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Memberships and Initiatives

Memberships and Initiatives

United Nations Environment Program Finance Initiative (UNEP FI)

Principles of Responsible Banking (PRB)

In 2020, İşbank signed the Principle of Responsible Banking, announced by UNEP FI in 2019 with theaim of aligning the banking sector with the UN Sustainable Development Goals (SDG) and the Paris Climate Agreement. Defining the role of banking in the new economy, these principles aim to maximize the impact of the banking sector in achieving an equal and prosperous future.

United Nations Women’s Empowerment Principles (WEPs)

WEPs consists of guiding principles for the empowerment of women in the workplace and community. The principles aim to promote women's participation at every stage of working life and their empowerment by highlighting the importance that companies place on equal opportunities and their practices that respect gender equality. İşbank underlined the importance it attaches to gender equality by signing the United Nations Women's Empowerment Principles.

Carbon Disclosure Project (CDP)

CDP is an independent and non-profit global organization that mediates public companies to disclose how they use natural resources and natural capital, how they affect the reproduction of limited resources with their activities, and how they manage their risks in this area. İşbank has been transparently sharing its environmental goals and performance with its stakeholders within the scope of the CDP Climate Change Program since 2019.

Please click for İşbank CDP Climate Change Reports.

UN Global Compact

UN Global Compact encourages institutions to act in cooperation to create a sustainable and inclusive global economy. İşbank commits to comply with the 10 principles of the Global Compact in all its activities.

İşbank is also a member of the Global Compact Working Group on Sustainable Finance in Turkey. The Group aims to increase commitment to sustainability in reel sector, Turkish finance sector in particular, and mobilize the private sector to create the needed financial resources to achieve Sustainable Development Goals. In 2017, İşbank signed the Declaration of Sustainable Finance in Turkey prepared by the Global Compact Turkey Sustainable Banking and Finance Working Group. With the declaration, the signatory banks declared that they will take the environmental and social risks into consideration in the loan assessment processes in the investments of USD 10 million and above.​

Science Based Targets Initiative (SBTi)

The Science-Based Targets Initiative directs the private sector's climate action by enabling companies to set science-based emission reduction targets in order to keep the global temperature increase below 2⁰C and to meet the targets set in the Paris Agreement. In 2020, İşbank took an important step to manage its direct impact on climate change, and committed to calculate its Scope 1 and Scope 2 emission targets the Bank discloses within the scope of CDP reporting on the basis of Science-Based Targets.

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