Climate Change Initiatives
The DIBT approaches sustainable and responsible development principles with a holistic perspective and expands its sphere of influence by creating common value among all its stakeholders through strategic initiatives.
Focusing on sustainable development and growth, the DIBT fulfills its duties to ensure more effective, efficient, innovative and fair use of natural resources. The Bank is committed to supporting all kinds of initiatives related to the environment and climate change in particular.
In evaluating activities to manage the impacts of climate change, the Bank efficiently monitors the positive impacts on the environment and the environmental performance of the investments for which it provides loans and registers a significant reduction in CO2 emissions and the annual use of resources as a result of its energy industry loans.
Furthermore, the Bank periodically monitors its greenhouse gas emissions and sets targets to reduce the rates as the greenhouse gases are the primary cause of climate change. Each year, the DIBT compiles and shares Greenhouse Gas Inventory Reports with all its shareholders. Within this scope, the DIBT Greenhouse Gas Emission has been calculated in compliance with TS EN ISO 14064-1 standard and has been verified by TSE EN ISO 14064-3 standard. The Bank also holds the IREC certificate on the neutralization of greenhouse gas.
In 2016, it has voluntarily reported to the Carbon Disclosure Project, the biggest climate action around the world, reported to by 50 companies in Turkey. Following that report, it was included in the CDP Climate Change Report list, moving up to the top six finance institutions among the 20 finance institutions in Turkey. The target now is to further advance the Bank’s position in the subsequent reports.
In 2018, the DIBT proved its dedication to achieve environmental, social and financial sustainability, to increase the awareness of the public and its stakeholders about combatting climate change, to fund energy efficiency, renewable energy and recycling investments, and to set an example in the industry with its activities for sustainability by being the first institution in all industries and the first bank to have obtained the “Climate-Friendly Institution” certificate.