Lexist is Committed to ESG
Lexist is turning its environmental, social, and governance (ESG) commitments into action. The Firm is defining how it channels these actions into its own ESG framework to help monitor, measure, and manage its impact on climate change.
ESG in Lexist for clients
In addition to our strong commitment to ESG as a responsible business, as detailed below, Lexist is working daily to keep apace of the rapidly evolving Turkish/regional/international ESG-related legislation and reporting standards. Lexist lawyers appreciate that every client is affected by sustainability developments and they strive to add value wherever they can through their advice. We are proud to say that in Lexist, we have integrated ESG into every practice area and sector group – as well as our Firm.
We Offer Clients:
- Specialised Turkish law ESG services
- Guidance through the current and possible future requirements from the Turkish regulators
- Collaborative sector-specific advice on scaling up Turkish investments with impact and purpose through ethical legal and business models
- Help to mitigate the risks whilst enjoying the opportunities that the race to net zero brings
Focus areas to date from clients include:
E-Transportation
Digitalisation
Green Finance
Energy Efficiency
Supply Chain Management
Future Director Liabilities
Protecting Intellectual Property and Technology
Climate Risk Insurance
Ethical Investments
Disputes
No greenwashing!
Lexist integrates its ESG responsibilities and commitment into every aspect of the business. Law firms have a particular role to play in this area and should be compliant before advising their clients on ESG matters, projects, compliance, and regulations.
The Lexist focus here is the environmental impact of its offices (the employees and policies) – in particular, paper, energy, plastic, and travel
Our focus here is employees and, specifically for 2020-25, Diversity, Equality & Inclusion in the workplace
Here we consider compliance with Turkish law and corporate governance
E = ENVIRONMENTAL = PLANET
Lexist has signed the pledge for The Campaign for Greener Arbitrations, while the Firm’s ESG specialist sits on the Campaign’s international committee. This signifies increasing emphasis by the team on learning how they can have a positive impact on the environment, or at least reduce their current impact, and become Green Ambassadors for the profession and their office. Lexist follows 11 green protocols:
- Use green energy
- Reduce consumption and reduce environmental footprint
- Go digital
- Minimise printing and use of paper
- Encourage recycling
- Limit use of single-use items and plastics
- Partner with green organisations
- Travel responsibly
- Incentivise employees
- Encourage social responsibility
- Offset carbon emissions
S = SOCIAL = ORGANISATION
The Turkish Bar Association reports a nearly equal number of female to male lawyers in Turkey at present, if the total number of lawyers across all age groups is considered. At Lexist we are conscious to recruit talented lawyers with an effort to balance the genders. Lexist has a reputation for freedom of religious expression that is not generally found in law firms operating at an international level. There is an equal pay and merit-based reward system. Leadership fosters an inclusive and open environment, where diverse opinions are welcomed.
G = GOVERNANCE = COMMUNITY
The G in ESG for law firms: Here we consider compliance with Turkish law and corporate governance
The partners of Lexist fully embrace the corporate governance responsibilities. They strive to create and respect policies to maintain a strong relationship with management, employees, clients, the Government, contractors, and the public.
We consider structure and oversight, ensuring management is accountable to the owners.
- We manage exposure to risks and opportunities
- We have a corporate code of conduct and values
- There is transparency and reporting at all levels
- Decision-making is inclusive
- Diversity throughout the firm is a priority
- Technology and cyber risk are critical strategic factors
- We build relationships with ESG-focused profit and non-profit organisations.
