Sustainable and Responsible Finance

Since our establishment, we have been supporting the sustainable development of our country and the socio-economic development of various strata of society with sustainable financing products. In line with our responsible banking approach, we also handle the social and environmental impacts of the projects we finance.

Sustainable Products and Services

Sustainable products and services are one of the essential components of our sustainability approach. Our financing operations create the most profound impact in environmental and social areas. Therefore, we strive to develop products which decrease these impacts and contribute to sustainability. We offer products to our customers in order to support the socio-economic development of all segments of our society. This way, we both ensure the empowerment of our customers, and promote social development with the support we provide for various groups including local governments, SMEs, women entrepreneurs and agricultural sector employees. Our efforts also include financing renewable energy investments.

You can access the details on our Sustainable Products and Services through our Integrated Annual Report.

Responsible Finance

At the core of our responsibility to contribute to our society and environment lies responsible finance. We see it as our responsibility to keep track of our social and environmental impact, and we focus on creating positive indirect impacts with the projects for which we provide financing.

The projects we finance have indirect environmental and social impacts. Therefore, we added Environmental and Social Impact Assessment and Sustainability to the Credit Policy Document of Corporate Loans Department. We prioritize environmentally friendly projects, energy efficiency and renewable energy projects in financing.

We require Environmental Impact Assessment (EIA) Reports as a prerequisite for the financing we provide in order to determine the environmental impacts of all projects. In addition, we request the documents that the projects must provide regarding environmental standards before the project financing. In addition to environmental criteria, we also assess the social impact of projects. We expect employees in the projects to meet various criteria regarding human rights, ethical values, non-child labour and non-forced labour. In addition, we do not provide financing to the sectors below under any circumstances.

  • Energy generation using nuclear fuels
  • Production or trade in weapons and land mines
  • Production or activities involving illegal forms of child labour
  • Gambling, casinos and equivalent enterprises
  • Production or trade in alcoholic beverages
  • Production or trade in tobacco
  • Illegal fishing

We cooperate with international financial institutions such as World Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB) and German Development Bank (Kreditanstalt für Wiederaufbau - KfW) for the loans we provide. Many projects we finance in cooperation with these organizations requires meeting high ethical, environmental and social standards.

In addition, we initiated the works on the establishment of an environmental and social risk management system in the loan allocation processes within the scope of the fund we provide from the French Development Agency (AFD). We aim to complete the establishment of this Environmental and Social Risk Management System by the end of the year.