Inbrief

The Tel Aviv Stock Exchange published an Index for Social Responsibility last month, listing the top 20 Israeli companies rated by Business for Social Responsibility in Israel (known as Maala). The universe is the Tel Aviv 100 index together with companies among the exchange’s 200 most actively traded shares with a turnover above $100million (£53.6m). A six per cent weighting limit is applied to index constituents, including pharmaceuticals company Teva, which would otherwise account for 42 per cent of the index by market capitalization. Ronit Harel Ben-Ze’ev, director of the economic department at the exchange, expects the index to ‘contribute to developing social responsibility as a norm among companies traded [in Tel Aviv]’.