Τhe ratings were presented at the Tel Aviv Stock Exchange Hall during a Bell Ceremony that took place on Tuesday morning, with the companies’ representatives being present through the Zoom platform due to COVID-19 restrictions.
Energean was represented by Ilia Rigas, Head of CSR for Energean Group, and Shaul Zemach, Energean’s Country manager for Israel.
Maala is a non-profit corporate organization promoting Corporate Social Responsibility (CSR) in Israel. It is considered to be the CSR standards-setting organization in Israel with most of largest companies operating in the country as members.
The Maala Index is an assessment tool benchmarking companies that operate in Israel on their Corporate Social Responsibility performance.
This specific Index is an ESG rating system that annually rates around 25% of the largest companies operating in Israel.
The rating serves as a management system to implement and measure Environmental, Social and Governance standards (ESG).
An Index was listed on Tel Aviv Stock Exchange in 2005 as TA-Maala Index, and has so far outperformed the traditional market indices.