Ormat Technologies, Inc. – Racial Justice Audit (2022) — Issue Type =
Outcome: Successfully withdrawn following the company’s commitment to expand gender diversity in its director ranks by the June 2022 AGM; commitment to revise its Corporate Governance Guidelines such that its commitment to assemble a diverse slate, including diversity of age, gender, ethnicity and race, for each candidate pool for open board and senior leadership seats is clearly stated, and an agreement to publish a Board diversity matrix in its 2022 proxy statement.
Ormat Technologies – Executive Leadership Diversity (2020) — Issue Type =
Outcome: Successfully withdrawn following a commitment to include in its 2019 Sustainability Report - issued by fall 2020 -enhanced disclosure of the Board’s assessment of executive leadership diversity, as well as comprehensive workforce composition data (percent and absolute metrics by gender and ethnic/racial minority and non-ethnic/racial minority where available and based on EEO-1 reporting). The company will update 2018 diversity and inclusion disclosures and discuss efforts to expand diversity across its employment ranks.