'76% of high-income earners at top companies are men'

By NADAV SHEMER
June 6, 2011 23:28

Social Responsibility Index rate companies on gender equality, environmental factors, social responsibility.

1 minute read.



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business ethics 63. (photo credit: Courtesy)

Seventy-six percent of highincome earners at Israel’s leading publicly traded and private companies are men, according to the annual Maala Corporate Social Responsibility Index.

Eighty-five top Israeli companies participated in the 2011 index, which was released Sunday, representing an aggregate turnover of about NIS 332 billion, or 60% of business-sector GDP.

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Twelve companies participated in the index for the first time, including El Al and the Shufersal retail chain, with another 15 preparing to join in 2012.

The proportion of women employed out of the top 10% of wage earners at the companies remained unchanged from last year, although the figure of 24% is a slight rise from the 20% recorded in 2006. However, the index revealed other statistical imbalances, finding that only 12% of board members are women, while about 7% of employees are from the Arab sector – far lower than their proportion in the population.

On the environmental front, 62% of manufacturers have set goals for waste reduction, and water and electricity conservation, the index found. Some 94% of the participating companies address environmental issues, while 28% of them publish corporate social- and environmental-responsibility reports.

The results of the 2011 index indicated a positive trend in the adoption of social- and environmental-responsibility principles among Israeli companies, Maala CEO Momo Mahadav said in the report.

“The process of internalizing change is one that takes place over the long term,” he said. “The challenge for 2012 is to move from formulating policies and procedures toward implementation.”

The index, which has been produced annually since 2003, is prepared in partnership with McKinsey & Company, Ernst & Young, S&P Maalot, the Tel Aviv Stock Exchange and Greeney.


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