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Mizrahi Tefahot Bank Ltd

Common Name
Mizrahi Tefahot Bank
Country
Israel
Sector
Financial Services
Industry
Banks - Regional
Employees
7,200
Ticker
MZTF
Exchange
TEL AVIV STOCK EXCHANGE
Description
Mizrahi Tefahot Bank Ltd. is a leading Israeli banking institution, primarily focused on offering comprehensive financial services to individual and corporate clients. As one of the major banks in Isr...

Mizrahi Tefahot Bank's GHG Emissions Data Preview

In 2024, Mizrahi Tefahot Bank 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Mizrahi Tefahot Bank has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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a
0000000
Location-Based
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0000000
Total Scope 3
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b
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Mizrahi Tefahot Bank’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 Mizrahi Tefahot Bank’s data sources below and access millions more through our Disclosure Search.

a. Mizrahi Tefahot Bank's ESG Report 2024
a. Mizrahi Tefahot Bank's ESG Report 2024
b. Mizrahi Tefahot Bank's ESG Report 2023
b. Mizrahi Tefahot Bank's ESG Report 2023

Insights into Mizrahi Tefahot Bank's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofMizrahi Tefahot Bank amounted to16,761metric 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 2023, the total operational greenhouse gas (GHG) emissions of Mizrahi Tefahot Bankdecreased by 7.75%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Mizrahi Tefahot Bank's Scope 1 Emissions Over Time

20192020202120222023202406001.2 k1.8 k2.4 ktCO2e0%+2%+2%-2%+6%
  • Total Scope 1
  • Year-over-Year Change

What are Mizrahi Tefahot Bank's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Mizrahi Tefahot Bank were 2,212 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Mizrahi Tefahot Bank reduced its Scope 1 emissions over time?

Since 2019, Mizrahi Tefahot Bank's Scope 1 emissions have increased by 8.33%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Mizrahi Tefahot Bank's Scope 1 emissions increased by 5.58%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Mizrahi Tefahot Bank's Scope 2 emissions?

In 2024, Mizrahi Tefahot Bank reported Scope 2 greenhouse gas (GHG) emissions of 16,113 tCOâ‚‚e using the market-based method and 14,549 tCOâ‚‚e using the location-based method.a

Has Mizrahi Tefahot Bank reduced its Scope 2 emissions over time?

Since 2019, Mizrahi Tefahot Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 13.84%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Mizrahi Tefahot Bank's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Mizrahi Tefahot Bank's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Mizrahi Tefahot Bank use for Scope 2 reporting?

In 2024, Mizrahi Tefahot Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a

Mizrahi Tefahot Bank's Scope 2 Emissions Over Time

20192020202120222023202405.5 k11 k16.5 k22 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Mizrahi Tefahot Bank's Value Chain Emissions

In 2024, Mizrahi Tefahot Bank reported 6,700,936 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Mizrahi Tefahot Bank includes a breakdown across 4of the 15 Scope 3 categories defined by the GHG Protocol,up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Mizrahi Tefahot Bank's Scope 3 Emissions Over Time

20192020202120222023202402 M4 M6 M8 MtCO2e-11%-8%+2%+762104%+4%
  • Total Scope 3
  • Year-over-Year Change

What are Mizrahi Tefahot Bank's Scope 3 emissions?

In 2024, Mizrahi Tefahot Bank reported total Scope 3 emissions of 6,700,936 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0.01%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.99%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Mizrahi Tefahot Bank reduced its Scope 3 emissions over time?

Since 2019, Mizrahi Tefahot Bank's Scope 3 emissionshave increased by 662,047.83%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Mizrahi Tefahot Bank's Scope 3 emissions remained relatively stable, indicating that Mizrahi Tefahot Bank's emissions have plateaued with no significant change in its value chain footprint.ab

What categories of Scope 3 emissions does Mizrahi Tefahot Bank disclose?

In 2024, Mizrahi Tefahot Bank reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Mizrahi Tefahot Bank's Scope 3 emissions?

In 2024, the largest contributors to Mizrahi Tefahot Bank's Scope 3 emissions were:a

  • Investments (Cat. 15): 6,700,000 tCOâ‚‚e(99.99%)
  • Purchased Goods and Services (Cat. 1): 842.4 tCOâ‚‚e(0.01%)
  • Business Travel (Cat. 6): 56.16 tCOâ‚‚e(0%)

Mizrahi Tefahot Bank's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into Mizrahi Tefahot Bank’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Mizrahi Tefahot Bank reported Scope 1 greenhouse gas (GHG) emissions of 2,212 tCOâ‚‚e and total revenues of USD 4,018 millions. This translates into an emissions intensity of 0.55 tCOâ‚‚e per millions USD.a

