Climate action and sustainability are two issues with an ever-growing importance. At Türk Eximbank, we are reviewing our business models in these areas and revising our implementations as necessary.
In 2024, we are aiming to extend support to investments for compliance with the Carbon Border Adjustment Mechanism with sustainability-themed funds.
While we provided cash credit support worth USD 19.6 billion to our exporters in 2023 in keeping with our mission derived from our identity as the official export credit agency, we also allowed our exporters to carry out exports securely by insuring receivables in the total amount of USD 22.4 billion.
Türk Eximbank launched the “Sustainability, Environmental and Social Risk Management System” Project in 2019 to carry out all its activities in line with sustainability principles and to shape its governance structure on the center of these principles, and established its processes accordingly.
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In line with its main goal, Türk Eximbank defined its strategic priorities as “increasing the support schemes provided for value-added exports”, “increasing the support schemes provided to SME exporters”, and “increasing the support schemes targeted towards green transformation”.
As part of green transformation financing efforts, Türk Eximbank is anticipated to secure funds in the amount of EUR 1.3 billion approximately in 2024 to support exporters’ energy efficiency and renewable energy investments.
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