TSKB Has Won "Bronze" Award in the "Best Integrated Report" Category in Asia

20 May 2021
- 3 min Read

Achieving phenomenal success through its innovative reporting work throughout the Turkish finance sector, TSKB has been rewarded with the "Bronze" award in the "Best Integrated Report" category in the 6th Asia Sustainability Reporting Awards. Being among the leading institutions of Asia Region, TSKB has proven its achievement in the field of sustainability once again in the awards program with 102 finalist finance institutions from 14 countries.

Continuing to assume a pioneer role in the Turkish finance sector via its corporate reporting work, the Industrial Development Bank of Turkey (TSKB) has been rewarded with the "Bronze" award through its integrated report in the 6th Asia Sustainability Reporting Awards, which is organized by CSRWorks, the leading institution of Asia in the field of sustainability, and is one of the most prestigious awards events throughout the world.

Organized in Singapore as an online event due to the pandemic, the awards ceremony was attended by more than 250 senior business leaders and sustainability authorities from 20 countries. An independent panel of judges reviewed 494 entries received from 17 countries across 19 award categories. Following the preliminary evaluations, 102 companies from 14 countries made it to the finals. As a result of the final evaluation conducted through intensive competition, TSKB has become one of the three important institutions rewarded in the category "Best Integrated Report".

"We offer a holistic perspective to our stakeholders in our integrated annual reports"

Stressing that they were glad to represent Turkey and receive the award by making it to the finals along with the distinguished finance institutions of the Asian geography, TSKB CEO Ece Börü said: "Sustainability forms the basis of our banking model and corporate culture and we aim to ensure continuous improvement in this area. We published the first sustainability report in the Turkish financial sector in 2009.

Conveying to our stakeholders our financial aspects as well as environmental, social and governance strategy, impact and goals, our sustainability reports turned into integrated reporting in 2016. Over time, these reports have become an important communication tool. We are proud that our integrated report takes its place among the worldwide sample reports with its content that is transparent, simple and complies with internationally-accepted standards. We now know very well that financial results cannot be the only measure of success for institutions. For this reason, we focus on economic, social and environmental added value created with all capitals. Our integrated reports encompass our strategy, governance and performance in these areas as well as our future expectations, commitments and goals. In this way, we provide our stakeholders with the positive impact we aim to create with our products, services and resources by evaluating it in a holistic way and on the basis of the capital."

Delivering a speech during the awards ceremony, Rajesh Chhabara, Managing Director of CSRWorks International and the Founder of ASRA, said that TSKB showed exceptional leadership in transparent reporting of its sustainability performance and reflected its readiness for a resilient future through the reporting work for which it was rewarded.

About the Asia Sustainability Reporting Awards

The Asia Sustainability Reporting Awards (ASRA) honour sustainability reporting leaders in Asia. The Awards celebrate best practices in sustainability reporting. The vision for ASRA is to become the most inspiring recognition for sustainability reporting excellence in Asia. An independent panel of distinguished judges evaluates the entries to select the winners.

ASRA aims to give organisations, large and small, the opportunity to showcase their sustainability efforts, thereby building trust among their stakeholders, adding value to their businesses and attracting responsible investors.

About CSRWorks:

CSRWorks International, a Singapore-based sustainability services firm focused on advisory, training and thought leadership, has created non-profit Asia Sustainability Reporting Awards to identify and honour sustainability reporting leaders.

Its international partnerships include the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC), EcoVadis, CDP, S&P Global (CSA/Dow Jones Sustainability Index), the Sustainability Accounting Standards Board (SASB) and AccountAbility (AA1000).

CSRWorks is Asia's most prominent sustainability champion. Besides the Asia Sustainability Reporting Awards, we also organize the annual Asia Sustainability Reporting Summit, a highly admired international conference. Our Asia's Top Sustainability Superwomen programme honours the region's most inspiring women leaders through an annual listing.

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