Our Medium- and Long-Term (3 to 5 years) Goals

We set medium- and long-term goals by conducting comprehensive efforts in line with the material topics we identify at VakıfBank.

OUR MEDIUM- AND LONG-TERM (3 TO 5 YEARS) GOALS Material Topics Related UN Sustainable Development Goals Related Capital Elements
In line with economic policies, we shall sustain to support production, manufacturing, exports, employment and effectively funding the financial requirements of households. Sustainable Financial Performance 2, 5, 6, 7, 8, 9, 10, 11, 12, 13, 17
We shall continue to work for raising employee awareness by maintaining the Integrated Management System's continuity (ISO 9001-ISO 14001-ISO 45001). Combating Climate Change and Environmental Compliance 6, 13, 15
We will continue to expand our investor base by effectively sustaining our communication with equity and fixed income investors. Stakeholder Engagement 8, 10, 16
To raise awareness on sustainability, we shall increase the types and numbers of training. Capacity Building and Talent Management 4, 5, 8, 10
We will continue our efforts to make our value-creation activities for sustainable economy, society and environment more visible on national and international platforms. Sustainable Finance and Development 2, 5, 6, 7, 8, 9, 10, 11, 12, 13, 17
We aim to sign the Principles of Responsible Banking for the United Nations Environmental Program Financial Initiative (UNEP FI). Climate Change Mitigation and Environmental Compliance 7, 8, 9, 11, 12, 13
We will continue striving for an “A” performance rating within the CDP Climate Change Program and the CDP Water Program. Climate Change Mitigation and Environmental Compliance 6, 7, 11, 12, 13
We will carry out our activities to play an active role in the market in responsible and green financing areas to create investment opportunities within our bank that can provide permanent value for investors. Sustainable Finance and Sustainable Development 2, 5, 6, 7, 8, 9, 10, 11, 12, 13, 17
We will continue our efforts to improve our score on local and international sustainability indices. We will also focus on being included in other recognized sustainability indices. Corporate Governance 8, 16
By continuing to provide innovative and digital products tailored to the requirements and demands of our customers, we aim to increase the number of our active customers. Customer Experience and Satisfaction 8, 9, 10
We aim to increase the share of transactions made through non-branch channels and the share of digital channels in total transactions Digital Transformation, Innovation, and Artificial Intelligence 8, 9, 12, 13, 17
We will continue to make cultural transformation programs that support digital transformation Capacity Building and Talent Management 4, 5, 8, 10
We will continue to improve our practices in the field of Open Innovation. Digital Transformation, Innovation and Artificial Intelligence 8, 9, 12, 13, 17
We shall continue to develop our applications in artificial intelligence and data analytics. Digital Transformation, Innovation, and Artificial Intelligence 8, 9, 12, 13, 17
We aim to examine in detail the end-to-end experience of “Being a member of VakıfBank” and to improve customers’ experiences at interaction points with our journey map designs. Customer Experience and Satisfaction 8, 9, 10
We will continue our efforts to increase customer satisfaction. Customer Experience and Satisfaction 8, 9, 10
We aim to expand our environmental/social loan portfolio as we diversify our sustainable financing products that support the transition to a sustainable economy. Sustainable Finance and Development 7, 13
We aim to reduce our scope 1 and 2 greenhouse gas emissions by 51% until 2032 compared to the base year 2021. Combating Climate Change and Environmental Compliance 7, 13
We aim to reduce our electricity generation project finance portfolio greenhouse gas emissions by 52.7% per MWh until 2032 compared to the base year 2021. Combating Climate Change and Environmental Compliance 7, 13
We aim to reduce our commercial real estate loan portfolio greenhouse gas emissions by 60% per square meter until 2032 compared to the base year 2021. Combating Climate Change and Environmental Compliance 7, 13
We aim to reduce our greenhouse gas emissions from electricity generation in the corporate loans portfolio by 42% per MWh until 2032 compared to the base year 2021. Combating Climate Change and Environmental Compliance 7, 13
We aim to establish SBTi targets to reduce greenhouse gas emissions by 31.6% for our commercial and corporate loan portfolio with maturities exceeding one year by 2027. Combating Climate Change and Environmental Compliance 7, 13
Within the scope of our SBTi targets, we aim to encourage our customers and suppliers to engage in net zero commitments. Combating Climate Change and Environmental Compliance 7, 13
We shall continue to be a Carbon Neutral Bank. Combating Climate Change and Environmental Compliance 13
We aim to increase loans from International Financial Institutions to secure low-cost, long-term funding for sustainability initiatives and to enhance our product diversity through various structures. Sustainable Finance and Development 8,13
Our goal is to raise the number of books published by VakıfBank Culture Publications to 700. Social Responsibility and Social Impact 4
We plan to introduce volleyball to 1,800 girls through the VakıfBank Sports Club. Social Responsibility and Social Impact 5, 10
We aim to reduce greenhouse gas emissions and support the growth of the green housing market by continuing to offer mortgage loans funded by the "Green Mortgage Project.” Combating Climate Change and Environmental Compliance 13
We also plan to reach a 65% share among our agricultural banking customers actively using our digital channels. Digital Transformation, Innovation, and Artificial Intelligence 2, 9, 17
We aim to offer financial support for purchasing advanced irrigation tools and equipment, as well as for digital irrigation projects, to reduce water usage in agricultural production. Sustainable Finance and Development 6
The necessary infrastructure to calculate our Scope 3 emissions has been put in place, and we will continue to improve data quality and expand the scope of our calculations. Combating Climate Change and Environmental Compliance 7,13
We will persist in our efforts to enhance employee productivity and motivation. Employee Engagement and Satisfaction 8
Our goal is to strengthen our employee-focused approach, diversify our contact points and channels with our employees, and promote a culture of open feedback. Employee Engagement and Satisfaction 8
We aim to gradually increase our Green Asset Ratio, thereby raising the share of environmentally sustainable economic activities within our total loan portfolio. Sustainable Finance and Development 13
In line with TSRS, we aim to strengthen the methodology and data infrastructure for identifying, measuring, and monitoring climate-related physical and transition risks, and to integrate climate risks into our credit, market, and operational risk management processes. Combating Climate Change and Environmental Compliance 13
We will continue to obtain Zero Waste Certificates for our newly opened branches. Combating Climate Change and Environmental Compliance 12, 13
We will continue to optimize the real-time tracking and reporting of the data that constitute the Bank's Scope 1 and Scope 2 emissions. Combating Climate Change and Environmental Compliance 13
In line with the Board of Directors' targets, we will continue to improve the system established for tracking paper consumption on a per-employee basis. Combating Climate Change and Environmental Compliance 12, 13
We will continue to monitor and improve our portfolio emissions using specific metrics related to climate change, water security, and deforestation. Combating Climate Change and Environmental Compliance 13, 14, 15

GRI 2-22, 2-29, 3-1