CORPORATE SOCIAL RESPONSIBILITY AND SUSTAINABILITY
Corporate social responsibility and sustainability activities have recently started to occupy an important place in the agendas of all entities and institutions that are related to the capital markets. As social responsibility and environmental issues are incorporated into the scope of corporate governance, several institutions began publishing corporate social responsibility reports. It appears that exchanges take much part in social responsibility studies and an increasing number of exchanges are developing projects sensitive to social life and environment. Furthermore, studies are carried out through a task force set up within the World Federation of Exchanges (WFE) with a view to identifying the role of the exchanges in creating a sustainable community.
The strategies of WFE-member exchanges relating to sustainability are classified in three general categories:
1) To create awareness in listed companies on environment, social responsibility, and corporate governance issues;
2) To create sustainability indices, to develop information services and products for investors,
3) To set up specialized markets for specific sustainable investment niches.
UN Sustainable Stock Exchanges Initiative (SSE) has been established in 2009 regarding the practical application of the concept of sustainability in capital markets and Borsa Istanbul is one of the 5 Exchanges that signed this initiative at the RIO + 20 Summit in 2012. The number of signatories has risen to 85 by 2019 March. Borsa Istanbul is also a member of the SSE Consultative Group.
As part of our sustainability efforts, Borsa İstanbul launched BIST Sustainability Index on November 4th, 2014. Cick here for detailed information.