(Revision 01, March 25, 2009)
Founded in 1950 with the support of the World Bank as a joint venture of the Government of Turkey and commercial banks, Türkiye Sınai Kalkınma Bankası (TSKB: Turkish Industrial Development Bank) is Turkey’s first privately-owned investment and development bank. TSKB has been especially mindful of public interests and social responsibility in the conduct of its activities since the day it was established. Environmental awareness and sensitivity towards climate change always rank high among its business principles. The measures that are to be taken to counter a rapidly deteriorating global ecological balance, the environmental impact of human activities, and increasing greenhouse gas emissions have become issues of steadily greater importance. TSKB’s environmental sensitivity is defined within the framework of the following principles. TSKB:
  • Minimizes the environmental impacts arising from the Bank’s activities, to which end it takes and implements the most effective measures to reduce the TSKB carbon footprint and informing all of its stakeholders about these issues;
  • Carries out all of its banking activities taking both environmental management standards and United Nations Environmental Program for Financial Institutions (UNEP FI) criteria into account;
  • Defines and continuously monitors environmental objectives and goals and revises them in accordance with changing dynamics;
  • Supports investments that encourage sustainable development and contribute to a low-carbon economy;
  • Encourages renewable energy and energy productivity investments with the aims of reducing Turkey’s dependence on fossil fuels and of lowering its greenhouse gas inventory; supports efforts to increase public awareness about these issues;
  • Identifies environmental risks and takes them into account when making financial decisions;
  • Develops and maintains continuous awareness among both employees and the public at large on the issues of climate change, global warming, environment, and sustainable development;
  • Ensures compliance with all national and international environmental rules and regulations;
  • Takes part in efforts that will make it possible to concede a livable and sustainable environment for future generations.

These principles constitute the basis of all decision-making processes concerning TSKB’s all activities. Developing and carrying out business plans with full awareness of supporting sustainable development and to conduct all investment and development banking activities within the framework of an environment management system that is compliant with ISO 14001 standards, is a fundamental principle.