Kuveyt Türk received the “zero waste certificate”

Kuveyt Türk, Turkey’s Leading Crowdfunding Institution, Has Fulfilled All Criteria of the Ministry of Environment, Urbanization and Climate Change’s Zero Waste Regulation and Received a “Zero Waste Certificate” for its Head Office and its bank buildings.

Distinguished by its innovative and sustainable products and services, Kuveyt Türk has become the first participatory financial institution to receive a zero waste certificate following inspections carried out by the provincial directorates of environment and urbanization under the Ministry of Environment. environment, urbanization and climate. Switch. Kuveyt Türk received the zero waste certificate by fulfilling all the necessary criteria for the zero waste certificate and passing the zero waste audits at Istanbul headquarters and Kuveyt Türk’s banking and living base in Kocaeli. In order to obtain the zero waste certificate, Kuveyt Türk collected the waste in the facility by separating it at source, then created temporary storage areas for the waste and sent the waste to the disposal company.

“We have taken significant steps in a short time as part of the Zero Waste Project”

Kuveyt Türk’s Managing Director, Ufuk Uyan, said: “We carry out important studies from a sustainability perspective in many different areas, from waste management to green products and services, environmental credit rating systems and social to savings plans, integrated corporate social responsibility projects with sustainable financing. While increasing our support for the financing of sustainable projects in the field of renewable energy, we fulfill our duties regarding the diversification of financial products and services, in particular sukuk, and the development of the ecosystem of sustainable finance in our country, with the vision of sustainability. With our award-winning Paperless Branch Banking project, we save thousands of trees each year and strive to fulfill our duty to the environment through our afforestation efforts that we carry out with our employees and their families. In addition to all this work that we have carried out, we have carried out important actions within the framework of the Zero Waste Project in recent years. We aim to take all measures for a more efficient use of resources, the prevention of waste, the prevention or minimization of the production of waste and, in the event of the occurrence of waste, the separation and recycling at source. In a short time, we have fulfilled all the criteria of the Zero Waste Regulation of the Ministry of Environment, Urbanism and Climate Change, and we have been entitled to receive the Zero Waste Certificate for our head office and our building. banking and basic. We are happy to be a pioneer in the field of crowdfunding by opening new avenues in this regard. We will continue to develop new projects in the field of environmental sustainability and financial sustainability and fully fulfill our responsibilities to the environment.

With the ‘Paperless Branch Banking Project’, we save money and we make trees

Acting with the understanding of “We grow with our values”, Kuveyt Türk, as part of the Paperless Branch Banking project, reduces the use of paper in financial processes, while planting trees in nature with the savings made. With the approach “Our paper savings turn into trees”, Kuveyt Türk collects 7-8 year old trees with soil instead of saplings and performs all kinds of tree maintenance. Kuveyt Türk also cooperates with non-governmental organizations to plant saplings on behalf of its employees and their families. Recently, with the participation of employees and their families, the first seedlings were planted in Gebze, Kocaeli. When the project is completed, 10,000 pine seedlings in Kocaeli and 7,000 pistachio seedlings distributed to farmers in Kilis will meet the soil.

Turkey’s and the world’s first lasting subordinated sukuk issue

Completing the first sukuk transaction in Turkey and Continental Europe in 2010, Kuveyt Türk became the first financial institution in Turkey and the world to issue “Global Tier 2 Subordinated Sustainable Sukuk” in accordance with crowdfunding principles. The source obtained from sustainable sukuk is used in the financing of green and social projects, in particular in the financing of renewable energies.

Support for green energy financing continues

Kuveyt Türk also continues to financially support investments in solar power plants in the field of renewable energy resources in order to meet the energy needs of future generations, reduce environmental damage and contribute to sustainability. 523 megawatts of installed solar power plants, including 7,385 megawatts installed in Turkey, are covered by 174 projects funded by Kuveyt Türk. .

Leave a Comment