• Profile
  • TSKB in Brief
  • TSKB's Subsidiaries
  • Products and Services Of TSKB
• Performance
  • Value Creation
  • Awards & Recognitions
  • CEO's Assessment
• Approach
  • TSKB's Sustainable Banking Strategy
  • TSKB's Sustainability Priorities
• Dialogue
  • TSKB and Stakeholder Engagement
  • TSKB's Stakeholders
  • 2010 Stakeholder Dialogue Highlights
• Sustainability and Environmental Issues
  • Sustainable Banking at TSKB
  • Sustainable Banking Performance: the Economic Dimension
  • The Renewable Energy Sector and TSKB
  • TSKB Energy Index
  • TSKB, Climate Change, and the Environment
  • TSKB's Efforts on Behalf of Sustainability and the Environment
  • Who Wouldn't Want to Be Sustainable?
  • ISO 14001 Certification
  • The Structure of the TSKB Environmental Management Team
  • TSKB's Environment Policy
  • TSKB's Environmental Impact
  • Sustainable Banking Performance: the Environmental Dimension
  • Developments in External Environmental Impact
• Corporate Governance
  • Absolute Compliance With Laws and Regulations
  • TSKB's Corporate Governance Structure
  • Compliance With Corporate Governance Principles
  • Risk Management at TSKB
  • Prevention of Money-Laundering and the Financing of Terrorism
  • Relations with Suppliers
• People
  • Human Resources and the Workplace at TSKB
  • The TSKB Performance Management System
  • TSKB Compensation and Reward System
  • TSKB Human Resources Structure
  • Human Rights and Employee Rights at TSKB
  • Competency Development and Training
  • Health and Safety at TSKB
  • Commuting By Sea
  • Internal Communication at TSKB
• The Community
  • Social Responsibility at TSKB
  • "Environment: Our Priority": Past and present
  • The NGOs that TSKB Collaborates with
• Summarized TSKB Goals and Performance
• Appendices
  • About This Report
  • Statement GRI Application Level Check
  • Global Reporting Initiative Cross Index
  • Online Sustainability
  • Imprint
  • Communication and Service Channels

In TSKB’s view, the only option for a livable future is a low carbon economy.

TSKB ENERGY INDEX

Seeking to put its many years of professional knowledge and experience in the energy industry to work in capital markets as well, TSKB collaborated with the İstanbul Stock Exchange (ISE) to create the TSKB Energy Index. The first share index of its kind in Turkey, the index has been available as an alternative reference point for investors since 3 May 2010.

The TSKB Energy Index consists of ISE-traded shares in energy sector companies whose earnings amount to more than 40% of the Turkish energy sector’s consolidated revenues. It has been formulated to be a reference index for domestic and foreign investors who are interested in tracking the performance of the Turkey’s energy industry.

The starting date for the TSKB Energy Index’s price and yield performance was taken as 31 December 2008, on which date its initial value was set at 10,000. The present value of the index, which has been calculated since 3 May 2010, is currently based on the shares of ten companies. More detailed information about the TSKB Energy Index is available (in Turkish) on the index’s website located at www.tskbendeksleri.com.

TSKB plans to launch a thematic fund based on the TSKB Energy Index with shares being made available to investors at the beginning of 2011. This will be first principal-protected fund based on an institution’s private index in Turkey. In keeping with its reputation as an innovator, TSKB intends to introduce other firsts in the area of specialized, dynamic portfolio management while maintaining its stature as market leader in 2011.

Drawing attention to the importance of both the index and the ISE-TSKB collaboration that it represents, ISE President Hüseyin Erkan said: “The TSKB Energy Index was created with the aim of reflecting the price and yield performances of energy sector companies whose shares are traded on the ISE. TSKB identifies and tells ISE what companies’ shares are to be included in the index. ISE for its part is responsible for ensuring that the index’s value is calculated regularly and correctly.

“The TSKB Energy Index represents the first time that ISE is calculating an index created by someone other than itself. What it is doing is doing here essentially is making its quarter-century of knowledge and experience of index management available to others. Index-based financial products are widely used in the developed capital markets throughout the world. ISE’s goal therefore is to expand the range of investment alternatives available to institutional and individual investors in Turkey by developing its own index formulation and calculation services and creating markets in which products based on such indexes may be traded.”