Garanti BBVA Leads Turkey's Sustainable Finance

Garanti BBVA, a leading Turkish bank, is pioneering sustainable finance with a staggering three point five trillion Turkish Lira goal, the highest in the sector. Their commitment extends beyond financial products, embodying a long-term responsibility to society and the environment. Starting in two thousand six, theyve integrated ESG criteria into credit assessments and portfolio management, supporting clients in their green transformations. Surpassing their initial sustainable finance target, Garanti BBVA now aims to fund large-scale renewable energy projects and support underserved communities, while lowering emissions within their own operations. Theyve issued Turkeys first Biodiversity Blue bond and plan to innovate in areas like blue finance and natural capital investments, deepening their focus on transition finance for high-emission sectors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.