Case Studies > Financing resource efficiency for businesses in Turkey
Financing resource efficiency for businesses in Turkey
Turkish businesses face significant resource efficiency challenges. The country’s growing population, expanding economy and rapid urbanisation, together with the impacts of climate change, are placing pressure on its water and energy resources. At the same time, a rise in industrial production and consumer demand is resulting in increasing levels of pollution and waste generation.
Under the Sustainable Resource Initiative, the EBRD has extended its first-ever credit line to Turkiye Sınai Kalkınma Bankası A.S. (TSKB) for on-lending to private sector companies. The €50 million loan will help to finance resource efficiency improvements, including water efficiency, waste minimisation and energy efficiency projects. The credit line will support TSKB in scaling up dedicated financing for Turkish businesses by promoting resource efficiency technologies and practices within the Turkish market and spreading them across the industrial sector. This will allow companies to save precious resources and use them in a more efficient and cost-effective way, all of which will help to make businesses in Turkey more competitive in the long run.