Phoenix Holdings
Phoenix Holdings, a prominent player in the financial services sector, is headquartered in Israel (IL) and operates extensively across various regions. Founded in 1996, the company has established itself as a leader in investment management, insurance, and asset management, catering to a diverse clientele. With a focus on innovative financial solutions, Phoenix Holdings offers unique products such as life insurance, pension plans, and investment funds, designed to meet the evolving needs of its customers. The firm is recognised for its robust market position, consistently achieving significant milestones in growth and customer satisfaction. As a trusted name in the industry, Phoenix Holdings continues to enhance its offerings, leveraging advanced technology and expert insights to deliver exceptional value to its clients.
DitchCarbon Score
How does Phoenix Holdings'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
Phoenix Holdings's score of 51 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Phoenix Holdings's reported carbon emissions
In 2024, Phoenix Holdings reported total carbon emissions of approximately 9,000,000 kg CO2e, comprising 3,783,000 kg CO2e from Scope 1, 4,972,000 kg CO2e from Scope 2, and 226,000 kg CO2e from Scope 3. This reflects a slight decrease in Scope 1 emissions from 4,033,000 kg CO2e in 2023, while Scope 2 emissions remained relatively stable, decreasing marginally from 4,902,000 kg CO2e. Scope 3 emissions also saw a reduction from 1,244,000 kg CO2e in 2023. Over the past few years, Phoenix Holdings has demonstrated a commitment to reducing its carbon footprint. In 2023, the company reported total emissions of about 9,000,000 kg CO2e, down from approximately 9,000,000 kg CO2e in 2022, which included 2,990,000 kg CO2e from Scope 1, 5,126,000 kg CO2e from Scope 2, and 988,000 kg CO2e from Scope 3. The trend indicates a focus on improving operational efficiency and reducing emissions across all scopes. Despite these reductions, Phoenix Holdings has not set specific science-based targets or formal climate pledges, as indicated by the absence of documented reduction initiatives or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from a parent organisation, ensuring that its reported figures are independently sourced. Overall, while Phoenix Holdings has made progress in reducing its carbon emissions, the lack of formal reduction targets suggests an opportunity for further commitment to climate action in the future.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 3,095,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,267,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 211,000 | 000,000 | 0,000,000 | 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.
Phoenix Holdings 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.
