UN SSE welcomes Tel-Aviv Stock Exchange
8 February 2021
The Tel-Aviv Stock Exchange (TASE) has solidified its commitment to transparency and sustainability by becoming a member of the UN Sustainable Stock Exchanges initiative. The SSE’s newest member joins a network of now 100 stock exchanges around the world that are committed to promoting sustainable development.
“The Tel-Aviv Stock Exchange is dedicated to the promotion of corporate social responsibility, which is conducive to effective governance among the companies listed on TASE, but above all is invaluable to us as a community and a society. As ESG is becoming a prominent and essential component for both Israeli and foreign investors, we place great emphasis on improving transparency and disclosure and gladly undertake collaborations towards this goal.” - Ittai Ben Zeev, CEO of Tel-Aviv Stock Exchange.
TASE is proud to showcase their efforts in advancing gender equality. In 2021, almost 60% of the entire TASE staff are women, including 42% at management level. Since 2018 TASE has hosted a bell ceremony to mark International Women’s Day and this year the new event is scheduled for 08 March, more details here.
TASE's Environmental Indexes
TASE has currently three sustainability-related indexes. The two newest ones launched in 2020, the TA-125 Fossil Fuel Free Climate Index and TA-Cleantech, are part of TASE’s strategy of expanding sustainable investment products, due to the increasing importance of environmental investments and the growing number of investment institutions that are actively encouraging such investments. TA-125 Fossil Fuel Free Climate Index comprises all shares included in the TA-125 Index, excluding shares of Fossil corporations as determined by Life and Environment organization. TA-Cleantech, comprises shares of 12 renewable energy companies. At the time of the indexes launching, Ittai Ben Zeev, TASE CEO, said that "The capital market can and should trigger environmental and social change that affects all of our lives as well as the future generations. Today, TASE is joining the world's leading exchanges, allowing investors and market players to take a moral stand in their investments, by offering a broader and more diversified range of products as part of TASE's long-term strategy."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.
