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Corporate and Social Responsibility
Corporate and Social Responsibility
Global CSR Standards and Ratings
Participation of Leumi and the subsidiaries in ventures in the field of sustainability and
corporate responsibility:
| UNGC – The UN Global Compact (UNGC) is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By joining this initiative, an organization declares a commitment to advance and implement the Ten Universal Principals. By taking this commitment to act upon these values, Bank Leumi has joined thousands of advanced business organizations, active in over 130 countries world-wide who submit an annual Global Compact Communication on Progress (COP). This is an index that cross-references the ten Principles to our approach and how the Principles are integrated into our business. Bank Leumi's 2013 CSR report is in accordance with the principles of the UN Global Compact (UNGC) Initiative |
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| FTSE – FTSE4Good Index is an international Sustainability and Corporate Responsibility Index that measures performance of 2400 major business companies across the globe. The FTSE4Good index was launched in London a decade ago and assesses companies traded in the FTSE All World Index, including companies traded in the TASE. Companies are selected to join the index, according to their threshold performance in managing environmental, social and corporate governance (ESG) issues. Since 2011, Leumi has been included in the FTSE4Good Index |
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| EIRIS – Experts in Responsible Investment Solutions (EIRIS) is a leading global provider of independent research into the environmental, social, governance (ESG) and ethical performance of companies. An independent, not-for-profit organization, it works to help its clients develop the market in ways that benefit investors, asset managers and the wider world. EIRIS provides responsible investment research services to more than 200 clients, including asset owners, asset managers, banks, stock brokers and governments around the world - as well as major index providers. |
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| TRUCOST – Trucost, a research firm whose unique expertise places monetary value on environmental performance. The aim is to help direct the flow of capital toward more sustainable business models and solutions in the marketplace. Trucost provides comprehensive environmental performance data covering more than 93 percent of global markets by market capitalization, including carbon, water, land use, pollutants, waste and commodity flows. The environmental efficiency of a company and its supply chain back to raw material extraction can be accessed on demand for holistic natural capital analysis. |
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| CDP – The Carbon Disclosure Project (CDP) was launched in 2000 to gather and disseminate high-quality information on atmospheric emissions for investors, companies and governments. The information is obtained through responses provided by companies to an annual questionnaire. Since it was formed, the CDP has become the standard methodology for CO2 emissions data disclosure processes, supplying primary climate change data to the global market. The request of information is done on behalf of 767 institutional investors with US$92 trillion in assets. Through measurement and transparency companies are better placed to manage carbon and protect themselves from climate change risk. Disclosed information is made available by CDP for integration in business, investment and policy decision making. In 2013, Leumi joined the Carbon Disclosure Project (CDP) Initiative. Leumi reports to the Initiative with the aim of measuring and disclosing to the public the direct and indirect impacts of the Bank of climate change. |
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| GRI – The Global Reporting Initiative (GRI) is an independent institution whose mission is to develop and disseminate globally applicable sustainability reporting guidelines that help organizations to report on the economic, environmental, and social dimensions of their activities, products, and services. The aim of the GRI Guidelines is to assist reporting organizations and their stakeholders in articulating and understanding contributions of the organization to sustainable development through their reports. Leumi Group has released its  2013 Corporate Responsibility Report. The report summarizes the economic-socio-environmental performance of the Leumi Group, and includes a detailed description of the Group’s reference to various topics, such as: ethics and risk management, dialogue with customers, increasing transparency and clarity of information provided to them, increasing accessibility to services and equal opportunities in employment according to the GRI guidelines. |
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| Maala – Business for Social Responsibility is Israel’s leading advocate for corporate social responsibility (CSR) and good corporate citizenship. Maala is part of a global network of organizations promoting CSR around the globe and ranks dozens of companies every year to assess their commitment to CSR. Maala publishes annually the Maala Corporate Responsibility Index on the Tel-Aviv Stock Exchange. The Maala Corporate and Social Responsibility 2016 index allows companies to examine and rate their performance in the major areas of corporate responsibility. The index, launched in 2006, is voluntary, and participating companies are asked to submit data regarding their activities relating to ethics, community investment, environment, corporate governance and workplace. The Index gives special consideration to issues of transparency, such as publication of ethical codes, philanthropic policy and CSR reporting. The rating provides tools for managing and implementing corporate responsibility areas and allows for annual measurement, mapping gaps and setting targets for improvement in relation to the standard norms in Israel. The Maala Corporate and Social Responsibility 2016 index published on June 29, 2016, has revealed that Leumi retains its place in the highest rating – the Platinum Plus category. |
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