Maala ESG Index 2024
The 2024 index rated 156 companies in Israel, with an aggregate turnover of 460 billion NIS (127 billion USD) and over 270,000 employees. The Index is traded on the Tel Aviv Stock Exchange (TASE).
What's new in the index in 2024?
The Maala ESG Index 2024 presents an updated set of metrics & criteria, that was approved by the independent committee of the index in a rigorous process that included stakeholder dialogue and a public hearing for comments.
The updated index highlights more accurately the unique challenges of each business industry, both in measurement and scoring, and reflects the current standard and expectations from companies in ESG.
Among the main topics that have been updated:
Environment and sustainability: deepening the materiality assessment and highlighting the importance of long-term goals; featuring a dedicated chapter for the financial sector with an emphasis on ESG considerations in investment management and credit provision.
Diversity and gender: strengthening industry benchmarks and increased emphasis on diversity in management levels.
ESG Reporting: Increasing the score on public disclosure of ESG performance. Criteria for multinational companies: publication of an extract of the global ESG report with a focus on the operations in Israel.