Borsa Istanbul Has Taken A Step Towards Sustainability

Borsa Istanbul has taken a step towards sustainability. It has been announced that some innovations will come to the stock market.

Borsa Istanbul General Manager Korkmaz Ergun gave some messages in the field of sustainability in his speech at the gong ceremony held within the scope of Europap Tezol Kağıt's inauguration in Borsa Istanbul. Stating that they will take another step in the field of sustainability on October 1, as Borsa Istanbul, Ergun said, "We have raised the sustainability criteria, that is, we have raised the bar. In order to be included in the Sustainability Index as of October 1, companies need to meet higher criteria. In this way, companies have to improve their sustainability performance. As of October 1, company valuations will be made continuously, not once a year."

Emphasis On Increasing Transparency

Stating that companies can update their data at any time throughout the year and the ratings can be revised to include these updates, Ergun stated that companies that meet the index criteria will be included in the index from the beginning of the following first quarter. Stating that the number and diversity of sustainability indices will increase, Ergun added that they will ensure the establishment of futures contracts and similar financial products. Stating that this will make it easier for investors to invest in the sustainability theme, Ergun said, "We have also given importance to increasing transparency in sustainability in the new period. Now both our companies and investors will be able to access all sustainability data easily. Another issue is to encourage all our companies, big or small, to take action on sustainability. We plan to further expand the definition of the company that can be included in the valuations in the coming days."