Sustainability

Sustainability
Sustainability in Borsa İstanbul

Corporate social responsibility and sustainability have become hot topics in the agendas of all entities and institutions in the capital markets. In particular, the increase in the number and in the expectations of investors who are sensitive to these issues have 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 promoting sustainability and an increasing number of exchanges are developing projects related to this subject. Furthermore, studies are carried out through a task force established 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 ESG-compliant investment instruments

Borsa Istanbul Sustainability Guide for Companies (in Turkish) was first published in 2014 and updated in 2020. The guide provides companies a roadmap on environmental, social and corporate governance (ESG) issues. It aims to help companies with adapting environmental, social and corporate governance factors to company operations and decision mechanisms and managing the risks that may arise from these issues. It sets out the framework that companies should pay attention to, in order to meet investor expectations on action and reporting regarding ESG. The guide is a helpful tool for companies to position themselves correctly to become more attractive for international investments.

As part of sustainability efforts, Borsa İstanbul launched BIST Sustainability Index on November 4th, 2014. 

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 has been one of the first five exchanges that have signed the foundation document at the RIO + 20 Summit in 2012. By end of July 2019, 90 stock exchanges have become member of SSE. Aware of the importance of SSE initiative for stock exchanges, Borsa Istanbul financially contributed to SSE and, hence, has been proudly rewarded “SSE Official Supporter in 2019.” The exchange is also a member of the SSE Consultative Group.

In addition to its successful projects realized in line with the Sustainable Development Goals put forward by the UN, information on sustainability practices in different areas, social responsibility strategies and how these are integrated into corporate business procedures were made public through Sustainability Reports between 2014-2016. Since 2017, no separate sustainability report has been published, and information on ESG performance and goals has been presented to stakeholders through Annual Integrated Reports. In 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 have been explained with an integrated 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.  

Environmental Management

Environmental Management System

Borsa İstanbul A.Ş. Environmental Management System Directive specifies the procedures and principles related with Borsa İstanbul’s compliance with legal regulations on environmental issues and the preparation, execution, monitoring, audit and review of the environmental policy of Borsa İstanbul together with the relationship and channels of communication among  the environmental impacts, activities and Sustainability Committee.

Click here for Borsa İstanbul A.Ş. Environmental Management System Directive.

Environmental Policy

As a company operating in the services sector, we have developed our Environmental Policy in a compatible way with our environmental sustainability consciousness and our integrated sustainability approach in order to ensure our continual contribution to environmental protection throughout our business activities,

Sustainability Committee is responsible for managing environmental sustainability. We handle our environmental sustainability-related activities under climate change with regard to the energy usage and greenhouse gas emissions related to our operations, other emissions, water and wastewater, and waste management and recycling components.

Click here for Borsa İstanbul A.Ş. Environmental Policy.

Please feel free to contact with our Environment Officer for any questions, comments, suggestions or complaints you may have about Borsa İstanbul’s environmental management activities:

Sibel Kılıçsoy Öztürk

Support Services Department

sibel.kilicsoy@borsaistanbul.com

T: +90 212 298 21 61

Borsa İstanbul Schools

432 schools and 800,000 students in 18 years

Borsa İstanbul Schools that started being built in 1998 are among  the most important investments in Turkish  education.

The “Physical Contribution to National Education Project” (PCNEP) that started in 1997 for the construction of 46 schools with the support of İMKB (Istanbul Stock Exchange) Education Fund  on a TL 32 million budget, has today become a giant project with 432 schools. The project aims at speeding up the construction of schools especially in East and South East of Turkey and strengthening the education system. Within this context, Borsa İstanbul has been the initiator for improvement of education in many cities and for more students to benefit from this opportunity by financing the construction of these schools with its own equity capital. With the project, university faculty buildings, administrative buildings, social facilities, public education centers, primary schools, high schools, apprenticeship schools, boarding schools, vocational schools, dormitories, public housing, sports and arts centers were offered for students.

Among the goals of investments for education institutions in the cities that do not have sufficient means was to provide equal opportunity for education. Increasing the level and quality of education in Turkey in general and spreading awareness for education were aimed. One other contribution of the project has been the opportunities provided for the people who want to take up a profession. During summer time and at the weekends when common education does not take place, trainings and handcraft workshops were  organized in these schools. Thus, adults who graduated from these workshops were provided with the opportunity to go in business life.

SCHOOLS WERE FINANCED ENTIRELY ON EQUITY CAPITAL

In the beginning, a TL 32 million fund from Borsa İstanbul’s accumulated resources was allocated for this project. Called Borsa İstanbul’s Contribution to Education Fund, the fund is managed by Borsa İstanbul, and the proceeds that accumulate in the Fund are also used for the project. Since 1997, 432 education institutions of 53 different types have been built and no additional resource transfer has been made during this procedure. The project is run entirely on Borsa İstanbul’s equity capital, and a total amount of TL 1.5 billion has been spent. The first protocol of the project was signed in 1998, and since then, approximately 800 thousand students in 80 cities and 277 districts have been provided with education opportunity so far.

Borsa İstanbul Art Collection

Committed to contributing to cultural development since its establishment, Borsa İstanbul has more than 400 artistic works within its premises.

ABDULLAH DEMİR 1996

ABDURRAHMAN ÖZTOPRAK 1993

ADİL OCAK 2000

ADNAN TURANİ 2004

AHMET ÇOKTAN 1999

AHMET ÖZOL 1995

ALİ KOÇAK 1996

AYLA AKSUNGUR 1997 (2)

AYLA AKSUNGUR 1997

BENİCE GÜMRÜKÇÜOĞLU 1999

DURMUŞ ALİ AKÇA 2003

BÜNYAMİN BALAMİR 2000

DERYA SAATCİOĞLU 2001

ERCAN GÜLEN 2003

ERCÜMENT TARHAN 1995

ERCÜMENT TARHAN 1998

ERKAN ÖZDİLEK 1999

ERKAN ÖZDİLEK 2000

EROL BATIRBEK 2002

ESMA CİVCİR 2004

FİRUZ AŞKIN 1990

FİRUZ AŞKIN 1997

FÜSUN SAĞLAM 1991

GÜLER AKALAN 2002

GÜLER ÇAKIR 2005

HABİP AYDOĞDU 2002

HAKAN DİLEK 2002

HÜLYA PONTAİS 1994

İBRAHİM KUZEY 2005

IŞILAR KÜR 1996

KEMAL ULUDAĞ 2002

MAHMURE ÖZÇELİK 1997

MİNE ARASAN 2001

MİNE&RUHAN KARTAL 1995

MUSTAFA GÜNEN 1998

MUZAFFER TİRYAKİ 2002

MÜRECCEL KÜÇÜKAKSOY 1996

NAZİFE ALATAŞ 2000

NEVİN ZAHAL TOLLU 1999

NUMAN ARSLAN 1999

RIFAT KOCAK 1998

SEBA UĞURTAN 1997

SEBAHAT ERDEM 2012

SENAN EYNULLAYEV 2001

STEFAN ROSKOVANYİ 1997

ŞEDAN AKYOL 2000

UTKU VARLIK 1993

ZAFER SARI 2000

ZEHRA BAYAZIT 1995

ZEKİ SERBEST 2004