TSKB Wins Two ARC Awards for Türkiye’s First Energy-Efficient Report

29 Ağustos 2023
- 3 min. Read

TSKB secured two ARC Awards for its 2022 Integrated Annual Report, which is Türkiye’s first “Energy-Efficient Annual Report”. The Bank clinched the top honors in the “Online Report-Interactive” and “Customized Annual Report-Specialized AR” categories at the world’s largest international reporting competition, which drew participation from over 1,500 entrants among 34 countries.

TSKB (Industrial Development Bank of Türkiye), committed to fostering Türkiye’s economic, environmental, and socio-cultural development with a focus on sustainability, and boasting a pioneering position in the Turkish finance sector, continues to be granted awards both at the local and international arena thanks to its innovative initiatives. With its 2022 Integrated Annual Report, which is Türkiye’s first “Energy-Efficient Annual Report”, TSKB has recently received two ARC (Annual Report Competition) Awards, widely recognized as the largest and most prestigious awards program in the field of annual reporting on a global scale. After receiving the “Honorary Award” last year, TSKB has now secured the top report awards in the “Online Report-Interactive” and “Customized Annual Report-Specialized AR” categories at this year’s awards program, which drew participation from 1,560 entrants among 34 countries.  

TSKB, actively contributing to all of the UN Sustainable Development Goals (SDGs) through financing environmentally and socially oriented development projects and engaging in social responsibility initiatives, is committed to reducing its environmental impact in stakeholder communication activities through the “Responsible Sustainability Communication Policy” published in 2022. In accordance with this policy, the Bank has designed a project that serves as a pioneering model within the communication sector. Through “Transforming Steps”, Türkiye’s first energy-efficient campaign, the Bank promotes the gradual alteration of everyday habits that have an adverse impact on the environment. TSKB’s award-winning communication project revolves around the concept that optimizing screen energy and printing efficiency can be attained by carefully selecting typography and color palettes for both digital and printed materials. Having achieved savings of up to 30% through the “Transforming Steps” campaign, the Bank applied the same metrics when designing the 2022 Integrated Annual Report. The typography and color palette employed in both the printed and digital editions of Türkiye’s first energy-efficient annual report are geared towards minimizing energy consumption and resource utilization. Additionally, TSKB takes steps to offset the carbon footprint associated with all printed communication materials, including corporate reporting, by procuring carbon credits from renewable energy-producing companies.

TSKB presents its first energy-efficient integrated annual report, aligning with its recently revised materiality analysis. In this report, the Bank transparently communicates its value chain, objectives, and performance results on a capital basis. The report adheres to the International Integrated Reporting Framework and Integrated Thinking Principles as recommended by the Value Reporting Foundation (VRF), in addition to complying with the GRI Standards published by the Global Reporting Initiative (GRI). Furthermore, TSKB integrates the progress reporting principles outlined by the United Nations Global Compact (UNGC), a commitment it made in 2010. Additionally, the Bank upholds the requirements of the Women’s Empowerment Principles, of which it is a signatory. Throughout the reporting process, TSKB also considers the Sustainability Accounting Standards Board (SASB), the Stakeholder Capitalism Metrics developed by the International Business Council of the World Economic Forum (WEF), and adheres to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The Bank’s 2022 Integrated Annual Report is also compliant with the annual reporting requirements set forth by the Banking Regulation and Supervision Agency (BRSA) and the Capital Markets Law (CML).