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Environmental Management

Yapı Kredi draws upon the expertise and experience of its main shareholders Koç Holding and UniCredit as it strives to minimize its environmental impact and achieve its objectives in this area. Accordingly, Yapı Kredi is a member of Environmental Board of Koç Group, the highest authority to take decisions on environmental management, made up of environmental managers of Koç Group companies. The Environmental Board develops, implements and propagates environmental policies and strategies across the entire group. Strategic goals set by the Board are turned into performance goals and generalized through the entire Yapı Kredi organization. Goal progress and performance results are monitored on a regular basis, and disclosed to all stakeholders in line with the principles of transparency and accountability. Periodical audits are conducted with Koç Group’s Audit Group in order to ensure compliance with environmental legislation.

Each year, Yapı Kredi shares its environmental performance with all stakeholders via publicly disclosed sustainability reports. The selected environmental and social indicators included in the sustainability reports are verified by an independent audit company.

Climate Change

In addition, since 2016 Yapı Kredi has been transparently reporting its practices that fall under the scope of the Carbon Disclosure Project’s Climate Change Program. Furthermore, since 2011, the Bank regularly monitors its gas emissions. In this context, the Bank has been measuring and certifying direct (Scope 1) and indirect (Scope 2) emission values in compliance with ISO 14064 standards at five facilities including head office and service buildings. Also, the Bank calculates and assures the Scope 3 emission values, which includes paper usage at offices, fuel consumption of service vehicles used for employee commuting as well as business travel by air by external audit firms. As a testament to its eco-conscious mindset, Yapı Kredi installed an environment management system for its head office buildings in 2016 and received the ISO 14001:2015 certification upon completing the documentation process. Having successfully completed the periodical ISO 14001 audit, Yapı Kredi continues to hold this certificate.

Water Approach

Yapı Kredi tackles the global issue of drought with a holistic approach. The Bank monitors its water consumption and reports to CDP Water program since 2018 as part of its resource efficiency efforts.

The areas of use for water across the bank are irrigation for areas with greenery and cleaning. The water consumption for Yapı Kredi’s operations are low with no special water source affected by the rate of consumption. Additionally, as part its efforts for resource efficiency, Yapı Kredi evaluates water-related risks and opportunities and makes short and long-term improvements to boost environmental performance.

Yapı Kredi’s water approach is also reflected across its lending policies. As part of the Environmental and Social Risk Assessment system devised in line with international standards, the Bank monitors the water footprint of its loans

Yapı Kredi uses its best efforts to implement projects to monitor and decrease water consumption in all of its head office buildings, service buildings, offices and branches across Turkey and to increase its environmental performance. To serve that end, the Bank has set a goal based on the 2015 figures to decrease the per capita consumption by 4% until 2020. In order to attain this goal, Yapı Kredi uses education and communication channels to raise awareness among its employees and makes sure that the suppliers at Head Office buildings are actively engaged.

Every year, Yapı Kredi shares its water consumption data, reduction goals and measures in its sustainability report. The Bank also consults NGOs and other stakeholders regarding its environmental performance and works for continuous improvement of its performance in this field.

The relevant senior managers who are two levels below the Board of Directors in terms of reporting are responsible for Yapı Kredi’s environmental practices. The Sustainability Committee reviews the annual performance and targets and monitors relevant applications.