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OrganisationsHarel Insurance Investments And Financial Services
Harel Insurance Investments And Financial Services logo

Harel Insurance Investments And Financial Services

Insurance ServicesIsraelTLV: HARL
Last verified 6 months agoharel-group.co.il

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.

26
DitchCarbon score

-11 vs industry average

Harel Insurance Investments And Financial Services’s score of 26 is lower than 36% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Insurance Services is among the least carbon-intensive industries

Industry performance

0.029
20192025

The Insurance Services industry has reduced its overall emissions by 7% since 2019

Emissions trajectory 2020 – 2025

00.0M0.0M0.0M0.0M0

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202020212022202320242025

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Harel Insurance Investments And Financial Services's reported carbon emissions

Harel Insurance Investments and Financial Services, headquartered in Israel, has reported significant progress in managing its carbon footprint. In 2022, the company's combined Scope 1 and Scope 2 emissions totalled approximately 10.3 million kg CO2e. This comprised about 4.3 million kg CO2e from Scope 1 and approximately 6.1 million kg CO2e from Scope 2.

In the preceding year, 2021, Harel's Scope 1 and 2 emissions were slightly higher, amounting to approximately 10.7 million kg CO2e. This included about 4.3 million kg CO2e for Scope 1 and approximately 6.4 million kg CO2e for Scope 2.

Looking further back, in 2020, the company's Scope 1 and 2 emissions were approximately 10.8 million kg CO2e, with Scope 1 contributing around 3.4 million kg CO2e and Scope 2 around 7.4 million kg CO2e.

Harel Insurance Investments and Financial Services has set a clear long-term climate commitment to achieve net zero emissions by 2050. This ambitious target encompasses both Scope 1 and Scope 2 emissions, demonstrating a comprehensive approach to decarbonisation. The company has not reported Scope 3 emissions data, and specific reduction targets beyond the net-zero goal for 2050 are not detailed in the provided information.

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Harel Insurance Investments And Financial Services’s Climate Goals (2030 & 2050)

2 goals

2050

We aim to achieve net zero emissions by 2050

We aim to achieve net zero emissions by 2050.

Insufficient data0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Emissions comparison with industry peers

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