) commitments indicates that the company may still be in the early stages of formalising its climate strategy. Overall, while Harel Insurance has made strides in improving its emissions intensity, the lack of clear reduction targets highlights an opportunity for the company to enhance its climate commitments and align with industry standards for sustainability.
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| 2020 | |
|---|---|
| Scope 1 | 3,370,000 |
| Scope 2 | 7,400,000 |
| Scope 3 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Harel Insurance Investments And Financial Services is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
