Harel Insurance Investments And Financial Services
Harel Insurance Investments and Financial Services, commonly referred to as Harel Group, is a leading financial services provider headquartered in Israel (IL). Established in 1935, the company has grown to become a prominent player in the insurance and investment sectors, offering a diverse range of products and services tailored to meet the needs of individuals and businesses alike. With a strong presence across major operational regions in Israel, Harel Group excels in life insurance, health insurance, pension funds, and investment management. Its unique approach combines innovative financial solutions with a commitment to customer service, setting it apart in a competitive market. Over the years, Harel has achieved significant milestones, solidifying its position as one of Israel's largest insurance and financial services firms, renowned for its reliability and comprehensive offerings.
DitchCarbon Score
How does Harel Insurance Investments And Financial Services'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
Harel Insurance Investments And Financial Services's score of 30 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Harel Insurance Investments And Financial Services's reported carbon emissions
In 2022, Harel Insurance Investments and Financial Services reported total carbon emissions of approximately 10,323,000 kg CO2e, comprising 4,260,000 kg CO2e from Scope 1 and 6,063,000 kg CO2e from Scope 2 emissions. This marked a slight decrease from 2021, where total emissions were about 10,693,000 kg CO2e, with Scope 1 at 4,299,000 kg CO2e and Scope 2 at 6,394,000 kg CO2e. The company has set ambitious climate commitments, aiming for net zero emissions by 2050 across both Scope 1 and Scope 2 emissions. This long-term target reflects Harel's dedication to reducing its carbon footprint and contributing to global climate goals. The commitment was formalised in 2023, indicating a proactive approach to sustainability and environmental responsibility. Harel's emissions data for 2020 shows a total of approximately 7,370,000 kg CO2e, with Scope 1 emissions at 3,370,000 kg CO2e and Scope 2 at 7,400,000 kg CO2e. However, no emissions data is available for 2019 and 2018, which limits the ability to assess trends over those years. Overall, Harel Insurance Investments and Financial Services is actively working towards significant emissions reductions and has established a clear pathway to achieving net zero emissions by 2050, demonstrating its commitment to addressing climate change.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 3,370,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,400,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Harel Insurance Investments And Financial Services is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
