Mizrahi Tefahot Bank Ltd

Common Name
Mizrahi Tefahot Bank
Country
Israel
Sector
Financial Services
Industry
Banks - Regional
Employees
7,211
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 2023, 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 2 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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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Mizrahi Tefahot Bank's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Mizrahi Tefahot Bank amounted to 18,210 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Mizrahi Tefahot Bank decreased by 0.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Mizrahi Tefahot Bank's Scope 1 Emissions Over Time

20182019202020212022202305501.1 k1.65 k2.2 ktCO2e+7%0%+2%+2%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Mizrahi Tefahot Bank's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Mizrahi Tefahot Bank were 2,095 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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

Since 2018, Mizrahi Tefahot Bank's Scope 1 emissions have increased by 9.51%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Mizrahi Tefahot Bank's Scope 1 emissions decreased by 2.01%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Mizrahi Tefahot Bank's Scope 2 emissions?

In 2023, Mizrahi Tefahot Bank reported Scope 2 greenhouse gas (GHG) emissions of 18,167 tCOâ‚‚e using the market-based method, and 16,115 tCOâ‚‚e using the location-based method.

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

Compared to the previous year (2022), 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.

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

In 2023, Mizrahi Tefahot Bank reported its Scope 2 emissions using the market-based method and using the location-based method.

Mizrahi Tefahot Bank's Scope 2 Emissions Over Time

20182019202020212022202305.5 k11 k16.5 k22 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Mizrahi Tefahot Bank's Value Chain Emissions

In 2023, Mizrahi Tefahot Bank reported 6,440,622 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Mizrahi Tefahot Bank includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Mizrahi Tefahot Bank's Scope 3 Emissions Over Time

20182019202020212022202302 M4 M6 M8 MtCO2e+18%-11%-8%+752108%+3%
  • Total Scope 3
  • Year-over-Year Change

What are Mizrahi Tefahot Bank's Scope 3 emissions?

In 2023, Mizrahi Tefahot Bank reported total Scope 3 emissions of 6,440,622 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.

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

Since 2018, Mizrahi Tefahot Bank's Scope 3 emissions have increased by 751,431.16%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), 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.

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

In 2023, Mizrahi Tefahot Bank reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2023, the largest contributors to Mizrahi Tefahot Bank's Scope 3 emissions were:

  • Investments (Cat. 15): 6,440,000 tCOâ‚‚e (99.99%)
  • Other/Unspecified Sources: 622 tCOâ‚‚e (0.01%)

Mizrahi Tefahot Bank's Scope 3 Emissions by Categories

Investments(Cat. 15)(100.0%)

Insights into Mizrahi Tefahot Bank's Total Carbon Footprint

In 2023, Mizrahi Tefahot Bank reported a total carbon footprint of 6,458,832 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.03% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Mizrahi Tefahot Bank's total carbon footprint was Scope 3 emissions, accounting for 99.72% of the company's total carbon footprint, followed by Scope 2 emissions at 0.25%.

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