Turkcell Among the First 15 Companies in Borsa Istanbul’s New Sustainability Index
Turkcell (NYSE:TKC) (BIST:TCELL), Turkey’s leading telecommunications and technology company, became one of the first 15 companies to have fulfilled the criteria for joining Borsa Istanbul’s recently launched Sustainability Index. Borsa Istanbul, which brings together all the exchanges operating in the Turkish capital markets under a single roof, had announced the launch of the sustainability index earlier this week.
The 15 companies to have made it to the index were analyzed for their sustainability credentials by independent international company EIRIS (Ethical Investment Research Services Limited). EIRIS studied the sustainability practices under several criteria, including environment, bio-diversity, climate change, human rights, supply chain, board practices, health, and security.
The index will be an important benchmark in measuring and evaluating the sustainability practices of Turkey’s publicly-traded companies. As the first example of its kind in the Turkish market, it will provide a useful tool for environmentally and socially responsible investment decisions. The index will also be a significant yardstick for companies to evaluate their own performance and set sustainability targets.
Turkcell’s socially responsible business approach validated by inclusion in the Index
“At Turkcell, we take corporate accountability, transparency, and sustainability issues very seriously. We constantly improve our record by assessing the environmental and social impact of our decisions, and by acting in a manner conducive to creating a better future for our broader ecosystem. I am certain that our investors will appreciate the value of our inclusion in Borsa Istanbul’s Sustainability Index, which confirms the validity of our socially- and environmentally-aware business approach.” said Sureyya Ciliv, Turkcell’s CEO.
A leader in sustainability reporting in Turkey, Turkcell is Turkey’s only company that is currently dual-listed on the NYSE and Borsa Istanbul. A signatory to the UN Global Compact since 2007, Turkcell has been sharing its sustainability performance transparently with a bi-annual report since 2009.
Turkcell’s third Sustainability Report, which was issued earlier this year, can be viewed at: http://d.turkcell.com.tr/Downloads/hakkimizda/pdf/turkcell-sustainability-report-2012-13-en.pdf
ABOUT TURKCELL: Turkcell is the leading communications and technology company in Turkey, with 34.7 million subscribers as of September 30, 2014. Turkcell is a leading regional player with its approximately 71.1 million subscribers in nine countries as of September 30, 2014. It has become one of the first among the global operators to have implemented HSPA+. It has achieved up to 43.2 Mbps speed using the Dual Carrier technology, and is continuously working to provide the latest technology to its customers. Turkcell Superonline, a wholly owned subsidiary of Turkcell, is the first telecom operator to offer households fiber broadband connection at speeds of up to 1,000 Mbps in Turkey. As of September 2014, Turkcell’s population coverage is at 99.62% in 2G and 88.09% in 3G. Turkcell reported a TRY3.2 billion (US$1.5 billion) revenue with total assets of TRY22.7 billion (US$10.0 billion) as of September 30, 2014. It has been listed on the NYSE and the BIST since July 2000, and is the only NYSE-listed company in Turkey. Read more at www.turkcell.com.tr
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