CMB has announced The Sustainability Principles Compliance Framework

CMB has announced The Sustainability Principles Compliance Framework
10/2/2020

The Sustainability Principles Compliance Framework was put into practice with the Capital Markets Board's Communiqué No II-17.1.a on Amendment of the Corporate Governance Communiqué No II-17.1  published in the Official Gazette dated 02.10.2020 and announced to the public through a press release made by the Capital Markets Board (https://www.spk.gov.tr/Duyuru/Goster/20201002/0). The studies on the “Sustainability Principles Compliance Framework”, conducted within the scope of the action subject titled “Encouraging our companies to get more shares from global sustainable investment flows” under the action plan of the Coordination Council for the Improvement of Investment Environment (YOIKK) and for which Borsa İstanbul is the responsible institution, has been completed with this regulation.

This new regulation is considered to be an important step for sustainability studies in our country. Due to the “comply or explain” basis introduced by this regulation on Environmental, Social and Corporate Governance, it is expected that, over time, more companies among the companies traded on our stock exchange will make efforts. In this way, it is thought that more investment can be attracted in the long term to companies working on Environmental, Social and Corporate Governance, which investors take into account in their investment decisions.