Akbank

The institution has a publicly available policy statement committing to respect ILO core labour rights and expects suppliers to do the same. It maintains a gender balance of 40-60% at the senior executive level and assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. Performance criteria for senior executive remuneration are linked to specific sustainability targets, and responsibility for implementing the sustainability strategy is assigned to various functions, teams, or committees. The institution transparently identifies key sectors, clients, and investees for engagement on climate issues and monitors its scope 1-2 emissions. It discloses the monetary amount and/or share of products, services, and capital provided to women-owned businesses, as well as to small and medium-sized enterprises.

While the financial institution identifies material sustainability impacts through stakeholder feedback, there is potential to encompass the entire value chain and clarify the criteria used for prioritising these impacts. The entity claims not to support political parties, but lacks a formal public policy to this effect. It is also recommended that the institution disclose its third-party assurance or verification of target reporting.

Although it has established key impact indicators for green projects, including climate resilience and adaptation, it could provide examples of how its offerings support societal climate adaptation and resilience. The institution monitors emissions for some of its financing activities, but should justify the exclusions. A breakdown of clients by income group is recommended, along with a disclosure of processes to prevent divestment from low-income countries.

While it states that certain activities require an environmental and social assessment, there is an opportunity to disclose the risk assessment process including ILO fundamental rights risks. It is also recommended that the institution disclose its risk mitigation processes and identify social risks related to the net zero transition. The institution has the opportunity to disclose its method for determining a living wage in its operational regions. Lastly, it should provide examples of conclusions and actions taken regarding salient human rights issues from assessments in the past three years.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.