Leumi Awarded Maala Index’s Highest Rating for Social Responsibility-The Platinum Plus Ranking
The Maala Index seeks to honor and recognize those companies who make social responsibility a top priority, and actively work towards the benefit of the community, country and greater environment. The Maala Index recognizes those businesses that not only work towards the benefit of society, but have developed organized plans-of-action in order to achieve such goals.
In the Maala Index for Corporate Responsibility, published on June 10, 2012, Leumi received the highest possible ranking for CSR, the platinum plus ranking.
The Maala Index has been ranking public and private companies on the basis of their social responsibility and community involvement since 2003, and is Israel’s leading advocate for corporate social responsibility (CSR) and good corporate citizenship.
The ranking is based on information provided by companies on a voluntary basis, with participating companies electing to disclose and report information on their own accord and without any legal requirement. Those companies who participate in the Index are those public and private firms with annual turnover rates of about 320 million NIS or more, and who are listed in the D&B Yearbook or on the Tel-Aviv Stock Exchange.
The Maala Index includes 85 firms, including 51 publicly traded and 34 privately traded companies, government firms, and Israeli companies traded on global indices. The Maala rating examines six key categories of corporate responsibility in business: environmental responsibility, business ethics, work environment, community involvement, corporate governance, and management and reporting.
This year, Leumi received the highest Platinum Plus award based on the following scores (out of a possible 10 points):
At Leumi Social Responsibility is not merely a slogan.
Leumi is also the first financial body in Israel to publish a fullSocial Responsibility Report in 2007, pursuant to the international instructions of the GRI Organization, which leads the social responsibility issue globally.
Leumi CEO, Ms Galia Maor, said, “Since the dawn of its establishment, Leumi has established itself as a leading body in the social field, contributing to the development and prosperity of Zionist enterprise and the State of Israel and taking an active role in communal affairs.”
The most recent social responsibility report for 2009 and 2010 was released in September of 2011. In order to deepen the conversation with stakeholders, add information and to increase transparency and accessibility to this information, the social responsibility report is now available to the public in digital format on its own dedicated web site.
Please click here in order to read the full Hebrew report. The English version will be published shortly.
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