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Regulation / Corporate Governance and ESG

The ESG (environmental, social and governance) area has developed a great deal in recent years. It now has major immediate effects on corporations.

Companies can no longer afford to disregard the principles of corporate responsibility in the areas of environment, society and corporate governance, as today, in some business sectors, these principles have become binding regulation and a code of conduct corporations must accept.

  Accordingly, both private and public companies face new challenges in the corporate responsibility area. Meeting these challenges requires a thorough understanding of different types of regulation, crisis management experience, a willingness to implement structural changes, and the ability to navigate different, and at times conflicting, business goals.

  Development in the area includes the increasing commitment to ESG, reflected in the duty to act with transparency, reduce business operations’ ecological footprint, promote gender equality, and other values. This commitment stems from “upward” pressure (from investors, customers, employees, and so on), from regulation and legislation, and from the recognition that, ultimately, abiding by these values helps the bottom line. As a result, ESG has become the standard for some investments and an indicator of the profitability of investing in a company and of promoting values.

  The Barnea Jaffa Lande Corporate Responsibility Team is comprised of attorneys with a wealth of experience in advising and counseling companies, private and public alike. The team is familiar with the complexities associated with managing a business; relationships between investors and executives; companies’ duties to shareholders, boards of directors, and the law; and being subject to scrutiny by the public, the press, and regulators.

  The team advises and counsels clients based on its knowledge and experience handling various ESG issues. It works in close cooperation with the firm’s Capital Markets, Regulation, Environmental Law, and Labor Law Departments. We help clients draft and establish different compliance programs to meet ESG duties, advise on clients’ various contractual relationships and their effect on ESG matters, support communication on these aspects between different corporate organs, and help design forward-looking corporate and business policies, considering the ever-changing regulatory landscape.

 

Back to Regulation

News and updates - Regulation / Corporate Governance and ESG:


June 8, 2022

“The Rules of the ESG Game Have Changed” – Zvi Gabbay Column in TheMarker

USD 1.5 million fines, preliminary administrative proceedings, dramatic resignations—growing enforcement on ESG issues is becoming a bigger trend. Who should be preparing for this change and how will it affect Israeli companies?

May 17, 2022

ESG, from Voluntary Process to Legislation

As part of the compliance forum our office leads, in collaboration with the ACC and with Tali Guy, Teva's VP of Compliance, we hosted a meeting of legal counsels. Dr. Zvi Gabbay lectured on ESG’s implications for the compliance field and how companies should prepare for future regulations.

December 5, 2021

Israeli Ministry of Environmental Protection: ILS 3 Million Sanction on Shufersal

The Israeli Ministry of Environmental Protection announced this week its imposition of a pecuniary sanction totaling about ILS 3 million on the leading supermarket chain Shufersal for violations of the Clean Air Law. (In particular, the company violated provisions mandating the reduction and prevention of air pollution from its vehicles).

Regulation / Corporate Governance and ESG

The ESG (environmental, social and governance) area has developed a great deal in recent years. It now has major immediate effects on corporations.

Companies can no longer afford to disregard the principles of corporate responsibility in the areas of environment, society and corporate governance, as today, in some business sectors, these principles have become binding regulation and a code of conduct corporations must accept.

  Accordingly, both private and public companies face new challenges in the corporate responsibility area. Meeting these challenges requires a thorough understanding of different types of regulation, crisis management experience, a willingness to implement structural changes, and the ability to navigate different, and at times conflicting, business goals.

  Development in the area includes the increasing commitment to ESG, reflected in the duty to act with transparency, reduce business operations’ ecological footprint, promote gender equality, and other values. This commitment stems from “upward” pressure (from investors, customers, employees, and so on), from regulation and legislation, and from the recognition that, ultimately, abiding by these values helps the bottom line. As a result, ESG has become the standard for some investments and an indicator of the profitability of investing in a company and of promoting values.

  The Barnea Jaffa Lande Corporate Responsibility Team is comprised of attorneys with a wealth of experience in advising and counseling companies, private and public alike. The team is familiar with the complexities associated with managing a business; relationships between investors and executives; companies’ duties to shareholders, boards of directors, and the law; and being subject to scrutiny by the public, the press, and regulators.

  The team advises and counsels clients based on its knowledge and experience handling various ESG issues. It works in close cooperation with the firm’s Capital Markets, Regulation, Environmental Law, and Labor Law Departments. We help clients draft and establish different compliance programs to meet ESG duties, advise on clients’ various contractual relationships and their effect on ESG matters, support communication on these aspects between different corporate organs, and help design forward-looking corporate and business policies, considering the ever-changing regulatory landscape.

 

Back to Regulation

News and updates - Regulation:


June 8, 2022

“The Rules of the ESG Game Have Changed” – Zvi Gabbay Column in TheMarker

USD 1.5 million fines, preliminary administrative proceedings, dramatic resignations—growing enforcement on ESG issues is becoming a bigger trend. Who should be preparing for this change and how will it affect Israeli companies?

May 17, 2022

ESG, from Voluntary Process to Legislation

As part of the compliance forum our office leads, in collaboration with the ACC and with Tali Guy, Teva's VP of Compliance, we hosted a meeting of legal counsels. Dr. Zvi Gabbay lectured on ESG’s implications for the compliance field and how companies should prepare for future regulations.

December 5, 2021

Israeli Ministry of Environmental Protection: ILS 3 Million Sanction on Shufersal

The Israeli Ministry of Environmental Protection announced this week its imposition of a pecuniary sanction totaling about ILS 3 million on the leading supermarket chain Shufersal for violations of the Clean Air Law. (In particular, the company violated provisions mandating the reduction and prevention of air pollution from its vehicles).

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