BIG Shopping Centers Becomes First Israeli Firm to Join SRI Association
BIG Shopping Centers has become the first Israeli company to join the international Sustainable Retail Index association, partnering with major European real estate giants to advance environmental transparency.
BIG Shopping Centers is continuing its European expansion by becoming the first Israeli company to join the SRI (Sustainable Retail Index) association, an international organization promoting sustainability and transparency in retail performance.
The group, controlled by Yehuda and Roni Naftali, joins major European commercial real estate giants such as Unibail-Rodamco-Westfield, Ingka Centres, and Portugal's Sonae Sierra. The move comes just a week after BIG announced its entry into the Bulgarian market.
Sustainability Index for Retailers
The SRI index, developed in partnership with Good On You, allows shopping center owners to evaluate how retail tenants meet environmental and social standards across their entire supply chain, from manufacturing to in-store operations.
As part of the joining agreement, Yasmin Elad, ESG and corporate responsibility manager at BIG, will serve on the association's board of directors. Unibail-Rodamco-Westfield Senior VP and SRI President Sylvain Montcouquiol praised the addition, noting it strengthens a shared approach to retail sustainability.
Strategic Value for Europe
BIG CEO Hay Galis emphasized that the membership reinforces the company's standing in Europe. "We are working to adopt sustainability standards, creating shared value for property owners, retailers, and customers alike," he stated.
