A pioneering player in the financing of sustainable development since its establishment 65 years ago, Şekerbank has now entered the “BIST Sustainability Index”, an exclusive list reserved only for Borsa Istanbul-quoted companies that have achieved the highest levels of performance in corporate sustainability. In 2008, Şekerbank was also qualified for the “Borsa Istanbul Corporate Governance Index” as the only company in Turkey with a corporate governance rating at the time.
With the financing of sustainable agriculture and rural development as its founding mission, Şekerbank’s performance in sustainable development banking, the common denominator of all of its activities, has earned the bank a place in the Borsa Istanbul (BIST) Sustainability Index, which now includes 50 companies in total.
A strategy shaped by the UN Sustainable Development Goals
Şekerbank presents its sustainability activities and its support to the sustainability goals of the country to its stakeholders through its sustainability reports prepared in the context of international criteria, shapes its strategy in the scope of United Nations “Sustainable Development Goals” set in 2015. Şekerbank takes its 65-year mission of “Community Banking” to the future with a global perspective, focusing on the key areas of “Sustainable Agriculture”, “Energy Efficiency”, “Inclusive Growth”, and “-People-Oriented Banking.”
Pioneering the firsts in sustainable development banking
The first bank in Turkey to be granted a corporate governance rating, Şekerbank is also the first bank to assess the social and environmental risks of its lending activities. Launched in 2009 under the guidance of IFC, a shareholder to the Bank, this process is being improved upon each year.
At the same time, Şekerbank supports energy efficiency investments through EKOkredi, Turkey’s first energy efficiency financing product, while also striving to raise public awareness on the importance of energy efficiency.
Launched in 2014, the “Family Farming Banking” project by Şekerbank is the first of its kind in the world, supporting farming families while preventing migration from rural to cities. Meanwhile, another of the Bank’s innovations in Turkey is the micro-loans method that closes a substantial gap in financial inclusion by reaching out to women, tradespeople and farmers with limited access to financial resources.