Sustainable Finance Empowering Clean Energy
At Zorlu Enerji, we create long-term value by balancing economic success, environmental responsibility, and social welfare through sustainable financing.
At Zorlu Enerji, we create long-term sustainable value by combining economic success with environmental and social responsibility. While shaping our strategies, we adopt a comprehensive risk management approach that encompasses financial stability, business continuity, and environmental factors. By integrating sustainability into our business processes, we focus on increasing energy efficiency, reducing our carbon footprint, and developing environmentally friendly solutions. Through open and effective communication with our stakeholders, we strengthen collaborations to produce joint solutions and create long-term value.
Our Sustainable Financing Strategy
At Zorlu Enerji, we develop ESG-compliant projects by utilizing responsible financing sources such as international financial institutions and development banks to support our sustainability goals. Our financing strategy reflects our commitment to creating sustainable value, not only through financial success but also by addressing our environmental and social impacts, in line with the principles of transparency and accountability. Our ESG performance, which is subject to independent evaluations, and our strong position in indices are indicators that this strategy is built on solid foundations.
How Do We Implement Our Strategy?
At Zorlu Enerji, we benefit from green bonds and sustainability-linked financing instruments in accordance with international standards to finance our projects that provide environmental and social benefits. These instruments play a critical role in achieving our sustainability goals while advancing our mission to create economic, environmental, and social value.
Sustainability-Linked Bond Framework
Our published Sustainability-Linked Bond (SLB) Framework, developed to meet our financing needs, explains the alignment of our financing strategy with international standards and the focus areas where the proceeds will be directed. Our framework details our goals to reduce carbon emissions, support renewable energy projects, and increase energy efficiency. You can access the framework via the provided link.
Sustainability-Linked Bond (SLB) Issuance
In 2024, we carried out our Eurobond issuance processes as Sustainability-Linked Bonds (SLBs). This bond was structured based on our carbon reduction targets aligned with the Science Based Targets initiative (SBTi) and our leadership in ESG performance.
Sustainability-Linked Bond Framework
Compliance with International Standards
In our green bond issuance processes, we ensure full compliance with international standards such as the Green Bond Principles (GBP) issued by ICMA. This guarantees that the proceeds are directed to environmentally beneficial projects and that transparent reporting is provided. The independent Second Party Opinion (SPO) published by S&P Global Ratings verified the alignment of our bond with sustainability criteria and confirmed that proceeds would be allocated to renewable energy, electrical infrastructure, and energy efficiency projects, thus enhancing investor confidence. You can access the SPO via the provided link.
EuroNEXT
Our sustainability-linked bonds are traded on Euronext, one of the leading platforms in international financial markets. This increases the global accessibility of our financing sources and enables us to share our sustainability commitments with a broader investor network.
International Grants and Fund Supports
Through the R&D projects we conduct under the European Union’s Horizon Europe program, we lead efforts focused on the transition to a low-carbon economy, circular economy, and innovation. With these projects, we support our sustainability goals while utilizing up to 100% grant funding, making more effective use of our resources. Detailed information can be found in the R&D and Innovation section.
Mandatory and Voluntary Carbon Markets
At Zorlu Enerji, we explore and trade carbon credits through our renewable energy projects, GECO, and electric vehicle charging infrastructure investments, in accordance with relevant standards. We utilize these carbon credits in both mandatory and voluntary carbon markets and sell them to buyers seeking to meet their environmental commitments.
I-REC and YEK-G Revenues
We certify our renewable energy production with I-REC and YEK-G certificates, generating additional revenue while proving the environmental compliance of our energy generation at an international level. These certificates are an important choice for environmentally conscious companies and investors and also help us improve the efficiency of our energy infrastructure and increase our investments in renewable energy.
