Environmental, Social and Other Procedures
The environment issue has particular importance when TSKB provides facilities from international financial institutions it cooperates with. Both TSKB and the banks it cooperates with have been considerably sensitive in this issue and the procedures and methodologies to be followed during the phase of credit appraisals and reporting have been formed in the course of credit negotiations.
- “Environmental and Social Management Framework” pertaining to the “Inclusive Access to Finance Project (P163225)” that TSKB secured from the World Bank, is provided below.
“Environmental and Social Management Framework"
- Final “Environmental and Social Management Framework” document pertaining to the “Geothermal Development Project – Additional Financing (P172827)” that TSKB obtained from the World Bank is provided below.
“Environmental and Social Management Framework"
- Final “Resettlement Policy Framework” document pertaining to the “Geothermal Development Project – Additional Finance (P172827)” that TSKB obtained from the World Bank is provided below.
“Resettlement Policy Framework"
- “JBIC Procurement Guidelines” document pertaining to the Loan Agreement signed between TSKB and Japan Bank for International Cooperation (JBIC) is provided below.
“TSKB-AIIB Sustainable Energy and Infrastructure Phase 2 On-lending Facility: Policy Declaration”
TSKB signed a USD 200 million loan agreement with the Asian Infrastructure Investment Bank (AIIB) in 2022 to contribute to the Republic of Türkiye’s climate mitigation and adaptation goals in line with the Paris Agreement. Through this fund, TSKB will finance Türkiye’s investments in renewable energy, energy efficiency, climate change mitigation and adaptation as well as respective supporting industries.
The Asian Infrastructure Investment Bank (AIIB) Policy on the Project-Affected People’s Mechanism (PPM) is applicable for the projects that TSKB will finance under this loan agreement. Project-affected people may raise their concerns regarding the environmental and social aspects of an AIIB-financed Project with TSKB project level grievance redress mechanism and AIIB management. If the concerns cannot be addressed satisfactorily, you are welcome to submit your concerns to the PPM. Information about the PPM is available at How We Assist You - Project-Affected People’s Mechanism (aiib.org).
TSKB-KfW Climate Finance Credit Line – International Climate Initiative Independent Complaint Mechanism (IKI ICM):
TSKB signed the "Climate Finance Credit Line" for the amount of EUR 100 million on April 6th, 2023 with the Kreditanstalt für Wiederaufbau (KfW) and the Republic of Türkiye Ministry of Treasury and Finance to finance investments promoting renewable energy, energy efficiency, energy storage solutions and e-mobility, within the framework of the Memorandum of Understanding signed in 2021 between the Republic of Türkiye and its development partners, including KfW. This loan is provided from KfW to be channeled to TSKB through the Republic of Türkiye Ministry of Treasury and Finance. In addition to the loan amount extended, TSKB also received a grant component of EUR 10 million from the International Climate Initiative (IKI) to support innovative investment projects.
The IKI Independent Complaint Mechanism the Kreditanstalt für Wiederaufbau (KfW) is applicable for the projects that TSKB will finance under this grant component. Project affected parties who suffer (potential) negative social and/or environmental consequences from IKI projects may raise their complaints and seek redress with TSKB project level grievance redress mechanism and IKI Independent Compliant Mechanism. Information about the IKI ICM is available at Independent Complaint Mechanism | Internationale Klimaschutzinitiative (IKI) (international-climate-initiative.com).
