Borsa İstanbul

Country
Turkey
Number of listed companies
375
Domestic market capitalization
227,512
SSE Partner Exchange

Yes

Has annual sustainability report

Yes

Requires ESG reporting as a listing rule

No

Has written guidance on ESG reporting

Yes

Offers ESG related training

Yes

  • Organizes seminars on ESG related issues and supports training/seminar/conference events held by other institutions.
  • For example: On November 13, 2017, Borsa İstanbul hosted an opening-bell ceremony for companies that prepare integrated reports and also a meeting for sharing integrated reporting experience.
  • Chairs Sustainability Platform that aims to create a sharing network which enables result-oriented and effective realization of the sustainability activities and powerful discussions on future joint steps in the field of sustainability. The 9th edition of the Sustainability Platform rountable meetings was held on February 28th, 2018 in Borsa İstanbul.
  • Supports Annual Sustainability Finance Forum organized jointly by the Business World and Sustainable Development Society Turkey (SKD Türkiye), United Nations Environmental Program Finance Initiative (UNEP FI) and Global Compact Turkey. Borsa İstanbul hosted IVth Sustainability Finance Forum on May 11, 2016.
Has sustainability-related indices
Has sustainability bond listing segment

No

Has SME listing platform

Yes

Organizational model of stock exchange
  • Demutualized for profit; demutualized in 2012
Regulatory model
Government (Statutory) Model
  • The Capital Markets Board of Turkey dictates the operational principles of capital markets in Turkey. In addition, the organization regulates and supervises public companies, listed companies and several capital market institutions including Turkish exchanges. However, Borsa Istanbul has the authority to regulate its own market, listed companies and financial products. This results in a limited SRO model but due to the regulatory authority's involvement, the exchange itself has little regulatory power.
About the stock exchange
Location: Istanbul, Turkey
  • Following the enactment of the Capital Markets Law at the end of 2012, Borsa İstanbul A.Ş. was founded as a result of the demutualization of Istanbul Stock Exchange, horizontal integration of the exchanges of Turkey trading various asset classes and their merger under the roof of Borsa İstanbul. Currently, Borsa İstanbul is the only licensed operator of capital markets in Turkey, regulated and supervised by the Capital Markets Board of Turkey, Turkish capital markets regulator. Borsa İstanbul provides a fair, transparent, and efficient environment for the trading of a wide variety of securities including equities, exchange traded funds, warrants, certificates, government bonds, sukuk, corporate bonds, repo and reverse-repo agreements, foreign securities (Turkish Treasury Eurobonds), derivatives and selected commodities. Borsa İstanbul is aiming to be the leading integrated marketplace bringing together investors and ideas, to create a marketplace that gives investors stability and confidence in their investment transactions, to promote a diverse business incorporating both international and Islamic finance products, to embrace the digital transformation and innovation, and to facilitate economic growth.
Ownership of Exchange (Shares >4% only) Share
Türkiye Wealth Fund 73.6%
European Bank of Reconstruction and Development 10%
Others 9.4%