Stock exchanges
Number of listed companies
Domestic market capitalization
million US$

Tel-Aviv Stock Exchange

Name Tel-Aviv Stock Exchange (TASE)
Country Israel
Number of listed companies 457
Domestic market capitalization 242593 million US$
SSE Partner Exchange No
Has annual sustainability report No

ESG reporting required as a listing rule No

  • However, TASE now requires that investors take social responsibility into consideration in their policy statements (Annual Review 2017).

Has written guidance on ESG reporting No

Offers ESG related training No

Market covered by sustainability-related index Yes

Has sustainability bond listing segment No

Has SME listing platform No

Additional information
  • Immediately after the approval of the demutualization plan of TASE, a member holding means of control of TASE at a rate higher than 5%, such holdings will not be granted rights beyond the rights conferred by a holding of 5% of all means of control of the TASE.

Organizational model of stock exchange
  • Private company for profit; in process of demutualization (2017).

Regulatory bodies

Regulatory model
Strong Exchange (SRO) Model

  • The Tel-Aviv Stock Exchange (TASE) has strong regulatory jurisdiction when it comes to market operation. TASE’s own rules govern membership, listing and registration of companies and securities, market Surveillance, and obligations of listed companies. Any additional regulation comes from the Israel Securities Authority, which acts as a second layer of regulation and market oversight.

About the stock exchange
Location: Tel Aviv, Israel

  • The Tel Aviv Stock Exchange fulfills a major role in the Israeli economy and is a key  player in the nation’s economic growth. It is the home turf on which corporate Israel raises capital to finance investments and activities, and for the government to bring the public into its companies as they are privatized. The state-of-the-art exchange is also home to the local investment community and securities sector. Today the market has become an advanced, top of the line venue for trading in securities of all types.  Multiple reforms have opened the Israeli market to the world, and brought the world to the Israeli investor. Yet the advanced technology and the sophistication of its wares assures that the TASE will remain a vital trading arena for Israeli and foreign investors alike. (Source).

Stock Exchange Database Criteria

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.


Criteria Considered

Conducts business in Country or Market in which the stock exchange operates
Number of listed companies (Date updated) Updated either by the stock exchange directly or using WFE data
Domestic market capitalization  Updated either by the stock exchange directly or using WFE data
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include: 

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.