Bank Hapoalim Sustainability Profile
Bank Hapoalim, officially known as Bank Hapoalim B.M., is a leading financial institution headquartered in Tel Aviv, Israel. Established in 1921, it has grown to become one of the largest banks in the country, with a significant presence in both retail and corporate banking sectors. The bank operates extensively across Israel and has a notable international footprint, serving clients in key global markets. Specialising in a wide range of financial services, including personal banking, investment solutions, and wealth management, Bank Hapoalim is recognised for its innovative approach and customer-centric offerings. The bank has achieved numerous accolades, solidifying its position as a trusted leader in the Israeli banking industry. With a commitment to excellence and a focus on technological advancement, Bank Hapoalim continues to set benchmarks in the financial sector.
DitchCarbon Score
How does Bank Hapoalim'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 Financial Intermediation 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
Bank Hapoalim's score of 27 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Hapoalim's reported carbon emissions
In 2020, Bank Hapoalim reported total carbon emissions of approximately 45,003,000 kg CO2e, comprising 4,439,000 kg CO2e from Scope 1, 39,591,000 kg CO2e from Scope 2, and 973,000 kg CO2e from Scope 3 emissions. This represented a decrease from 2019, where total emissions were about 47,874,000 kg CO2e. The bank has disclosed emissions data for all three scopes in recent years, demonstrating transparency in its environmental impact. Despite these figures, Bank Hapoalim has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from a parent company, indicating that it operates independently in its reporting and climate strategies. The bank's carbon footprint intensity per employee was reported at about 5,800 kg CO2e in 2020, and its carbon emissions per square meter were approximately 169 kg CO2e. These metrics provide insight into the bank's operational efficiency and environmental impact per unit of output. Overall, while Bank Hapoalim has made strides in emissions reporting, it currently lacks defined reduction targets or commitments to significant climate initiatives.
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| 2010 | 2011 | 2012 | 2013 | 2014 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 19,386,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 70,409,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 16,962,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
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Bank Hapoalim's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank Hapoalim has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
