At VakıfBank, we embrace transparency and accountability as the foundation of sustainable growth, sound financial performance, and public trust. This approach goes beyond mere legal compliance; it also underpins our efforts to fulfill our responsibilities to stakeholders and to respond strategically to changing market conditions.

We believe that corporate governance is strengthened through proactive risk management in compliance with national regulations and international standards, prevention of conflicts of interest, and ethical banking practices that enhance transparency. In this context, we share the information and documents required to be provided to stakeholders transparently on our website.

In line with our ethical banking approach, we implement an “Anti-Bribery and Corruption Policy” and ensure that all our employees are made aware in this area. We also act proactively in combating money laundering and the financing of terrorism, thereby supporting the security of the financial system. We establish effective feedback mechanisms by gathering the views of all our internal and external stakeholders through channels such as the Ethics Hotline and Whistleblowing Mechanism.

In accordance with our principle of transparency, we calculate our greenhouse gas emissions across all our locations and have them verified by independent accredited organizations. We also assess and report our water footprint under the same principles. By doing so, we continue to generate value for relevant parties through transparency, consistency, and reliability. Furthermore, we carry out our sustainability reporting in line with GRI, TSRS, and SASB standards, ensuring international comparability and auditability in our reports.

In the context of tax transparency, our Bank is committed to acting in line with the principles of sustainable public tax governance and conducting its tax practices on the basis of the rule of law and accountability. Our Bank exercises the utmost diligence in providing financing for sustainable projects and in adding value to them through potential tax incentives. We position our tax strategies not only to ensure legal compliance but also as part of our ethical responsibility to society and tax fairness. In tax management, we apply the principles of alignment with the OECD’s global tax practices, not transferring the value created to low-tax jurisdictions, and avoiding the use of so-called tax havens for tax avoidance or tax evasion. We believe that taxation should be considered an independent and strategic component of our corporate governance system. As part of our ESG performance, we view tax management as representing a proactive approach that contributes to sustainability. Accordingly, detailed information on our Bank’s tax practices can be found in Section 3 of the Independent Audit Report included in our Integrated Annual Report.

At VakıfBank, we continue to carry out all our activities within a transparent, ethical, and accountable framework.