For the eighth consecutive year, BBVA's Turkish unit is the only company from Türkiye to be included in the Dow Jones Sustainability Index (DJSI). The bank has made it into the DJSI Emerging Markets category every year since 2015, and this year repeated its success with a record score of 82 points, the sixth-highest among global financial institutions.
The assessment criteria of the DJSI range over decarbonization targets, financed emission volumes and other advanced sustainability metrics. Garanti BBVA increased its score year-on-year from 75 to 82, thus confirming the robustness of its sustainability strategy.
Garanti BBVA CEO Recep Baştuğ, stated that the bank has financed sustainable businesses and taken forward strides in climate action for more than 16 years. "Garanti BBVA was the first bank in Türkiye to commit to phasing out coal and later joined the United Nations Net-Zero Banking Alliance," he added.
Bastug added that the bank is also active in gender equality, energy efficiency, financial literacy and the circular economy. "This recognition by the DJSI of our transparent and sustainable business approach is vital to making our relationship with stakeholders even stronger,” he said.
The Dow Jones Sustainability Index, the world’s most prestigious platform for evaluating sustainability performance, is widely respected and used by international investors. Its criteria encompass business ethics, corporate governance, financing activities, environmental and social performance within the bank, risk management, climate action, transparency, supply chain issues, human rights and workers' rights.