Bank Mizrahi Tefahot
Bank Mizrahi Tefahot, one of Israel's leading financial institutions, is headquartered in Tel Aviv. Established in 1923, the bank has a rich history and has evolved to become a key player in the Israeli banking sector, primarily serving the residential mortgage market. With a strong focus on retail banking, Bank Mizrahi Tefahot offers a range of core products and services, including personal loans, savings accounts, and investment solutions, distinguished by their customer-centric approach and innovative digital banking platforms. The bank has consistently maintained a robust market position, recognised for its commitment to excellence and customer satisfaction. As a pioneer in the mortgage sector, Bank Mizrahi Tefahot continues to shape the financial landscape in Israel, catering to the diverse needs of its clientele across the country.
DitchCarbon Score
How does Bank Mizrahi Tefahot'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 Mizrahi Tefahot's score of 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Mizrahi Tefahot's reported carbon emissions
In 2023, Bank Mizrahi Tefahot reported total carbon emissions of approximately 20,884,000 kg CO2e. This figure includes 2,095,000 kg CO2e from Scope 1 emissions, 18,167,000 kg CO2e from Scope 2 emissions (market-based), and 622,000 kg CO2e from Scope 3 emissions. Over the years, the bank has shown a commitment to reducing its carbon footprint, with emissions in 2022 recorded at about 21,149,000 kg CO2e, indicating a slight decrease in total emissions. The bank's emissions intensity has also improved, with carbon footprint intensity per employee at approximately 2,595 kg CO2e in 2023, down from 2,727 kg CO2e in 2022. Despite these reductions, there are currently no specific reduction targets or climate pledges disclosed by the bank, which suggests a need for further commitment to formal climate initiatives. Overall, Bank Mizrahi Tefahot is making progress in managing its carbon emissions, but the absence of defined reduction targets highlights an opportunity for enhanced climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,917,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 20,185,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 661,000 | 000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
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.
Bank Mizrahi Tefahot is not committed to any reduction initiatives 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.
