Türk Eximbank believes that sustainable exports is of the utmost importance in the rapidly changing world that is confronted with numerous issues from climate change to socioeconomic inequality. Along this line, the Bank pays due regard to all financial and non-financial risks including economic, environmental, social and governance risks when executing its operations in line with the “Sustainability, Environmental and Social Risk Management System” launched in 2020.
Work is ongoing in relation to the Sustainability, Environmental and Social Risk Management System for the assessment of environmental and social risks pertaining to the Bank’s lending and insurance procedures and for ensuring effective handling of the matter in line with the Bank’s strategy.
During 2024, Türk Eximbank performed the environmental and social risk assessment of 353 credit applications within the scope of the World Bank, Asian Infrastructure Investment Bank (AIIB) and Council of Europe Development Bank credit requests; upon evaluation, 197 applications were found to be positive in terms of environmental and social risks. The Bank intermediated the management of environmental and social risks of companies through site visits by experts and independent audit process.
Since 2020, the Bank’s carbon and GHG emissions are monitored, calculated and reported in accordance with ISO 14064:2018; emissions stemming from the credits disbursed are included in the calculation, as well as those resulting from direct operations. Calculation and reporting of carbon and GHG emissions for 2024 are slated for completion within 2025.
Through these activities, Türk Eximbank;
- pledged to internal and external stakeholders to be aligned with the developments associated with climate change,
- evidenced and acknowledged the ownership of our emissions,
- ensured increased corporate capacity in environmental and social terms.
During 2024, Türk Eximbank performed the environmental and social risk assessment of 353 credit applications within the scope of the World Bank, Asian Infrastructure Investment Bank (AIIB) and Council of Europe Development Bank (CEB) credit requests.
Türk Eximbank publicly discloses information about its sustainability efforts and performance in the Sustainability Reports it has been releasing since 2021. In addition, the Bank continues to publish the Sustainability Bulletin intended for increasing internal awareness of sustainability. The Bank started working on its 2024 Sustainability Report, which will be drawn up as per the Turkish Sustainability Reporting Standards (TSRS), and plans to release it for the public within the framework specified in the relevant communiqué.
In a bid to fulfill our exporters’ needs in relation to green transformation and sustainability, joint activities are being undertaken with our stakeholders, particularly with the Ministries. In this scope, the Bank regularly participates in the meetings of the Ministry of Environment, Urbanization and Climate Change National Carbon Pricing Specialized Working Group, Türkiye Exporters Assembly (TİM) Industry Sustainability Science Committee, Foreign Economic Relations Board (DEİK) Green Transformation Working Group, İstanbul Chamber of Industry Sustainability Platform, Banks Association of Türkiye (TBB) Role of Financial Sector in Sustainable Growth Working Group, and the events/webinars organized by various institutions to keep abreast of current developments.
