Sustainable Finance

The development and expansion of sustainable finance is the most important element for the Republic of Turkey to fulfill its commitments and to achieve sustainable development and just transformation. As Emlak Katılım, we take responsibility in this regard and work to develop sustainable financing.

One part of our strategic plan is to lead the financing of sustainable projects that make a positive contribution to the environment. As Emlak Katılım, we attach great importance to supporting environmentally friendly projects and aim to be a leader in this field. We have made and aim to make investments in the fields of renewable energy, recycling, energy and water efficiency in agriculture.

Our bank has prevented a total of 142,240 tCO2e of carbon emissions by issuing over 2 billion TL worth of thematic sukuk to date, including the sukuk issuances it has facilitated. In addition, women entrepreneurs were supported and a large portion of the funds obtained from the issuance of sustainable lease certificates were used to support the sustainable development of companies operating in the natural disaster zone in Kahramanmaraş.

The Sustainable Finance Framework Document, which we prepared in 2021, was developed in line with globally recognized sustainable finance frameworks such as the International Capital Markets Association's (ICMA) Green Bond Principles and the Islamic Development Bank's Sustainable Finance Framework, which are considered an important milestone in the adoption of environmental funding principles, and thematic sukuk issuances were carried out under the framework document.

We will continue to support sustainability by offering our customers more environmentally friendly and socially responsible financing options, not limited to just financial products, but also products that support sustainability, such as agricultural financing, SME financing, women entrepreneur packages, and electric vehicle loans.

In addition, our Sustainability Service, which evaluates our performance in ESG areas openly and transparently, undertakes various duties and responsibilities to improve our Bank's environmental, social and corporate governance performance and aims to provide leadership in sustainability issues by collaborating with other departments. At the same time, it supports the work of the Sustainability Committee, taking responsibility for setting the committee's agenda and carrying out secretarial duties. The Sustainability Service organizes our Bank's participation and support in sustainability initiatives at national and international levels. In this context, it manages the reporting processes at regular intervals and actively participates in the activities of these initiatives. It also undertakes financial responsibilities such as preparing framework documents for domestic/international financing transactions related to sustainability and creating annual fund usage and impact reports. Finally, closely monitoring the global and local sustainability agenda, legislative changes and regulations, and providing timely information to relevant stakeholders are among the important duties of this service.