Turkcell Signed a Sustainability Linked Loan Agreement of 50 Million Euros
May 10 2019 - 3:09AM
Business Wire
Turkcell (NYSE:TKC) (BIST:TCELL), incorporating its
sustainability approach to its financing activities, today
announced that it has signed a ‘Sustainability Linked Loan’
agreement with BNP Paribas for a three-year term loan of 50 million
euros. Accordingly, Turkcell has further strengthened its leading
position in loan markets with sustainable financing. As part of the
agreement, objectives including electronic waste recycling, using
solar energy and decline in paper consumption with increased use of
company’s digital publishing app Dergilik have been set. The annual
cost of the loan will decline should Turkcell successfully meet
these objectives.
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Turkcell, incorporating its
sustainability approach to its financing activities, today
announced that it has signed a ‘Sustainability Linked Loan’
agreement with BNP Paribas for a three-year term loan of 50 million
euros. (Photo: Turkcell)
An incentive for sustainability and futureEmphasizing
that Turkcell has extended its sustainability efforts to its
financing activities, Turkcell CEO Murat Erkan said: “We have
signed the ‘Sustainability Linked Loan’ agreement combining our
efforts on sustainability and objective of diversifying our
financial resources. Turkcell will contribute to sustainable
growth, reduce its carbon footprint and lower its financial costs
with this loan – our aim at scale is to leave the natural resources
to the next generation and create value for our customers in a
sustainable manner. We are, in this sense, determined to continue
our sustainability practices as the heart of our corporate social
responsibility projects.”
Sustainability through ubiquitous practicesTurkcell,
disclosing its sustainable management approach, its practices and
performance transparently through its sustainability reports
published since 2011, is also listed on BIST (Istanbul Stock
Exchange) Sustainability Index since 2015. Supporting sustainable
industrialization with its technology, Turkcell builds its
infrastructure and aims to reduce environmental effects through its
digital services with the future of climate and environment in
mind. Turkcell continuously tracks its carbon footprint to fight
climate change and aims to lower carbon emission through the
increased use of renewable energy in business processes, and
focuses on energy save with process improvements to reduce its
waste. Turkcell’s digital publishing app Dergilik prevents
thousands of trees being cut down by enabling customers to read
magazines and newspaper online. Also, Turkcell’s smart agriculture
IoT device Filiz allows farmers to use water resources more
efficiently.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190510005116/en/
Ali KarakayaTurkcell Corporate Communications
Managerali.karakaya@turkcell.com.tr
Bugra KayaTurkcell Corporate Communications
Expertbugra.kaya@turkcell.com.tr
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