Developments regarding sustainability practices at Garanti BBVA
Garanti BBVA Becomes the First Bank in Turkey To Join UN-Convened Net-Zero Banking Alliance
In line with its commitment to a climate-positive future / to fight climate change / confirming its net-zero ambition, Garanti BBVA joins the Net-Zero Banking Alliance (NZBA), an industry-led, UN-convened alliance of banks worldwide, committed to aligning their lending and investment portfolios with net-zero emissions by 2050 or sooner, in line with the most ambitious targets set by the Paris Climate Agreement.
Garanti BBVA has been included in the CDP’s Global ‘A List’ thanks to its successful work raising awareness and managing environmental risks
Thanks to its innovative research and practices implemented to promote sustainable development, Garanti BBVA has rightfully claimed a place in the A List of CDP’s Climate Change Program. CDP is the world’s largest environmental reporting platform.
Garanti BBVA signed the second Gender Equality Loan with Limak, a first in the world.
Garanti BBVA, national leader in innovative loan structuring, has agreed a ‘gender loan’ with four tourism businesses within the Limak Grubu consortium. The loan’s interest rates are indexed to criteria evaluating equal opportunities across the group’s entire workforce.
Garanti BBVA, by setting a Science Based Target will reduce carbon emissions by 71%
Garanti BBVA has set the goal of reducing its carbon dioxide (CO2) emissions by 29 percent by 2025 and 71 percent by 2035. The announcement comes as part of the bank joining the Carbon Disclosure Project’s (CDP) Science-Based Targets (SBT), the most important environmental data platform in the world.
Garanti BBVA received 2 awards from the London-based News magazine Global Economics.
The British magazine presented Garanti BBVA won the award for ‘The best bank in Turkey in sustainable finance’ and ‘The best investment bank in Turkey.
Garanti BBVA headquarters receive LEED Platinum Certificate
As a leader in sustainable banking in Turkey, Garanti BBVA’s commitment is reflected in the diverse and innovative range of sustainable solutions it offers its customers. This same commitment is reflected in the emphasis the bank places on encouraging sustainable building design.
Garanti BBVA is the only company from Turkey included in the index for five years in a row
Garanti BBVA has once again included in the Dow Jones Sustainability Emerging Markets Index (DJSI), one of the most prestigious platforms, which is evaluating the sustainability performance of corporate firms around the world. Garanti BBVA is the only company based in Turkey that is included in the index for five consecutive years.
Another first from Garanti BBVA "Gender Loan"
Garanti BBVA signed a loan agreement with Polat Energy for a total of USD 44 million for the 48 MW Soma 4 Wind Power Plant Project.The Loan Agreement has signed for the financing of the wind farm, which will be the largest in Turkey once operational, was structured as a “Gender Loan”, a first not only in Turkey but also worldwide. If Polat Energy acquires a certain level of improvement in its gender equality performance based on the criteria included in the annual ‘gender performance’ assessments, Garanti BBVA will apply a discount in both the interest rate of the cash loan and the commission rate of the non-cash loan for Polat Energy.