Harel Insurance Investments and Financial Services Ltd

Common Name
Harel
Country
Israel
Sector
Financial Services
Industry
Insurance - Diversified
Employees
5,158
Ticker
HARL
Exchange
TEL AVIV STOCK EXCHANGE
Description
Harel Insurance Investments & Financial Services Ltd. is a key player in the insurance and financial services sector in Israel. It provides a comprehensive range of insurance products, including life,...

Harel's GHG Emissions Data Preview

In 2022, Harel completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Harel has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2022202120202019 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Harel’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Harel’s data sources below and access millions more through our Disclosure Search.

a. Harel's ESG Report 2022
a. Harel's ESG Report 2022

Insights into Harel's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Harel amounted to 10,323,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2021, the total operational greenhouse gas (GHG) emissions of Harel decreased by 3.46%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Harel's Scope 1 Emissions Over Time

2021202201.5 M3 M4.5 M6 MtCO2e-1%
  • Total Scope 1
  • Year-over-Year Change

What are Harel's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Harel were 4,260,000 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2021), Harel's Scope 1 emissions remained relatively stable, indicating that Harel's emissions have plateaued with no significant change in its operational footprint. a

What are Harel's Scope 2 emissions?

In 2022, Harel reported Scope 2 greenhouse gas (GHG) emissions of 6,063,000 tCO₂e without specifying the calculation method. a

Has Harel reduced its Scope 2 emissions over time?

Compared to the previous year (2021), Harel's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Harel 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Harel use for Scope 2 reporting?

In 2022, Harel reported its Scope 2 emissions using an unspecified methodology. a

Harel's Scope 2 Emissions Over Time

2021202202 M4 M6 M8 MtCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Harel’s GHG Emissions Intensity Compared to Industry Peers

In 2022, Harel reported Scope 1 greenhouse gas (GHG) emissions of 4,260,000 tCO₂e and total revenues of USD 3,599 millions. This translates into an emissions intensity of 1,183.55 tCO₂e per millions USD. a

Harel's Scope 1 Emissions Intensity Compared to Peers

0.025500100,00020,000,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)MSMMMomentum Group LtdYear: 2023Scope 1: 4,396 tCO2eRevenue: $M 5,210Scope 1 Intensity: 0.84 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MNew India AssuranceYear: 2025Scope 1: 2,669 tCO2eRevenue: $M 5,096Scope 1 Intensity: 0.52 tCO2e/$MOUTsurance GroupYear: 2024Scope 1: 819 tCO2eRevenue: $M 1,772Scope 1 Intensity: 0.46 tCO2e/$MGrupo Catalana OccidenteYear: 2024Scope 1: 19,054 tCO2eRevenue: $M 2,587Scope 1 Intensity: 7.36 tCO2e/$MPorto SeguroYear: 2023Scope 1: 1,853 tCO2eRevenue: $M 6,272Scope 1 Intensity: 0.30 tCO2e/$MAgeasYear: 2024Scope 1: 16,238 tCO2eRevenue: $M 8,824Scope 1 Intensity: 1.84 tCO2e/$MUnipol AssicurazioniYear: 2024Scope 1: 9,062 tCO2eRevenue: $M 12,128Scope 1 Intensity: 0.75 tCO2e/$MVaudoise Assurances HoldingYear: 2023Scope 1: 527 tCO2eRevenue: $M 1,784Scope 1 Intensity: 0.30 tCO2e/$MVienna Insurance GroupYear: 2024Scope 1: 18,538 tCO2eRevenue: $M 13,454Scope 1 Intensity: 1.38 tCO2e/$MHelvetia HoldingYear: 2024Scope 1: 8,631 tCO2eRevenue: $M 12,396Scope 1 Intensity: 0.70 tCO2e/$MStar HealthYear: 2024Scope 1: 0 tCO2eRevenue: $M 1,600Scope 1 Intensity: 0.00 tCO2e/$MAvivaYear: 2024Scope 1: 7,437 tCO2eRevenue: $M 39,855Scope 1 Intensity: 0.19 tCO2e/$MSSSagaYear: 2024Scope 1: 109,647 tCO2eRevenue: $M 731Scope 1 Intensity: 150.02 tCO2e/$MAegonYear: 2024Scope 1: 1,480 tCO2eRevenue: $M 20,302Scope 1 Intensity: 0.07 tCO2e/$MTalanxYear: 2024Scope 1: 13,090 tCO2eRevenue: $M 26,617Scope 1 Intensity: 0.49 tCO2e/$MPhoenix FinancialYear: 2024Scope 1: 3,783 tCO2eRevenue: $M 8,260Scope 1 Intensity: 0.46 tCO2e/$MSinar Mas MultiarthaYear: 2024Scope 1: 9,024 tCO2eRevenue: $M 1,621Scope 1 Intensity: 5.57 tCO2e/$MTrygYear: 2024Scope 1: 1,120 tCO2eRevenue: $M 5,611Scope 1 Intensity: 0.20 tCO2e/$MAXAYear: 2024Scope 1: 21,054 tCO2eRevenue: $M 93,490Scope 1 Intensity: 0.23 tCO2e/$MSun Life FinancialYear: 2023Scope 1: 15,057 tCO2eRevenue: $M 28,817Scope 1 Intensity: 0.52 tCO2e/$MArch Capital GroupYear: 2024Scope 1: 2,252 tCO2eRevenue: $M 16,932Scope 1 Intensity: 0.13 tCO2e/$MICICI LombardYear: 2024Scope 1: 907 tCO2eRevenue: $M 2,612Scope 1 Intensity: 0.35 tCO2e/$MHarelYear: 2022Scope 1: 4,260,000 tCO2eRevenue: $M 3,599Scope 1 Intensity: 1,183.55 tCO2e/$M

How does Harel's GHG emissions intensity compare to its peers?

In 2022, Harel reported a Scope 1 emissions intensity of 1,183.55 tCO₂e per millions USD. Compared to the peer group median of 0.49 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Harel rank on GHG emissions intensity within its industry?

In 2022, Harel ranked 24 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Harel among the least efficient performers, with one of the highest emissions intensities in its sector. a

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