Phoenix Holdings Sustainability Profile
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 57 is higher than 72% 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 8,755,000 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 emissions. This marks a slight decrease from 2023, where total emissions were approximately 8,935,000 kg CO2e, with Scope 1 emissions at 4,033,000 kg CO2e, Scope 2 at 4,902,000 kg CO2e, and Scope 3 at 1,244,000 kg CO2e. Phoenix Holdings has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. This initiative reflects the company's dedication to achieving significant reductions in its carbon footprint within a near-term timeframe. The targets were established in 2023 and are part of a broader strategy to enhance sustainability practices. The emissions data is not cascaded from any parent organization, indicating that Phoenix Holdings independently reports its carbon emissions and climate commitments. The company is actively working towards its goals, demonstrating a commitment to environmental responsibility in the financial sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,472,000 | 0,000,000 | 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 | 0,000,000 |
| Scope 3 | 181,000 | 00,000 | 000,000 | 000,000 | 0,000,000 | 000,000 |
How Carbon Intensive is Phoenix Holdings's Industry?
How Carbon Intensive is Phoenix Holdings's Location?
Phoenix Holdings'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.
Phoenix Holdings 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.
