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CSR Law Proposal (Obligatory Reporting)

Israel Forthcoming 2014

The law proposal intends to find a method for regulating CSR in a more sophisticated manner. The law does not seek to set a harsh standard for corporations to obey 'as is'; rather, it outlines a detailed set of sustainability reporting guidelines.

Issuer name

Israel Securities Authority

More information

In may of 2016, the institute for CS was still lobbying for this bill in Israeli Parliament. These guidelines shift the enforcing responsibility from state agencies to the public. The public (through specialized NGOs) would now be able to judge and rate each corporation according to its performances. Today, the public and even business managers are eager to have a clear set of expectations in regards to CSR and some even prefer to shift to a model of CSR that is bound by law and under state supervision, where the requirements are clear to all. (update 10/7)

Organizations covered by the instrument

All Companies

Industry scope

All/none specified

Disclosure venue

Data disclosure to government

Status

Forthcoming

Country

Israel

Region

Africa & Middle East

Date of publication

2014

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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