Mizrahi Tefahot Bank Ltd 2023 SR
The report for 2023 details Mizrahi Tefahot Group's ESG performance during a year marked by the Swords of Iron War and the bank's 100th anniversary. The bank provided NIS 70 million in donations and NIS 531 million in banking relief to support those affected by the conflict. Key highlights include reaching NIS 6.7 billion in green finance, a 52% increase from 2022, and publishing its first TCFD-aligned climate report. The group achieved a 'Low Risk' ESG rating from Sustainalytics and maintained a 'Platinum Plus' Ma'ala rating. Social initiatives focused on diversity, with 46% female representation in executive management and 19% of employees from under-represented demographics. Governance was reinforced through updated ESG risk policies and preparations for new climate-related financial risk directives.
Company: Mizrahi Tefahot Bank Ltd
Sector: Financials
Country: Israel
Year: 2023
Type: SR
Pages: 125
Mizrahi Tefahot Bank Ltd
ESG Report
The report for 2023 details Mizrahi Tefahot Group's ESG performance during a year marked by the Swords of Iron War and the bank's 100th anniversary. The bank provided NIS 70 million in donations and NIS 531 million in banking relief to support those affected by the conflict. Key highlights include reaching NIS 6.7 billion in green finance, a 52% increase from 2022, and publishing its first TCFD-aligned climate report. The group achieved a 'Low Risk' ESG rating from Sustainalytics and maintained a 'Platinum Plus' Ma'ala rating. Social initiatives focused on diversity, with 46% female representation in executive management and 19% of employees from under-represented demographics. Governance was reinforced through updated ESG risk policies and preparations for new climate-related financial risk directives.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Employees