Bank Leumi Sustainability Profile
Bank Leumi, officially known as Bank Leumi Le-Israel B.M., is a prominent financial institution headquartered in Israel. Established in 1902, it has grown to become one of the largest banks in the country, with a significant presence in both domestic and international markets. The bank operates primarily in the banking and financial services industry, offering a diverse range of products including personal banking, corporate finance, and investment services. With a commitment to innovation, Bank Leumi has introduced unique digital banking solutions that enhance customer experience. The bank's strong market position is underscored by its extensive network of branches and ATMs across Israel and key operational regions worldwide. Notable achievements include its role in supporting Israel's economic development and its ongoing efforts to integrate sustainable practices into its operations.
DitchCarbon Score
How does Bank Leumi'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 Leumi's score of 43 is higher than 63% 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 Leumi's reported carbon emissions
In 2023, Bank Leumi reported total carbon emissions of approximately 28.9 million kg CO2e. This figure includes Scope 1 emissions of about 4.9 million kg CO2e, Scope 2 emissions of approximately 22.1 million kg CO2e, and Scope 3 emissions of about 1.9 million kg CO2e. The total emissions for 2022 were higher, at approximately 32.1 million kg CO2e, indicating a reduction in emissions year-on-year. Bank Leumi has demonstrated a commitment to reducing its carbon footprint, achieving a 5.7% decrease in emissions from 2019 to 2020, with a reported carbon footprint of 36,320 tonnes CO2e in 2020. This reduction was noted across both Scope 1 and Scope 2 emissions. The bank's emissions data is not cascaded from any parent organisation, and all reported figures are directly sourced from Bank Leumi le-Israel B.M. As part of its climate strategy, Bank Leumi continues to monitor and report its emissions, aligning with industry standards for transparency and accountability in climate commitments.
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| 2020 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 36,320,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 |
| Scope 3 | 38,521,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Bank Leumi's Industry?
How Carbon Intensive is Bank Leumi's Location?
Bank Leumi'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 Leumi 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.
