Phoenix Financial

Impact & sustainability

Our Strategy

Sustainable value creation requires the ability to anticipate and adapt to disruption. Phoenix proactively identifies opportunities and manages risks stemming from transformational forces, including climate change and the global energy transition

Strong corporate governance is critical for efficient capital markets, effective resource allocation, and long-term value creation. As a leading asset manager, Phoenix is committed to promoting high standards of corporate governance across its investment portfolio and within Israel’s financial ecosystem.

We recognize that the success of leading companies depends on the health and prosperity of the economies and societies in which they operate. Phoenix is deepening its commitment to corporate responsibility, including targeted support for high-impact nonprofit ventures.

Value Creation from disruption

Phoenix seeks to capturing opportunities and managing risks associated with climate change and the energy transition through product  innovation and investment strategy

  • Electric vehicles, a strategic growth area, now representing 30% of new vehicle sales, supported by targeted brand strategies
  • 268 NISm premiums and revenues generated from selected climate-focused products in 2024
  • Focus on two key climate risks to reduce exposure and enhance underwriting performance
  • 12% Reduction in direct carbon footprint from 2019 to 2024

Investment Stewardship & Corporate Governance

Phoenix is committed to advancing corporate governance across its investment portfolio and in the broader Israeli market.

  • Board composition includes 50% independent directors and 50% women
  • We meaningfully engaged on governance and sustainability matters with 30 portfolio companies in 2024

Social Responsibility

Phoenix supports high-impact initiatives across  education, healthcare, and culture, alongside a portfolio of venture non-profits

  • 11 million NIS in corporate giving in support of non-profits focused on technology education, healthcare, and the arts, especially in Israel’s geographic and social periphery
  • Maintains leading ESG scores with active reporting and transparency, including S&P, Maala, and Greeneye

Our ESG Ratings

We aim to be a role model in our industry and we closely monitor sustainability ratings and industry benchmarks to enhance our performance and transparency.

We actively engage with the following rating agencies:

Global Ratings

Phoenix is the first and only Israeli insurance and financials group to actively engage with S&P Global Ratings since 2022.
Phoenix scored 58 (out of 100) in the 2025 S&P Global Corporate Sustainability Assessment (Score date: 18/07/25)

Local Ratings

Phoenix is the Industry leader in Israel with a score of 74/ 100 (May-24)
Greeneye is a leader in the field of responsible investments in Israel, conducting ESG analysis of all listed companies on the Tel Aviv Stock Exchange.

Phoenix is ranked Platinum + with a score 92/100 (set on July 2025)
Maala is a non-profit corporate membership organization. Maala is considered to be the Israeli standards-setting organization and publishes the Maala ESG Indices on the Tel Aviv Stock Exchange annually.
Phoenix has been active on Maala’s ESG rating  that annually rates the largest companies in Israel