Sustainable Investment and Purchasing Policy

Version: 1                       Creation date: 12 July 2024                        Last Review Date: -

1. Purpose
   This policy aims to ensure that Near East University's financial investments and purchasing/supply processes are carried out in accordance with environmental, social, and governance (ESG) principles. This document defines the principles that will ensure that the university acts in line with the Sustainable Development Goals.
2. Scope
   This policy applies to the following items managed by the university:

• All investment funds (endowments, financial reserves, long-term assets)
• Purchasing and supply transactions (purchases of products, services, equipment, and infrastructure)

3. Sustainable Investment Principles

• Environmental Responsibility: Investments are not made in sectors with high carbon emissions, environmental pollution and unsustainable resource use.
• Social Responsibility: Companies that value human rights, labor rights, gender equality, and social justice are given priority.
• Ethics in Governance: Organizations with transparency, accountability and ethical business practices are supported.
• Investment Exclusions:
• Fossil fuel production
• Tobacco and arms industry
• Companies documented to have violated human rights

• Preferred Investments:
• Renewable energy, green technologies
• Circular economy, sustainable agriculture
• Companies with high ESG scores

4. Sustainable Purchasing Principles

Near East University observes the following sustainability principles in its purchasing processes:

• Environmentally friendly products and packaging are preferred.
• Local and ethical suppliers are prioritised.
• We work with companies that have social responsibility.
• Products with high energy efficiency are purchased.
• Traceability and a transparent supply chain are taken as a basis.

5. Implementation and Monitoring

• The Department of Finance and the Purchasing Unit are responsible for implementing this policy.
• The Sustainability Commission periodically monitors the implementation and provides suggestions for improvement.

6. Review
   This policy is reviewedevery two yearsand updated as necessary.