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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of Mizrahi Tefahot Bank amounted to 16,761 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 2023, the total operational greenhouse gas (GHG) emissions of Mizrahi Tefahot Bank decreased by 7.75%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
In 2024, the total Scope 1 emissions of Mizrahi Tefahot Bank were 2,212 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, Mizrahi Tefahot Bank's Scope 1 emissions have increased by 15.63%, reflecting a rising long-term trend in Scope 1 emissions over time. a c
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
In 2024, Mizrahi Tefahot Bank reported Scope 2 greenhouse gas (GHG) emissions of 16,113 tCO₂e using the market-based method and 14,549 tCO₂e using the location-based method. a
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
In 2024, Mizrahi Tefahot Bank reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, Mizrahi Tefahot Bank reported 6,700,936 metric tons of CO₂ equivalent (tCO₂e) 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 4 of 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 chain a
In 2024, Mizrahi Tefahot Bank reported total Scope 3 emissions of 6,700,936 metric tons of CO₂ equivalent (tCO₂e). 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
Since 2018, Mizrahi Tefahot Bank's Scope 3 emissions have increased by 781,806.18%, reflecting a rising long-term trend in Scope 3 emissions over time. a c
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. a b
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.
In 2024, the largest contributors to Mizrahi Tefahot Bank's Scope 3 emissions were: a
In 2024, Mizrahi Tefahot Bank reported Scope 1 greenhouse gas (GHG) emissions of 2,212 tCO₂e and total revenues of USD 4,018 millions. This translates into an emissions intensity of 0.55 tCO₂e per millions USD. a
In 2024, Mizrahi Tefahot Bank reported a Scope 1 emissions intensity of 0.55 tCO₂e per millions USD. Compared to the peer group median of 0.85 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
In 2024, Mizrahi Tefahot Bank ranked 8 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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
In 2024, Mizrahi Tefahot Bank reported a total carbon footprint of 6,717,697 metric tons of CO₂ equivalent (tCO₂e) 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. a b
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