Harel Insurance Investments And Financial Services Sustainability Profile
Harel Insurance Investments and Financial Services, commonly referred to as Harel Group, is a leading financial services provider headquartered in Israel (IL). Established in 1935, the company has grown to become a prominent player in the insurance and investment sectors, offering a diverse range of products and services tailored to meet the needs of individuals and businesses alike. With a strong presence across major operational regions in Israel, Harel Group excels in life insurance, health insurance, pension funds, and investment management. Its unique approach combines innovative financial solutions with a commitment to customer service, setting it apart in a competitive market. Over the years, Harel has achieved significant milestones, solidifying its position as one of Israel's largest insurance and financial services firms, renowned for its reliability and comprehensive offerings.
DitchCarbon Score
How does Harel Insurance Investments And Financial Services'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 Insurance Services 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
Harel Insurance Investments And Financial Services's score of 30 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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Harel Insurance Investments And Financial Services's reported carbon emissions
In 2022, Harel Insurance Investments and Financial Services reported total carbon emissions of approximately 10,323,000 kg CO2e, comprising 4,260,000 kg CO2e from Scope 1 and 6,063,000 kg CO2e from Scope 2. This data reflects a slight decrease from 2021, where total emissions were about 10,693,000 kg CO2e, with Scope 1 emissions at 4,299,000 kg CO2e and Scope 2 at 6,394,000 kg CO2e. Harel has set ambitious climate commitments, aiming for net zero emissions by 2050 for both Scope 1 and Scope 2 emissions. This long-term target was established in 2023, indicating a proactive approach to reducing their carbon footprint. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. Overall, Harel Insurance Investments and Financial Services is actively working towards significant emissions reductions while maintaining transparency in their reporting and commitments to climate action.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 3,370,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,400,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Harel Insurance Investments And Financial Services's Industry?
How Carbon Intensive is Harel Insurance Investments And Financial Services's Location?
Harel Insurance Investments And Financial Services'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.
Harel Insurance Investments And Financial Services 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.