Mizrahi Tefahot Bank's Scope 1 Emissions Intensity Compared to Peers

202002,00010,000100,000Scope 1 Emissions (tCO2e)5001,0005,00010,00050,000Revenues (Millions of USD)TTSIsrael Discount BankYear: 2024Scope 1: 1,340 tCO2eRevenue: $M 4,371Scope 1 Intensity: 0.31 tCO2e/$MKbc GroepYear: 2024Scope 1: 40,717 tCO2eRevenue: $M 11,604Scope 1 Intensity: 3.51 tCO2e/$MWintrust FinancialYear: 2024Scope 1: 2,900 tCO2eRevenue: $M 2,451Scope 1 Intensity: 1.18 tCO2e/$MFIBIYear: 2024Scope 1: 1,506 tCO2eRevenue: $M 1,797Scope 1 Intensity: 0.84 tCO2e/$MWebster FinancialYear: 2024Scope 1: 3,846 tCO2eRevenue: $M 2,579Scope 1 Intensity: 1.49 tCO2e/$MBOC Hong Kong HoldingsYear: 2024Scope 1: 517 tCO2eRevenue: $M 9,249Scope 1 Intensity: 0.06 tCO2e/$MTTTCFHCYear: 2024Scope 1: 2,738 tCO2eRevenue: $M 2,008Scope 1 Intensity: 1.36 tCO2e/$MMalayan BankingYear: 2024Scope 1: 11,761 tCO2eRevenue: $M 6,268Scope 1 Intensity: 1.88 tCO2e/$MBanco Santander BrasilYear: 2024Scope 1: 6,249 tCO2eRevenue: $M 7,854Scope 1 Intensity: 0.80 tCO2e/$MBPER BancaYear: 2024Scope 1: 10,614 tCO2eRevenue: $M 6,232Scope 1 Intensity: 1.70 tCO2e/$MZions BancorporationYear: 2024Scope 1: 2,845 tCO2eRevenue: $M 3,130Scope 1 Intensity: 0.91 tCO2e/$MStandard Bank GroupYear: 2024Scope 1: 13,877 tCO2eRevenue: $M 10,045Scope 1 Intensity: 1.38 tCO2e/$MKB Financial GroupYear: 2024Scope 1: 22,510 tCO2eRevenue: $M 13,701Scope 1 Intensity: 1.64 tCO2e/$MSwedbankYear: 2024Scope 1: 853 tCO2eRevenue: $M 6,654Scope 1 Intensity: 0.13 tCO2e/$MBank Leumi Le IsraelYear: 2024Scope 1: 2,950 tCO2eRevenue: $M 6,046Scope 1 Intensity: 0.49 tCO2e/$MAIB GroupYear: 2024Scope 1: 2,875 tCO2eRevenue: $M 5,115Scope 1 Intensity: 0.56 tCO2e/$MIDFC First BankYear: 2025Scope 1: 19,417 tCO2eRevenue: $M 3,090Scope 1 Intensity: 6.28 tCO2e/$MIDBI BankYear: 2025Scope 1: 2,361 tCO2eRevenue: $M 2,106Scope 1 Intensity: 1.12 tCO2e/$MDNB BankYear: 2024Scope 1: 67 tCO2eRevenue: $M 7,456Scope 1 Intensity: 0.01 tCO2e/$MSinopac Financial HoldingsYear: 2024Scope 1: 1,439 tCO2eRevenue: $M 1,941Scope 1 Intensity: 0.74 tCO2e/$MTTTS Financial HoldingYear: 2024Scope 1: 1,932 tCO2eRevenue: $M 2,644Scope 1 Intensity: 0.73 tCO2e/$MShinhan Financial GroupYear: 2024Scope 1: 13,575 tCO2eRevenue: $M 11,972Scope 1 Intensity: 1.13 tCO2e/$MBanco BPMYear: 2024Scope 1: 16,813 tCO2eRevenue: $M 5,771Scope 1 Intensity: 2.91 tCO2e/$MSSShanghai Rural Commercial BankYear: 2024Scope 1: 1,917 tCO2eRevenue: $M 3,545Scope 1 Intensity: 0.54 tCO2e/$MBank HapoalimYear: 2024Scope 1: 3,876 tCO2eRevenue: $M 6,008Scope 1 Intensity: 0.65 tCO2e/$MMizrahi Tefahot BankYear: 2024Scope 1: 2,212 tCO2eRevenue: $M 4,018Scope 1 Intensity: 0.55 tCO2e/$M

How does Mizrahi Tefahot Bank's GHG emissions intensity compare to its peers?

In 2024, Mizrahi Tefahot Bank reported a Scope 1 emissions intensity of 0.55 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.91, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Mizrahi Tefahot Bank rank on GHG emissions intensity within its industry?

In 2024, Mizrahi Tefahot Bank ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Mizrahi Tefahot Bank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Mizrahi Tefahot Bank's Total Carbon Footprint

In 2024, Mizrahi Tefahot Bank reported a total carbon footprint of 6,717,697 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.01% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Mizrahi Tefahot Bank's total carbon footprint was Scope 3 emissions, accounting for 99.75% of the company's total carbon footprint, followed by Scope 2 emissions at 0.22%.a

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