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Business and Inclusive Growth: Lessons From Israel

Joint publication by prof. David Grayson and Maala "“ Business for Social Responsibility

Published 07-18-19

Submitted by Maala - Business for Social Responsibility

Hilton Israel and Sodastream, winners of the 2018 Israel Diversity Award. Photos by: Sharone Amit.

All over the world, the exclusion of large segments of society from the fruits of economic growth is driving political and social disruption. Inclusive growth – economic growth that enables all segments of society to enjoy its fruits and opportunities – unearths a balance between economic and sustainable development, and seeks to address such systemic social gaps and inequalities. Businesses can, and must be, be a part of the solution.

Maala, Israel’s leading non-profit organization advancing corporate social responsibility (CSR) and sustainability in Israel, and Prof. David Grayson, a leading global writer, speaker and opinion leader on Responsible business and sustainability, are collaborating on a publication that will draw lessons for positive business impact on inclusive growth. The publication will focus on an adaptation of a highly regarded model of positive business impact on inclusive growth, which was developed by Morgan Stanley in collaboration with BSR, the U.S. non-profit leader in the field. The adapted model points to four tracks in which businesses can impact inclusive growth:

  1. Workplace

  2. Marketplace (Products and services, Responsible Advertising)

  3. Supply-chain

  4. Business and society(eg. community investment)

The publication will feature case studies of Israeli businesses, highlighting their distinctive contribution to inclusive growth. It will also offer insights relevant to the global discourse on the potential of businesses contributing to inclusive growth. 

A global advisory board comprised of leaders in the field is assisting the work on the publication. The publication will be launched at the Maala international conference, December 4th, 2019, in Tel Aviv, Israel. 

If you're interested in the issue, we'd love to hear your thoughts on this topic as we progress with this publication. Please contact us at elisha@maala.org.il

Maala is a non-profit corporate membership organization promoting sustainability and corporate responsibility in Israel. Founded in 1998, Maala is considered as the Israeli standards-setting organization, annually publishing the Maala ESG Indices on the Tel Aviv Stock Exchange. Maala also serves as a ‘hub’ of the Israeli CSR community within Israel and in representing Israel within global CSR and sustainability networks. 

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Maala - Business for Social Responsibility

Maala - Business for Social Responsibility

Maala is a non-profit corporate membership organization promoting ESG and corporate social responsibility (CSR) in Israel. Founded in 1998, Maala is considered as the ESG standards-setting organization in Israel. Presently, the membership organization is comprised of some 130 members, Israel’s largest companies.

Maala publishes the Maala ESG indexes annually on the Tel Aviv Stock Exchange, and as of 2016 organizes an annual international conference in Tel Aviv.

Our Mission

Helping companies increase their social and environmental impact

  • Sharing practices & mutual learning
  • Flagging priorities & developing joint initiatives
  • Setting voluntary standards for business in Israel

Driving Change through

  1. A network of 120 member companies, Israeli and global companies operating in Israel 2. A hub for sustainable business practices, solutions and cross-sector collaboration.
  2. An annual CSR index rating 153 companies, also traded on the Tel Aviv Stock Exchange.

Maala ESG Index Facts & Figures

  1. Over 150 companies rated. (vs. 47 when the index was launched in 2006)
    - Approx. half are of Israel’s large companies, rated on the Maala Advanced Index
    - Approx. half are of Israel’s mid-size companies, rated on the Maala Basic Index
  2. Aggregate revenue: $137 billion; over 350,000 employees
  3. TA Maala Index includes half of the total market value traded on the TASE.

Maala ESG Index Main Features

  1. National based index – a prestigious Israeli business club
  2. Local adaptation of global ESG and sustainability standards
  3. A guidebook for local expectations and priorities
  4. Reflects local market business culture

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