Azrieli Group marks a significant milestone in its corporate responsibility activity with its first-time inclusion in the Maala Index – Israel’s leading ESG (Environmental, Social, and Governance) rating. In its very first year of participation, the Group earned a Platinum rating, reflecting its high level of commitment to responsible and values-driven management.
ESG values are a central pillar in Azrieli Group’s business strategy, guided by long-term vision and a recognition of the need to protect the environment, strengthen the community and human capital, and maintain corporate governance at the highest standards.
The commitment to sustainability is reflected in a cross-organizational process that included the formulation of procedures, improvement of environmental and social indicators, expansion of the reporting framework, and the implementation of advanced green building standards.
Among other actions, the Group conducted a climate risk mapping based on the TCFD (Task Force on Climate-related Financial Disclosures) methodology and began examining AI systems for environmental monitoring. These efforts also led to improved scores in international ESG ratings.
In the social sphere, the Group promotes employment diversity and accessibility, working to reduce disparities by integrating social values into its commercial operations. Among its initiatives are programs for small businesses in underprivileged areas, projects to strengthen community resilience, and ventures in the circular economy sector, such as reducing waste sent to landfills and increasing recycling rates.
At the same time, the Group recently reported that it signed a memorandum of understanding with Shikun & Binui Energy to establish a solar facility in Ramat Beka. As part of the agreement, Azrieli Group will acquire 50% of the project, which is intended to supply green electricity to all of the Group's sites across the country for 20 years. This move represents another layer in integrating sustainability principles into the Group's business strategy.
This commitment is also evident in existing projects. The Azrieli Sarona Tower recently received LEED v5 O+M Platinum certification – the highest level of the international green building and sustainable operation standard – becoming the first project in the Middle East to achieve this distinction.
The tower meets the highest standards of environmental management, energy and water efficiency, air quality monitoring, and collaboration with tenants and visitors. The Spiral Tower, currently under construction, will be the first of its kind in the world to be built entirely from recycled aluminum – a step expected to reduce carbon emissions by approximately 86% compared to using new aluminum.
Danna Azrieli, Chairwoman of the Group, stated: “As a real estate company shaping the Israeli urban landscape, environmental and social responsibility is an integral part of our business core and our vision for the future. We believe in environmental Zionism – a concept that connects building the land with preserving environmental resources for future generations.
"Accordingly, our development decisions regarding asset construction, the raw materials we use, and the way we manage our properties are based on a worldview that combines maximizing financial return alongside maximizing social and community impact. Joining the Maala Index and the impressive achievement we earned in our very first year are a launching point for Azrieli Group.
They reflect the path we have chosen – a path of transparency, continuous learning, and renewal. We are committed to continuing to set a high bar for ourselves, to adapt to environmental and social challenges, and to lead real change based on responsibility, values, and determination.”