Our Commitment & Progress
As Garanti BBVA, we strive to do our best to look after our world and our future, and we are committed to our efforts in this area. We announced our mid-term decarbonization goals compatible with the Paris Agreement Capital Transition Assessment (PACTA) methodology with prioritizing climate crisis and inclusive growth for our sustainability efforts. At the same time, we became the first bank in Türkiye to announce that we will not finance coal plants and coal mines. The Bank will minimize the risks associated with existing coal activities by 2030 and exit this sector entirely by no later than 2040. Garanti BBVA has committed to contributing 400 billion TL to BBVA's 2025 €300 billion sustainable mobilization target and has contributed 240 billion TL (as of 3Q24) to this target since 2018.