Sustainability-linked loans in Turkey: the current state of play
Related people
23 September 2021
As regulators, shareholders, investors and wider society increasingly focus their attention on Environmental, Social and Governance (ESG) matters, they have crept up the boardroom agenda of large Turkish companies and financial institutions and are now firmly in the spotlight on financing transactions in Turkey.
Consistent with trends seen in other markets, ESG factors are fast becoming a common feature of the Turkish loan market, with many Turkish companies and lenders looking to find ways to enhance both their financial and reputational position with investors and customers by capitalising on the current focus on ESG.
We have had the privilege of supporting our clients on several sustainability-linked loans in Turkey and in other markets, including the very first sustainability-linked loan in Turkey and the world’s first sustainability-linked loan made available to a bank. This note provides an overview of how the global sustainability-linked loan trends are playing out locally in the Turkish market.
