Bank Hapoalim has won the Climate Bond Initiative award, becoming the first Israeli bank honored this way.
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The Climate Bonds Initiative is an international organization working to mobilize global capital for climate action. The award is its top recognition of leadership and innovation in green finance.
The CBI's announcement said that Bank Hapoalim earned the award because it was a "trailblazer for green bond issuances in Israel."
Fund Transfer Pricing Manager at Bank Hapoalim Ron Meiri was cited in the statement as saying, "We are honored to receive CBI's Green Market Pioneer in Israel 2021 award. Bank Hapoalim's Green bond is the first-ever green bond issued by an Israeli entity. Bank Hapoalim leads the Israeli financial sector in green financing, and this issuance supports the bank's ambition to increase financing that promotes the environment and the transition to a low-carbon economy."
