Potential offtaker

Türkiye İş Bankası

www.isbank.com.tr

Estimated electricity consumption

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Countries of production presence

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Türkiye İş Bankası, commonly known as İşbank, is one of the largest banks in Turkey, with a long and rich history dating back to 1924. The bank operates in the Corporate Banking sector, providing a wide range of financial services to businesses of all sizes and industries. İşbank has a strong commitment to sustainability and has been actively involved in promoting decarbonisation and the adoption of renewable energy in the corporate sector.

Corporate energy is a critical issue for many businesses, as energy costs can represent a significant portion of their operating expenses. İşbank recognises the importance of corporate energy management and has developed a range of products and services to help its corporate clients reduce their energy consumption and costs. These include energy efficiency loans, which provide financing for energy-saving projects such as building insulation, lighting upgrades, and the installation of energy-efficient equipment.

In addition to energy efficiency loans, İşbank also offers corporate power purchase agreements (PPAs) for renewable energy. PPAs are long-term contracts between a business and a renewable energy provider, where the business agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. PPAs can help businesses to reduce their carbon footprint and energy costs while providing a reliable and predictable source of energy.

Renewable energy is a key focus area for İşbank, and the bank has been actively involved in financing renewable energy projects in Turkey. İşbank has provided financing for a range of renewable energy projects, including wind, solar, and hydroelectric power plants. The bank has also been involved in the development of Turkey's first utility-scale solar power plant, which has a capacity of 10 MW.

In addition to its financing activities, İşbank has also been actively involved in promoting renewable energy adoption in the corporate sector. The bank has organised a range of events and initiatives to raise awareness of the benefits of renewable energy and to encourage businesses to adopt renewable energy solutions. İşbank has also developed a range of renewable energy products and services, including renewable energy loans and leasing options for renewable energy equipment.

Decarbonisation is another critical issue for İşbank, and the bank has been actively involved in promoting decarbonisation in the corporate sector. Decarbonisation involves reducing greenhouse gas emissions and transitioning to a low-carbon economy. İşbank has developed a range of products and services to help businesses reduce their carbon footprint, including carbon footprint assessments, carbon offsetting, and sustainability-linked loans.

Sustainability is a core value for İşbank, and the bank has been recognised for its efforts in this area. İşbank has been included in the Dow Jones Sustainability Index for the past 10 years and has received numerous awards for its sustainability initiatives. The bank has also been recognised for its efforts to promote gender equality and diversity in the workplace.

In conclusion, İşbank is a leading player in the Corporate Banking sector in Turkey, with a strong commitment to sustainability and decarbonisation. The bank has developed a range of products and services to help businesses reduce their energy consumption and costs, adopt renewable energy solutions, and reduce their carbon footprint. İşbank's efforts in this area have been recognised both nationally and internationally, and the bank is well-positioned to continue to lead the way in promoting sustainability in the corporate sector.

✓ Science Based Targets member
✓ Declared Net Zero commitment