Bank Mizrahi Tefahot Sustainability Profile
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 49 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Bank Mizrahi Tefahot's reported carbon emissions
In 2024, Bank Mizrahi Tefahot reported total carbon emissions of approximately 19,261,000 kg CO2e, with Scope 1 emissions at about 2,212,000 kg CO2e, Scope 2 emissions at approximately 16,113,000 kg CO2e (market-based), and Scope 3 emissions at around 936,000 kg CO2e. This represents a slight decrease from 2023, where total emissions were about 20,884,000 kg CO2e, with Scope 1 at approximately 2,095,000 kg CO2e, Scope 2 at about 18,167,000 kg CO2e (market-based), and Scope 3 at around 622,000 kg CO2e. The bank has set ambitious reduction targets, aiming to decrease its operational carbon footprint and emissions intensity by 40% by 2030, using 2020 as the base year. This target applies to both Scope 1 and Scope 2 emissions, indicating a strong commitment to sustainability and climate action. Data for Bank Mizrahi Tefahot's emissions is cascaded from its parent organization, Mizrahi Tefahot Bank Ltd., reflecting a corporate family relationship. The bank's emissions data and reduction initiatives are part of a broader strategy to enhance environmental performance and align with industry standards for climate responsibility.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,917,000 | 0,000,000 | 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 | 00,000,000 |
| Scope 3 | 661,000 | 000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Bank Mizrahi Tefahot's Industry?
How Carbon Intensive is Bank Mizrahi Tefahot's Location?
Bank Mizrahi Tefahot'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 Mizrahi Tefahot 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.
