The Tel Aviv Stock Exchange (TASE) published a questionnaire on corporate social responsibility for listed companies for the first time on April 17, 2023. The TASE published the questionnaire with the goals of expanding...more
Global awareness of the impact of greenhouse gas emissions on global warming and the climate crisis has increased in recent years. This has led to various initiatives requiring companies and organizations to report these...more
It appears the draft Arrangements Law for 2023-2024, recently published for public comments, includes several reforms with a direct negative impact on the government’s handling of environmental quality challenges. The draft...more
This week, the Israeli government approved the joint proposal submitted by the Prime Minister and the Minister of Environmental Protection to obligate all government ministries to formulate climate action plans. The proposal...more
The ESG Index (ESGI) represents the three key spheres that encompass responsible investments (or “green investments”)—Environmental, Social, and Governance. The responsible investments market has been rapidly gaining momentum...more
7/7/2022
/ Capital Markets ,
Companies Law ,
Corporate Governance ,
Corporate Officers ,
Corporate Social Responsibility ,
Environmental Social & Governance (ESG) ,
EU ,
Fiduciary Duty ,
Greenwashing ,
Israel ,
Securities and Exchange Commission (SEC) ,
Sustainability ,
Sustainable Business Practices
The Tel Aviv Magistrates’ Court has set a fine totaling ILS 340,000 on Kishle House (which operates the Setai Hotel in Jaffa) and on two company officers after the Israeli Ministry of Environmental Protection filed an...more
The Knesset Finance Committee, headed by MK Alex Kushnir (Yisrael Beitenu), recently approved a mechanism for compensation for the rehabilitation of industrial waste damages caused by Rotem Amfert (of the ICL Group). The...more
The Israeli Ministry of Environmental Protection announced this week its imposition of a pecuniary sanction totaling about ILS 3 million on the leading supermarket chain Shufersal for violations of the Clean Air Law. (In...more
Up until today, pursuant to an Israeli government resolution dating back to 2001, NPOs (such as Amutot and public-benefit companies) that did not possess a certificate of proper management could not engage with government...more
An assessment of environmental, social, and governance (ESG) factors has become an integral part of the due diligence review of companies. Such assessment may provide a potential acquirer with a detailed analysis of a...more
9/30/2021
/ Acquisitions ,
Anti-Bribery ,
Anti-Money Laundering ,
Child Labor ,
Conflict Mineral Rules ,
Corporate Governance ,
Diversity and Inclusion Standards (D&I) ,
Due Diligence ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
Human Trafficking ,
Israel ,
Mergers ,
Modern Slavery Act ,
Reputation Management ,
Risk Assessment ,
Risk Management ,
Supply Chain
The Israeli High Court of Justice ruled recently that section 46 of the Income Tax Ordinance does not authorize the Knesset Finance Committee to exercise broad discretion in recognizing NPOs and in fact the Committee’s...more
The Ministry of Environmental Protection recently published the Memorandum for the Climate Law 2021. The memorandum’s main purpose is to create an organizational framework for Israel’s handling of the global climate crisis....more