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Turkish stock exchange to launch sustainability index



The Turkish stock exchange, the Borsa Istanbul, is to partner with EIRIS, the global responsible investment research provider, to develop the BIST Sustainability Index, which will be launched in early 2014.

Borsa Istanbul listed companies will be assessed against a set of environmental, social and governance (ESG) indicators and those companies that perform better than the required criteria will be included in the new index.

The methodology to underpin the research for the new BIST Sustainability Index draws on EIRIS' 30 years of experience in the field of responsible investment and sustainability research. Assessment of corporate performance for the new index will be based on publicly available information against chosen ESG indicators that are derived from EIRIS' Global Platform, an innovative and intuitive platform for sustainability data.

The criteria include bribery, governance, human rights, biodiversity, health and safety, and climate change, amongst others. BIST 30 Index constituents will be included in the first assessment and BIST 50 Index constituents will be assessed in the second assessment.

EIRIS works with a number of stock exchanges around the world, including the Johannesburg Stock Exchange in South Africa and the Bolsa Mexicana de Valores in Mexico.

 

Picture credit: © Alessandro Terracciano | Dreamstime Stock Photos



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