Share on LinkedInShare on LinkedIn

ARTICLE · 13 JANUARY 2023

Market Intelligence Thought Leadership Award Winner

ESG In Turkish Market

Paksoy
Paksoy
Contributor
Paksoy

Paksoy

Paksoy is an independent full-service law firm in Istanbul focused on helping clients in a wide...

View firm profile
Explore more from Paksoy

Until very recently, the overarching objective of a company was to maximise its profits with a view to maximising the wealth of its shareholders.

TurkeyCorporate/Commercial Law

Until very recently, the overarching objective of a company was to maximise its profits with a view to maximising the wealth of its shareholders. In pursuing that objective, a company's impact on the wider community was a matter of peripheral importance. However, the adverse effects of climate change, increased awareness of environmental risks, ethics and human rights led to the emergence of what is now known as ESG – an umbrella term that covers a wide spectrum of environmental, social and governance factors which investors are able to use to assess a company's day-to-day activities and its current and prospective financial performance.

What are the three pillars of ESG?

Environmental

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from