Borsa Istanbul set to inaugurate Sustainability Index
ISTANBULBorsa Istanbul will launch a sustainability index tomorrow as part of an effort to assess companies trading on the exchange based on their performances on environmental, social and governance issues.
The companies that will be included in the BIST Sustainability Index will be announced at the Sustainability Index Meeting with the participation of Borsa Istanbul Chairman and CEO İbrahim Turhan, the stock exchange announced in a statement released Oct. 31.
Turkey’s sole stock exchange announced that it would start calculating the BIST Sustainability Index “in consideration of the fact that securities exchanges have a significant mission, that is, as a platform to guide companies in the process of adopting policies against environmental, social, corporate governance risks, and transmitting information on companies’ sustainability policies to responsible investors.”
Borsa Istanbul works in cooperation with Ethical Investment Research Services Limited (EIRIS), which has more than 25 years’ experience in environmental, social and corporate governance issues and serves more than 100 global asset owners, managers and index calculators.