Natural Capital

The Role of Development and Investment Bank of Türkiye in the Transition to a Net Zero Economy

Transitioning to a net-zero economy is vital to curbing global warming and mitigating the effects of climate change. One of the ways to achieve this goal is to minimize the environmental impact of economic activities and invest in sustainability-themed projects. Sustainability-oriented loans account for 79% of the Bank’s loan portfolio in 2022, demonstrating the commitment of Development and Investment Bank of Türkiye to sustainable development.

In this portfolio, priority has been given to Solar Power Plant (SPP), Wind Power Plant (WPP), Geothermal Power Plant (GPP), and Biogas projects. In 2022, significant financing was provided to these renewable energy facilities.

Another important step in the sustainable financing framework was Türkiye’s first low-carbon economy transition bond issue. Development and Investment Bank of Türkiye acted as an intermediary for this bond issue worth TL 200 million. The Bank also served as the exclusive financial advisor to Palgaz, which distributes natural gas in Northern Marmara. Ziraat Yatırım Menkul Değerler acted as the sales intermediary for this issue, while the sustainability framework was developed in cooperation with Development and Investment Bank of Türkiye and Metsims Sustainability Consulting.

By providing financial advisory services to both private and public institutions, Development and Investment Bank of Türkiye has broken many grounds in sustainable finance and facilitated companies’ access to different sources of financing.