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.
Within the scope of the Capital Markets Board's Corporate Governance Communiqué, full compliance with the mandatory principles of Corporate Governance Principles is achieved and efforts are being carried out to ensure compliance with the principles that are not yet mandatory. Within the framework of Borsa İstanbul (BIST) Sustainability Index Methodology, compliance with the issues regarding management is monitored and actions are taken to take the necessary actions.
a) Management Structure
Albaraka Türk Participation Bank is composed of 13 members including the Board of Directors and the General Manager. Three of the 13 members are members of the Audit Committee and the total number of independent members of the board is 4. Click to get to know our Board members.
The top management team of Albaraka Türk Participation Bank consists of 11 people. Click to get to know the Top Management of our Bank.
b) Remuneration and Benefits Provided to Top Managers
The total amount of remuneration and benefits provided to the top managers of the Bank for the accounting period ended 31.12.2018 is 18,155,000 TL.
The Bank aims to be one of the leading participants in the sector by taking a pioneering role in its fight against climate change in all its operations in its Headquarters and branches. Albaraka Türk, which oversees the sustainable future with its corporate culture and vision, has established our Bank's Environmental Policy within the framework of BIST Sustainability Index and Carbon Transparency Project (CDP) in order to continue to contribute to its stakeholders through all its activities in banking, environment, social and governance fields. It is ensured that necessary actions are taken, managed and reported to be shared with the public regarding the environmental issues determined by the policy.
On the other hand, our Bank does not finance projects that are harmful to the environment, damage waterways and watersheds and have impacts on these regions through the loan provided from the World Bank. Environmental Impact Assessment (EIA) Reports are requested to determine the positive and negative environmental impacts of all projects planned to be financed. The Bank continues its efforts to develop its corporate policy in financing sustainable projects.
Click to access Albaraka Türk Environmental Policy.
Click to access the Albaraka Türk Environmental Management System.
Albaraka Türk strives to operate in accordance with the principles of the United Nations Universal Declaration of Human Rights. Therefore;
Click. to access Albaraka Türk Human Rights Policy.
Within the framework of the Banking Regulation and Supervision Agency, an Anti-Bribery and Anti-Corruption Policy is established to ensure that Bank personnel including the top management are informed, the necessary compulsory trainings are received, Bank’s internal actions and actions necessary actions for related stakeholders are taken and managed, and reported to be shared with the public.
Click to access Albaraka Türk Anti-Bribery and Anti-Corruption Policy.
Emergency scenarios are prepared, physical security scenarios are updated, emergency teams are determined and emergency trainings are organized, emergency drills are planned and implemented before the moment of any emergency situation that may occur. It is ensured that relevant correspondence, reporting, necessary information and emergency and contingency activities are coordinated and necessary actions are taken in this regard.
According to the relevant legislation, actions such as reporting on health and safety studies (trainings, business continuity activities, awards to be received from health institutions, in-bank health campaigns etc.) to be shared with the public, and identifying a senior manager responsible for health and safety issues are taken within the framework of the Sustainable Banking Program.
Click. to access Albaraka Türk Health and Safety Studies.
In order to protect its own reputation and assets and stakeholders' assets against extraordinary situations, a business continuity management system is established and continuously improved in line with needs under the leadership of Albaraka Türk's top management in accordance with international ISO 22301 business continuity management system standard, bank strategic targets, BRSA regulations and communiqués.
The adequacy and effectiveness of the system, strategies, plans and organizational structure of business continuity management are reviewed and improved through training, testing, internal and external audit activities.
Environmental and social risks regarding the lending activities are managed within the framework of Banks Association of Turkey Sustainability Guidelines for the Banking Sector and Albaraka Türk Credit Policies and Implementation Procedures. Product improvements are made in line with the sustainable banking target by taking into account the sustainability parameters in other banking products and services. Best practices are taken into account while Environmental, Social and Governance (ESG) elements are included in credit processes in entire funding strategy
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 Corporate Governance Principles of the Capital Markets Board.
In addition, the Bank's Corporate Social Responsibility activities are carried out within the scope of the Program and within the framework of BRSA, CMB and related legislation, an understanding that complies with the vision and mission of our Bank, considers corporate identity and understanding and adds value to the valuesof our country by trying to find solutions to social problems is adopted.