According to the statement made by the association, the report, the first of which was published last year, analyzed banks\u201c fossil fuel investments, \u201dnet zero\" target, carbon footprint, clean energy investments and ESG ratings.<\/p>\n
According to the report, the Turkish Economy Bank (TEB) stated that it would not finance new coal projects since 2022. Garanti BBVA, QNB Finansbank and TEB reported that they will abandon their existing coal portfolios in the 2030-2040 period.<\/p>\n
According to the report, which states that Vak\u0131fbank and T\u00fcrkiye S\u0131nai Kalk\u0131nma Bank will align their portfolios with the net-zero carbon emission target by 2050, 9 out of 17 banks said \u2019no\u2019 to coal, while 10 committed to act in line with the \u201cnet zero\u201d target.<\/p>\n
- \u201cFossil fuel phase-out must be followed by a transition to renewable energy\u201d<\/p>\n
Efe Baysal, Campaign Officer of 350 for Climate Association, stated that they scrutinized the practices of 17 banks in combating climate change compiled under 5 articles.<\/p>\n
Baysal stated that the first of the main objectives of their campaign was to announce that banks would not take part in the financing of investments in fossil fuels, especially coal:<\/p>\n
\u201cEnding existing fossil fuel investments and announcing target dates for zero emission is an inevitable requirement for the exit from fossil fuels, which are the root causes of the climate crisis. Of course, for a more livable world, the transition from fossil fuels should be followed by a transition to renewable energy. Banks\u201d investments in renewable energy projects will contribute greatly to the solution and accelerate the transformation of the energy sector.\"<\/p>\n
During the preparation of the report, banks' 2022 integrated annual reports, 2022 annual reports, sustainability reports\/presentations, CDP (Carbon Disclosure Project) results (if any) and Sustainalytics ESG ratings were analyzed.<\/p>","protected":false},"excerpt":{"rendered":"
\u0130klim i\u00e7in 350 Derne\u011fi, T\u00fcrkiye’deki 17 bankan\u0131n iklim de\u011fi\u015fikli\u011fiyle m\u00fccadele uygulamalar\u0131n\u0131 5 ana ba\u015fl\u0131k \u00e7er\u00e7evesinde inceledi\u011fi “T\u00fcrkiye’deki B\u00fcy\u00fck Bankalar\u0131n \u0130klim De\u011fi\u015fikli\u011fine Yakla\u015f\u0131m\u0131” ba\u015fl\u0131kl\u0131 raporunu yay\u0131nlad\u0131.<\/p>","protected":false},"author":1,"featured_media":277909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-277162","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gundem"},"_links":{"self":[{"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/posts\/277162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/comments?post=277162"}],"version-history":[{"count":0,"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/posts\/277162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/media\/277909"}],"wp:attachment":[{"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/media?parent=277162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/categories?post=277162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/halkweb.com.tr\/en\/wp-json\/wp\/v2\/tags?post=277162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}