Weak Climate Scorecard of the Turkish Banking Sector

The Approach of the Banks in Turkey to Climate Change report, which evaluates 17 of Turkey's largest banks regarding climate change in five criteria, has been published by the 350 Association for Climate.
In the report; Five criteria were evaluated: clean energy investments, banks' fossil fuel assets or investments, environmental, social and governance practices and similar ratings, net zero, carbon footprint and target setting for carbon neutral. As a result of this evaluation, 8 banks in Turkey, including İşbank, Garanti BBVA, Yapı ve Kredi Bankası, Akbank, HSBC Group, ING Group, QNB Finansbank, and Türkiye Sınai Kalkınma Bankası, announced that they would not finance coal, while other banks did not make such a statement. . In his statement, Efe Baysal, Turkey Representative of 350 Association for Climate, stated that "banks have a great responsibility for a fair economy and a livable earth in the fight against the climate crisis, and that the Turkish banking sector should do more work to fully address the risk posed by climate change."