Akbank has increased its score to 'A' in the MSCI rating, which measures the resistance of companies to long-term environmental, social and governance (ESG) risks. Thus, it has also increased its sustainability score by 3 levels in the last 2 years.
Akbank's MSCI ESG rating increased from BBB to A as of December 2023. In the evaluation carried out on environmental, social and governance issues, the significant improvement in the bank's sustainability performance drew attention. This important success achieved by Akbank came to the fore as a result of the sustainability activities and transparency practices that the bank focuses on, such as sustainable financing, talent management and corporate behavior.
In their statement on the subject, Akbank General Manager Kaan Gür said, “As Akbank, we focus on sustainability in all our activities. As a bank that has implemented ESG practices that set an example for the sector, with the aim of being the bank that carries Turkey into the future, the meticulous work of our board of directors, sustainability committee and all Akbank employees has been continuing for many years. We are proud to play a leading role in our country's transition to a low-carbon economy, achieving net zero targets, and social and environmental development. We follow the development in this field with measurable targets and transparent reporting. In this context, we find the MSCI ESG rating, an independent institution, very important in measuring these efforts. With the devoted work we have carried out since 2021, we are pleased to have increased our rating by 3 levels to A level on a prestigious platform such as MSCI. This development reflects our commitment to a sustainable future”.
Akbank has provided a total of 174 billion TL support for a sustainable future since 2021, reaching 87% of the '200 billion TL sustainable loan financing by 2030' target. The bank aims to continue its sustainability efforts with determination and strengthen the value it offers in line with its goal of becoming a 'net zero bank' by 2050.
