Our Sustainability Performance Objectives

The priorities that our bank has identified for the sustainability-related issues that it has been systematically dealing with since the early 2000s are set out below

(i) Applicable policies

(ii) Management systems

(iii) Proactive projects carried out with all stakeholders

TSKB classifies its sustainability objectives under four main themes. For 2019 and 2020 it has defined them under four main headings that are intrinsic elements of the bank’s budget, plan, and strategy objectives:

1. Sustainability financing

2. Managing the bank’s internal and external environmental and social impact

3. Human resources: Training

4. Corporate social responsibility

1. Sustainability financing

TSKB has provided financing for a variety of projects in such sectors as energy and other resource efficiency, renewable energy, logistics, sustainable tourism, food production, and infrastructure. Sustainability-related investment projects currently account for 73% of the TSKB’s total loan portfolio.

  • TSKB has set itself the goal of maintaining its sustainability financing portfolio at around 60% of its total non-financial sector lendings by the end of 2020.
  • It is expected that funds totaling USD 300 million will be extended until the end of 2020 within the framework of Sustainable Development Goals and inclusive finance in order to support women’s employment as well as the economy in regions affected by refugee influx.
  • TSKB intends to continue supporting projects whose aims are to increase industrial productivity and to improve all aspects of energy and resource (including but not limited to water, raw materials, and other inputs) deployment efficiency so as to ensure that depletable resources of every kind are used effectively and optimally in our country. To this end, TSKB aims to conclude new loan agreements for a minimum of 150 MW renewable energy and a total of 10 energy efficiency and/ or resource efficiency projects by 2020 under innovative financing for renewable energy.

2. Managing the Bank’s Internal and External Environmental and Social Impact

In the management of environmental and social impacts, TSKB takes into consideration both the consumption figures from the Bank's internal operations and the indirect risk arising from loan services.

TSKB installed its own in-house environment management system in 2005 and subsequently obtained ISO 14001 Environmental Management System certification. TSKB does not just measure its carbon footprint, it has offset it and has been engaging in carbon-neutral banking continuously ever since 2008. TSKB has been audited under the ISO 14064 Greenhouse Gases certification and it has been undergoing audits to determine the degree of its compliance with that standard since 2012. The emission values achieved through the 2012 implementation of the supervisory and preventive measures identified in 2011 are the ones that are being taken as the benchmark for compliance determination.

For a financial institution, the most important and difficult aspect of environmental and social risk management is identifying and quantifying and managing the indirect risks that are entailed by its activities and services. TSKB believes strongly that the environmental and social risks inherent in every project need to be quantified independently of the dimensions of the investment involved. For that reason it uses ERET (Environmental and Social Risk Evaluation Tool), a project evaluation model whose in-house development began in 2007. Irrespective of the monetary value of the investment, the potential national and international environmental and social impact of all projects is assessed and the results of this assessment are used as input for the TSKB Environmental and Social Risk Evaluation System Model. In situations where risks in general are deemed to be high and/or environmental risks in particular are seen as being above average, the bank works with project owners to formulate plans for mitigating and monitoring the environmental impact.

  • Has committed itself to calculating its carbon footprint at regular intervals in order to continue engaging in carbon-neutral banking in the years ahead by offsetting its carbon footprint.
  • Will endeavor to reduce average CO2 emissions at least 10% below of the average reduction value of the last 5 years (2012-2016) by the end of 2021.
  • targets holding intra-Bank training events to raise awareness on waste reduction / waste recylcling.
  • All paper collected is sent to the recycling facilities. TSKB will pursue the target of 100% recycling of waste papers in the following years.
  • Will endeavor to manage all aspects of its environmental and social impact as well as its greenhouse gas emissions within the framework of the ISO 14001 and ISO 14064 standards in 2019 and 2020.
  • Has committed itself to identifying and quantifying the environmental and social risks inherent in all investment projects independently of their project value, to ensure that all due measures are taken in advance in light of such risks, and to monitor the implementation of such measures.

