Offering more than 50 sustainability-themed products and services according to the needs of its customers and the sector, Garanti BBVA supports transformation with the financial products it provides in the circular economy on the path to sustainable transformation. Garanti BBVA realized its first circular economy transaction in 2022 by taking part in a transaction to minimize raw material consumption, waste and environmental footprint by keeping existing primary resources in the economy for as long as possible. The 18 million euro loan, in which EBRD and Garanti BBVA participated with equal shares, will be used for the investment in the innovation of production processes planned by the lender company with a circular economy focus.
The volume of the Bank's sustainable finance products offered for investments and acquisitions such as waste management, recycling and circular economy practices exceeded TL 2.2 billion in 2023. Garanti BBVA, which is also committed to the Business Plastics Initiative of the BCSD Türkiye, continues to work on the management of the direct impact of plastic waste.