SUSTAINABILITY AT BORSA İSTANBUL
Corporate social responsibility and sustainability have become a hot topic in the agendas of all entities and institutions in the capital markets. In particular, the increase in the expectations of investors who are sensitive to these issues has been helpful in raising awareness among both companies and regulators. Incorporating social responsibility and environmental issues into the scope of corporate governance, several institutions began publishing sustainability reports. Exchanges have a big and leading role in sustainability and an increasing number of exchanges are developing projects related to this subject. Furthermore, studies are carried out through a task force within the World Federation of Exchanges (WFE) with a view to identify the role of exchanges in developing a sustainable community.
The strategies of WFE-member exchanges relating to sustainability are classified into three general categories:
1) To create awareness in listed companies on the 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.
A Sustainability Guide was prepared by Borsa İstanbul in 2014 to raise awareness as to sustainability not only among listed companies in capital markets but also among all Turkish companies. The guide aims at answering our companies' questions on sustainability and providing them with a roadmap to follow.
As a part of our sustainability efforts, Borsa İstanbul launched BIST Sustainability Index on November 4th, 2014. Click here for detailed information.
UN Sustainable Stock Exchanges Initiative (SSE) has been established in 2009 towards practical application of the concept of sustainability in capital markets and Borsa Istanbul is one of the five exchanges that signed the foundation of this initiative at the RIO + 20 Summit in 2012. The number of signatories has risen to 90 by July 2019. Borsa Istanbul is also a member of the SSE Consultative Group.
In addition to successful projects carried out by Borsa İstanbul in line with its sustainable development goals, information on sustainability practices in different areas, social responsibility strategies and how these are integrated into the corporate business manner were shared with our stakeholders through Sustainability Reports between 2014-2016. Since 2017, no separate sustainability report has been published, and information on ESG performance and goals is presented to our stakeholders through “Annual Integrated Reports”. In the Annual Integrated Reports prepared in accordance with the International Integrated Reporting Framework (<IR Framework>), information on Borsa İstanbul's sustainable business model and the value it creates for its stakeholders is explained with an integrated thinking approach. Borsa İstanbul's strategic response to external factors and risks affecting capital markets is described from a long-term perspective, and the activities carried out during the year are presented with a materiality perspective.