Sustainable Bank of Turkey for 67 years
Founded on October 12, 1953 by farmer entrepreneurs who are members of hundreds of thousands of beet cooperatives in Anatolia to support economic development and agricultural industry based on rural development, Şekerbank offers an exemplary model in Turkey in the field of responsible banking by maintaining its establishment mission for 67 years.
As a reflection of the collective culture stemming from its foundation, Şekerbank has always played a pioneering role in supporting small producers in the Turkish banking sector, encouraging widespread savings and financing production.
72% of Şekerbank's 238 branches across the country are located outside of the three major metropolises and most of them have been serving in the same place for more than half a century.
Thanks to these strong roots, the Bank, which has been supporting farmers, tradesmen and SME customers for generations all over the country, has developed its "Anatolian Banking" mission in the perspective of "sustainable banking" and has achieved many firsts in the Turkish banking sector in this field.
Within the scope of the Digital Transformation Program, in which the Bank renewed all processes and technological infrastructure end-to-end, sustainable banking practices, especially the expansion of financial access, have been prioritized and Şekerbank has developed digital applications that are the first in Turkey for the financing of rural areas..
The Bank, which has carried out many studies in order to raise awareness on sustainable development throughout the country, has represented Turkey at the Rio + 20 United Nations Sustainable Development Conference in 2012 as a result of the studies carried out by the Ministry of Development with EKOkredi, the first banking product of Turkey in the field of energy efficiency. The pioneering role of Şekerbank in financing energy efficiency also ensures that public policies and development plans in this field are included in the preparation processes.
The Bank has been implementing the social and environmental management system prepared under the guidance of the International Finance Corporation (IFC), a World Bank institution, in all lending processes since 2009, and encourages the real sector to make sustainable investments.
Combining its know-how in local banking with its vision of global sustainability, Şekerbank is one of 130 banks from around the world that joined the Principles for Responsible Banking, which was implemented by the United Nations Environment Program Finance Initiative (UNEP FI).
Taking an active role in leading platforms such as the United Nations Global Compact (UNGC), Women's Empowerment Principles (WEPs) and the United Nations Environment Program Finance Initiative (UNEP-FI), Şekerbank has been deemed worthy of many national and international awards for its sustainability banking activities so far.
Within the scope of combating climate change, Şekerbank has been measuring its carbon footprint created by its own activities since 2010 and its water footprint since 2016 and reporting it to international investors through the Carbon Disclosure Project (CDP).
In 2015, the United Nations Sustainable Development Goals, which were determined on a global scale with the aim of a more livable world and signed by all member countries of the United Nations, has been an important turning point in helping Şekerbank to shape all aspects of sustainability with a strategic perspective since 1953.
In this context, Şekerbank has strategically gathered its operations under four groups:
Energy efficiency and combating climate change
Financial inclusion and banking on women
Supporting production and employment
Setting strategic targets under these four headlines, the Bank broke a new ground in sustainable banking in 2020 and implemented a sustainability score program that offers privileges to customers who provide value to the environment and society.
With its sustainability score program, Şekerbank aims to set an example for the finance sector and carry its 'Turkey’s sustainable bank' title into the future by transferring domestic and international resources to environmentally sustainable and socially inclusive investments in a more strategic way.