TSKB is awarded as the “Sustainable Bank of the Year” for the second time

Turkey’s environment-friendly bank TSKB wins “FT Sustainable Emerging Markets Bank of the Year-2009” award for Eastern Europe for the second time.

With the belief that a more livable world is only possible through taking responsible steps in regards to the environment and climate change, TSKB crowned this principle by receiving yet another award.

Turkey’s environment-friendly bank TSKB (Industrial Development Bank of Turkey) has won the “Sustainable Emerging Markets Bank of the Year” award for Eastern Europe under “Financial Times Sustainable Banking Awards-2009.” Now in its fourth year the awards were created by the Financial Times and IFC (International Finance Corporation), a member of World Bank Group..

TSKB General Manager Halil Eroğlu stated that TSKB is continuing its environmental operations without losing steam and said:

“Since its foundation in 1950, TSKB has contributed significantly to Turkey's sustainable development. The bank has pioneered the adoption of corporate governance and socially responsible policies in the country and been for decades the local partner for major international socially responsible financial institutions. It also has a reputation as a very effective and responsible distributor of global funds to sustainable development projects. TSKB not only performs detailed appraisals of the possible environmental effects of all the projects it finances, but also disburses many environmental loans specifically designed to finance sustainable, environment-focused investments. In renewable energy loans alone, with 62 independent projects, TSKB is by far the local leader in terms of number of projects financed. As the first and only Turkish-owned bank to have an ISO14001 certification for its environmental management systems, TSKB aims to use every opportunity to create environmental and social value-added through innovative financial solutions and social responsibility projects. Within the last couple of months TSKB has become Turkey’s first bank to become a member of the UN Environment Program Finance Initiative (UNEP FI). TSKB is very proud and content to have received this award for the second time as a symbol of its serious approach to the environment.”

About Financial Times and IFC Sustainable Banking Awards

Financial Times and IFC recognize banks and other financial institutions that have shown leadership and innovation in integrating social, environmental and corporate governance considerations into their operations. The program has grown in popularity and this year’s winners were selected from a record 165 entries from 117 institutions across 42 countries. TSKB is the first and only Turkish bank to receive the award since its initiation. The winners of the Financial Times Sustainable Banking Awards are leading the way in meeting combined social, environmental and financial goals. The financial institutions around the world are re-assessing risk and opportunity under increasingly challenging circumstances. The objective of these awards is to continue to encourage more transparent and sustainable practices in their lending, financing and investing.

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