Akbank TAS

Lobbying Governance

AI Extracted Evidence Snippet Source

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Considering that Turkey ratified the Paris Climate Agreement has set a net zero emission target to be achieved by 2053, we aim to offer new and innovative sustainable finance products and solutions in all sectors in order to accelerate the transition to a low carbon economy, especially in the fight against the climate crisis. We monitor the effects of the loans we provide as part of our Sustainable Finance efforts on climate change. As Akbank, we aim to reduce the negative effects of our loan portfolio on climate change until 2030. In this direction, we actively participating governmental and regulative meetings on particularly sustainable finance and climate finance topics. Additionally, this year, we joined UNEP FI PRB, TCFD Supporter, WBCSD Turkey (Sustainable Finance and Risk Management Working Group, Transition to a Low Carbon Economy and Efficiency Working Group and Sustainable Industry and Circular Economy Working Group).

CDP Questionnaire Response 2022