GlobalData offers a comprehensive analysis of Israel Discount Bank, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Israel Discount Bank‘s ESG performance. GlobalData’s company profile on Israel Discount Bank offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

Israel Discount Bank has published its ESG for 2021, providing information on the bank's greenhouse gas (GHG) emissions. According to the report, the bank's total GHG emissions in 2021 amounted to 19,199 tons, indicating a reduction compared to the 19,824 tons recorded in 2020. The emissions were broken down into scope 1, scope 2, and scope 3 categories. Israel Discount's latest filings mentioned the keywords 'Emissions' and 'Recycling' most number of times in relation to 'Climate Change'.

In 2021, the company's total Scope 1 emissions were 2,187 tons of CO2e, Scope 2 emissions were 16,559 tons of CO2e, while its total Scope 3 emissions were 453 tons of CO2e. The total greenhouse gas emissions (Scope 1, 2, and 3) declined by 3.15% when compared to the base year of 2021. The bank has invested in energy efficiency measures, including upgrading lighting systems and reducing building space, resulting in annual energy savings of 482,032 kWh and GHG emissions reductions of 3,240 tons in 2021. The bank's GHG emissions reduction plans also include reducing paper consumption, paper recycling, water consumption, business flights, and electronic waste.

In its CSR report for 2021, Discount Bank disclosed its consumption figures, including 275 tons of paper and 33,291,103 kWh of electricity. Notably, the bank achieved reductions in various areas, such as a 1.4% decrease in total electricity consumption, a 13.0% decrease in paper consumption, and a 3.2% reduction in its carbon footprint. Furthermore, the bank successfully saved 1.6% in energy consumption compared to the previous year.

In 2021, Discount Bank recycled around 296 tons of paper, which accounted for 100% of the bank's paper waste. Besides paper, the bank also recycled used light bulbs, bottles, batteries, and electronic waste. In the same year, approximately 8,500 light bulbs, around 35,000 drink bottles, about 1,000 batteries, and roughly 86.8 tons of electronic waste were sent for recycling.

In conclusion, Israel Discount Bank's 2021 ESG report showcases its commitment to sustainability and climate action. They achieved a reduction in GHG emissions and prioritized recycling initiatives. The bank's proactive approach sets a positive example for a greener future in the financial sector.

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