Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability

Environmental Achievements

• Achieved a significant reduction in carbon density over the years as a result of Garanti BBVA’s long-term efforts within the scope of its carbon footprint. Since the implementation of the ISO 14001 Environmental Management System in 2012, Garanti BBVA’s carbon density has decreased by 97%.
• Garanti BBVA Pendik Technology Campus Building, where Garanti BBVA Factoring has been operating since March 2020, has the Gold certificate of LEED

Social Achievements

• Supported the education of 13 students as part of the ongoing scholarship fund project with TOG.
• Donated to ÖRAV for the purpose of “conducting face-to-face and distance education programs and activities to support the professional and personal development of teachers and education supervisors.”
• Employee Engagement Survey every year to obtain the opinions of its employees on work-private life balance, performance management, compensation, training, and development opportunities.

Governance Achievements

• In 2023, Garanti BBVA Factoring raised its grade in the Corporate Governance Principles Compliance Rating made by Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A.Ş. to 9.52.

Climate Goals & Targets

Environmental Challenges

• High inflation and uncertain conditions in the global economy.
• Adverse effects of geopolitical developments and the February earthquake on commercial life and the economy in Turkey.
• Rapidly increasing inflation in Turkey.

Mitigation Strategies

• Maintained its strong equity structure despite increased funding costs.
• Diversified funding sources according to market conditions.
• Implemented effective risk management policies.
• Prioritized technological transformation.

Supply Chain Management

Responsible Procurement

• Garanti BBVA Supplier Code of Conduct

Climate-Related Risks & Opportunities

Awards & Recognition

• Four awards from TEGEP and Brandon Hall in 2023