Sustainable Finance Strategy
Garanti BBVA leads the industry with its innovative products and services in building a more sustainable and inclusive economy on the path to the Sustainable Development Goals (SDGs). The Bank’s efforts to combat climate change and social inequalities, along with its innovative solutions that create value for the economy, society, and all stakeholders, have been recognized by national and international authorities.
As part of its efforts to mitigate the negative effects of climate change, Garanti BBVA:
- Became the first bank in Türkiye to commit to exiting coal in 2021, pledging to eliminate coalrelated risks from its portfolio by 2040 at the latest.
- Took this commitment a step further in 2022, announcing 2030 decarbonization targets for other carbon-intensive sectors such as energy, automotive, iron & steel, and cement. These interim targets represent a crucial milestone in achieving the 2050 net-zero emissions goal. Garanti BBVA is committed to supporting its customers in their transition to a more sustainable future.
- Garanti BBVA has committed to contribute TL 400 billion to the target of contributing €300 billion to the financing of sustainable development, set by its main shareholder BBVA for the period 2018-2025, and has contributed TL 291 billion to this target since 2018.