Leumi places much importance on ecology and dedicates much effort and widespread resources to reducing its environmental effect.
While the Bank’s activity is primarily administrative by nature and its ecological footprint does not reach the level of industrial plants, as a leading organization, Leumi has an obligation to mold values worthy of imitation and contribute to this field as well.
A Green Label, granted jointly by the Israel Standards Institution and the Ministry of Environmental Protection, attests to the fact that a product or service has a low impact on the environment. In a world with continual growth in environmental awareness, we all understand the power of our impact on the environment in which we live.
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 35 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.