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Natural Capital

Yapı Kredi defines natural resources and ecosystem as natural capital. The Bank strives to monitor and reduce the environmental impacts of its operations with a view to continuously improving its environmental sustainability performance. The Bank’s environmental performance is managed under the two main categories of “Environmental Impacts of Operations” and “Opportunities Arising from Climate Change”. Yapı Kredi implements practices to reduce greenhouse gas emissions, energy consumption, waste generation and water usage of its operations. Aware of its responsibility in the fight against climate change, Yapı Kredi also carries out activities for raising awareness in its whole value chain. To this end, the Bank develops environmental products and services for a sustainable product portfolio.

Material Issues

Fight against climate change: Climate change is the leading global issue affecting the entire human race. Thanks to its contribution to creation of employment and the leverage effect of its financial activities, the banking sector holds an important place in the fight against climate change. Climate change affects a wide variety of industries from agriculture to transportation and from real estate to information technologies, forcing a significant change in the way these industries conduct business. These changes also affect the financial products and services Yapı Kredi offers to its customers. Yapı Kredi carefully monitors the risks arising from climate change, and designs innovative products and services to turn them into opportunities. For this reason, the Bank manages climate change risks and opportunities as strategies integrated into its business processes and decision-making mechanisms.

Yapı Kredi conducts measuring and evaluation activities to reduce the climate-change effects of its operations, and also undertakes energy efficiency efforts. Meanwhile, Green IT and energy saving practices that focus on employee behavior help enhance the Bank’s performance in this area. Launched in 2011, the ISO 14064 greenhouse gas reporting and certification is continued on an annual basis. Yapı Kredi also supports the “Earth Hour” movement, an annual global event organized by the World Wildlife Fund to raise awareness on climate change.

Detailed information about environment-oriented products and services may be found in the Sustainability Reports.

Responsible use of resources: A significant portion of Yapı Kredi’s environmental impact is due to usage of plastic, paper, glass and metal in its facilities, and the resulting waste. Training and information activities that aim to alter employee behavior help to reduce resource usage, enabling the Bank to continuously increase waste recycling rates.

Customers are encouraged to use e-bills, while online and mobile banking channels help to reduce the amount of paper waste generated through traditional banking activities. The Bank also conducts various campaigns to increase electronic account statement usage rate among its customer base.

Detailed information about resource usage may be found in the Sustainability Reports.

Climate-Oriented Products: One of Yapı Kredi's many principles is to act within an awareness on the responsibility it has assumed during the transition to a low-carbon economy. In line with the Sustainable Development Goals and Sustainability Principles, Yapı Kredi continues to expand its climate-oriented product portfolio that encourages the use of strategically-important renewable energy resources and the efficient use of energy.

Renewable energy is among the top priorities for Yapı Kredi in terms of project finance. Accordingly, Yapı Kredi offers diversified funds to investors by obtaining finance from international institutions such as the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the Export Credit Agencies (ECA).