TSKB Reaffirmed as “Türkiye’s Best Bank for Sustainable Development” for the Second Consecutive Year

13 October 2023
- 3 min. Read

TSKB’s enduring dedication to sustainable development and investment banking, spanning 73 years, has secured its position as “Türkiye’s Best Bank for Sustainable Development” at the Global Banking and Finance Awards. Maintaining its title from 2022, TSKB has once again been acknowledged for its exceptional corporate sustainability strategy, securing the “Türkiye’s Best Corporate Sustainability Strategy 2023” award.

 TSKB (Industrial Development Bank of Türkiye) has once again been honored with the “Türkiye’s Best Bank for Sustainable Development” award for the current year, just as it did in 2022. This recognition comes from the Global Banking & Finance Awards, which celebrate exceptional achievements in the banking and finance sector, highlighting expertise and excellence. Additionally, the Bank has been recognized in the “Türkiye’s Best Corporate Sustainability Strategy 2023” category, solidifying its position as a trailblazer in sustainable banking practices.

Over the past three decades, TSKB has been actively supporting the green transformation of the Turkish real sector, aiming to create a positive impact and make tangible contribution in the fields of environment, climate, and social development through the provision of financing opportunities and its consultancy capacity. By prioritizing the United Nations Sustainable Development Goals (SDGs) in all its endeavors, the Bank takes on a pioneering role within the finance sector, exemplified by its resolute steps in this direction. 

With approximately 85 percent of its funds focused on ESG and 93 percent of its loan portfolio linked to SDGs, TSKB supports investments in areas like renewable energy, resource efficiency, circular economy, environmental projects, women’s employment, underdeveloped regions, and occupational health and safety, all aligning with environmental and social themes. The renewable energy investments supported by the Bank constitutes 15% of Türkiye’s total installed capacity in this sector. Additionally, TSKB plays a significant role in facilitating Türkiye’s green and inclusive transformation by providing capital market instruments and consultancy solutions.

Having established a Sustainability Management Committee years ago to disseminate the Bank’s sustainability vision, strategy, targets, and business plans throughout the organization and integrate them into diverse business processes, TSKB defines clear, measurable annual targets based on capital and includes them in the performance scorecards for all management levels. Transparently sharing its progress toward a Net-Zero future and its sustainability achievements in comprehensive annual reports, and maintaining responsible communication with all stakeholders, TSKB consistently achieves higher standards each year by receiving prestigious awards for its innovative initiatives, both nationally and internationally.