Capital Markets Board introduces green and sustainable investment guidelines

The Capital Markets Board (SPK) has adopted new guidelines regarding green, sustainable, and social capital market instruments. These regulations aim to support the financing of projects that provide social and environmental benefits.

The new framework covers green debt instruments, sustainable debt instruments, green certificates, and sustainable certificates, as well as capital market tools for financing social projects. Additionally, the Board has introduced a guide for sustainability-linked capital market instruments based on international principles.

To encourage these initiatives, the Board has implemented a 50 percent discount on certain fees. The new regulations require issuers to establish measurable, time-bound sustainability targets and undergo external verification of their performance. The framework also allows for adjustments to coupon payments or other financial characteristics of the instruments based on whether these sustainability targets are met.