Maala SRI Index 2017 revealed at the TASE for the 12th year

Press Release
13/06/2017
 
​Maala organization has launched the Corporate Social Responsibility (CSR) Day at the TASE. The index comprises 128 companies this year, eight of which are large companies that joined the index only this year. The number of medium companies has doubled compared to last year. In total, the 128 companies represent an annual turnover of approximately NIS 410 billion, and employ about 310,000 employees. In comparison, the index in 2016 comprised 98 companies. 

Maala CEO, Momo Mahadav, addressed these results, saying: "The TA-Maala SRI Index, published annually, illustrates the social impact of leading companies in the market: medium and large; public, private and governmental. 

“This year's index displays several new categories, thus highlighting how the field of social responsibility has increased within the companies, including issues such as handling low-wage workers, purchasing commitments with respect to small and medium enterprises, preventing traffic accidents, and even preparing for retirement. The index is meant to demonstrate how the business sector has become part of the solution for important issues of the Israeli public, such as how companies can help employees cope with the cost of living and how the companies can improve relations with their suppliers. 

“The Maala SRI Index is one of the indices with the highest rate of return. This is because the listed companies have realized the importance in addressing the Israeli public’s needs." 

TASE CEO, Ittai Ben-Zeev said: "The information presented by Maala indicates that quite a number of small and medium-sized businesses have joined Maala index. We believe in the potential of these companies, as well as in the potential of many governmental companies, which we hope will join the TASE and become public companies, thus allowing the Israeli public to enjoy the strengths of Israel’s economy. One of the things not covered much in the Israeli media is the quality of Israeli managers. Many of these companies owe their success to their employees, managers and boards. Both the market and investment managers need to know how to properly pricing those establishments that are properly managed from a strategic, long-term perspective and that know how to find the right balance between the various interests. In Israel there is more that can be done in this manner to make the stock market more powerful so that it coincides with the strengths of the Israeli economy."

Photo: CEOs of the major companies in the Israeli market.
Photographer: Yoav Zohar

CEOs of the major companies in the Israeli market.