First International Bank of Israel Ltd., commonly referred to as FIBI, is a prominent financial institution headquartered in Israel. Established in 1971, the bank has grown to become a key player in the Israeli banking sector, offering a wide range of services across retail, corporate, and investment banking. FIBI operates primarily in Israel, with a focus on providing innovative financial solutions tailored to meet the diverse needs of its clients. The bank's core products include personal banking services, business loans, and wealth management, distinguished by their customer-centric approach and advanced digital banking capabilities. With a strong market position, First International Bank of Israel has achieved notable milestones, including recognition for its commitment to customer service and financial stability, making it a trusted choice for individuals and businesses alike in the competitive banking landscape.
How does First International Bank of Israel Ltd'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.
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.
First International Bank of Israel Ltd's score of 28 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, First International Bank of Israel Ltd reported a GHG emissions intensity of approximately 104.5 kg CO2e per square metre, reflecting its operational impact. This figure indicates a decrease from 115.0 kg CO2e/m² in 2021, 120.0 kg CO2e/m² in 2020, and 130.0 kg CO2e/m² in 2019, showcasing a positive trend in emissions management over the years. The bank has not disclosed specific Scope 1, 2, or 3 emissions data, nor has it set formal reduction targets or commitments through initiatives such as the Science Based Targets initiative (SBTi). The emissions data is not cascaded from any parent organization, indicating that First International Bank of Israel Ltd is independently reporting its emissions metrics. The bank's commitment to reducing its carbon footprint is evident in its ongoing efforts to improve GHG emissions intensity, although specific reduction initiatives or pledges have not been documented. Overall, First International Bank of Israel Ltd is making strides towards sustainability, with a focus on reducing its emissions intensity year-on-year, although further transparency and commitment to formal reduction targets would enhance its climate strategy.
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.
First International Bank of Israel Ltd 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.