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ARTICLE · 20 JANUARY 2022

Template Report Re Sustainability Principles Compliance Is Published.

Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)
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Sustainability Principles Compliance Framework (the "Sustainability Principles") published by the Capital Markets Board (the "CMB") to set out the main principles of the sustainability works of public companies..

TurkeyCorporate/Commercial Law

Sustainability Principles Compliance Framework (the “Sustainability Principles”) published by the Capital Markets Board (the “CMB”) to set out the main principles of the sustainability works of public companies and encourage them to adopt those principles, is included within the capital markets legislation with the amendment dated 2 October 2020 on the Corporate Governance Communiqué No. II-17.1 (“Communiqué”).

With this amendment the CMB has not imposed any obligation on public companies for complying with those principles. However, the CMB has obliged them to report whether they comply with those principles or detailed explanations for reasons of non-compliance in their annual corporate governance compliance reports.

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