For the next installment of our webinar series, Carbon Pricing: Gaining a Competitive Edge in a Climate-Constrained World, Garanti Bank will discuss their experience as one of the first banks in Turkey to commit to an internal price on carbon.
Established in 1946, Garanti Bank is Turkey’s second largest private bank. Committed to integrating carbon pricing into long-term strategies and investment decisions, the bank applies a shadow price to analyses for fossil fuel and renewable energy production investments. This internal price on carbon helps drive the bank’s strong and growing renewable energy portfolio.
This webinar will feature details and lessons from Garanti’s carbon pricing experience and provide insight as to what might be next for the bank and Turkey overall. Notably, Garanti Bank is at the forefront of financing renewable energy investments in Turkey, and its largest shareholder, BBVA (a multinational Spanish banking group) recently pledged to mobilize €100 billion by 2025 to fight climate change and drive sustainable development.
Additionally, Garanti Bank released its Climate Change Action Plan in 2015 to support Turkey’s transition to a low-carbon economy and committed to the Science Based Target Initiative in 2016.
Please join us for this great opportunity to learn about carbon pricing in action from practitioners within the financial sector.
- Ceren Solak Yılmaz, Sustainability Supervisor, Garanti Bank
- Derya Özet Yalgı, Sustainability Manager, Garanti Bank
- Cary Krosinsky, Lecturer in Sustainable Finance, Yale University and Brown University; Co-Founder and Director, Real Impact Tracker
Photo credit: lebanon24.com