ESG
Corporate and Social Responsibility
Leumi - Benefiting Society and the Economy
The Leumi Group has a wide-ranging influence on Israel's financial development, resilience, and market stability. As an organization operating within the community, we recognize our responsibility to work towards bolstering Israeli society, the economy, and households as well as reinforcing the factors driving Israel's various industries.
This impact manifests itself on two principal levels:
The direct impact of the Leumi Group on the economy and society in Israel, stemming from the Bank's status as a leading domestic financial entity which provides the full range of banking and capital market services to millions of customers in the various segments. The direct effect also stems from Leumi's being a major player in the shekel-dollar trade as well as in Israeli government bonds.
The Group's support for national prosperity - financing infrastructure projects and a variety of sectors (high tech, industry, trade, chemistry, food and more) which forms the basis of its indirect impact on Israeli society and economics. Similarly, the Leumi Group promotes small businesses, provides socially and environmentally valuable services, engages in local and global procurement, contributes to the community, employs Israeli workers and invests in their development, and pays taxes to the State treasury.
Leumi – Benefiting the Community
Leumi is proud to be part of the social-ethical backbone of the State of Israel and sees a sense of mission in investing in the community through 5 key areas:
Long-term strategic partnerships; donations; employee volunteering; social procurement; mobilization for the promotion of social issues.
A core part of the Leumi Group's sense of responsibility towards the community in which the Group operates is reflected in the social involvement of the employees and their volunteering in the community.
Leumi – Benefiting the Environment
As a leading bank in Israel, we have a responsibility towards our operating environment, and a commitment to deal in the best way with climate change and the risks involved.
Our concern for the environment and our quality of life and that of future generations is a significant component of the values and goals we have set for ourselves to be a significant element in leading the necessary changes in Israel.
As part of Leumi's activity to strengthen the contribution to environmental, social and governance aspects, a strategy was formulated to manage the environmental aspects, and to deepen and expand the integration of ESG aspects in the Bank's business activities. Among other things, through increasing funding and investments in projects that promote a green environment and the development of green financial products.
Green Bond Framework for Bank Leumi
The Bank is pleased to announce that it has adopted a Green Bond Framework (the "Framework") as part of the Bank’s ESG strategy. Pursuant to the Framework, the Bank aims, among others, to increase the amount of available funding and investment for green environmental projects to approximately NIS 40 billion by 2030. The Bank may from time to time issue and offer Green Bonds under the Framework. If the Bank issues any such Green Bonds, the Bank intends to use an amount equivalent to the net proceeds from the issuance of such Green Bonds to finance or re-finance, in part or in full, Eligible Green Projects (as defined in the Framework).
The Bank has obtained an independent second-party opinion from S&P for the Framework.
Bank Leumi - Green Bond Framework>>
Bank Leumi Green UoP SPO Final Report>>
Green Bond Allocation and Impact Report>>
Strategic Collaboration with the EIB
The Bank entered into a strategic collaboration with the European Union's investment bank, the European Investment Bank, to provide credit in the amount of EUR 750 million, and an additional guarantee for credit related projects amounting to approx. EUR 96 million, for environmental and social purposes, under preferential conditions, for small and mid-sized businesses
Restoration of the forests in the north and tree planting
As part of the Bank's cooperation with Keren Kayemeth LeIsrael-Jewish National Fund (KKL-JNF), the Bank contributed to the restoration of the forests in the north, planting 20,000 trees in the Biriya Forest and the Naftali Mountains in the Kiryat Shmona area.
Tree Planting Impact Report 2024
Leumi Way: Vision, Core Values, and Ethics
The evolving business, economic and social environment have led the Leumi Group to review and restate its vision and its core values, in a manner that will reflect the change the Group has gone through in recent years. In a cross organizational process - with the participation of managers and employees - the Group’s vision was rephrased into one sentence: Conducting proactive and innovative banking for our customers
Environment, Social, and Governance (ESG) Report
Leumi is publishing ESG Report annually.
The report refers to the environment, society and corporate governance activities of the Leumi Group.
ESG 2024 - Investors highlights
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