2011 Maala-Business for Social Responsibility (Israel) Index unveiled
Posted on wbcsd – World Business Council for Sustainable Development
July 2011 – Maala-Business for Social Responsibility recently unveiled the results of its 2011 CSR Index at the Tel Aviv Stock Exchange (TASE). Some 85 leading companies participated in the Index, representing 60% of the business sector’s output.
First published in 2003, the Maala-Business for Social Responsibility Index ranks public and private companies in Israel according to their commitment to Corporate Social Responsibility (CSR) principles. It is intended to encourage companies to integrate social and environmental goals into their business models. The Index includes public companies traded on the TASE as well as local branches of multinationals such as: Intel, Microsoft, HP, Siemens SAP, P&G, Unilever, Motorola, Coca Cola and others.
Released on June 5, the findings of the 2011 Index show a continuing upswing in the adoption of CSR principles by Israel’s most prominent companies.
Other findings of the Index include:
- 62% of manufacturers have set goals for waste reduction, water and electricity conservation
- 94% of participating companies are addressing environmental issues
- Among participating companies, 7% of employees are from the Arab sector, while only 1.1% employ people with disabilities
- 84% of the companies educate their employees about sexual harassment in the workplace
- Among 40% of companies, less than 1/3 of the board of directors is composed of independent board members, as per government recommendations
- Only 12% of board members are women
- 76% of top income earners in the companies are men
- Only 24 out of the 85 companies ranked publish corporate social and environmental responsibility reports
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