Government funding for companies in Israel to publish ESG reports
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Itai Nixon, Director of Economic affairs at the Israeli Ministry of Strategic Affairs, describes the rationale behind the Ministry’s initiative to encourage Israeli companies to publish ESG and sustainability reports in English.
There are several exemplar CSR practices in Israel, and the Ministry is encouraging companies to formalize and make their work and efforts transparent and public so that global investors will have more information on companie’s ESG performance and a good basis to start engaging in dialogue with the companies.
The Ministry’s aim is to signal to the market that this is important with the hope that Israeli companies will “buy in” and double the number of ESG reports published in Israel.
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