Sustainable Development Goals & Governance in Istanbul Chamber of Commerce

Abstract:

Institutions and organizations around the world are under increasing pressure to voluntarily report their sustainability performance to the public for long-term value creation. This relates to the Sustainable Development Goals (SDGs), developed by the United Nations (UN), which contains 17 objectives to tackle the most salient financial, natural and social challenges in the world by 2030. Institutions and organizations that need to secure their reputations as sustainable organizations should therefore seek to link their targets to the SDGs to highlight this to their shareholders in Turkey.

This study therefore aims to demonstrate this by reporting on the Istanbul Chamber of Commerce (ICOC) contribution to SDGs. ICOC was chosen for this research as it arranges and documents the business transactions of Istanbul-based individuals and business institutions while keeping records for its 400,000 members.
The aims of this study are (1) to illustrate the procedures for the implementation of the UN Sustainable Development Goals for the İstanbul Chamber of Commerce. (2) to examine motivations of engaging in sustainable development and (3) to conclude the changes that resulted from this process.

The implementation process started by obtaining secondary data available and continued by combining the data with Social Progress Index for Turkey provided in sustainability reports and current literature. eThe implementation process was evaluated on multiple parameters such as involvement of internal and external data, incorporation of new measures or definition of target indicators.