3. Human resources: Training

TSKB believes in the essential importance of training as a way of ensuring that its personnel identify with and internalize all aspects of sustainability in the conduct of their jobs. In addition to the regular training that is provided on such matters, special programs dealing with sustainability-related issues are also conducted for managers at every level.

  • A ‘Development Workshop’ program (comprehensive training series for theory, practice, implementation and experience consisting of classroom training program and project work for 10 full days) was initiated in 2014 for all employees at senior manager and manager level (approximately 80 people) and was completed in 2016. In 2016, the second phase of the program was launched for 45 Managers and Senior Managers who had not attended the previous training program. The 2nd Development Workshop was completed in May 2018, and graduated 42 participants. In 2019, the Bank plans to diversify the scope of and re-design the program with a focus on leadership development.
  • The training that is regularly provided to all personnel to support competencies that are amenable to development will continue in 2019 and 2020. In 2019, the scope of the work will be expanded in a way to establish tailored development plans and the process will proceed within a comprehensive monitoring of development. Our work on the training catalogue will maintain a focus on supporting our employees on global trends and topics.
  • In keeping with its “Create a TSKB family” and “Train your own managers yourself” principles, since 2010 TSKB has been running a Career Workshop program for newly-graduated university students who want to train for TSKB management positions. Based on the results of this three-day program, which is designed to help university students who are at the career decision-making stage recognize their individual abilities and understand their potential, TSKB selects participants for placement as management trainee candidates. In 2019, strong employer branding efforts will continue on various platforms in regard to the recruitment of fresh graduates.
  • New management trainees recently selected via the TSKB Career Workshop are inducted into the MT Development program. This is a long-term program structured in a way to allow the development of well-equipped banking staff in the field of Development and Investment Banking and aims to prepare management trainees for the future. To this end, in addition to their vocational training, management trainees will attend "Basic Occupational Health and Safety", "Sustainability", "Corporate Governance, Ethical Principles, Anti-Corruption and Anti-Bribery", "Business Continuity", "Prevention of Money-Laundering and the Financing of Terrorism", "Protection of Personal Data", "Competition Law", "Risk Management" and "Information Security and Awareness", all delivered by internal and external trainers.
  • The development program (coaching and training abroad programs) structured for department heads will also continue in 2019 and 2020.

4. Corporate Social Responsibility

Since 2007 TSKB has been conducting a comprehensive social responsibility project whose underlying principle is “Our Priority Is Environment”. The essential goal of this project is to increase environment- and sustainability-issue awareness in the business community as well as in the universities where tomorrow’s managers are being educated today.
  • The primary communication channel for this TSKB social responsibility project is www.cevreciyiz.com, whose rich content, mobile-device-compatible design, and social media pages make it Turkey’s most comprehensive environment and sustainability platform in existence today. In 2019 and 2020 our goal will be to increase the number of this platform’s active followers in order to promote greater awareness of the issues that it addresses. To this end, we have set ourselves the goals of at least maintaining the number of hits this website receives and of achieving increases in the number of “çevreciyiz” social media followers.
  • Since 2011 TSKB has been conducting Sustainability Workshops in collaboration with Escarus. This is the first sustainability literacy program in Turkey that brings academicians and the representatives of private-sector firms together with those who are university students today and will be the leaders of tomorrow. To date, about 240 university students have taken part in TSKB Sustainability Workshop case studies. TSKB intends to continue working with Escarus in the conduct of the Sustainability Workshop program in 2019 and 2020 and to organize at least one such workshop each year. 
  • As Turkey’s first carbon-neutral bank, TSKB is also mindful of the carbon footprints of the events and other activities that it organizes. “Carbon-neutral” events and activities will continue to be organized in 2019 and 2020. These will consist of  TSKB-conducted Career Workshops and Sustainability Workshops, and TSKB-hosted conferences. On all such occasions, the event or activity’s carbon footprint will be calculated and erased through purchases of comparable Gold-Standard carbon credit certificates.

Türkiye Sınai Kalkınma BankasıTurkey’s comprehensive environmental portal cevreciyiz.com is supported by TSKB.