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