TSKB and ecording Signed an Eco-Friendly and Sustainable Cooperation
14 Jul 2021TSKB Increases Concrete Steps in Fighting the Climate Crisis
TSKB continues to increase its concrete steps towards combating the global climate crisis. Within the scope of its collaboration with ecording, a social enterprise that develops sustainable and innovative environmental technologies, it aims to shoot a total of 150 thousand seed balls with ecoDrone within a year in the fields determined by the General Directorate of Forestry, on behalf of the companies to which it provides loans. In this way, TSKB will contribute to Turkey's sustainable and low-carbon economy while also increasing its support to social entrepreneurs.
Turkey's sustainable and inclusive development bank, Turkish Industrial Development Bank (TSKB), has signed a meaningful collaboration with ecording, a social enterprise that develops sustainable and innovative environmental technologies against the global climate crisis. In this context, a total of 150 thousand seed cannons are planned to be fired within a year on behalf of the companies to which TSKB provides loans. TSKB, which aims to plant 100 seeds for every 1 Million USD of loan usage in line with the Sustainable Development Goals (SDGs), will also increase its support to social entrepreneurs with the ecording cooperation.
With this collaboration, TSKB, which is the first bank in the financial sector to initiate seed sowing application indexed to investment loans, will support afforestation and the development of the natural ecosystem in the areas determined by the General Directorate of Forestry.
“We are trying to be an active part of the solution to the climate crisis with innovative projects in the environmental and social fields”
Stating that ecording makes significant contributions to afforestation and sustainable environment with the priority of protecting nature by dropping seed balls from the air with unmanned aerial vehicles called ecoDrone, TSKB General Manager Ece Börü said, "The climate crisis has caused an increase in extreme weather events and natural disasters all over the world. Deforestation, as one of these disasters, threatens the future of our world. We are trying to be an active part of the solution against the climate crisis with innovative projects in the environmental and social fields. To support the sustainable transformation of production." We attach equal importance to protecting our natural resources as well. We are also pleased to observe the increase in social entrepreneurs developing innovative projects for the same purpose. We see supporting young entrepreneurs with this collaboration with ecording, which shoots seed balls through ecoDrones in hard-to-reach lands, as another important element of our project.
TSKB, which has been performing carbon-neutral banking since 2008, contributes to the reduction of Turkey's annual carbon emissions by 14.4 million tons, thanks to the support it provides to sustainability investments. TSKB aims to increase the weight of Sustainable Development Goals (SDG)-related loans in its total portfolio to 90 percent by 2025. TSKB aims to increase environmental awareness with long-term social responsibility projects. www.cevreciyiz.com, it has been organizing sustainability workshops at universities since 2012. Within the scope of the Green Swan Platform, which it established last year, TSKB draws attention to the climate crisis and aims for awareness-raising activities and effective collaborations in this direction.
Sustainable Practices Are Increasing Their Importance
Noting that extraordinary developments such as natural disasters and pandemics that have occurred in the world in recent years have increased the importance of sustainability practices, Börü said, "In this process, all of us, especially states and regulatory institutions, companies, financial institutions, and even individuals, have different responsibilities. In the world of business, economy and production, it is of great importance to correctly determine road maps and quickly create action plans. As a development bank that has developed a special concentration in the field of sustainability and climate, we are personally witnessing the transformative power of finance. It produces solutions to combat climate change and supports the transition to a low-carbon economy." We believe that within the scope of our cooperation with ecording with our banking vision, we have taken another important step towards green recovery.”
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