The Group conducts itself in accordance with procedures and high standards of corporate governance, stringent ethical standards in its business conduct and it values a high level of transparency. Among the Group’s core values: fair business conduct, managers’ responsibility for their employees, maintaining confidentiality and privacy, preserving employee rights and family values. The Company has a code of ethics that specifies these core values, its policies on social, environmental and community subjects, that is presented on the Company’s website. It is notable that 60% of the directors serving on the Company’s board of directors are independent (including directors from the public).

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The Group promotes integration of green construction methods in the initiation, development and renovation plans of the Group companies, conforming to the most stringent standards existing in the green construction industry, that assure protecting the environment and the health of the Group companies’ tenants. Green construction, or sustainable construction, relates to a process of environmental responsibility, saving resources over the life cycle of the building. Green buildings are intended to reduce the overall effect on the health of people and the natural environment. This is accomplished by efficiently using energy, water and other resources, and by reducing pollution. Efficient and environmentally friendly air conditioning systems are installed in the buildings, which measure the interior air quality, water recycling systems and charging stations for electric vehicles.

Several examples:

1. Leadership in Energy and Environmental Design (“LEED”) – The LEED standard, which was drafted by the American Council for Green Construction, includes five main categories, as follows: sustainable sites; efficient water usage; energy and atmosphere; materials and resources; and the building’s interior environment. All of the Group’s initiated and development projects are planned to comply with the most stringent LEED regulations, LEED Gold or LEED Platinum. The AMOT Atrium Project, which was built by the Group in Ramat-Gan, was awarded the LEED Platinum standard. The “ToHa1” Project, jointly owned by the group, was subsequently also awarded this standard. The AMOT Campus Project in Holon is also in the process of certification under the LEED Platinum standard.
2. The Israeli Standard for Green Construction (IS 5281) – The Standard includes several categories for examination, including: energy, water, materials, waste, health, transportation, and others, as well as several indices for defining a green building. The Standard is divided into common types of buildings, including residential, offices, educational institutions, commercial and public buildings. In this context, we point out that the “Amot Platinum” office tower in Petach Tikva was awarded the highest number of points in Israel in the office building category.
   These green construction methods, for the construction stage and for the operation and maintenance stage, were intended, among others, to enable the Group to reduce the carbon footprint of its properties as a vision for achieving the “Net Zero Carbon” standard.
3. Alongside compliance with stringent environmental standards in construction, the Group uses advanced construction technologies, such as the following:
   • Double Skin Façade walls – Technology for the facades of buildings, using a double-glass wall (providing thermal and acoustic insulation) and an automatic shading system that monitors the angle of the sun, and enables the maximum natural light to enter the building, without direct sunlight (the system is controlled by an automatic control system).
   • Use of recycled materials – The Group companies insist on using materials with recycled components, in accordance with the stringent requirements of the LEED Platinum Standard.

Additionally, the Group, through Energix, is engaged in supporting and financing the construction of visitors’ centers, to educate and expose the young generation to the field of sustainability, with emphasis on environmental protection and preserving the earth’s resources.

The Group companies, in all geographies, are engaged in the development of projects adjacent to public transportation, in order to reduce the use of polluting private transportation, and to encourage the use of non-polluting vehicles, by creating designated areas for bicycle parking, charging stations for electric vehicles, etc., in new projects and developments.

The Group is engaged, through Energix Renewable Energy Ltd., in the construction and operation of systems that produce electricity from solar energy and wind energy in Israel, USA and Poland. The Group, via Energix, aspires to be a private electricity producer that takes an active and leading part in the renewable energy revolution. The Group emphasizes creating added value, that is expressed in the Triple Win Strategy: contribution to the environment, contribution to the community and added value to the Group’s activities – for example, building projects in peripheral areas, while investing in infrastructures and creating hundreds of jobs that contribute to the community, the surroundings of the project and to the environment. This type of project helps a region’s economic development by creating an additional revenue source for the property owners, as well as sources for tax payments and real estate taxes, which strengthen the local councils in the peripheral areasThe Group is engaged, through Energix Renewable Energy Ltd., in the construction and operation of systems that produce electricity from solar energy and wind energy in Israel, USA and Poland. The Group, via Energix, aspires to be a private electricity producer that takes an active and leading part in the renewable energy revolution. The Group emphasizes creating added value, that is expressed in the Triple Win Strategy: contribution to the environment, contribution to the community and added value to the Group’s activities – for example, building projects in peripheral areas, while investing in infrastructures and creating hundreds of jobs that contribute to the community, the surroundings of the project and to the environment. This type of project helps a region’s economic development by creating an additional revenue source for the property owners, as well as sources for tax payments and real estate taxes, which strengthen the local councils in the peripheral areas

The Group sees itself as an integral part of the community in which it is located, and within this framework, the Group supports numerous philanthropic organizations that share the values in which it believes, such as: reducing inequality, assisting and advancing young people, organizations and initiatives related to the health and education of children, et al.  Below are several examples of the Group’s activities in this area:

• Contribution to the community – During 2020, the Group contributed NIS 6.2 million in Israel.
• Volunteering – The Group companies encourage its employees to contribute to the community through volunteering and organizes volunteer days for interested employees. The Group’s employees volunteer, among others, in the mentoring of Bedouin youth, in agriculture, protecting the fields of farmers, preparing food packages, the Israel Police, et al.
• Reducing inequality in minority groups – The Group, through Energix, is creating partnerships with the Bedouin community in southern Israel, including holding enrichment programs and seminars, and also with the Druse community in northern Israel, by giving scholarships to pre-army preparatory programs.
• Gender equality – 45% of the Group companies’ employees in Israel are women. 29% of the Group companies’ managers in Israel are women, and 27% of the directors in the Group companies in Israel are women.
• Accessibility – Most of the Group’s properties are totally accessible, in accordance with the law, out of recognition of the importance of equal rights for the handicapped persons.
• Development of surroundings – The Group develops facilities surrounding its various projects for the benefit of its clients and the public, such as: open, shaded gardens (by building high rise buildings, allowing for use of ground level for public purposes), koi ponds, green roofs, some of which are open to the public, conference centers, restaurants and cafes (also when they are not economically feasible for the Group).
• Equity compensation – The Company sees great importance in its employees identifying with its objectives and, accordingly, all of the Company’s employees benefit from equity compensation. Annually, the Company allocates non-tradeable options, that are exercisable for the Company’s shares at preferential terms, with a long-term outlook.
• COVID crisis – During the COVID crisis, acting out of a sense of social responsibility, the Group felt it appropriate to retain its employees and refrained from furloughing or laying off its employees – and even refrained from pay cuts.

The Group intends to continue to operate, out of an obligation to environmental and social responsibility, while integrating environmental considerations and managing environmental risks in the business and managerial decision-making system of the Group companies, in order to benefit the environment, society and community in which the Group operates.