Exchange in Focus: TASE Publishes Its First Sustainability Report
1 May 2022
Advancement of ESGTASE is working on multiple levels to develop and strengthen ESG practices in Israel, among others, by launching new products, courses and training. TASE has launched 3 ESG indices in recent years: TA-125 Fossil Free, Cleantech, and the veteran Maala Index. 12 tracking products were launched on these indices. In addition, 29 ETFs and tracking funds on global ESG indices are traded on TASE. TASE is a partner of the UN Sustainable Stock Exchange (SSE) initiative, which works to encourage exchanges around the world to adopt and advance ESG standards. In 2021, TASE held its first ESG conference and is currently planning to open a new course that, for the first time, offers practical training for the use of ESG strategy in the management of investor relations. The course will be presented in cooperation with the Israeli Investor Relations Forum of the Israeli Association of Publicly Traded Companies and the Israeli Forum for Impact Economy. Regarding sustainability reporting, a quarter of the 125 companies included in TASE's TA-125 flagship index issued ESG reports recently. To improve transparency and allow exposure to the companies that publish an ESG report, TASE aired on its website a dedicated page containing a list of 40 TASE-listed companies that published an ESG report, including a link to the relevant page on the company's website. TASE has also published that more than half of its employees (52% of 258 employees) are women. Women hold 42% of executive positions. The Exchange operates two programs for the integration of diverse populations: a project that integrates employees with autism and a project that integrates youths that dropped out of the school system. The purpose of the projects is to provide the participants with tools and skills that will help them gain employment. In addition, TASE has invested in close to 1,700 training hours for employees in 2021, including professional seminars, educational seminars, executive training and more. More about the developments of The Tel Aviv Stock Exchange (TASE) in the sustainable development field visit: www.tase.co.il To learn more and see which other exchanges publish sustainability reports, visit the SSE’s database of stock exchange sustainability activities. Currently, the database has data on 116 stock exchanges and tracks progress on key activities where exchanges are promoting sustainable business and investment practices. It is the largest data set of its kind and the data is freely accessible.
About the SSE
The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. The SSE’s mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organizations, can enhance performance on ESG (environmental, social and corporate governance) issues and encourage sustainable investment, including the financing of the UN Sustainable Development Goals. The SSE seeks to achieve this mission through an integrated programme of conducting evidence-based policy analysis, facilitating a network and forum for multi-stakeholder consensus-building, and providing technical assistance and advisory services.