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 41 is higher than 90% 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 2023, Phoenix Holdings reported total carbon emissions of approximately 4,971,000 kg CO2e, comprising 3,971,000 kg CO2e from Scope 1, 4,902,000 kg CO2e from Scope 2, and 550,000 kg CO2e from Scope 3 emissions. This reflects a slight decrease in Scope 1 and Scope 2 emissions compared to previous years, indicating ongoing efforts to manage their carbon footprint. In 2022, the company recorded total emissions of about 5,442,000 kg CO2e, with Scope 1 emissions at 2,990,000 kg CO2e, Scope 2 at 5,126,000 kg CO2e, and Scope 3 at 831,000 kg CO2e. The trend shows a commitment to reducing emissions over the years, with 2021 emissions at approximately 5,360,000 kg CO2e and 2020 at about 3,034,000 kg CO2e. Despite these reductions, Phoenix Holdings has not publicly committed to specific reduction targets or initiatives, such as those outlined by the Science Based Targets initiative (SBTi). The absence of formal climate pledges suggests that while the company is actively monitoring and reducing emissions, it may benefit from establishing clearer, measurable climate commitments to enhance its sustainability profile.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,472,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,523,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 181,000 | 00,000 | 00,000 | 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.
