Refinitiv powers Borsa Istanbul’s Sustainability Index

TURKEY - Refinitiv, a London Stock Exchange Group (LSEG) business, today announced that its Environment, Social and Governance (ESG) data will be incorporated into Borsa Istanbul's Sustainability Index.

Borsa Istanbul will also adopt Refinitiv's ESG scoring metrics to calculate and maintain its Sustainability Index. Companies listed on the exchange can now submit their ESG data through a dedicated Refinitiv contributor tool that encourages disclosure across the market. The Borsa Istanbul Sustainability Index was launched in 2014 and currently covers 58 constituents in Turkey.

"We are proud to collaborate with Borsa Istanbul and facilitate the execution of their ESG roadmap. ESG scores are critical for Turkish companies exploring long term growth," said Antonio De Gregorio, Managing Director, Central and Eastern Europe, Refinitiv.

"Our collaboration with Borsa Istanbul will raise awareness on the emerging opportunities and motivate local companies to come forward with critical sustainability data. We have been serving the financial industry with ESG data and solutions for over 18 years and offer one of the richest ESG databases in the industry. Refinitiv's ESG data covers 80 percent of the global market cap with more than 450 metrics." he added.

In 2020, Refinitiv debuted Fund ESG Score s to facilitate industry transition to sustainable investing, followed by Refinitiv Deals Intelligence Sustainable Finance League Table Rankings - the first and only rankings to combine both sustainable products and sustainable companies resulting in the market's most comprehensive sustainable league tables. As members of the UN Global Compact, Refinitiv is part of a community of 9,000+ businesses across 135 countries that are committed to operating with responsible business practices at its core.