Energy Efficiency

Energy efficiency stands out as one of the most cost-effective ways of combating the climate crisis, and improving the financial health of individuals & the profitability of businesses. The easiest and fastest way to increase energy efficiency and reduce fossil fuel use goes through renewable energy.

We prioritize passing natural resources on to future generations, and using them in the most efficient way possible. We are aware of the great responsibility to properly manage the impact of our operations on the environment and society, and we support energy efficiency, renewable energy and other low-carbon energy sources with our products and services. We act in full awareness of the risks posed by the climate crisis, and in line with our responsibility for accelerating the transition from high-carbon to low-carbon energy sources.

We aim to facilitate our customers' business and sustainability transformation with our financing solutions. We offer financial solutions to sustainable development problems with various products and services, such as green bonds, sustainability-related loans, and renewable energy and energy efficiency loans, and encourage our customers to use them.

We have been taking part in the Turkish Residential Energy Efficiency Financing Facility (TuREEFF) program since 2018. As part of the TuREEFF program, we have provided loans to SMEs investing in energy efficiency, and supported energy efficiency investments in residences. We have diversified the resources we provide for green projects and investments by having issued our first green bond in early 2020 in compliance with the ICMA Green Bond Principles for the funding of renewable energy projects.

We effectively manage our operations and lending activities for a sustainable future. In line with the changes we made in our credit policies in 2021, we declared that we will no longer finance coal-fired power plants and new coal mining projects as part of the transition to a low-carbon economy and the fight against the climate crisis. We also consistently increase our contribution to energy efficiency, renewable energy and other low-carbon energy sources. Under the guidance of the United Nations Sustainable Development Goals, we aim to enhance and expand our sustainable product portfolio, strengthen green industries, and manage their environmental and social impacts.