UN SSE welcomes Tel-Aviv Stock Exchange
8 February 2021
TASE's Environmental IndexesTASE 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.