Management of indirect environmental impact arising from the projects financed

We aim to apply the Environmental Impact Assesment Model to the all of projects with a total investment value higher than USD 20 mio. With a risk rating system custom-built with sector-specific risks, projects will be evaluated and categorized. According to the results, an environmental management plan will be established to oblige the borrowers to take certain actions for the mitigation of the risks. The system is established by the Bank's initiative with the policies above the national regulation. We aim to reject the projects that do not meet the criteria, demand certain measures from the borrowers and to monitor them. For our direct impact to the environment, we are establishing an environmental management system compatible with ISO 14001 standards. But since our indirect impact is far bigger, the aim of this project is to support sustainable development in Turkey, a fast growing country, by overseeing the environmental impacts of the major investments.