Waste Management Financing

The aim of waste management is to reduce environmental impacts, conserve natural resources, and ensure public health and safety.

Waste management activities include:

• Designing new products with less material input,
• Improving production equipment,
• Washing machines that consume low chemical materials,
• Reusing waste in the production process,
• Collecting waste for recycling,
• Using recycled materials,
• Generating energy from waste and waste management in our daily lives.

Sectors with high waste rates include the Construction Sector, Food and Beverage Sector, Textile and Fashion Sector, Electronics and Electrical Equipment, Chemical and Petrochemical Sector, Metal and Mining Sector, Paper and Pulp Sector, and Plastics Production and Processing Sector. These sectors are striving to minimize their environmental impact by developing waste management and recycling strategies. Reducing, recycling, and reusing waste will help these sectors achieve their sustainability goals.

The aim of the Waste Management Financing product is to support businesses by providing financing for investments, machinery purchases, and processes aimed at reducing their carbon footprint.

• Applicants must meet the SME definition.
• All SMEs that invest in waste prevention, waste reduction, and waste recycling, and whose activities involve the use of recovered or recycled raw materials or intermediate products in production, can benefit from this financing.
• SMEs with ISO14001 Environmental Management Systems or Zero Waste Certificate (gold, silver, platinum) certifications will be eligible. If there is hazardous waste from production, companies that send it to hazardous waste recovery facilities licensed by the Ministry of Environment, Urbanization and Climate Change and submit waste declarations for the previous year through the Integrated Environmental Information System and possess a waste declaration form can benefit. A three-year waste management plan must have been established for hazardous waste generated from production activities in accordance with the Regulation on the Control of Hazardous Wastes. Hazardous/non-hazardous waste storage areas must have been established within the factory premises.

• Financing Amount: Maximum 10 million TL

• Currency: TL

• Term: Up to 24 months / Quarterly payments or equal installments

• Profit Rate: Will be specified before package announcement, depending on market conditions.

• Loan/Equity Relationship: A minimum of 20% of the investment amount must be financed with equity contribution.

**The terms and conditions regarding the amount and term may be changed according to the request of the Sales and Marketing business family.

• In addition, funds collected through Labor Capital Partnership-Based Green Sukuk (Mudarebe Sukuk) can be used for Waste Management Financing.

• Projects for the recycling of waste will be developed and financial support will be provided to all businesses, municipalities, public subsidiaries, etc., that produce waste, especially SMEs.

• A more environmentally friendly structure will be ensured.

• Contribution will be made to the development of products, projects and services within the framework of the Sustainable Development Goals.

• Companies will be supported in integrating into the Sustainable Development Goals.

• Financial support will be provided with payment options of up to 24 months, with quarterly payments or equal installments.

• Funding can be sourced through Sukuk issuances.

• SMEs applying for financing from Emlak Katılım submit details to our Bank regarding the investment budget, investment schedule, and how the environmental footprint reduction will be achieved through the relevant investment.

• The investment plan is evaluated by sustainable finance experts at our Bank's Investment Banking and Investor Relations Directorate. If deemed suitable, the necessary credit application step for financing is initiated; otherwise, the application step cannot be initiated.

• If the investment plan is deemed suitable, our Bank evaluates the feasibility of the investment, the financial situation of the SME, and its business practices within the framework of its credit policies. If the evaluation is positive, a financing limit is determined by our Bank. Applications that do not comply with our Bank's financing policies are rejected.

• Various information and documents are requested from the applicants of applications that are positively evaluated in accordance with our Bank's credit policies. If all information and documents are complete and valid, the financing is approved and can be disbursed as an advance or through a payment plan.

CGE Sustainability Assessment and Software Services Inc. has been selected as a solution partner for the 1831 Green Innovation Technology Mentorship Program, conducted by TÜBİTAK and KOSGEB, to support Turkish SMEs in green technologies by providing technology consultancy, capacity or situation analysis, identification of existing problems and development of solution approaches, and preparation of roadmaps. Within this scope, a perpetual contract has been signed with TÜBİTAK.

Of the $450 million grant program provided by the World Bank, $187.5 million will be used for consultancy services in the green transformation of SMEs, and the remaining portion will be used to finance infrastructure, renewable energy, etc., investments serving green transformation, as determined within the scope of the needs analysis and roadmap prepared by the consultants.

In collaboration with CGE Evaluation, our bank will meet the financing needs of SMEs within the scope of Waste Management Financing, and the following packages will also be offered to our customers in addition to green transformation processes. This will enhance our Bank's brand image in its sustainability efforts.

Our Bank will contribute to the sustainable competitiveness of SMEs by facilitating their green transformation compliance. It will enable SMEs to have a roadmap for transformation, increase their awareness, and develop their corporate capacity in terms of sustainability.