Garanti BBVA wins two international awards for Türkiye’s biodiversity bond

The bank won in two EMEA categories: Award for Innovation (Use of Proceeds, Green Bond) and Green Bond of the Year (Financial Institution). The Environmental Finance Sustainable Debt Awards recognize outstanding and innovative transactions across green, social, sustainable, and sustainability-linked bonds and loans. Winners are selected by an independent panel of investors, and the awards highlight deals that contribute to the development of sustainable finance markets, introduce innovative structures, and deliver strong environmental outcomes. The award-winning issuance represents a milestone as Türkiye’s first biodiversity-themed bond. Proceeds are earmarked for projects focused on the conservation of marine and freshwater ecosystems, particularly in the Mediterranean basin,as well as sustainable tourism, sustainable fisheries, and water management initiatives. The bond’s framework brings these areas together under an ecosystem-based approach, offering an innovative use-of-proceeds model in the sustainable debt markets. Totaling $20.22 million with a three-year maturity, the issuance was structured in line with international sustainable finance standards. Its framework incorporates transparent reporting and impact measurement, ensuring that bond proceeds are directed toward areas with genuine environmental impact. The bond forms part of Garanti BBVA’s long-term sustainable finance strategy. The bank has set a TRY 3.5 trillion sustainable financing target for the 2018–2029 period, aiming to contribute to Türkiye’s green and inclusive transition. The biodiversity issuance signals that the bank’s sustainable finance approach is extending beyond a purely climate-focused agenda to embrace a broader environmental framework encompassing water, natural capital, and biodiversity. BBVA is ranked as the best bank to work for in Spain according to LinkedIn and holds second place in the overall ranking of companies with more than 5,000 employees.The post Garanti BBVA wins two international awards for Türkiye’s biodiversity bond first appeared on All PYRENEES.