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Our Sustainability Structure

Aproach

Albaraka Türk Participation Bank launched its Sustainable Banking Program under the leadership of its main partner, Albaraka Banking Group (ABG), with the vision of “Being the Best Participation Bank in the World”. With the title of Turkey's first Participation Bank, Albaraka Türk which has been a leader in many fields since its establishment; is a leading financial institution working with all its stakeholders for a sustainable world that is sensitive to human and environment and that supports economic and global development with the support of its employees under the Sustainable Banking program it has launched.

Albaraka Türk's Sustainability strategy encompasses the implementation of the Bank's activities and the effective management of the risks associated with these activities through road maps determined in specific areas. In this context, our Bank conducts the Sustainable Banking Program within the framework of the United Nations 2030 Sustainable Development Goals.

In addition, within the scope of the program, our Bank's Corporate Social Responsibility activities are carried out by focusing on education, health, environment and vulnerable groups; Within the framework of the BRSA, CMB and related regulations, an understanding that adds value to the values of our country is adopted, in line with the vision and mission of our Bank, by observing the corporate identity and understanding, and by working to find solutions to social issues.

Additional statements regarding bank management: Information on the Bank's Board of Directors and Senior Management

Our Sustainability Management Structure

1. Sustainability Committee

1.1.The Formation and Purpose of the Committee

The committee consists of 3 board members. The purpose of the Committee is to establish policies within the Bank in line with our Bank's core values and ethical principles by taking into account the best practices in the world in the field of sustainability and social responsibility.

1.2.Duties Of The Committee

  • Prioritizes the consideration of economic, environmental and social factors in the Bank's activities and decision mechanisms in addition to corporate governance principles in order to ensure the internalization of Corporate Sustainability awareness within the organization, to introduce the objective of sustainable banking in a concrete manner and to establish long-term values.
  • Prioritizes environmental awareness at all levels of the Bank; establishes the necessary ethical rules and ensures the effective management of risks associated with all these factors.
  • Directs the Sustainability, Social Responsibility and Communication Executive Committee to implement the Sustainability and Social Responsibility projects that can explain the corporate identity and understanding in line with the Bank's vision and mission to the whole society, stakeholders and business partners.
  • Follows the best practices in the world in the field of sustainability and Social Responsibility and ensures the implementation of projects that correspond to bank's core values and ethical principles.
  • Evaluates the impacts of bank activities on society.
  • Supervises the impacts of the Bank's activities on society and measures taken within this scope.
  • Discusses the issues reported by the Sustainability, Social Responsibility and Communication Executive Committee and makes the necessary decisions to conclude them.
  • Works in coordination with the relevant committee of ABG in the field of Sustainability and Social Responsibility.

2. Sustainability Executive Committee

2.1. The Formation and Purpose of the Committee

The committee consists of 3 assistant general managers and 6 department managers under the chairmanship of the general manager. It was established in order to evaluate the works to be carried out for the Bank's Sustainability and Social Responsibility activities and to make it ready for the approval of the Sustainability Committee by making the necessary corrections and referrals.

2.2. Duties Of The Committee

  • Implements the Sustainability and Social Responsibility projects that can explain the corporate identity and understanding in line with the Bank's vision and mission to the whole society, our stakeholders and business partners.
  • Monitors the implementation of the decisions taken by the Sustainability Committee.
  • Evaluates the requests from the Strategic Planning Department and makes decisions regarding the timing, medium and budget of the Sustainability and Social Responsibility projects to be prepared on behalf of the Bank.
  • Makes the pre-assessment of the Sustainability and Social Responsibility projects proposed by the Strategic Planning Department at certain periods of the year, puts them on the agenda of the Sustainability Committee and follows the projects implemented.
  • Gives the approval of budget, concept, production and business partners regarding the Sustainability and Social Responsibility activities to be carried out regarding the specified issues.
  • Approves Sustainability and Social Responsibility reports to be prepared annually and periodically.