Eco-Friendly and Sustainable Collaboration from TSKB and ecording
TSKB becomes the first bank in the financial sector to initiate afforestation by aerial seeding by combining forces with the social enterprise "ecording".
TSKB continues to ramp up its concrete steps towards combating the global climate crisis. Within one year, TSKB aims to throw a total of 150 thousand seed balls via ecoDrone in the areas designated by the Directorate General of Forestry on behalf of the firms to which it lends loans within the framework of the collaboration established with ecording, a social enterprise developing sustainable and innovative environmental technologies. In this way, TSKB will contribute to Turkey's sustainable and low-carbon economy while also boosting its support for social entrepreneurs.
Turkey's sustainable and inclusive development bank, Industrial Development Bank of Turkey (TSKB), joined forces with ecording, a social enterprise developing sustainable and innovative environmental technologies against the global climate crisis. In this respect, it is planned to throw a total of 150 thousand seed balls in a year on behalf of the companies to which TSKB extends loans. Aiming to throw 100 seeds for each USD 1 Million-loan in compliance with the Sustainable Development Goals (SDGs), TSKB will also increase its support for social entrepreneurs through its cooperation with ecording.
Becoming the first bank in the finance sector to initiate seed-throwing practice based on investment loans via this collaboration, TSKB will support afforestation and the improvement of natural ecosystem in the areas designated by the Directorate General of Forestry.
“We are trying to be an active part of the solution to the climate crisis with innovative projects in the environmental and social field”
Stating that ecording makes significant contributions to afforestation and sustainable environment by prioritizing the protection of nature through throwing seed balls aerially with unmanned aerial vehicles called ecoDrone, TSKB CEO Ece Börü said: “The climate crisis has caused a rise in extreme weather events and natural disasters all over the world. Being one of these disasters, deforestation threatens the future of our globe. We are trying to be an active part of the solution to the climate crisis with innovative projects in the environmental and social field. We attach equal importance to protecting our natural resources as much as supporting the sustainable transformation of production. We are pleased to witness the increase in social entrepreneurs that have recently developed innovative projects for the same purpose. We see it as another important element of our project to support young entrepreneurs through this cooperation with ecording throwing seed balls via ecoDrones in hard-to-reach lands.”
Engaging in carbon-neutral banking since 2008, TSKB contributes to the reduction of Turkey's annual carbon emissions by 14.4 million tons thanks to the support it lends to sustainability investments. TSKB aims to increase the share of Sustainable Development Goals (SDG)-related loans in the total portfolio to 90 percent by 2025. Aiming to raise environmental awareness through its long-term social responsibility projects, TSKB has been supporting the www.cevreciyiz.com digital platform since 2007, and has been organizing sustainability workshops at universities since 2012. TSKB draws attention to the climate crisis via the Green Swan Platform established thereby last year and aims to engage in awareness-raising activities and effective collaborations in this regard.
Sustainable practices gain importance
Stressing that extraordinary developments such as natural disasters and the pandemic that have taken their toll in the world in recent years have increased the importance of sustainability practices, Börü said, “Throughout this process, different responsibilities fall upon all of us from companies to financial institutions and even individuals, especially governments and regulatory institutions. In the world of business, economy and production, it is highly critical to create road maps correctly and to formulate action plans quickly. As a development bank that has specially concentrated on sustainability and climate, we are first-hand witnesses of the transformative power of finance. We believe that we have taken another valuable step towards green recovery within the scope of our cooperation with ecording through our banking vision offering solutions to combat the climate change and supporting transition to a low-carbon economy.”
