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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 Group’s highest authority in environmental management, made up of environmental managers of Koç Group companies. The Environmental Board develops, implements and promotes environmental policies and strategies across the 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 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 Management

Yapı Kredi manages its environmental impact with respect to climate change through the projects it finances. Since 2011, the Bank has been monitoring its greenhouse gas emissions on a regular basis in order to assess the environmental footprint of its operations. 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 the head office and service buildings. The Bank also calculates and verifies through external audits its Scope 3 emissions, which include paper usage at offices and fuel consumption of employee shuttles and business flights. In addition, since 2016, Yapı Kredi has been transparently reporting its practices that fall under the scope of the CDP-Carbon Disclosure Project’s Climate Change Program.

Water Management

Yapı Kredi tackles the global issue of water scarcity 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 is low with no particular 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 its environmental performance.

Yapı Kredi’s approach to water management 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 discloses its water consumption data, reduction goals and measures in its annual sustainability reports.

Waste Management

In order to ensure efficient use of natural resources and energy during its operations, Yapı Kredi has prioritized eco-conscious technologies that help reduce waste at source. In Head Office buildings, waste management is integrated into the Bank’s business processes, with definite roles and responsibilities set and shared across the organization. The process has also called for the development of General Principles to Waste Management, which enables the monitoring of waste management and related practices. Performance in waste management operations is assessed via Data Collection and Evaluation Forms. For Yapı Kredi, the two guiding principles in waste minimization are preventing waste at source and reducing waste. Any non-recyclable, non-reusable waste material that cannot be eliminated at the source is disposed in a manner that will not pose a threat to human and environmental health in accordance with relevant environmental regulations.

Yapı Kredi aims to inspire and foster an eco-conscious mindset among its customers. Accordingly, the Bank promotes the use of electronic and SMS-based invoices to reduce paper usage, and consequently, carbon emissions. Furthermore, the Bank reduces its environmental footprint through a variety of pioneering practices in digital banking.

Yapı Kredi discloses its waste data, reduction goals and measures in its annual sustainability reports.

Supply Chain Management

As in all of its operations, Yapı Kredi is committed to act responsibly in its procurement processes and to promote its principle of creating sustainable value across the entire supply chain. Yapı Kredi supports its suppliers in ensuring their compliance with the Bank’s environmental, social and human rights criteria by following the pioneering approaches and policies of the its main shareholders, Koç Holding and UniCredit. Yapı Kredi also conducts all of its procurement practices in line with its Sustainability Principles. With an aim to contribute to the local economy, Yapı Kredi prioritizes local suppliers in its procurement operations.

Click here to view Yapı Kredi’s Responsible Procurement Policy.

As part of its constant drive for improvement, Yapı Kredi seeks feedback from NGOs and other stakeholders with respect to its environmental performance.

While Yapı Kredi’s environmental practices are led by relevant senior executives who are two levels of reporting below the Board of Directors, the Bank’s annual performance and targets are reviewed and monitored by the Sustainability Committee.

Click here to view Yapı Kredi’s Environmental and Social Policy.