ADA Economics
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- ESG Issuance
Climate Goals & Targets
Environmental Challenges
- Hedging the currency remains challenging
- The CBT faces sizeable derivatives-related FX payments
- The geopolitical relationship with the EU is likely to remain somewhat jittery
Mitigation Strategies
- Turkey is likely to use the next 12 months to lengthen the average borrowing maturity, increase their ESG issuance, and create the conditions for a contained returned of non-resident investors in the local bond market.