Empowering the community and society

 Bank Hapoalim's activities have wide-scale economic effects and added value, including its contribution to the country’s economy by tax payment, local procurement and employment of workers.


As part of its Social Sustainability and Responsibility program, the bank also examines its social responsibility from the following aspects:

  • A combination of social and environmental considerations in choosing suppliers;
  • Providing equal opportunity to and a diversity of suppliers;
  • Protecting the rights of contractor employees working in the bank.

 

During 2012, the bank developed responsible supply chain management and wrote a formal policy of sustainability and CSR implementation in procurement processes. The policy is based on principles such as: dialogue and the creation of shared value, partnership and mutuality, the ambition to form long-term relationships, fairness and transparency. The policy establishes procurement groups of goods and services to which it applies, presents criteria related to sustainability and CSR to be applied to each group's activity, and creates a link to the procurement center's work processes. During 2013, the process of formulating mandatory requirements and criteria for preference of suppliers was completed. The goal of this process was to include these requirements and criteria in contracts with suppliers and in bid evaluation processes.
During 2015, the bank instilled such requirements and criteria in several ways, as detailed extensively in the bank's responsible procurement policy.

Responsible Procurement policy

 

Within the vision, strategy and values of the Bank Hapoalim Group, the bank perceives itself as being committed to active involvement and leadership in society and the community alongside its business leadership and economic initiative. This involvement has materialized through the “Poalim in the Community” program, which is part of an advanced management perception. The bank has also established a national volunteer organizing system called “Poalim from the Heart”, which involves hundreds of the bank’s employees in different areas of the country. 

 

Implementation of the sustainability and CSR program, in view of the its founding principles as described in the report, helped the bank reach significant achievements at all levels of activity. Following are a few examples of the bank's achievements in 2015:

  • Approximately 93% of the bank’s purchasing is from suppliers who are located in Israel and employ workers there In 2015, the bank invested in dozens of non-profit foundations and community organizations in the area of education, working with over 185,000 people (2/3 of them are students – children and adolescents) in hundreds of institutions and dozens of towns throughout Israel. The bank provided aid through more than 280 scholarships to academic institutions for students across the country.
  • At least 25,000 people participated in cultural and artistic activities supported by the bank in 2015.
  • At least 268,000 people received care and assistance in the areas of health and welfare through organizations supported by the bank throughout Israel in 2015.
  • Bank Hapoalim promoted in collaboration with municipalities throughout Israel, a pioneering social program for systemic treatment of the collection and recycling electronics waste, metals, and appliances. The bank has provided full infrastructure for this project, including designated containers developed by an Israeli factory and a recycling company that employs people with disabilities. The program is now accessible to 850,000 citizens.
  • Promotion of volunteer activities at the bank through integrative management by the nationwide volunteering network that involves hundreds of the bank’s employees across the country in an estimated total of 148,700 hours* for employee volunteering to the community.
  • The financial value of Bank Hapoalim’s social involvement over the last 12 years is NIS 499 million, out of which NIS 43 million in 2015.
  • The monetary value of the donations of computer systems by the bank in 2007-2015 is approximately NIS 6.7 million, out of which NIS 393 thousand in 2015.

* Volunteer hours include employees' children's activities. Summer Youth – 30,000-45,000 hours of activity annually.

 

Commitment to the Community

The information and other content presented on this website (including any referrals or links to external websites and/or information) is provided for general information and illustrative purposes only and does not constitute investment advice. Any use of this website is subject to the Terms& Conditions.

WPS1